Stocks Market
Oulmès Posts 11.2% Revenue Rise in 2025, Fueled by CAN 2025 Sponsorship & Accelerated CAPEX
<p>Oulmès’ bottled‑water division (LEMO) delivered a strong 2025 performance, with total revenue climbing to 3.20 billion MAD – an 11.2 % increase year‑on‑year. The surge was driven by robust sales, a high‑profile partnership as the official water of the 2025 Africa Cup of Nations, and a sizable 551 million MAD CAPEX programme.</p><p>During Q4, the group also secured ISO 17025 accreditation for its Tarmilate lab, topped the “Best Place to Work – Africa” ranking, and reduced net debt by 11.2 % through a lease‑back and a convertible bond issue, underscoring a solid financial footing and a commitment to sustainability.</p>
Listen to this article
Unlock audio versions of premium articles and more with a Pro subscription.
Key Financial Highlights
Revenue growth: LEMO posted a Q4 2025 turnover of MAD 703.8 million, up 9.4 % versus Q4 2024. The full‑year revenue reached MAD 3,195.8 million, an 11.2 % increase YoY, confirming the resilience of its business model in a competitive market.
Strategic Partnerships & Recognitions
- Official water of the 2025 Africa Cup of Nations (CAN 2025) – the Sidi Ali brand was present at every competition venue, showcasing Oulmès’ logistical expertise.
- ISO 17025 accreditation for the Tarmilate laboratory (Khémisset province) by SEMAC, reinforcing capabilities in microbiology and physico‑chemical analysis of bottled water.
- Ranked #1 in the “Best Place to Work – Africa” index, highlighting strong corporate culture and human‑capital investment.
Investment Programme
CAPEX reached MAD 120 million in Q4, in line with the scheduled purchase of new industrial equipment. Annual total CAPEX amounted to MAD 551 million, a 4.9 % rise, underpinning the modernization of production lines and logistics infrastructure.
Financial Structure & Debt Management
Net debt stood at MAD 1,388.8 million at 31 December 2025, down 11.2 % YoY. The reduction stems from high‑level balance‑sheet operations, including a lease‑back transaction and the issuance of Convertible Redeemable Bonds amounting to MAD 350 million, aimed at optimizing the debt profile while preserving financial stability.
Outlook
LEMO will continue to push innovation, launching high‑value‑added products that meet evolving consumer preferences. Expansion of its commercial network and further strengthening of its industrial‑logistics chain will ensure operational efficiency, rapid response times, and uncompromising quality. Sustainability is embedded across all activities, aligning growth with responsible and long‑term goals.