Alliances H1 2026 Review: Revenue Surge, Strong Order Book and Falling Debt

Alliances entered the second half of 2026 after a 30 % jump in Q2 revenue, reporting DH 1.42 bn in the first six months and securing DH 4.5 bn of orders. Net debt fell by almost DH 100 m compared with Q1, reinforcing the positive outlook set by BMCE Capital Global Research, which still expects DH 2.723 bn of total 2026 sales. The group now faces the challenge of delivering roughly DH 1.3 bn of revenue in the remaining half‑year while monitoring margins, working‑capital needs and the profitability of its expanding high‑end residential portfolio.

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