Latest financial news
| MOROCCO | MAGHREBAIL | Net income up 9% in 2025, DPS stable at MAD 53
In Morocco, Maghrebail recorded improved performance in 2025. Net banking income (NBI) amounted to MAD 438 million, compared with MAD 378 million in 2024, representing an increase of 16.1%. EBIT followed the same trend, reaching MAD 273 million versus MAD 231 million a year earlier, up 18.5%.
This momentum was accompanied by a slight improvement in the EBIT margin, which rose from 61.1% to 62.4%, a gain of 1.3 points. Net income increased by 9.3%, reaching MAD 148 million in 2025 compared with MAD 136 million in 2024.
Conversely, the net margin declined from 35.9% to 33.8%, a decrease of 2.1 points. Finally, the dividend per share (DPS) remained stable at MAD 53 between 2024 and 2025.
| MOROCCO | CSE | Investors’ profile in Q4 2025
According to AMMC indicators related to investors’ profile within the stock market in Q4 2025, the volume traded on the official market was monopolized 38% by Moroccan legal entities, 29% by UCITS, 21% by Moroccan individuals and 6% by foreign legal entities.
Economic news
| MOROCCO | PUBLIC FINANCES | Figures at the end of February 2026
At the end of February 2026, treasury ordinary revenues fell by 4.7% to MAD 51.2 Bn. This trend reflects the 5.6% decrease in tax revenues to MAD 48.6 Bn while non-tax revenues jumped by 17.7% to MAD 1.4 Bn.
Overall expenses amounted to MAD 85.7 Bn, up 9.1% compared to the same period of the previous year. Note that ordinary expenses declined by 0.9% to MAD 73.9 Bn while CAPEX increased by 37.1% to MAD 23.1 Bn. Meanwhile, subsidies expenses settled at MAD 2.8 Bn during the same period, down 31.6%.
| SENEGAL | PUBLIC FINANCES | Figures at the end of November 2025
According to Senegal’s Department of Forecasting and Economic Studies, overall resources are provisionally estimated at FCFA 3,961.0 Bn at the end of November 2025, rising by 10.1% YoY. Meanwhile, public expenditure decreased by 11.2% over the same period to reach FCFA 5,225.5 Bn.
