City Cars stock revenue falls 14.2% through September 2026

Published on 11/09/2026 at 00:17 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

City Cars stock faces weaker revenue after the first nine months of 2026. Kia registrations rose, but financing costs increased and cash holdings edged lower.

Revenue Pressure Meets Stronger Kia Registrations

City Cars revenue declined through September 2026, while Kia registrations increased.
Higher financial charges weighed on the company as cash holdings edged lower year over year.
The company maintained its sales network at 22 locations and reported 99 employees.

CITY, TN0007550015, Illustration mit AI erstellt.

City Cars reported lower revenue for the first nine months of 2026 as the Tunisian automotive distributor navigated weaker sales value despite higher Kia registrations. Leconomiste Maghrebin reported on October 21, 2026, that revenue through September reached TND 232.918 million, down from TND 271.421 million a year earlier.

Revenue Falls Despite Kia Demand

The decline accelerated in the third quarter, when revenue fell to TND 67.664 million from TND 90.635 million in the same period of 2025. New Kia vehicle registrations reached 4,764 units in the first nine months, an increase of about 2 percent from a year earlier.

Financial pressure increased alongside the weaker revenue trend. Net financial expenses rose to TND 2.795 million through September from TND 1.948 million, while investment income decreased to TND 6.029 million from TND 7.151 million.

Cash And Operating Footprint

Net cash stood at TND 37.872 million on September 30, 2026, compared with TND 38.715 million a year earlier and TND 84.454 million at the end of 2025. City Cars attributed the negative impact on financial results, supplier payment terms and cash to the application of a March 26, 2026, central-bank circular.

The company had 99 employees at the end of September, compared with 97 a year earlier. Its supplier payment period shortened to 85 days from 110 days, while its operating network remained at 22 sales locations covering 25,152 square meters.

What City Cars Does

City Cars operates in Tunisia's automotive retail market, with its business tied to the sale and registration of Kia vehicles. The company reported 22 sales locations and a workforce of 99 people at the end of September 2026. Kia's Tunisian lineup includes passenger vehicles and electric SUVs such as the EV3 and EV9, according to the Kia Tunisia website. Its footprint gives the company a specialized position in Tunisia's branded vehicle distribution market.