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Ennakl Automobiles Sees 2% Revenue Rise in Q1 2026
Ennakl Automobiles reported a modest 2 % increase in first‑quarter sales, bringing revenue to 111.2 billion MDL. While cash reserves fell sharply, the company’s earnings remain resilient amid tighter import‑financing rules from the Central Bank. The firm estimates no immediate adverse impact, citing an exemption for pre‑approved import deals.
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Ennakl Automobiles, a leading player in Tunisia’s automotive sector, released its Q1 2026 financial indicators today.
Financial Highlights
- Revenue: 111.171 MDL, up 2 % from 108.867 MDL in Q1 2025.
- Net cash position: 17.459 MDL at March 31 2026, compared with 26.222 MDL a year earlier.
- Financial expenses: 1.461 MDL, a jump from 0.361 MDL in 2025, driven mainly by discount operations.
- Salaries: 5.803 MDL, down from 6.702 MDL in 2025.
Regulatory Context
On 26 March 2026, the Central Bank of Tunisia issued Circular #2026‑04 targeting non‑priority import financing, imposing restrictions on vehicle imports. The company’s management believes no significant immediate effect has manifested yet, though it remains cautious about liquidity.
Ennakl notes that the circular includes an exemption for pre‑approved import operations whose execution commenced prior to the regulation’s effective date, which mitigates short‑term impact.
Outlook
The group will continue monitoring the situation and seek further clarification from banks and regulators on the application of the new rules.