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Review pending. Every figure has been located on its cited source page in an AI-assisted source verification (matched to the document's text) (16 October 2026). Independent review has not yet been carried out, and these pages are not indexed.AI-assisted source check done; independent review pending; not indexed. About the review

SOTIPAPIER

STPAP · Bourse de Tunis · Consolidated statements

On this page
Company details
Legal name
Société Tunisienne Industrielle du Papier et du Carton
Listing
STPAP on the Bourse de Tunis, active · ISIN TN0007630015 (observed 2026-10-08)
Sector
Not classified (our classification from the stated principal activity)
Financial year ends
31 December

Overview

Year ended 31 December 2025 · audited financial statements, final status not established · source

Read with these figures

  • Audited financial statements not confirmed as final. The published copy is unsigned. The FY2025 figures come from it.
  • Auditor's emphasis of matter. Observation: 'Nous attirons votre attention sur le point décrit au niveau de la note VI.10 aux états financiers se rapportant au contrôle fiscal à l'encontre de la société SOTIPAPIER.
Full wording and sources

  • Audited financial statements for 2025: final status not established

    The exchange's published notice (Avis des sociétés) reproduces the commissaires aux comptes' report on the consolidated statements dated 'Tunis, le 25 mai 2026' (PDF p30), closed with the auditors' printed names and no signature (Les Commissaires aux Comptes Associés - M.T.B.F, Mohamed Lassaad BORJI; Tunisie Audit et Conseil, Wassim CHAKROUN; PDF p34, page image). No board approval date is printed; p1 says the statements are published 'tels qu'ils seront soumis à l'approbation de l'Assemblée Générale Ordinaire'.

    Source: Avis des sociétés — Etats financiers consolidés, Société Tunisienne Industrielle du Papier et du Carton - SOTIPAPIER, arrêtés au 31 décembre 2025 (dated 2026-05-25)

  • Auditor's emphasis of matter

    Observation: 'Nous attirons votre attention sur le point décrit au niveau de la note VI.10 aux états financiers se rapportant au contrôle fiscal à l'encontre de la société SOTIPAPIER. Notre opinion n'est pas modifiée à l'égard de ce point.' (p31). The note (p10) reports a tax reassessment notified on 5 March 2026 for 2021-2024 claiming 6.306.606 DT (principal and interest) and revising the 2024 corporate tax credit from 3.142.827 DT to 1.892.049 DT; the company filed an objection on 20 April 2026.

    Source: Avis des sociétés — Etats financiers consolidés, Société Tunisienne Industrielle du Papier et du Carton - SOTIPAPIER, arrêtés au 31 décembre 2025 (dated 2026-05-25)

  • Revenue

    TND 105 million

    104,810,256 TND units · p4

    −5.6% vs 2024

  • Operating profit / (loss)

    −TND 3.89 million

    (3,893,860) TND units · p4

    Moved from profit to loss (FY2024: 6 996 776 TND units)

  • Profit / (loss) for the year

    −TND 11.7 million

    (11,699,028) TND units · p4

    Moved from profit to loss (FY2024: 3 129 914 TND units)

  • Total assets

    TND 128 million

    127,594,859 TND units · p2

    −8.6% vs 2024

  • Total equity

    TND 56.6 million

    56,554,041 TND units · p3

    −17.6% vs 2024

  • Cash from operations

    TND 11.4 million

    11,359,829 TND units · p5

    +7.2% vs 2024

Large amounts are rounded for reading (TND million / billion / trillion); exact figures as printed are under each amount and in the tables. No currency conversion.

Financial statements

Exact figures as printed. Each column comes from one filing; labels are as printed in the newest filing. Amounts in TND units unless the row says otherwise; brackets are negative.

† from a supplementary filing for the same year · ‡ signed audited statements preferred over a disputed figure · “–” is a printed dash, explained below the table

Column sources

  • FY2025 — audited financial statements, final status not established; reported for the year · source
  • FY2024 — audited financial statements, final status not established; comparative in the FY2025 filing · source

Income statement

Income statement, TND units. Columns: FY2025 — audited financial statements (final status not established), as reported for the year; FY2024 — audited financial statements (final status not established), comparative reported in the audited financial statements for 2025.
Line (as printed) FY2025Audited financial statementsreported for the yearFY2024Audited financial statementscomparative in FY2025 filing
Revenus 104,810,256 111,070,915
Autres produits d'exploitation 264,818 158,434
Total des produits d'exploitation1 105,075,074 111,229,349
Variation des stocks de produits finis2 3,241,699 554,156
Achats de matières premières consommés3 (42,209,207) (39,109,381)
Achats d'approvisionnements consommés4 (33,417,930) (33,123,290)
Charges de personnel (13,483,551) (13,031,004)
Dotations aux amortissements et aux provisions5 (14,429,891) (11,076,808)
Autres charges d'exploitation (8,670,054) (8,446,246)
Total des charges d'exploitation6 (108,968,934) (104,232,573)
Résultat d'exploitation (3,893,860) 6,996,776
Charges financières nettes7 (7,961,373) (5,255,616)
Produits des placements8 40,865 48,982
Autres gains ordinaires9 460,251 2,741,930
Autres pertes ordinaires10 (63,470) (42,982)
Résultat des activités ordinaires avant (11,417,587) 4,489,090
Impôt sur les bénéfices (222,837) (1,359,176)
Résultat des activités ordinaires après11 (11,640,424) 3,129,914
Résultat net de l’exercice12 (11,640,424) 3,129,914
Eléments extraordinaires (Pertes)13 (58,604) –14
Résultat net de l’exercice après élément (11,699,028) 3,129,914
Intérêts des minoritaires15 –16 19,448
  1. Printed “-”, read as nil: subtotal_arithmetic: is.profit_for_year.
  2. Printed “-”; reading unresolved, so no amount is shown. Printed dash; no printed subtotal confirms a nil reading.
Notes and alternative reported figures (14)
  1. “Total des produits d'exploitation” is an issuer-specific line, not mapped to a shared definition: Printed total of operating income (note IX.1).
  2. “Variation des stocks de produits finis” is an issuer-specific line, not mapped to a shared definition: Change in finished-goods inventories.
  3. “Achats de matières premières consommés” is an issuer-specific line, not mapped to a shared definition: Raw materials consumed (note IX.2).
  4. “Achats d'approvisionnements consommés” is an issuer-specific line, not mapped to a shared definition: Other supplies consumed (note IX.3).
  5. “Dotations aux amortissements et aux provisions” is an issuer-specific line, not mapped to a shared definition: Depreciation, amortisation and provisions (note IX.5).
  6. “Total des charges d'exploitation” is an issuer-specific line, not mapped to a shared definition: Printed total of operating charges.
  7. “Charges financières nettes” is an issuer-specific line, not mapped to a shared definition: Net financial charges (note IX.7).
  8. “Produits des placements” is an issuer-specific line, not mapped to a shared definition: Income from investments (note IX.8).
  9. “Autres gains ordinaires” is an issuer-specific line, not mapped to a shared definition: Other ordinary gains (note IX.9).
  10. “Autres pertes ordinaires” is an issuer-specific line, not mapped to a shared definition: Other ordinary losses (note IX.10).
  11. “Résultat des activités ordinaires après” is an issuer-specific line, not mapped to a shared definition: Result of ordinary activities after tax.
  12. “Résultat net de l’exercice” is an issuer-specific line, not mapped to a shared definition: Net result before extraordinary items, as printed.
  13. “Eléments extraordinaires (Pertes)” is an issuer-specific line, not mapped to a shared definition: Extraordinary losses (2024 printed '-').
  14. “Intérêts des minoritaires” is an issuer-specific line, not mapped to a shared definition: Share of the result attributable to minority interests (2025 printed '-').

Balance sheet

Balance sheet, TND units. Columns: FY2025 — audited financial statements (final status not established), as reported for the year; FY2024 — audited financial statements (final status not established), comparative reported in the audited financial statements for 2025.
Line (as printed) FY2025Audited financial statementsreported for the yearFY2024Audited financial statementscomparative in FY2025 filing
VIII.11 4,099,922 4,622,785
VIII.2 128,930 227,542
VIII.3 66,315,894 65,133,522
VIII.42 1,950,600 1,814,725
Total des actifs immobilisés3 72,495,346 71,798,574
Frais préliminaires4 –5 5,734
Total des actifs non courants 72,495,346 71,804,308
VIII.5 36,125,260 35,184,317
VIII.6 11,957,787 25,795,300
VIII.76 5,619,211 4,997,198
Placements et autres actifs financiers 458,628 514,177
Liquidités et équivalents de liquidités 938,627 1,355,177
Total des actifs courants 55,099,513 67,846,169
Total des actifs 127,594,859 139,650,477
Capital 30,511,727 30,720,659
Réserves consolidées7 25,648,595 23,296,253
Prime d’émission 11,077,791 11,153,591
Autres capitaux propres8 1,014,956 1,203,812
Actions propres9 –10 (868,554)
Résultat consolidé de l'exercice11 (11,699,028) 3,110,466
Total capitaux propres (part du groupe) 56,554,041 68,616,227
Part des minoritaires dans les capitaux propres12 –13 (30,818)
Part des minoritaires dans le résultat de l'exercice14 –13 19,448
Intérêts minoritaires –15 (11,370)
Total capitaux propres consolidés 56,554,041 68,604,857
Emprunt à long terme 15,359,619 20,161,973
Provision pour risques et charges16 4,047,511 2,566,417
Total des passifs non courants 19,407,130 22,728,390
Fournisseurs et comptes rattachés 10,498,671 12,090,954
Autres passifs courants17 4,713,275 3,397,107
Concours bancaires et autres passifs financiers18 36,421,742 32,829,169
Total des passifs courants 51,633,688 48,317,230
Total des passifs 71,040,818 71,045,620
Total des capitaux propres et des passifs 127,594,859 139,650,477
  1. Printed “-”, read as nil: subtotal_arithmetic: bs.non_current_assets.
  2. Printed “-”, read as nil: subtotal_arithmetic: bs.equity_attributable_to_owners.
  3. Printed “-”, read as nil: subtotal_arithmetic: bs.non_controlling_interests.
  4. Printed “-”, read as nil: subtotal_arithmetic: bs.total_equity.
Notes and alternative reported figures (14)
  1. “VIII.1” is an issuer-specific line, not mapped to a shared definition: Goodwill net of amortisation and provisions (note VIII.1).
  2. “VIII.4” is an issuer-specific line, not mapped to a shared definition: Financial fixed assets net of provisions (note VIII.4).
  3. “Total des actifs immobilisés” is an issuer-specific line, not mapped to a shared definition: Printed subtotal of fixed assets, before preliminary expenses.
  4. “Frais préliminaires” is an issuer-specific line, not mapped to a shared definition: Preliminary expenses (2025 printed '-').
  5. “VIII.7” is an issuer-specific line, not mapped to a shared definition: Other current assets net of provisions (note VIII.7).
  6. “Réserves consolidées” is an issuer-specific line, not mapped to a shared definition: Consolidated reserves.
  7. “Autres capitaux propres” is an issuer-specific line, not mapped to a shared definition: Other equity (investment grants).
  8. “Actions propres” is an issuer-specific line, not mapped to a shared definition: Own shares held, deducted from equity (2025 printed '-').
  9. “Résultat consolidé de l'exercice” is an issuer-specific line, not mapped to a shared definition: Consolidated result for the year, group share, within equity.
  10. “Part des minoritaires dans les capitaux propres” is an issuer-specific line, not mapped to a shared definition: Minority share of equity before the year's result (2025 printed '-').
  11. “Part des minoritaires dans le résultat de l'exercice” is an issuer-specific line, not mapped to a shared definition: Minority share of the year's result (2025 printed '-').
  12. “Provision pour risques et charges” is an issuer-specific line, not mapped to a shared definition: Non-current provisions for risks and charges (note VIII.12).
  13. “Autres passifs courants” is an issuer-specific line, not mapped to a shared definition: Other current liabilities (note VIII.14).
  14. “Concours bancaires et autres passifs financiers” is an issuer-specific line, not mapped to a shared definition: Bank overdrafts, current portion of loans and other current financial liabilities (note VIII.15).

Cash flow

Cash flow, TND units. Columns: FY2025 — audited financial statements (final status not established), as reported for the year; FY2024 — audited financial statements (final status not established), comparative reported in the audited financial statements for 2025.
Line (as printed) FY2025Audited financial statementsreported for the yearFY2024Audited financial statementscomparative in FY2025 filing
Résultat net1 (11,699,028) 3,129,914
(+) Amortissements et provisions2 14,429,889 11,076,808
(-) Résorption subvention d'investissement3 (188,855) (112,555)
(-) Plus-value sur cession d'immobilisations4 (24,000) (2,537)
* Stocks5 (1,121,359) (1,931,096)
* Créances6 10,900,094 (5,093,094)
* Autres actifs et prêts au personnel7 (688,492) (652,887)
* Fournisseurs et autres dettes8 (1,592,283) 4,913,928
* Autres passifs9 1,343,863 (728,739)
Flux de trésorerie provenant de l'exploitation 11,359,829 10,599,742
Décaissements liés à l'acquisition des immobilisations10 (9,438,733) (10,020,319)
Encaissements provenant de la cession des immobili-11 24,000 20,000
Décaissements liés à l’acquisition des immobilisations12 (135,875) (4,548,775)
Flux de trésorerie affectés aux activités (9,550,608) (14,549,094)
Décaissements liés à l'acquisition des actions Propres13 (162,932) (868,554)
Encaissement d’emprunts 87,500,000 84,946,000
Remboursement d'emprunts (94,127,025) (72,929,344)
Distribution des dividendes –14 (8,967,557)
Flux de trésorerie provenant des (affectés aux) (6,789,957) 3,251,687
Variation de trésorerie (4,980,736) (697,665)
Incidence des variations de périmètre de con-15 –16 129,817
Trésorerie au début de l'exercice 509,944 1,077,792
Trésorerie à la clôture de l'exercice (4,470,792) 509,944
Encaissement / Subvention d’investissement17 Not reported in this filing18 1,071,142
  1. Printed “-”, read as nil: subtotal_arithmetic: cf.cash_from_financing.
  2. Printed “-”; reading unresolved, so no amount is shown. Printed dash; no printed subtotal confirms a nil reading.
Notes and alternative reported figures (16)
  1. “Résultat net” is an issuer-specific line, not mapped to a shared definition: Net result opening the cash-flow statement (2025 after the extraordinary item; 2024 including minorities).
  2. “(+) Amortissements et provisions” is an issuer-specific line, not mapped to a shared definition: Non-cash depreciation and provisions added back.
  3. “(-) Résorption subvention d'investissement” is an issuer-specific line, not mapped to a shared definition: Investment grant released to income, deducted.
  4. “(-) Plus-value sur cession d'immobilisations” is an issuer-specific line, not mapped to a shared definition: Gains on disposals, deducted.
  5. “* Stocks” is an issuer-specific line, not mapped to a shared definition: Change in inventories.
  6. “* Créances” is an issuer-specific line, not mapped to a shared definition: Change in receivables.
  7. “* Autres actifs et prêts au personnel” is an issuer-specific line, not mapped to a shared definition: Change in other assets and staff loans.
  8. “* Fournisseurs et autres dettes” is an issuer-specific line, not mapped to a shared definition: Change in suppliers and other payables.
  9. “* Autres passifs” is an issuer-specific line, not mapped to a shared definition: Change in other liabilities.
  10. “Décaissements liés à l'acquisition des immobilisations” is an issuer-specific line, not mapped to a shared definition: Purchases of property, plant and equipment and intangibles, one line.
  11. “Encaissements provenant de la cession des immobili-” is an issuer-specific line, not mapped to a shared definition: Proceeds from disposals of tangible and intangible assets, one line.
  12. “Décaissements liés à l’acquisition des immobilisations” is an issuer-specific line, not mapped to a shared definition: Purchases of financial fixed assets.
  13. “Décaissements liés à l'acquisition des actions Propres” is an issuer-specific line, not mapped to a shared definition: Purchases of own shares.
  14. “Incidence des variations de périmètre de con-” is an issuer-specific line, not mapped to a shared definition: Effect of changes in the consolidation scope on cash, printed after 'Variation de trésorerie' (2025 printed '-').
  15. “Encaissement / Subvention d’investissement” is an issuer-specific line, not mapped to a shared definition: Investment grants received (2025 cell blank).
  16. Not reported in this filing: Not printed for 2025: the line 'Encaissement / Subvention d’investissement' carries a 2024 amount (1 071 142) only; the 2025 column is left blank (p5, checked on the page image).

Per share and shares

Per share and shares. Columns: FY2025 — audited financial statements (final status not established), as reported for the year; FY2024 — audited financial statements (final status not established), comparative reported in the audited financial statements for 2025.
Line (as printed) FY2025Audited financial statementsreported for the yearFY2024Audited financial statementscomparative in FY2025 filing
Profit / (loss) attributable to shareholders (TND units)1 (11,699,028) 3,110,466
Notes and alternative reported figures (1)
  1. Profit / (loss) attributable to shareholders: printed as “Résultat net revenant à la société”.

Segments

Segment data not yet collected for this company in the pilot.

Dividends

Proposed or recommended, declared and paid are different events and are kept apart. A statement that no dividend was proposed does not mean none was paid.

Dividend events, the issuer's wording, and amounts as printed
Year endedEventWording as printedAmountUnitSource
31 Dec 2025 Dividends paid (cash flow statement) Distribution des dividendes 0printed “–”, read as nil TND units Audited financial statements, p5
31 Dec 2024 Dividends paid (cash flow statement) Distribution des dividendes (8,967,557) TND units Audited financial statements, p5

Sources

Each filing used on this page, newest period first. Dates are the document's own; the date we retrieved a file is shown separately and is never a publication date.

  • Avis des sociétés — Etats financiers consolidés, Société Tunisienne Industrielle du Papier et du Carton - SOTIPAPIER, arrêtés au 31 décembre 2025

    Year ended 31 December 2025 · Audited financial statements · final status not established

    Audit: Les Commissaires aux Comptes Associés - M.T.B.F (Mohamed Lassaad Borji); Tunisie Audit et Conseil (Wassim Chakroun), unmodified opinion

    Auditor's sign-off: Mohamed Lassaad BORJI (M.T.B.F); Wassim CHAKROUN (Tunisie Audit et Conseil) — names printed, no signature

    Final status: The exchange's published notice (Avis des sociétés) reproduces the commissaires aux comptes' report on the consolidated statements dated 'Tunis, le 25 mai 2026' (PDF p30), closed with the auditors' printed names and no signature (Les Commissaires aux Comptes Associés - M.T.B.F, Mohamed Lassaad BORJI; Tunisie Audit et Conseil, Wassim CHAKROUN; PDF p34, page image). No board approval date is printed; p1 says the statements are published 'tels qu'ils seront soumis à l'approbation de l'Assemblée Générale Ordinaire'.

    Document date
    25 May 2026
    Auditor's report
    25 May 2026
    Board approval
    date not recorded
    Retrieved by us
    8 Oct 2026 (not a publication date)
    Used for
    statement columns FY2025, FY2024
    Basis
    consolidated statements · TND units (printed “Exprimé en Dinar Tunisien”)
    • 'Résultat net' opening the cash-flow statement is the result after the extraordinary item for 2025 (<11 699 028>) and the total result including minorities for 2024 (3 129 914) (p5).
    • Asset lines print gross, less amortisation/provisions, and the net amount on a row labelled only by its note reference (VIII.1 to VIII.7) (p2). Closing cash in the cash-flow statement (<4 470 792>) is net of bank overdrafts within 'Concours bancaires et autres passifs financiers', which is not split on the face (p3, p5); the checks comparing cash-flow cash with balance-sheet Liquidités (938 627; 2024: 1 355 177) therefore fail by construction.
    • The cash-flow statement prints 'Incidence des variations de périmètre de consolidation' (2024: 129 817) after 'Variation de trésorerie'; opening cash plus the change plus this line gives closing cash (2024: 1 077 792 - 697 665 + 129 817 = 509 944) (p5). The standard closing-cash check, which has no place for a scope effect, therefore fails for 2024 (computed 380 127); the printed figures are consistent.
    Technical details
    File
    34 pages, with a text layer
    SHA-256
    975bee04903c5f770b82f6bdb6c9891a751c525d895ec48d35a00c64f899ba67
    Entity as printed
    Société Tunisienne Industrielle du Papier et du Carton - SOTIPAPIER (Groupe « SOTIPAPIER »)
    Exchange copy
    retrieved 2026-10-08T18:08:07Z

Data notes

No figure-level notes beyond those in the tables.

Review status: every figure has been located on its cited source page in an AI-assisted source verification (matched to the document's text) (16 October 2026). Independent review is pending for every figure; automated checks and the AI-assisted verification are not independent review.

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