SFBT Overcomes Challenges with Solid Third Quarter Performance
The SFBT has likely experienced the most complicated three months in its recent history. Despite facing attacks on social media, the Tunisian agri-food giant has signed a solid third quarter.
Key Figures
- Revenue (excluding taxes) reached 269,421 MTND, a slight increase of 0.8% year-over-year.
- Local sales of soft drinks totaled 58,980 MTND, a decline of 3.1% compared to the same period in 2024.
- Exports decreased by 17.9% to 6,005 MTND.
- For the first half of the year, the soft drink revenue in Tunisia reached 151,804 MTND (-5.1% year-over-year), while exports totaled 13,711 MTND (-26.4% year-over-year).
- Production decreased to 15,288,383 cases over the first six months of the year.
Explanation for Decline in Soft Drink Sales
The decline in soft drink sales can be attributed to the implementation of a dedicated billing center for SGBIA products (cans and PET) within the SFBT-Charguia plant. As a result, the La Charguia plant now only sells its production in returnable glass bottles. This operational change has mechanically reduced the volume billed directly by the parent company, without reflecting a real decline in the group's overall activity.
Beer Sales Perform Well
- Local beer sales reached 195,142 MTND, a 3.0% increase compared to the third quarter of 2024.
- Export activity remains small, at 0.881 MTND.
- As of September 2025, local beer revenue totaled 437,054 MTND (+2.1% compared to September 2024), while exports reached 3,057 MTND.
Investments
Investments undertaken totaled 19,902 MTND, including:
- 7,984 MTND in packaging
- 6,576 MTND in equipment
- 5,134 MTND in civil engineering
Future Prospects
The company's performance is satisfactory, and it needs to boost its growth through diversification. The potential acquisition of Carthage Grains, still in the negotiation phase according to the July press release, could offer a significant development opportunity.
