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AFMA Records 11% Revenue Growth in 2025 Amid Investment Surge
AFMA closed 2025 with a consolidated turnover of 317 billion MAD, up 11 % from the previous year. The group’s investment activity also accelerated, reaching 26 billion MAD, while net financial debt fell to 7 billion MAD, reflecting a stronger balance sheet. These results were driven by new client acquisitions, an expanded portfolio and the full acquisition of SAFE ASSUR, which now holds 100 % of AFMA.
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Key Financial Highlights
AFMA closed 2025 with a consolidated turnover of 317 billion MAD, up from 286 billion MAD in 2024 – an increase of 11 %.
The group's parent company, AFMA SA, posted a similar rise, its social turnover reaching 264 billion MAD versus 241 billion MAD a year earlier, a 10 % jump.
Investment Activity
Total investments, including financial participations, grew to 26 billion MAD in 2025, compared with 16 billion MAD in the prior year, driven by new account acquisitions and an expanded existing portfolio.
Debt Position
Net financial debt at year‑end fell to 7 billion MAD, down from 11 billion MAD in December 2024.
Consolidation Scope
- The SAFE ASSUR holding increased its ownership in AFMA from 51 % to 100 %.
- All entities in which AFMA holds exclusive control are fully consolidated.
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- May 28 2025 – AFMA keeps the course in Q1 2025, revenue up 7 %.
- Mar 28 2025 – AFMA: profit up 21 % in 2024.