SAM Records 8% Revenue Growth in Q2 2025, Compensating for Q1 Decline
SAM's revenue has seen an 8% increase in the second quarter of 2025, according to the company's activity indicators published on the Financial Market Council (FMC) website. This rebound has compensated for the 6% decline recorded in the first quarter, resulting in a 2% overall revenue growth for the first half of 2025 compared to the same period in 2024.
This upturn is primarily attributed to the strong performance of the local market, while export sales have significantly decreased. The decline is explained by an unfavorable base effect: in 2024, SAM had completed an exceptional operation in Libya, which accounted for 66% of the company's semi-annual revenue.
Despite the international decline, the group's consolidated revenue has grown by 4% in the first half of 2025, driven by a sustained dynamic in the domestic market. Another encouraging indicator is the confirmed order book, which stands at 3.5 million dinars as of the end of June, ensuring good visibility for the second half of the year.
On the other hand, investments have slowed down. As of the end of June 2025, their cumulative amount has decreased by 14% compared to the same period last year.
In terms of finances, the company's debt has increased by 49%, reaching 1.072 billion dinars. This increase is due to a recourse to stock financing (400 million dinars) aimed at preserving cash flow and honoring delivery commitments for the second half of the year.
