Delice Holding stock in focus after investment accelerates
Published on 11/09/2026 at 00:35 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSInvestment and cash position
- Delice Holding reported modest revenue growth for the first nine months of 2026 as drinks, mineral water, cheese and fresh dairy supported sales.
- Heavy capital spending is expanding production capacity while the group moves from net debt to positive net cash.
Delice Holding reported consolidated nine-month 2026 revenue of 1,153.5 million Tunisian dinars and a stronger financial position, according to IRBe7. The report was published on Wednesday, October 21, 2026, and covers the period through September 30.
Revenue growth stays measured
Sales rose modestly, with beverages, the new mineral-water unit, cheese and fresh dairy products supporting the business. Tunisia generated nearly 98 percent of revenue, while exports remained smaller but grew faster than the domestic business.
Valued production increased to 1,177.2 million dinars. A positive 16.4 million dinar change in finished-goods inventories will be a point to watch when the annual accounts are released.
Investment reshapes the balance sheet
Capital expenditure reached 84.4 million dinars, compared with 32.5 million dinars a year earlier. Spending focused on the new mineral-water facility, production expansion, automation and environmental projects.
Despite the investment push, Delice Holding reported positive net cash of 42.4 million dinars at September 30, versus net debt of 47.4 million dinars a year earlier. Medium- and long-term debt increased year over year as the investment program progressed, although it stood below the level recorded at the end of 2025.
The Tunisian market backdrop is covered in current market reports.
Further company coverage is available in more news and analyses on Delice Holding stock.
Business and competitive position
Delice Holding is a Tunisian food group focused on milk, dairy products, cheese, beverages and mineral water. Its operations are centered on the domestic market, with manufacturing facilities across Tunisia and headquarters in Tunis. The company describes Delice as Tunisia's leading dairy brand, giving it a broad local position alongside diversified food groups such as Poulina Group Holding and SFBT.
Delice Holding at a glance
- Company: Delice Holding
- ISIN: TN0007670011
- Ticker: DH
- Market: Tunisian market
- Business: Dairy products, cheese, beverages and mineral water
- Reporting period: Nine months ended September 30, 2026
