Stocks Market
Cartier Saada Predicts 7% Revenue Decline for 2025/26 Amid Export Price Slump and Port Delays
Cartier Saada disclosed that its total turnover for the 2025‑2026 fiscal year is projected to fall by 7% versus the previous year, driven by a steep 25.5% drop in Q4 revenue. The downturn stems from a sharp correction in export olive‑oil prices, an abundant harvest that weakened stock values, and severe weather‑induced disruptions at the Casablanca port, which equated to about a month of lost activity. The company expects a negative net result for the period ending 31 March 2026 and awaits the activation of support measures agreed in the 2023 olive‑oil sector program.
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In a global backdrop of lingering economic, logistical and geopolitical uncertainty, coupled with aggressive competition from rival producing nations, Cartier Saada announced a 7% drop in total revenue for the 2025‑2026 fiscal year compared with the prior period.
Quarter‑end figures
The fourth quarter (January 1 – March 31 2026) recorded revenue of MAD 67 million, down from MAD 90 million in the same quarter a year earlier – a 25.5% contraction.
Key drivers of the decline
- Sharp correction in export olive‑oil prices, spurred by intensified competition and an unusually large olive harvest that depressed stock valuations and sale prices.
- Adverse weather that disrupted logistics and port operations. Cumulative stoppages at Casablanca port amounted to roughly one month of activity.
These factors are expected to erode profitability, pushing the net result for the period ending March 31 2026 into negative territory.
Outlook and support measures
The olive‑oil sector still awaits the implementation of assistance measures outlined in the 2023 sector‑wide program agreement. While the current agricultural season shows better climate signals, Cartier Saada remains cautious, citing the persisting international economic, logistical and geopolitical headwinds and strong overseas competition.
The company will continue to monitor the situation and adapt its strategy as conditions evolve.