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Disway Reports Strong Q1 2026 Performance with 20.7% Revenue Growth
Disway, Morocco's leading IT distributor, has announced impressive first-quarter 2026 results with consolidated revenue reaching 498 million dirhams, representing a 20.7% increase compared to the same period in 2025. The performance was driven by strong growth in the Volume segment (+24.4%) and significant expansion in other activities, particularly in photovoltaics, though the Value segment experienced some challenges due to delayed project implementations.
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Disway Reports Strong Q1 2026 Performance
Disway, Morocco's leading IT distribution company, has published its Q1 2026 business indicators, showcasing remarkable growth in a challenging market environment.
The Group's consolidated revenue reached 498 million dirhams in the first quarter of 2026, demonstrating sustained growth of +20.7% compared to the same period in 2025. This exceptional performance reflects the strong momentum of Disway Morocco combined with the positive contribution from all Group subsidiaries.
Segment Performance Analysis
Volume Segment
The Volume segment (fixed and portable PCs, printing, imaging, etc.) achieved a revenue of 367 million dirhams in Q1 2026, marking a significant increase of +24.4% compared to 2025. This growth is driven by sustained demand in the Computing segment, both in Morocco and internationally.
Value Segment
The Value segment (storage, servers, networking, security) stood at 97 million dirhams, compared to 106 million dirhams in Q1 2025. This development is primarily explained by delays in the execution of several structural projects, whose implementation is expected in the coming quarters.
Other Activities
Other activities generated a revenue of 34 million dirhams, compared to 11 million dirhams a year earlier. This strong progression is driven by the excellent momentum in photovoltaic activities.
Market Position and Outlook
In an international context marked by geopolitical tensions and a significant increase in memory prices, Disway has successfully consolidated its position as the leader in IT distribution in Morocco, while gradually strengthening its footprint in West Africa.
Tax Settlement
Regarding the tax audit of the Disway Tunisia subsidiary covering the 2020-2023 fiscal years, a global agreement has been signed with the tax administration for an amount of 461,871 Tunisian dinars (approximately 1.5 million dirhams), covering all notified adjustments and allowing for the definitive closure of this case.
The company continues to demonstrate resilience and adaptability in a challenging market environment, positioning itself for sustained growth in the coming quarters.