Cosumar's 2025 Profit Margin Squeezed by Tax Overhaul – Export Growth Fuels Outlook

Cosumar reported a 2.4% rise in consolidated revenue for 2025, reaching 10.5 billion dirhams, driven by stronger export volumes supported by expanded local production and new refining capacity. While operating profit dipped slightly and net profit fell due to a fiscal correction and non‑recurring items, the adjusted net result showed improvement. The board proposes a total dividend of 10 dirhams per share. Looking ahead, the company plans to aid flood‑hit farmers, capitalize on abundant rainfall, boost seed sowing for the 2025‑26 campaign and launch a decarbonisation project at its Casablanca refinery to expand export potential.

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