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Aradei Capital Reports 7% Rise in 2025 Consolidated Revenue, Highlights New Casablanca Projects

<p>Aradei Capital disclosed its full‑year 2025 results on December 31, showing a 7 % increase in IFRS‑based consolidated revenue to MAD 647 million, driven by a stable portfolio and the launch of Sela Park Casablanca. Social‑sector revenue climbed 8 % to MAD 216 million, while the company continued investing more than MAD 300 million in mixed‑use developments, renovation projects and the completion of key assets.</p><p>The firm also reported a modest rise in gross debt to MAD 3.411 billion, with net debt at MAD 2.805 billion. Operational highlights include an 85 % lease‑up of Sela Park, the opening of the Family Entertainment Center “WAW”, and the rollout of a new retail‑media agency, Elevate. Aradei Capital wrapped up the year with its first Capital Markets Day, outlining a growth roadmap toward 2030.</p>

February 27th, 2026
2 min read
By boursenews.ma

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Key Financial Figures (2025)

Consolidated IFRS revenue: MAD 647 million, up 7 % YoY (vs. MAD 606 million in 2024).

Social‑sector revenue: MAD 216 million, up 8 % YoY.

Total investment undertaken: > MAD 300 million (down from MAD 457 million in 2024), primarily in the mixed‑use Casablanca project, two renovation programmes and the completion of Sela Park Casablanca and the Dar Bouazza development.

Gross debt (end‑2025): MAD 3.411 billion – composition: 30 % bonds, 60 % bank loans, 10 % treasury bills.

Net debt (after cash): MAD 2.805 billion, up from MAD 2.529 billion in 2024.

Operational Highlights

  • Opening of Sela Park Casablanca (30,000 m²) in November 2025 with an ~85 % lease‑up rate.
  • Approximately 30 % of the gross leasable area is dedicated to entertainment, positioning the asset as a family‑leisure hub.
  • In January 2026, launch of the first Family Entertainment Center “WAW” (4,000 m²), operated by Best Leisure, a 100 % Aradei Capital subsidiary.
  • October 2025 saw the debut of the retail‑media agency Elevate, offering tailor‑made high‑impact advertising solutions for brands.
  • Continuing construction of a 60,000 m² mixed‑use flagship at Casablanca’s southern entry gate.
  • Renovation programmes for Almazar (37,000 m²) and Borj Fez (27,000 m²) to modernise retail offerings.
  • Completion of a residential promotion attached to Sela Park Dar Bouazza: 55 units slated for delivery in 2026.

Strategic Initiatives & Outlook

Aradei Capital hosted its inaugural Capital Markets Day in January 2026, presenting a strategic roadmap that targets more than MAD 1 billion in revenue by 2030. The company emphasizes continued portfolio diversification, deeper penetration in the Casablanca market, and enhanced brand‑partner engagement through Elevate.

Overall, the 2025 results underscore a resilient portfolio, a solid pipeline of mixed‑use and leisure assets, and a disciplined capital‑allocation approach that positions Aradei Capital for sustained growth.

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