Poulina Group Holding Unveils Robust Results, Confirming Resilience and Controlled Growth Strategy
Despite a slight 0.9% decline in revenue, reaching 3,448 million dinars (MDT), the group demonstrated a significant improvement in its net profitability.
The consolidated net result jumped by 25%, establishing itself at 162.1 MDT, while the EBITDA progressed by 11.6%, reaching 612.4 MDT. These figures testify to PGH's ability to optimize its operations and control its costs, even in a demanding economic context.
Key Performance Factors and Investments
This financial performance was primarily driven by increased control over variable costs and industrial process optimization. In 2024, Poulina Group Holding invested 230 MDT, targeting the development of industrial capacities, energy efficiency, and strategic growth in its core businesses. Notable projects include the expansion of MEDOIL, the construction of a new brick factory in Kef, and the installation of photovoltaic power plants on its sites.
Strengthened Financial Structure
Rigorous management also enabled PGH to strengthen its financial structure. The gearing ratio improved, moving from 147% to 129%, and the Net Debt-to-EBITDA ratio decreased from 2.9x to 2.4x. This reduction in net debt and the reinforcement of self-financing capacity, along with a controlled management of working capital requirements (WCR), illustrate the group's vigilance over its liquidity and operational efficiency. As Mahjoub Langar, CEO of PGH, highlighted, "It's a managed WCR that illustrates permanent vigilance over liquidity and operational efficiency."
Social and Environmental Commitment at the Heart of the Strategy
Poulina Group Holding affirms itself as a responsible and citizen-oriented company. In 2024, the group reused 5,456 cubic meters of wastewater in its processes, equipped five sites with photovoltaic installations (bringing the total to 31 sites), saved 18,000 tons of oil equivalent, and reduced its emissions by 4,500 tons. The group is accelerating its low-carbon approach, with 44 activities analyzed on scopes 1 and 2, and working on the carbon footprint of its exported products in view of European certifications.
On the social front, PGH remains a major job creator, with 13,700 direct jobs and around 1,000 annual recruitments. It emphasizes its inclusion policy, continuous training, workplace safety, and social initiatives carried by the Poulina Foundation.
Enhanced Governance and Future Prospects
The group's governance is also reinforced by a structured risk management system, set up in 2024. After a 2024 year marked by resilience and rigor, PGH approaches 2025 with ambition, determination, and a clear vision: to consolidate a sustainably performing group, deeply responsible, and creating value for all.
