SIAME Reports Significant Revenue Growth in Q3 2025
The Société industrielle d'appareillage et de matériels électriques (SIAME) has announced its financial results for the third quarter of 2025, with revenues reaching 12,751 MTND, representing a 32.0% increase compared to the same period in 2024.
Key Highlights
- Export sales surged by 40.9% to 4,795 MTND, driven by strong demand from international markets.
- Local market sales improved by 27.1% to 7,956 MTND, supported by increased demand from public operators, particularly the Société tunisienne de l'électricité et du gaz, which saw a 61.7% year-over-year increase.
- However, the private sector continued to show signs of sluggishness, with sales declining by 4.4% compared to 2024.
Year-to-Date Performance
Since the beginning of the year, SIAME has maintained the same trends, with total revenues reaching 35,395 MTND, up from 32,569 MTND in the previous year.
Investments and Debt
- Investments totaled 1,579 MTND as of September 2025, comprising:
- 0,712 MTND in intangible investments
- 0,468 MTND in equipment
- 0,400 MTND in financial investments
- Bank debt increased from 19,223 MTND in the first nine months of 2024 to 21,711 MTND a year later, primarily due to short-term financing (21,061 MTND) to support higher production and increased working capital needs.
Market Performance
The company's stock has been volatile, alternating between upward and downward trends, reflecting governance issues. However, normal operational activity is expected to calm investor concerns. Despite a -29.89% decline in the stock's value since the beginning of the year, these financial results should provide a short-term boost.
