Ciments du Maroc reports 8.20 percent profit fall for Ciments du Maroc stock

Published on 10/19/2026 at 00:44 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Revenue rose 21.40 percent to MAD 2.661 billion in the first half of 2026. One analyst set a MAD 2,252 target for Ciments du Maroc stock.

First-half results shape valuation

Ciments du Maroc reported MAD 559 million in net profit on September 24, 2026.
One analyst set a MAD 2,252 target for the stock in September 2026.
Market capitalization stood at MAD 20.7 billion as of October 18, 2026.

CMA, MA0000010506, Illustration mit AI erstellt.

Ciments du Maroc (MA0000010506) reported first-half net profit of MAD 559 million on September 24, 2026, down 8.20 percent from the prior-year period, according to Ciments du Maroc. The result puts financing costs and comparable revenue at the center of the stock story.

Why did profit fall 8.20 percent?

Consolidated operating revenue increased 21.40 percent to MAD 2.661 billion in the first half of 2026. The reported growth included the broader consolidation scope following the Asment de Témara acquisition; on a comparable basis, revenue declined 6.00 percent, according to Ciments du Maroc.

Operating profit nevertheless rose 16.30 percent to MAD 948 million. Net profit was pressured by financial costs linked to acquisition financing and the absence of a capital gain booked in the first half of 2025; on a comparable basis, net profit fell 6.70 percent after non-recurring items, the company said in its September 24, 2026 release.

Three milestones through September

On December 31, 2025, financial debt stood at MAD 2.633 billion, based on the company's reported comparison table. By June 30, 2026, debt had fallen to MAD 1.833 billion after a partial voluntary repayment, according to Ciments du Maroc.

On June 30, 2026, first-half operating revenue reached MAD 2.661 billion, up 21.40 percent, while net profit was MAD 559 million. On September 24, 2026, the board reviewed and finalized those first-half accounts, making the profit decline the latest dated company event in this report.

What does the target imply?

One analyst set a 12-month target of MAD 2,252 in September 2026, with one Buy recommendation and no Hold or Sell ratings, according to Investing.com. That single-estimate view contrasts with the mixed operating picture: reported revenue grew 21.40 percent, but comparable revenue fell 6.00 percent and net profit declined 8.20 percent.

Balance sheet and valuation

Ciments du Maroc had a market capitalization of MAD 20.7 billion as of October 18, 2026, while its Casablanca listing showed a 52-week range of MAD 1,400.00 to MAD 2,050.00. The company also maintained its objective of improving operating results for fiscal year 2026 in its September 24, 2026 statement.