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Afric Industries H1 2026 Profit Jumps 25% as Abrasives Activity Gains Momentum
Afric Industries reported net income of MAD 3.952 million in the first half of 2026, up 25% from MAD 3.171 million a year earlier, supported by higher sales, stronger operating performance and lower financing costs. Revenue rose 5% to MAD 22.49 million, while the abrasives division stood out with an 11% increase in sales.
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Strong first-half performance
Afric Industries closed the first half of 2026 with a net profit of MAD 3.952 million, compared with MAD 3.171 million at the end of June 2025. This represents a 25% year-on-year increase, reflecting improved earnings momentum across the group.
Revenue for the period reached MAD 22.49 million, or 22,490 KDH, up 5% from the same period in 2025. The growth was mainly driven by the abrasives business, where sales increased by 11%, confirming the resilience of the company’s core activity.
Operating income rises on cost discipline
Operating income stood at MAD 5.963 million as of June 30, 2026, against MAD 4.956 million one year earlier, marking a 20% improvement. The increase was supported by a recovery in activity during the second quarter of 2026, combined with tighter control of operating expenses.
The rise in operating profit, together with a reduction in financing costs, helped lift net income for the semester by 25%, reaching MAD 3.952 million.
2026 outlook: profitability and diversification remain priorities
For the full year 2026, Afric Industries aims to preserve profitability by relying on the strength of its abrasives business and continued cost management. The company is also continuing to develop and diversify its product portfolio to broaden its market offering while maintaining the performance of its historical product lines.
Based on these factors, management expects a gradual improvement in both revenue and operating income over the course of 2026.
Governance update
In a notable corporate development, the Board of Directors met on September 17, 2026, and decided to appoint Mrs. Asma Alaoui as a second independent director. The appointment, which remains subject to ratification by the next General Meeting, is expected to reinforce the company’s governance framework.