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Stokvis Reports Widening Losses Despite 5% Revenue Growth in H1 2026
Stokvis Group posted consolidated revenue of MAD 112.7 million in the first half of 2026, marking a 5% year-over-year increase from MAD 107.6 million. However, operational profitability deteriorated significantly, pushing consolidated net losses to MAD 7.1 million compared to just MAD 0.3 million in the same period last year. The company faces critical financial challenges with negative equity of MAD 134.8 million, prompting auditors to call for urgent recapitalization and raise going concern issues for its automotive subsidiary.