Latest financial news
| MOROCCO | TAQA MOROCCO | NIGS down 7% in 2025, DPS raised to MAD 38
In 2025, TAQA Morocco reported revenue of MAD 10,638 million, compared with MAD 10,878 million in 2024, reflecting a slight decline of 2.2%. EBIT also decreased, from MAD 2,633 million to MAD 2,443 million, down 7.2%. As a result, the EBIT margin narrowed from 24.2% to 23.0%, a contraction of 1.2 points.
Net income group share (NIGS) stood at MAD 981 million in 2025, compared with MAD 1,053 million a year earlier, marking a decline of 6.8%. The net margin followed a similar trend, easing from 9.7% to 9.2%, down 0.5 points. Despite this softer performance, the dividend per share (DPS) was increased from MAD 37 to MAD 38, representing a 2.7% rise.
| MOROCCO | AKDITAL | NIGS up 41% in 2025, DPS raised to MAD 14
In 2025, Akdital recorded another year of expansion. Revenue surged to MAD 4,413 million, compared with MAD 2,954 million a year earlier, up 49.4%. EBIT followed the same upward trend, rising from MAD 519 million to MAD 808 million (+55.6%), leading to a slight improvement in the EBIT margin to 18.3%.
Net income group share (NIGS) also increased, reaching MAD 444 million compared with MAD 315 million in 2024 (+41%). However, the net margin edged down slightly from 10.7% to 10.1%. Meanwhile, the dividend per share saw a significant increase, rising from MAD 10 to MAD 14 (+40%).
| MOROCCO | VICENNE | NIGS up 58% in 2025, DPS set at MAD 8.44
In 2025, Vicenne posted solid growth across its key financial indicators. Revenue reached MAD 1,084 million, compared with MAD 837 million in 2024, representing an increase of 29.5%. EBITDA came in at MAD 264 million, up from MAD 176 million the previous year, bringing the EBITDA margin to 24.4%, compared with 21.0% previously.
Net income group share (NIGS) stood at MAD 144 million in 2025, compared with MAD 91 million in 2024, marking a 58.2% increase. The net margin also improved, rising from 10.9% to 13.3%. Finally, the dividend per share was set at MAD 8.44, up from MAD 4.87 a year earlier, representing a 73.2% increase.
| MOROCCO | FENIE BROSETTE | NIGS down 10% in 2025
In 2025, Fenie Brossette recorded growth in revenue, which reached MAD 757 million compared with MAD 698 million in 2024, up 8.4%. EBIT also improved, rising from MAD 26 million to MAD 33 million, bringing the EBIT margin to 4.4%, compared with 3.7% a year earlier.
However, net income group share (NIGS) declined to MAD 15 million in 2025, down from MAD 17 million in 2024, representing a decrease of 10.3%. The net margin followed the same trend, slipping from 2.4% to 2.0%.
| MOROCCO | SOTHEMA | NIGS up 22% in 2025, DPS raised to MAD 33
Sothema delivered solid growth in 2025. Revenue increased from MAD 2,816 million in 2024 to MAD 3,227 million in 2025, up 14.6%. EBITDA also improved significantly, rising from MAD 599 million to MAD 763 million, representing a 27.4% increase. In line with this, the EBITDA margin strengthened from 21.3% to 23.6%, a gain of 2.3 points.
Net income group share (NIGS) continued on this positive trajectory, reaching MAD 386 million compared with MAD 315 million a year earlier, up 22.5%. The net margin also improved, rising from 11.2% to 12.0%, a gain of 0.8 points. Lastly, the dividend per share (DPS) was increased from MAD 28 to MAD 33, representing a notable rise of 17.9%.
| MOROCCO | AUTO HALL | Press release
The Board of Directors of Auto Hall met on March 25th 2026 to review and approve the key components of the company’s medium-term financing plan. This plan is structured as follows:
- A capital increase totaling MAD 500 Mn. This transaction, which may be carried out in one or several tranches, provides for an initial issuance with pre-emptive subscription rights maintained for existing shareholders;
- A bond issuance totaling MAD 600 Mn, also to be issued in one or several tranches.
| MOROCCO | CRÉDIT DU MAROC | Invitation to an EGM to approve a capital increase of MAD 700 Mn
Shareholders of Crédit du Maroc are convened to the Ordinary and Extraordinary General Meetings on April 27th 2026, to deliberate on the authorization of a capital increase for a maximum total amount, including share premium, of MAD 700 Mn, with pre-emptive subscription rights maintained for existing shareholders.
| MOROCCO | SOTHEMA | Press release
The Extraordinary General Meeting of Sothema’s shareholders was held on March 25th 2026. It resolved to split the nominal value per share of the company by 5, from MAD 50 to MAD 10. Consequently, the total number of shares comprising the par capital is multiplied by 5, bringing the total number of shares to 38,309,500, each with a nominal value of MAD 10.
