SIAME Releases Interim Financial Statements for 2025
The Industrial Company for Electrical Equipment and Materials - SIAME - has finally published its interim financial statements for 2025, accompanied by the report of the new auditors. The first half of the year ended with a net profit of 1,720 million Tunisian dinars (Mtnd), almost stable compared to the same period in 2025.
Key Financial Highlights
- Revenues for the period reached 22,643 Mtnd, representing a 2.2% annual increase.
- Operating income stood at 3,089 Mtnd, a 10.2% improvement over the same period last year.
- EBITDA totaled 3,769 Mtnd, compared to 3,442 Mtnd at the end of June 2024.
- This resilience is attributed, among other things, to the strategy implemented by SIAME, which reflects the increase in raw material and component prices on the selling prices of finished products, if the increase exceeds 2%.
Financial Charges and Debt
The company incurred financial charges of 1,137 Mtnd, explained by a more intensive use of short-term bank debt. Bank loans and other financial liabilities increased from 12,451 Mtnd in mid-2024 to 15,832 Mtnd a year later.
Auditor's Report
The most anticipated aspect was the conclusion of the new auditors' report, which is positive, although it is a limited review. The report states that it "did not reveal any facts that lead us to believe that the interim financial statements do not faithfully present, in all material respects, the company's financial position as of June 30, 2025, as well as its financial performance and cash flows for the period ended on that date." This should give a boost to the stock price when the market opens today.
