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Dari Couspate Q1 2026 Revenue Slumps Amid Severe Logistical Disruptions
Dari Couspate reported a sharp slowdown in its first‑quarter 2026 results, with revenue falling to 175.30 million DH – a drop of 16.3 million DH versus the same period last year. The decline is mainly linked to exceptional port congestions caused by adverse weather, which hampered imports of hard wheat and slowed export shipments. The group also took a 117.5 million DH bank loan to fund the acquisition of ARDI MILLS, positioning it for a future takeover of Grandes Semouleries du Maroc.
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Quarterly Performance
Dari Couspate’s activity slowed noticeably in Q1 2026. The company recorded revenue of 175.30 million DH, which is 16.3 million DH lower than the comparable period in 2025.
The shortfall is primarily attributed to severe logistical bottlenecks caused by unusually adverse weather. Port congestion delayed the arrival of imported hard wheat, a key raw material, and also hampered the export of finished products.
Leasing Commitments
Leasing obligations for the quarter fell modestly, moving from 36.33 million DH in Q1 2025 to 23.25 million DH in Q1 2026.
Bank Loan and Acquisition Strategy
In the first quarter, DARI COUSPATE secured a 117.5 million DH bank loan aimed at capitalising its subsidiary ARDI MILLS. The subsidiary will manage the semoulerie (first-stage hard‑wheat processing) after the group finalises the acquisition of assets from Grandes Semouleries du Maroc. The acquisition, launched in 2025, is expected to close before the end of H1 2026.
Outlook
The management remains committed to expanding its market footprint and improving operational efficiency. Strategic priorities include innovation, accelerated growth in Morocco and abroad, and the integration of the newly‑acquired milling assets.