Stocks Market
Cosumar Q1 2026 Results Show 14% Profit Decline as Sugar Export Revenues Fall
Cosumar’s net profit slipped to MAD 333 million in H1‑2026, down 14 % year‑on‑year, while consolidated sales fell 10 % to MAD 4.83 billion. The decline was driven by lower global sugar prices, flood damage in Morocco’s Gharb and Loukkos regions, and port congestion that hampered imports and exports. Improved logistics in Q2 helped recover much of the missed volume, and a recent rebound in sugar prices since August supports the company’s refining and export outlook. Looking forward, Cosumar expects port traffic to normalize and plans to expand sugar‑cane acreage for the 2026/27 campaign, alongside the upcoming launch of its liquid CO₂ project in early 2027.
Listen to this article
Unlock audio versions of premium articles and more with a Pro subscription.
Cosumar Q1 2026 Results: Profit Down 14% on Lower Sugar Export Revenues
Cosumar reported a net profit of MAD 333 million for the first half of 2026, a 14 % decline from MAD 387 million a year earlier. Consolidated revenues fell 10 % to MAD 4.83 billion, reflecting weaker global sugar prices and disruptions to export sales.
The group cited a sharp drop in world sugar prices as the primary driver of the revenue contraction, which hit its export business. In addition, severe floods in the Gharb and Loukkos regions and port‑side congestion in Q1 impaired both import and export operations. However, improved logistics conditions in the second quarter helped recover much of the volume backlog accumulated earlier in the year.
Looking ahead, Cosumar expects the gradual normalization of port traffic to keep the company on track to meet its 2026 budget targets. The company also highlighted a notable rebound in sugar prices since early August, accompanied by a rising “white‑sugar” premium, which bodes well for its refining and export activities. Its refining capacity exceeds 7,000 tonnes per day.
In the agricultural sector, better reservoir levels support the outlook for the 2026/2027 sugar‑cane campaign, with Cosumar planning to cultivate more than 60,000 hectares. The firm also announced that its liquid carbon‑dioxide project will reach industrial operation and begin deliveries in Q1 2027.
Key Takeaways
- Net profit down 14 % YoY to MAD 333 million.
- Consolidated sales fell 10 % to MAD 4.83 billion.
- Sugar price slump and flood/port disruptions hurt Q1 performance.
- Logistics recovery in Q2 helped reclaim lost volumes.
- Sugar prices rebounding since August boost export outlook.
- Refining capacity remains above 7,000 t/day.
- Plan to plant >60,000 ha for 2026/27 sugar‑cane season.
- Liquid CO₂ project slated for Q1 2027 commercial launch.