City Cars stock reports weaker first half results

Published on 10/08/2026 at 02:50 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

City Cars stock faces weaker first-half figures as revenue fell to TND 165.46 million on September 9, 2026. Popular-car sales rose 24.8 percent.

CITY, TN0007550015, Illustration mit AI erstellt.

City Cars stock (ISIN TN0007550015) is tied to first-half revenue of TND 165.46 million for the period ended June 30, 2026, down from TND 180.95 million a year earlier. Zonebourse reported the half-year figures on September 9, 2026, identifying City Cars S.A. as the listed Kia distributor in Tunisia.

Revenue fell 8.6 percent

The revenue decline reflects a weaker conventional new-car business. City Cars generated TND 165.254 million in half-year sales, a decrease of 8.6 percent from TND 180.8 million in the comparable period.

According to Managers on September 10, 2026, sales of conventional passenger vehicles fell 13.2 percent to TND 129.160 million, while popular-car sales increased 24.8 percent to TND 29.695 million. The mix shows how the lower-priced segment cushioned the broader slowdown.

Net income declined 19.2 percent

Net income reached TND 13.984 million in the first half of 2026, compared with TND 17.3 million a year earlier. Tera Finances reported that EBITDA fell 18.7 percent to TND 17.5 million from TND 21.6 million, while the EBITDA margin declined to 10.6 percent from 11.9 percent.

The after-sales business provided a partial counterweight, with revenue increasing 11.2 percent to TND 5.2 million in the first half. City Cars also received TND 4.786 million in dividends from its investment portfolio, according to Managers.

Cash flow adds an investor checkpoint

The balance sheet changed materially during the semester. Tera Finances reported that supplier liabilities fell from TND 163.0 million at December 31, 2025, to TND 90.3 million at June 30, 2026, while gross financial debt rose from TND 0 to TND 13.3 million.

Operating cash flow was negative TND 53.6 million, compared with negative TND 12.8 million a year earlier. For investors, the key distinction is between lower earnings and the sharper working-capital cash drain, which followed the reduction in supplier financing.

City Cars remains a Tunis listing

City Cars S.A. operates through new-vehicle sales, spare parts and after-sales services under the Kia brand. The company is listed as CITY on the Bourse de Tunis, and the half-year report identifies June 30, 2026, as the latest reporting period.