Exceptional Results for SPDIT-SICAF, SFBT Group’s Asset Management Subsidiary
SPDIT-SICAF, the asset management subsidiary of the SFBT Group, has once again delivered exceptional financial results. Its financial statements for the first half of 2026 confirm a highly efficient profit engine. Net income rose by 17.6% year-on-year to reach 29.182 million Tunisian Dinars (MDT).
Operating revenue totaled 32.126 MDT, driven primarily by a substantial inflow of dividends from unlisted equity holdings (18.741 MDT), largely sourced from the Group’s subsidiaries. This was complemented by 2.383 MDT in dividends from listed investments and capital gains from disposals, which surged to 5.421 MDT. This increase was fueled by an active trading strategy on stocks such as Attijari Bank, Sotetel, Monoprix, CIL, and Attijari Leasing, benefiting from a market in a state of euphoria.
In the area of monetary placements, revenue declined slightly to 2.546 MDT (compared to 2.865 MDT a year earlier). Reversals of prior provisions amounted to 2.919 MDT. The first six months were notably marked by the absence of any provisions for the impairment of securities. Consequently, operating profit stood at 31.112 MDT.
The portfolio manager holds a significant reservoir of latent capital gains valued at 52.771 MDT, while the acquisition cost of these shares is only 9.936 MDT. This substantial spread is no accident; it is the result of rational stock selection and a long-term investment philosophy.
Once again, SPDIT-SICAF reinforces its status as a unique financial entity on the local market. Undoubtedly, this stock has established itself as one of the pillars of stock market performance, and its scarcity makes it a top-tier investment.
