The third quarter of 2025 was marked by strong commercial performance, supported by sales promotion efforts. This momentum resulted in volume growth across most distribution channels, particularly in September.
The increase in volumes helped mitigate the impact of a persistent unfavorable pricing effect in a competitive environment. Although the revenue for the quarter decreased by 17%, it remained stable at 4,181 MDH for the first nine months of the year, reflecting the group's resilience and the effectiveness of its commercial strategy.
Investments made in the third quarter of 2025 amounted to 9.4 MDH, aligning with the group's strategic priorities and multi-year investment plan. By the end of September 2025, the cumulative amount of investments reached 27 MDH.
As of September 30, 2025, the consolidated net cash stood at 12 MDH, down from 196 MDH on December 31, 2024. This change is primarily due to cash outflows related to the operating cycle. During the third quarter of 2025, there were no changes in the group's consolidation scope.
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