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Ciments du Maroc Reports 8% Revenue Decline to End‑March 2026 Amid Heavy Rainfall
Ciments du Maroc disclosed that its unaudited, non‑consolidated turnover fell to 913 million MAD by the end of March 2026, an 8 % drop compared with the same period last year. The slowdown was mainly attributed to unusually heavy rainfall that temporarily hampered construction activity across Morocco. Meanwhile, the company boosted its Q1 2026 investments to MAD 25 million, largely focused on energy‑efficiency projects, and its total financial debt rose sharply to MAD 2.369 billion after the 2025 acquisition of Asment de Témara.
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Key Financial Figures (Q1 2026)
Revenue: The unaudited, non‑consolidated turnover stood at 913 million MAD at the end of March 2026, down 8 % year‑on‑year.
Investments: Capital spending jumped to 25 million MAD in Q1 2026, compared with just 7 million MAD in the same period of 2025. The bulk of the new spending is directed toward energy‑efficiency upgrades.
Financial Debt: Total financial liabilities increased dramatically to 2.369 billion MAD as of March 2026, up from 37 million MAD a year earlier. The rise reflects the loan taken to fund the 2025 acquisition of Asment de Témara.
Operational Context
Heavy rainfall across the country slowed construction activity in March, which directly impacted demand for cement. The weather‑related slowdown is seen as a temporary factor rather than a structural weakness.
Outlook
While the revenue dip highlights short‑term pressure, the increased investment in energy‑saving technologies and the strategic acquisition suggest a medium‑term growth narrative for Ciments du Maroc.