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Jet Contractors Reports 10.3% Revenue Growth in H1 2026 with Record Order Book of 12.8 Billion Dirhams
Moroccan construction giant Jet Contractors has delivered solid first-half results for 2026, with consolidated revenue climbing 10.3% year-over-year to 1.607 billion dirhams. The company's momentum accelerated in Q2, posting 15% growth, while its order book surged 39% to reach nearly 12.8 billion dirhams. Despite rising net debt levels attributed to upfront financing for major infrastructure projects, the diversified contractor maintains strong positioning across building, public works, and energy sectors with significant exposure to Africa.
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Jet Contractors has maintained its growth trajectory through the first half of 2026, reporting consolidated revenue of 1.607 billion dirhams compared to 1.460 billion dirhams at the end of June 2025, representing a solid 10.03% increase.
The company's performance gained momentum during the second quarter, with revenue reaching 834.8 million dirhams versus 725.8 million dirhams in the same period of 2025—a robust 15% year-over-year expansion.
Strategic Investment Cycle
The Group continues to enhance its production capabilities through a new investment cycle. Consolidated investments totaled 95.9 million dirhams in the first half, down from 143.15 million dirhams a year earlier. Second quarter investments specifically amounted to 45.5 million dirhams, compared to 134.53 million dirhams in Q2 2025.
Record Order Book Signals Future Growth
The most significant forward-looking indicator remains the company's order book, which reached nearly 12.8 billion dirhams at the end of June—an impressive 39% increase year-over-year. International markets now represent 30% of this portfolio, with the company establishing operations across multiple African countries.
Among the Group's major ongoing projects are:
- The high-speed rail line LGV Toarc 6 Kénitra-Marrakech
- The expansion of Marrakech-Ménara Airport
- The Euromed University Hospital in Fez
- The CHU Ibn Sina in Rabat
Rising Debt Levels Reflect Growth Ambitions
The company's business expansion has been accompanied by a notable increase in leverage. Consolidated net debt reached 2.066 billion dirhams at the end of June 2026, up from 1.609 billion dirhams a year prior—a 28% increase. Jet Contractors attributes this primarily to upfront financing required for launching new major projects, as well as new leasing investments.
Outlook and Diversification Strategy
Looking ahead, the Group is banking on the depth of its order book and its diversified presence across building construction, public works, and energy sectors. Jet Contractors particularly emphasizes the development of its public works division, focusing on civil engineering structures and transport infrastructure, alongside the growing contribution of Jet Energy.