Carthage Cement stock sees Q3 revenue rebound as debt falls

Published on 11/09/2026 at 01:26 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Carthage Cement stock enters the final quarter after stronger third-quarter sales and higher clinker output. Debt reduction also featured in the update.

Growth returns unevenly

Third-quarter activity improved, although revenue for the first nine months remained below the prior-year level.
Clinker production and ready-mix concrete gained, while cement output and exports weakened over nine months.
Lower debt gives investors a second operating indicator as the company enters the final quarter.

CC, TN0007400013, Illustration mit AI erstellt.

Carthage Cement returned to quarterly revenue growth in the third quarter of 2026, according to business indicators published on October 22 and reviewed by African Manager. Revenue reached TND 105.8 million, up from TND 102.8 million in the same quarter of 2025.

Quarterly recovery remains incomplete

The improvement did not yet reverse the nine-month trend. Revenue for the first nine months of 2026 stood at TND 278.8 million, 3 percent below the TND 286.4 million recorded a year earlier. The figures point to a stronger third quarter within a still softer year-to-date performance.

Production trends were mixed. Clinker production rose 13 percent to 1.074 million tons by the end of September, while third-quarter production increased 49 percent year on year to 344,751 tons. Cement production for the first nine months declined 4 percent to 1.21 million tons.

Exports and domestic demand diverge

Domestic cement and clinker revenue fell 3 percent over the first nine months to TND 200.8 million. The decline narrowed to 1 percent in the third quarter, although the report described domestic market activity as stagnant and demand as weaker.

Export revenue decreased 9 percent to TND 47.9 million by the end of September, but exports grew 2 percent in the third quarter. Aggregates and ready-mix concrete provided more supportive contributions: aggregates revenue increased 6 percent over nine months to TND 20.1 million, while ready-mix concrete revenue climbed 21 percent to TND 10 million.

Debt reduction remains a focus

Total debt stood at TND 244.5 million on September 30, down 15 percent from a year earlier and below the TND 285 million recorded at the end of 2025. Bank investments and placements fell by half to TND 20.3 million. Investment remained broadly stable at TND 30.4 million.

Construction materials producer

Carthage Cement produces and sells aggregates from the Jebel Ressas site, ready-mix concrete and hydraulic binders, including cement. Its published operating capacities are 12,800 tons of aggregates per day, 6,800 tons of cement per day and 2,600 cubic meters of ready-mix concrete per day. The company is based in Tunis, Tunisia, and serves domestic construction demand while also generating export revenue.