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Maghreb Oxygène Posts Strong 2025 Growth While Keeping Dividend Unchanged
Maghreb Oxygène announced impressive 2025 financial results, with sales climbing to MAD 332.4 billion and operating profit rising to MAD 9.1 billion. The company’s equity and balance sheet expanded significantly, thanks to a fresh MAD 450 billion bond issuance. Despite the growth, the board proposes to keep the dividend at MAD 4 per share, unchanged from the previous year, underscoring a stable shareholder return policy.
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Financial Highlights 2025
Maghreb Oxygène reported a sales increase to MAD 332.4 billion in 2025, up from MAD 317.2 billion the year before, driven by higher gas sales in the industrial segment.
Operating profit rose to MAD 9.1 billion, reflecting improved commercial margin and disciplined cost management. Net profit reached MAD 8.5 billion, compared with MAD 8.0 billion in 2024.
Equity strengthened to MAD 261.0 billion. The total balance sheet expanded from MAD 480.7 billion to MAD 906.3 billion after a new MAD 450 billion bond issuance.
Consolidated Indicators
- Consolidated revenue: MAD 330.4 billion (up from MAD 311.4 billion)
- Consolidated operating result: MAD 12.5 billion (vs MAD 8.1 billion)
- Consolidated net profit: MAD 15.4 billion (up from MAD 12.4 billion)
- Consolidated equity: MAD 319.2 billion (vs MAD 307.0 billion)
- Consolidated total assets: MAD 970.2 billion (up from MAD 545.1 billion)
Outlook
The results reinforce the company’s confidence in executing its strategic plan, with a continued focus on expanding both operational and financial metrics.
Dividend Policy
Based on the 2025 performance, the Board plans to propose a dividend of MAD 4 per share at the upcoming general meeting, identical to the previous year.
Maghreb Oxygène is listed on the Casablanca Stock Exchange.