Euro-Cycles stock faces a 42.95 percent revenue drop

Published on 10/04/2026 at 16:40 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Euro-Cycles stock was last at TND 10.690 on October 2, 2026, while net income fell to TND 1.491 million. The first-half figures also show weaker margins.

ECYCL, TN0007570013, Illustration mit AI erstellt.

Euro-Cycles (ISIN TN0007570013) was last at TND 10.690 on the Tunis Stock Exchange on October 2, 2026, with a year-to-date decline of 14.3 percent. The main company development is a sharp contraction in first-half 2026 revenue, which fell 42.95 percent to TND 31.976 million.

Revenue falls 42.95 percent

Terafinances reported on September 15, 2026, that Euro-Cycles revenue declined from TND 56.054 million in the first half of 2025 to TND 31.976 million in the first half of 2026. Bicycle sales fell 45.65 percent, while accessory sales declined 11.98 percent over the same comparison.

The operating pressure extended beyond sales. Total operating products decreased 42.85 percent to TND 32.099 million from TND 56.167 million in the first half of 2025, according to Terafinances.

Margins show the operating strain

Euro-Cycles EBITDA fell 68.47 percent to TND 2.960 million in the first half of 2026, and the EBITDA margin dropped to 9.26 percent from 16.75 percent a year earlier. Operating income declined 72.44 percent to TND 2.430 million, reducing the operating margin to 7.57 percent from 15.69 percent.

Terafinances reported that net income fell 78.16 percent to TND 1.491 million from TND 6.827 million in the first half of 2025. Net margin consequently declined to 4.64 percent from 12.16 percent.

The balance-sheet picture adds another pressure point. Net financial debt rose to TND 30.379 million from TND 23.344 million at December 31, 2025, while closing cash fell to TND 2.531 million from TND 14.105 million.

Stock remains below its 2025 close

Euro-Cycles stock stood 14.3 percent below its 2025 closing level of TND 12.490 on October 2, 2026. The market capitalization was TND 105.0 million on the same date, giving investors a compact listed exposure to a bicycle manufacturer whose first-half earnings were hit by weaker export activity.

Euro-Cycles says it exports more than 450,000 mountain bikes annually to European countries and employs 300 people, according to its company website. The company also operates five assembly lines and produces kids, mountain, road, BMX, commuting, folding, beach cruiser and electric bicycles.