Côte d'Ivoire: Solibra Records 360 Million Liters in Beverage Sales in H1 2026
The Société de limonaderies et boissons rafraîchissantes d'Afrique (Solibra), the Ivorian subsidiary of the Castel Group and a benchmark stock on the Regional Stock Exchange (BRVM), closed the first half of fiscal year 2026 with distributed volumes of 360 million liters of beverages.
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This 7.1% year-on-year increase in business volume enabled the brewer to generate half-year revenue of 180.25 billion CFA francs, up 8.7% from the 165.75 billion CFA francs recorded in the first half of 2025.
The expansion of the national leader in refreshing and brewed beverages' commercial base rests on the performance of its brand portfolio (Bock, Beaufort, Castel Beer, Youki, Orangina, World Cola). The company's revenues thus grew by 14.5 billion CFA francs over the period under review, driven by domestic market demand. However, this business growth did not translate into an equivalent gain in profitability. The activity report published on October 30, 2026, shows a stagnation in consolidated net income at 28.1 billion CFA francs, directly impacted by rising production costs and the increasing price of imported raw materials.
Operating margin indicators reflect this industrial deterioration. Operating income slipped 1.5%, falling from 38.62 billion to 38.03 billion CFA francs from one period to the next. Relative to revenue, the operating margin rate contracted by 220 basis points to stand at 21.1%, compared to 23.3% a year earlier. Similarly, the net margin rate fell back from 16.9% to 15.6%. Given the uncertainties weighing on input supplies for the second half of the fiscal year, Solibra's management intends to maintain rigorous monitoring of cost structures in order to stem the erosion of balance sheet returns.
Ndjomo Carlos
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