BH Leasing, a leading Tunisian leasing company, has released its interim financial statements for the period ended June 30, 2026. The company's net profit for the first half of 2026 stood at 1.14 million dinars, representing a 62% increase from 706,000 dinars recorded during the same period in 2025. This growth is reflected in the company's earnings per share, which rose from 0.101 dinar to 0.163 dinar over the past year.
The company's total assets reached 346.5 million dinars as of June 30, 2026, up from 308.2 million dinars at the same time in 2025 and 335.4 million dinars at the end of 2025. The bulk of the company's assets are in the form of client receivables, which stood at 317.1 million dinars, up from 283.8 million dinars a year earlier. This growth in assets is a testament to the company's expanding operations.
BH Leasing's leasing revenue net of costs grew by 22.8% to 10.2 million dinars, up from 8.3 million dinars in the first half of 2025. This increase is primarily attributed to higher interest income and similar products, which rose from 20.1 million dinars to 22.8 million dinars, as well as increased investment income. However, the company also experienced higher net financial charges, which rose to 12.8 million dinars from 11.8 million dinars a year earlier.
The company's operating profit stood at 1.35 million dinars, up from 1.17 million dinars at the same time in 2025. The company's net provision for doubtful debts rose to 2.67 million dinars, up from 1.46 million dinars a year earlier. These developments reflect the company's efforts to manage its operations and provisioning.
BH Leasing's non-performing assets ratio stood at 12.55% as of June 30, 2026, down from 12.77% a year earlier and 11.69% at the end of 2025. The company's coverage ratio for these assets stood at 55.29%, up from 50.61% a year earlier and 55.96% at the end of 2025. This indicates a relatively stable asset quality.
The company's equity stood at 42.6 million dinars as of June 30, 2026, up from 40 million dinars a year earlier. The company's social capital remained unchanged at 35 million dinars, made up of 7 million shares. The company's debt, primarily composed of bank and bond loans, stood at 266.4 million dinars, up from 234.2 million dinars a year earlier.
During the period, BH Leasing mobilized 55 million dinars in new loans and repaid 43.1 million dinars. The company's cash flow from operations recorded a negative balance of 11.6 million dinars, down from a negative balance of 6.5 million dinars a year earlier. The company's closing cash balance stood at 10.9 million dinars, down from 12.2 million dinars at the end of 2025.
Key points
- BH Leasing's net profit rose 62% to 1.14 million dinars for the first half of 2026.
- The company's leasing revenue grew 22.8% to 10.2 million dinars.
- BH Leasing's non-performing assets ratio stood at 12.55% as of June 30, 2026.
