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Maroc Leasing Delivers Robust Financial Performance in H1 2026
<p>Maroc Leasing’s interim financial report for the first half of 2026 shows continued growth, with total assets reaching 14.76 billion dirhams, up from 14.30 billion dirhams a year earlier. The leasing specialist recorded a 5.8 % increase in net banking income to 181.7 million dirhams and a rise in net profit to 55.4 million dirhams, reflecting solid operational efficiency and an expanding lease portfolio.</p><p>Key drivers of the performance include a 10.9 % increase in finance‑lease and operating‑lease assets, reaching 14.34 billion dirhams, while operating expenses remained stable. The positive trend positions Maroc Leasing favorably for the remainder of 2026 and underscores its resilience in Morocco’s leasing market.</p>
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Executive Overview
Maroc Leasing published its interim financial results for the first half of 2026, confirming a positive trajectory. The company’s balance sheet grew, driven by an expansion of its lease‑back and operating‑lease portfolio.
Balance Sheet Growth
- Total assets at 30 June 2026 amounted to 14,758,997 thousand dirhams, up from 14,298,867 thousand dirhams at year‑end 2025.
- Finance‑lease and operating‑lease assets rose from 12,906,128 thousand dirhams (Dec‑2025) to 14,344,905 thousand dirhams (June‑2026), a key growth driver.
Revenue and Net Banking Product (PNB)
- Net Banking Product reached 181,743 thousand dirhams, up from 171,269 thousand dirhams a year earlier (30 June 2025).
- Income from finance‑lease and operating‑lease activities was 421,328 thousand dirhams, compared with 395,776 thousand dirhams in H1‑2025.
Operating Performance
- Operating expenses totalled 47,751 thousand dirhams, comprising staff costs of 27,140 thousand dirhams and external costs of 14,845 thousand dirhams.
- After allocating provisions, the Gross Operating Result (RBE) was 134,339 thousand dirhams, versus 124,722 thousand dirhams at 30 June 2025.
- Current result improved to 111,199 thousand dirhams from 90,656 thousand dirhams in the prior year.
Profitability
- A non‑current result of ‑6,634 thousand dirhams and tax expense of 49,168 thousand dirhams were recorded.
- Net profit for the period stood at 55,397 thousand dirhams at 30 June 2026, up from 52,719 thousand dirhams a year earlier.
Outlook
The solid increases across assets, income and net profit position Maroc Leasing favorably for the remainder of 2026 and highlight its resilience in Morocco’s leasing sector.