Sotrapil's Q3 2025 Results: A Mixed Bag with Promising Annual Outlook
During the third quarter of 2025, Sotrapil's transportation revenues declined by 5.9% year-over-year to 4,316 MTND. This decrease can be attributed to lower transported quantities, which fell by 6.1% to 460,969 m3. The Bizerte-Radès pipeline accounted for a volume of 406,061 m3, generating revenues of 3,692 MTND, while the Jet A1 Radès-Tunis Carthage pipeline handled 54,908 m3, resulting in revenues of 0.477 MTND.
Nine-Month Performance
Over the first nine months of the year, the company's revenues showed a satisfactory increase of 11.1% to 16,151 MTND. Transported quantities also rose by 11.5% to 1,408,202 m3. The company's annual operating products benefited from a positive balance of 2,365 MTND in the positioning of litrage, compared to 0.969 MTND at the end of September 2024. In total, the company's revenues reached 15,516 MTND, up from 12,881 MTND the previous year.
Operating Expenses and Financial Products
Operating expenses totaled 7,028 MTND, compared to 6,943 MTND at the end of the third quarter of 2024. Financial products stood at 4,110 MTND.
Outlook and Recommendations
Considering the excellent first half of the year, which saw a net profit of 5,369 MTND, the company is heading towards a very good year. We expect a net result of around 9,500 MTND. Shareholders can be reassured about the recurrence of the dividend to be distributed. The Sotrapil title deserves to be in the portfolio funds for all those building a yield strategy.
Market Performance
On the market, the title has already achieved a gain of 59.15% since the beginning of the year, and we believe it still has potential in light of the published figures.
