BRVM-listed vehicle distributor Tractafric Motors Côte d’Ivoire reported net profit of CFAF1.27 billion for the first half of 2026, down 11.8% from CFAF1.44 billion a year earlier. Revenue nevertheless increased 4.4% to CFAF41.71 billion, according to financial statements for the six months ended June 30 that were disclosed on October 29.
Merchandise sales, which account for most of the company’s business, reached CFAF40.40 billion, compared with CFAF38.39 billion in the first half of 2025. Gross trading margin rose 17.4% to CFAF8.91 billion, showing an improvement in the spread between sales and the recorded cost of goods over the period.
Higher costs weigh on the bottom line
That margin growth translated into little change in operating profit, which stood at CFAF2.15 billion against CFAF2.14 billion a year earlier. Other operating expenses climbed to CFAF1.78 billion from CFAF979 million, while finance costs rose to CFAF188 million from CFAF118 million.
With pretax profit of approximately CFAF2.00 billion, income tax expense reached CFAF730 million, up from CFAF595 million in the first half of 2025. The rise in expenses and taxes coincided with the decline in net earnings despite higher sales.
Inventories and customer receivables increase
The balance sheet shows net inventory of CFAF24.70 billion at the end of June, compared with CFAF23.02 billion a year earlier. Net trade receivables increased to CFAF14.51 billion from CFAF10.29 billion, while supplier payables rose to CFAF27.60 billion from CFAF19.41 billion.
Short-term bank borrowing, however, fell sharply from CFAF4.73 billion to CFAF9.3 million, with cash and cash equivalents at CFAF3.31 billion. Tractafric Motors Côte d’Ivoire’s total assets amounted to CFAF51.84 billion at June 30, 2026, compared with CFAF46.06 billion a year earlier.