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Net result: SITAB recorded more than 8 billion CFA francs in the first half of 2025

19/11/2025
Source : ORISHAS FINANCE
Categories: Companies

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The direction of the Société Ivoirienne des Tabacs (SITAB) has made public the company's activity report. It should be noted that at first half of 2025, SITAB's activity increased sharply by 8,416 billion FCFA its net income compared to the first half of 2024.

Based on the report, the net income of the first Half of 2025 amounted to 18.062 billion FCFA against 9.646 billion FCFA FCFA as of June 30, 2024, i.e. an increase of 87.25% in relative value. The number The company's turnover increased by 42% to 131 billion FCFA against 92.332 billion FCFA in the first half of 2024.

According to the management of SITAB, sales volumes in the first half of 2025 show a slight increase of 2% compared to same period in the year 2024. They are respectively at 3.630 billion stems and 3.559 billion stems.

According to company officials from tobacco, “this low growth in volume is nevertheless still a good performance, because it intervenes in a context where our Fine brand is 50% more expensive than between January and May 2024” They add that in January 2025, the FINE DUO price increased from 1,000 to 1,500 FCFA, following the increase excise duties that occurred during the same period, rising from 147 FCFA to 280 FCFA per pack.

The company's management also reported that “this increase in the price of FINE DUO has greatly hampered its growth, but it has benefited the other references of the FINE brand.”

Operating income is increasing of nearly 10 billion, standing at 22.649 billion FCFA against 12.670 billion FCFA as of June 30, 2024. The financial result shows a balance positive of 943 million FCFA against a positive balance of 264 million FCFA in the first half of 2024. Earnings before taxes increased by 82.40% with an achievement of 24 billion FCFA against 13 billion FCFA at June 30, 2024.

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