AFMA reported 12 percent profit growth: what it means for AFMA stock

Published on 10/14/2026 at 00:52 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Consolidated revenue reached MAD 194.20 million, up 9.00 percent in H1 2026. For AFMA stock, group net income reached MAD 57.70 million.

First half figures improve

AFMA's group net income attributable to shareholders rose 12.00 percent in the first half of 2026.
Consolidated revenue reached MAD 194.20 million after a 9.00 percent year-over-year increase.
AFMA SA's standalone net income rose 21.00 percent to MAD 64.50 million in the first half of 2026.

AFM, MA0000012296, Illustration mit AI erstellt.

AFMA (ISIN MA0000012296) reported group net income attributable to shareholders of MAD 57.70 million for the first half of 2026, a 12.00 percent increase from the same period of 2025, according to Infomediaire on September 29, 2026. The result gives AFMA stock a concrete earnings benchmark as the Moroccan insurance broker enters the second half of the year.

Three dates shape the results

On September 21, 2026, AFMA's board approved accounts showing consolidated revenue of MAD 194.20 million and group net income attributable to shareholders of MAD 57.70 million, according to 212 Assurances.

On September 24, 2026, a results summary reported consolidated operating income of MAD 80.10 million, up 5.00 percent from the first half of 2025, while consolidated net income reached MAD 57.30 million, up 7.00 percent, according to AlphaBourse.

On October 2, 2026, an English-language results report again put first-half consolidated revenue at MAD 194.20 million and group net income at MAD 57.70 million, according to Atlas Mag.

What does growth mean for margins?

The earnings mix matters more than revenue alone. Consolidated revenue grew 9.00 percent year over year to MAD 194.20 million, while group net income attributable to shareholders advanced 12.00 percent to MAD 57.70 million in the first half of 2026.

AFMA SA's standalone figures were stronger still. Revenue rose 10.00 percent to MAD 165.30 million, while standalone net income increased 21.00 percent to MAD 64.50 million from MAD 53.30 million in the first half of 2025, according to 212 Assurances. That gap between top-line growth and standalone earnings growth points to stronger operating leverage at the parent company.

Casablanca quote stays a market reference

AFMA provides insurance brokerage services for private and corporate clients in Morocco and internationally. A company profile identifies the business as a finance-sector issuer listed on the Casablanca Stock Exchange under ticker AFM.MA, with a 52-week range of MAD 1,114.00 to MAD 1,335.00.

AFMA SA was quoted at MAD 1,265.00 on the Casablanca market on October 13, 2026. The quote sits below the reported 52-week high of MAD 1,335.00, keeping the operating figures and the valuation context closely linked for readers tracking the stock.

Market context: Latest market reports.