Moroccan companies report mixed H1 2026 financial results

Moroccan companies Compagnie Minière de Touissit (CMT) and TGCC reported divergent financial results for the first half of 2026.

CMT saw its consolidated revenue jump 74% to 596 million dirhams, driven by a significant rise in silver and zinc prices. While silver prices rose 141% and zinc prices rose 22% compared to June 2025, CMT's production volumes remained relatively stable, with concentrate production decreasing by 4% over the six-month period. However, sales volumes increased by 17%.

In contrast, construction group TGCC reported a 5.3% decline in consolidated operating revenue to 5.24 billion dirhams for the first half of the year. The company attributed this to weather-related disruptions and the early stages of several major infrastructure projects. Despite the revenue dip, TGCC holds a record order book of 28.4 billion dirhams, which includes projects such as the Mohammed V airport terminal, the Benslimane Grand Stadium, and the Casablanca–Marrakech high-speed line.