SFBT Reports Strong H1 2026 Financial Results: Revenue Up 6%, Net Profit Reaches 185.1 MDT Amid Strategic Cost Optimization

The Tunisian Beverage Manufacturing Company (SFBT) has released its interim financial statements for the period ending June 30, 2026, highlighting robust top-line growth, disciplined cost management, and sustained profitability.

Revenue & Sales Performance

Half-year revenues climbed to 379.281 MDT, marking a 6% year-on-year increase. This growth was primarily driven by sales of manufactured products—chiefly beer and carbonated beverages—which totaled 346.833 MDT. Sales of goods resold as-is accounted for 25.168 MDT.

Cost Management & Operating Profit

Consumed supplies reached 183.430 MDT. Notably, subcontracting expenses were streamlined to 26.914 MDT, a significant reduction from 64.557 MDT a year earlier, following a strategic shift in the canning business model with its subsidiary, SEABG.

Thanks to tight control over operating costs, which rose by just 2.3% to 286.927 MDT, operating profit surged by 19.5% to 96.055 MDT.

Investment Income & Net Profit

True to its positioning as an agri-food holding company, SFBT recorded 106.532 MDT in investment income, including 103.20 MDT in direct dividends from its subsidiaries and strategic stakes. This contributed to a net profit of 185.067 MDT as of June 2026, up from 169.637 MDT in the same period last year.

Regulatory & Tax Developments

The company also provided updates on several ongoing administrative and legal matters:

Tax Assessments: Two imposed tax rulings (36.026 MDT for the 2019 in-depth audit and 9.335 MDT for the 2017 audit) are currently under judicial review, with hearings scheduled for October 2026. SFBT has opted for structured payment plans to qualify for penalty amnesty.
Ongoing Audit: A comprehensive tax review covering the 2021–2024 fiscal periods is currently underway.
Competition Authority Appeal: SFBT has filed an appeal against a May 2024 first-instance ruling by the Competition Council, which imposed a fine of 12.995 MDT (19.985 MDT group-wide).
Customs Settlement: A conciliation agreement has been reached with customs authorities to settle an 11.517 MDT penalty related to the repatriation of export revenues (2000–2024), with payments structured in regular installments.

Outlook

These regulatory developments do not detract from the strength of SFBT’s published figures. Once again, the company reaffirms its proven ability to enhance profitability and navigate economic headwinds with resilience, strategic foresight, and operational discipline.

Note: All financial figures are reported in Million Tunisian Dinars (MDT). SFBT continues to demonstrate consistent value creation for shareholders and stakeholders across the Tunisian agri-food and beverage sector.