BOURSSOLE Logo
BOURSSOLEYour smart investing compass
Stocks Market

Stocks Market

Cash Plus Posts 18% Net Profit Growth in H1 2026, Adds 330 New Agencies

Cash Plus delivered a solid performance in the first half of 2026, with net profit attributable to the Group rising 18% to MAD 151 million. The company processed MAD 62 billion in transactions, grew its average revenue per user to MAD 70, and expanded its footprint by opening 330 new agencies, now totalling 5,530 locations. New instant‑transfer and QR‑code payment services, as well as a strategic partnership with Orange Maroc, further strengthen its position in Morocco’s financial‑inclusion landscape.

July 29th, 2026
2 min read
By boursenews.ma

Listen to this article

Unlock audio versions of premium articles and more with a Pro subscription.

Upgrade to Unlock

Key Highlights

Cash Plus delivered an 18% rise in net profit attributable to the Group in the first half of 2026, backed by a 20% increase in operating income.

  • Total transaction volume reached MAD 62 billion, up 21% year‑on‑year.
  • Average revenue per user (ARPU) climbed to MAD 70, a 14% gain.
  • Network grew by 330 new agencies, bringing the total points of sale to 5,530.
  • Instant transfers and QR‑code mobile payments launched at more than 60,000 merchant locations.
  • Partnership with Orange Maroc enables Orange Money customers to deposit and withdraw cash at Cash Plus outlets and to subscribe to Orange telecom offers.

Financial Performance

The consolidated Net Banking Product (PNB) reached MAD 476 million as of 30 June 2026, a 15% increase over the same period in 2025. Consolidated commissions rose to MAD 662 million (+15%), driven by both money‑transfer and payment‑account activities.

  • Money‑transfer activity: commissions of MAD 506 million (+14%) reflecting higher volumes and broader network reach.
  • Payment‑account activity: commissions of MAD 156 million (+20%) boosted by the new instant‑transfer and QR‑code payment features.
  • Proximity services: revenue of MAD 311 million (+12%) with a noticeable acceleration in Q2.

Operating income hit MAD 274 million (+20%). General operating expenses and depreciation grew only 12%, allowing the operating margin to expand to 58%.

Net profit attributable to the Group reached MAD 151 million (+18%), underscoring a profitable growth trajectory.

Network Expansion & New Services

Since the start of 2026, Cash Plus opened 330 new agencies, increasing its footprint to 5,530 locations – a strategic move to improve coverage in underserved areas.

In June 2026, the company launched an instant‑transfer service for both outgoing and incoming Cash Plus accounts and introduced QR‑code mobile payments at over 60,000 nearby merchants.

Strategic Partnership with Orange Maroc

The June agreement with Orange Maroc allows Orange Money users to perform cash deposits and withdrawals at Cash Plus points and to subscribe to Orange telecom packages directly within Cash Plus branches.

Outlook

Buoyed by strong first‑half results and a solid balance sheet, Cash Plus aims to maintain a vigorous growth pace in the second half of 2026. The firm will continue leveraging its expanding physical network and digital channels, while exploring complementary business lines to diversify revenue streams.

Discussion (0)