Stocks Market
Jet Contractors Reports 5.1% Revenue Rise in Q1 2026, Backlog Hits 13bn Dirhams
Jet Contractors announced a 5.1 % increase in first‑quarter 2026 revenue, reaching DH 771.92 million. The company’s order backlog now stands at roughly DH 13 billion, with exports accounting for 29 % of the portfolio. Net consolidated debt rose to DH 1.818 billion, reflecting ongoing investments in production tools and equipment. The firm’s diversified activities—from construction and civil engineering to energy—combined with a strong backlog, underpin an ambitious outlook for 2026, suggesting a positive trajectory for its stock.
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Key Financial Highlights – Q1 2026
- Revenue: DH 771.92 million, up 5.1% YoY.
- Order backlog: Approximately DH 13 billion, with export contracts representing 29% of the total.
- Net debt (consolidated): DH 1.818 billion as of 31 March 2026, a 10% increase from the previous quarter.
- Investment focus: Continued spending on industrial production tools and fleet expansion, mirroring the previous year’s strategy.
Strategic Outlook
Leveraging a solid order book, Jet Contractors enters 2026 with an ambitious growth agenda. The company’s diversified portfolio—spanning building works, civil engineering, and energy projects—combined with its international presence, underpins a resilient business model.
The group is cementing its role as a leading player in public‑works infrastructure (bridges, transport facilities, dams) through sizable investments in production capacity. Its industrial assets are operating at full speed, delivering both autonomy and competitive edge.
Jet Energy, the subsidiary focused on power generation, continues to post strong growth, positioning it as a strategic growth driver for the group.