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SRM Reports 9% Revenue Rise in Q4 2025, Highlighting Strong BTP Performance
SRM released its Q4‑2025 figures on February 25, 2026, showing a 9 % jump in revenue to MAD 156 million compared with the same period a year earlier. The construction (BTP) division led the growth with a near‑23 % increase, while the industrial segment posted a modest 6 % rise. Despite the revenue upside, EBITA fell 8.6 % to MAD 14.4 million due to tighter margins and higher operating expenses.
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SRM Q4‑2025 Financial Highlights (Published 25 Feb 2026)
SRM announced its quarterly results for the period ending 31 December 2025. The key take‑aways are presented below.
- Revenue: MAD 156 million, up 9 % YoY (vs. MAD 143 million in Q4 2024).
- Industry Division: Revenue +6 %; gross margin 28.36 %.
- Construction (BTP) Division: Revenue +23 % YoY; gross margin 16.64 % driven by stronger organisational structure and solid sales dynamics.
- Machines Activity: Overall +13 % growth, supported by a 37 % surge in BTP revenue and a 10 % rise in Industry revenue.
- Spare‑Parts: Revenue flat compared with Q4 2024.
- After‑Sales Service: Revenue –3 % YoY.
- EBITA: MAD 14.425 million in 2025 vs. MAD 16.086 million in 2024, a decline of 8.62 %.
- Margin contraction of 3 %.
- Operating expenses (OPEX) up 13 %.
Related reports from SRM:
- 03 Nov 2025 – Revenue up 19 % in Q3.
- 25 Jul 2025 – Revenue down 7 % as of 30 June 2025.
- 24 Apr 2025 – Strong start to 2025 with revenue up 50 %.
- 25 Dec 2024 – Shareholders resolve litigation stemming from a failed takeover bid.