Latest financial news

| MOROCCO | CFG BANK | NIGS up 41% in 2025, DPS raised to MAD 4.0

CFG Bank’s key financial indicators evolved as follows:

  • In 2024, NBI reached MAD 941 million, compared to MAD 1,247 million in 2025, representing growth of 32.5%.
  • Gross Operating Income increased from MAD 388 million in 2024 to MAD 633 million in 2025, a rise of 63.2%.
  • GOI margin improved, moving from 41.2% to 50.8%, a gain of 9.6 percentage points.
  • The cost of risk saw a slight increase, rising from MAD 41 million in 2024 to MAD 46 million in 2025, an 11.2% growth.
  • NIGS rose from MAD 262 million in 2024 to MAD 370 million in 2025, an increase of 41.5%.
  • The net margin also improved, increasing from 27.8% to 29.7%, up 1.9 percentage points.
  • Finally, DPS stood at MAD 3.3 in 2024 and MAD 4.0 in 2025, marking a 21.2% increase.

| MOROCCO | IMMORENTE INVEST | Consolidated FFO up 4% in 2025, DPS raised to MAD 5.5

IMMORENTE INVEST’s key financial indicators evolved as follows:

  • Revenue amounted to MAD 79 million in 2024 and MAD 85 million in 2025, representing an increase of 8.4%.
  • EBIT rose from MAD 45 million in 2024 to MAD 56 million in 2025, corresponding to growth of 26.1%.
  • EBIT margin improved from 56.7% in 2024 to 65.9% in 2025, a gain of 9.2 percentage points.
  • Consolidated net income stood at MAD 47 million in 2024 and MAD 41 million in 2025, marking a decline of 11.9%.
  • The net margin fell from 59.9% in 2024 to 48.6% in 2025, a decrease of 11.3 percentage points.
  • Consolidated FFO reached MAD 46 million in 2024 and MAD 48 million in 2025, an increase of 4.2%.
  • DPS amounted to MAD 5.2 in 2024 and MAD 5.5 in 2025, representing growth of 5.8%.

| MOROCCO | RDS | Press release

In a press release, the Group Résidences Dar Saada (RDS) announced that its total development pipeline currently stands at MAD 12.5 Bn in projected revenues, of which MAD 7.5 Bn has already been secured to date.

This momentum is supported by the signing of agreements related to the Expressions of Interest (EOI) launched by Al Omrane Marrakech as part of the housing relocation program in Marrakech, as well as two additional EOIs in Casablanca.

The current development pipeline also includes a newly approved project in Sub-Saharan Africa, along with a mixed-use project in the southern region of the Kingdom.

| CÔTE D’IVOIRE | ORANGE CI | NIGS up 19% in 2025

In 2025, Orange CI’s revenue settled at FCFA 1,197 Bn, up 10.4% YoY. Likewise, the operator's NIGS rose by 18.8% to settle at FCFA 129 Bn during the same period.

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