Moroccan companies report varied H1 2026 financial results

Several major Moroccan companies reported diverse financial results for the first half of 2026, showing a trend of improved profitability despite varying revenue streams.

Sonasid, the steel group, saw a 72% increase in net profit to 167 million dirhams, driven by operational efficiency and higher-value products, even as revenue remained stable. Similarly, the construction firm SGTM reported a 7.3% rise in net profit to 793 million dirhams, despite a 7.2% decline in revenue attributed to project execution cycles. SGTM maintains a significant order book of 34.8 billion dirhams, including projects like the Casablanca Mohammed V airport hub.

In the financial sector, BCP reported a 10.4% increase in net profit to 3.2 billion dirhams, with consolidated resources reaching 429.5 billion dirhams. Meanwhile, Tangier-based Afric Industries saw its net profit grow by 25% to 3.95 million dirhams, supported by an 11% increase in abrasives sales and tighter cost controls.