SIAME Releases Q1 2026 Activity Indicators
The Industrial Company for Electrical Equipment and Materials (SIAME) has published its activity indicators for the first quarter of the 2026 fiscal year, showing a mixed evolution compared to the same period last year.
Key Figures
- Total revenue stood at 9,948 MDT as of March 31, 2026, down 7.7% from 10,774 MDT in the same period last year.
- The local market showed significant growth of 18.2%, reaching 8,206 MDT, driven by a 37.4% increase in sales on the private local market.
- Exports, however, decreased by 54.5%, from 3,829 MDT to 1,741 MDT, due to the outbreak of conflict in the Middle East, which led to a complete halt in shipments to Iraq.
- The company's production remained virtually stable at 11,064 MDT.
Investments and Debt Structure
- Total investments increased by 19.3% to 1,006 MDT, allocated to intangible (0,635 MDT) and tangible (0,371 MDT) investments.
- The debt structure improved, with the total bank debt decreasing by 1,257 MDT compared to December 31, 2025, from 20,687 MDT to 19,430 MDT as of March 31, 2026, representing a 6.1% reduction.
- This decrease resulted from a reduction in medium- and long-term debt (0,350 MDT) and a significant decline in short-term debt, which fell to 19,080 MDT from 25,598 MDT in the first quarter of 2025.
Conclusion
The overall figures confirm that the company is resilient, investing, and reducing its bank debt burden. Despite the challenges posed by the decline in exports, SIAME's strong performance on the local market and its efforts to improve its debt structure demonstrate its ability to adapt and thrive in a changing environment.
