Latest financial market news
AKDITAL: NIGS up 72% in H1 2025
In the first half of 2025, Akdital recorded Revenue of MAD 2,093 million, compared with MAD 1,249 million a year earlier. EBITDA also increased over the period, rising from MAD 334 million to MAD 533 million. The EBITDA margin moved slightly from 26.7% to 25.5%. Net income group share amounted to MAD 194 million versus MAD 113 million in H1 2024, while the Net margin remained broadly stable at 9.3% compared with 9.0% previously.
DISWAY: NIGS up 44% in H1 2025
Disway reported Revenue of MAD 952 million in H1 2025 compared with MAD 842 million in H1 2024. EBIT increased from MAD 47 million to MAD 58 million, resulting in an EBIT margin of 6.1% versus 5.6% a year earlier. Net income group share came in at MAD 50 million, up from MAD 35 million, with the Net margin shifting from 4.1% to 5.3%.
IMMORENTE INVEST: FFO up 2% in H1 2025
Immorente Invest generated Revenue of MAD 41 million in the first half of 2025, compared with MAD 38 million in the same period of 2024. EBIT rose from MAD 24 million to MAD 29 million, pushing the EBIT margin to 71.0% versus 63.9% previously. Consolidated net income stood at MAD 22 million compared with MAD 17 million a year earlier, while the Net margin increased from 43.8% to 52.5%. FFO amounted to MAD 23 million versus MAD 22 million in H1 2024.
SOTHEMA: NIGS up 18% in H1 2025
Sothema posted Revenue of MAD 1,549 million in H1 2025, up from MAD 1,328 million a year earlier. EBITDA rose from MAD 291 million to MAD 353 million, resulting in an EBITDA margin of 22.8% compared with 21.9% in the previous year. Net income group share amounted to MAD 194 million versus MAD 164 million, while the Net margin remained broadly unchanged at 12.5% compared with 12.3%.
SANLAM MAROC: Net income down 31% in H1 2025
Sanlam Maroc reported Revenue of MAD 3,430 million in the first half of 2025, compared with MAD 3,535 million a year earlier. Net income stood at MAD 169 million versus MAD 245 million in H1 2024, bringing the Net margin to 4.9% compared with 6.9% previously.
ARADEI CAPITAL: FFO Group Share up 2% in H1 2025
Aradei Capital recorded Revenue of MAD 308 million in H1 2025, compared with MAD 298 million in the same period last year. EBIT amounted to MAD 229 million versus MAD 226 million in H1 2024, with the EBITDA margin standing at 74.2% compared with 75.8% previously. Net income group share came in at MAD 99 million versus MAD 76 million a year earlier, resulting in a Net margin of 32.0% compared with 25.5%. FFO Group Share totalled MAD 155 million versus MAD 152 million in H1 2024.
AFMA: NIGS up 11% in H1 2025
AFMA generated Revenue of MAD 178 million in the first half of 2025, compared with MAD 159 million a year earlier. EBIT stood at MAD 76 million versus MAD 71 million in H1 2024, corresponding to an EBIT margin of 42.9% compared with 44.5% previously. Net income group share amounted to MAD 51 million versus MAD 46 million, with the Net margin slightly decreasing to 28,9%.
FENIE BROSSETTE: NIGS up 6% in H1 2025
Fenie Brossette reported Revenue of MAD 374 million in H1 2025 compared with MAD 343 million in the same period of 2024. EBIT increased from MAD 12 million to MAD 18 million, resulting in an EBIT margin of 4.9% versus 3.6% a year earlier. Net income group share came in at MAD 8.2 million versus MAD 7.7 million, with the Net margin holding steady at 2.2%.
ZELLIDJA: NIGS more than doubled in H1 2025
Zellidja reported EBIT of MAD 17 million in H1 2025, compared with MAD 11 million in H1 2024. Net income group share amounted to MAD 6 million versus MAD 3 million a year earlier.
REBAB COMPANY: Net income up 16% in H1 2025
Rebab Company recorded Current income of MAD 0.5 million in the first half of 2025, compared with MAD –0.2 million a year earlier. Net income stood at MAD 0.5 million versus MAD 0.4 million in H1 2024.
Economic news
WAEMU | LENDING RATES : A decrease of 2 BPS in July 2025
According to the Central Bank of West African States (BCEAO), the average lending interest rates of the Union's banks fell by 2 BPS in July 2025 to 6.68% against 6.70% a month earlier.
