ASSAD reports revenue down 20.2 percent. AGM may authorize buyback of ASSAD stock

Published on 10/19/2026 at 02:24 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Exports fell 43.5 percent to TND 21.4 million in nine months. ASSAD stock has an October 30 AGM on its agenda.

Operating pressure and shareholder decisions

On October 17, 2026, nine-month revenue was TND 64 million.
Exports reached TND 21.4 million after a 43.5 percent decline.
ASSAD's annual general meeting is scheduled for October 30, 2026.

ASSAD, TN0007140015, Illustration mit AI erstellt.

ASSAD (TN0007140015) reported a 20.2 percent decline in revenue for the first nine months of 2026, while its gross margin stayed above 40 percent. African Manager reported the figures on October 17, 2026, as export sales fell and domestic demand remained comparatively stable.

Three milestones shape the story

According to IRBE7, ASSAD's timeline included an August 14, 2026, trading resumption tied to a TND 16.034 million customs settlement proposal, a September 28, 2026, review of one application for the Algerian subsidiary's listing, and the October 17, 2026, release of third-quarter indicators showing TND 64 million in nine-month revenue. The latest figure is the most important operating marker because it covers the period through September.

What does export pressure mean?

Export revenue fell to TND 21.4 million from TND 37.8 million a year earlier, a 43.5 percent decline, while local revenue reached TND 42.6 million, up 0.6 percent. The export setback was linked to regulatory constraints affecting Batteries ASSAD Algérie, whereas domestic sales provided a measurable counterweight.

Production also fell to 404,740 standard-battery equivalents in the first nine months from 593,314 a year earlier, down 31.8 percent. Yet the gross margin remained above 40 percent, suggesting that the immediate pressure is concentrated in volumes and geographic mix rather than a complete loss of operating profitability.

Which dates matter next?

The next dated markers are October 20, 2026, the legal deadline for third-quarter indicators among Tunis-listed companies, and October 30, 2026, when ASSAD's ordinary general meeting is scheduled. IRBE7 said the agenda covers progress on the Algerian listing and a possible authorization for a three-year share buyback and resale program.

Debt shifts toward working capital

Debt trends add a second dimension to the sales decline. Managers reported total debt of TND 71.680 million at the end of September, down 3.0 percent year over year, while medium- and long-term debt fell 36.5 percent to TND 9.217 million. Working-capital loans rose 5.2 percent to TND 62.462 million as the company built inventory for fourth-quarter demand.

Business profile remains focused

ASSAD designs, manufactures, distributes, and recycles lead starter batteries for automotive, marine, energy, industrial, information technology, and telecommunications uses, according to the company website. The October 30 meeting therefore links a near-term capital-markets decision with the group's effort to expand its Algerian platform while managing weaker exports.