Latest financial news
| MOROCCO | ATTIJARIWAFA BANK | NIGS up 16% in 2025, DPS raised to MAD 22
Attijariwafa bank recorded a notable improvement in its key indicators between 2024 and 2025. Net Banking Income (NBI) amounted to MAD 33.1 billion in 2024 before reaching MAD 34.9 billion in 2025, representing a growth of 5.6%. Gross Operating Income (GOI) followed a similar trend, increasing from MAD 20.6 billion to MAD 21.7 billion, up 5.3%. The GOI margin remained broadly stable, with a slight change from 62.3% to 62.2%, corresponding to a 0.1 percentage point decrease.
Over the same period, the cost of risk improved significantly, declining from MAD 4.2 billion to MAD 3.7 billion, a decrease of 13%. NIGS posted a strong increase, rising from MAD 9.2 billion to MAD 10.6 billion, up 16.2%. The net margin also strengthened, moving from 27.7% to 30.5%, representing a gain of 2.8 percentage points. DPS showed a positive trend as well, increasing from MAD 19 to MAD 22, up 15.8%.
| MOROCCO | LESIEUR CRISTAL | Consolidated revenue down 1% in 2025
In Q4 2025, Lesieur Cristal's consolidated revenue fell by 11.9% to MAD 1,216 Mn. In 2025, the Group's consolidated revenue declined by 1.1% to MAD 5,394 Mn.
| MOROCCO | SRM | Revenue up 9% in Q4 2025
In Q4 2025, SRM's revenue amounted to MAD 156.0 Mn against MAD 143.5 Mn during the previous year, ecording an increase of 8.7%.
| MOROCCO | UNIMER | Consolidated revenue down 13% in 2025
In Q4 2025, Unimer's consolidated revenue stood at MAD 322 Mn, down 9.7% YoY. In 2025, the company's consolidated revenue fell by 13.3% to MAD 1,092 Mn.
| MOROCCO | CARTIER SAADA | Revenue up 3% during the period from 04/01/2025 to 12/31/2025
During the period from 04/01/2025 to 12/31/2025, Cartier Saada's revenue rose by 3.4% to MAD 213.8 Mn. In this context, the company’s revenue on the local market more than tripled to MAD 8.3 Mn, while exports increased by 0.7% during the same period to MAD 205.5 Mn, representing 96.1% of the total revenue.
Economic news
| TOGO | GDP | A growth rate of 6.3% in Q3 2025
According to the National Institute of Statistics and Economic and Demographic Studies (INSEED), the growth rate of Togo’s economy reached 6.3% in Q3 2025. This results from the improvement in the value added of the primary (+4.0%), secondary (+9.1%) and tertiary (+4.9%)sectors.
