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Aluminium du Maroc Reports 9% Revenue Drop in Q1 2026 Amid Middle East Supply Shock
Aluminium du Maroc opened 2026 under a cloud of higher input costs, chiefly due to the ongoing Middle‑East conflict and its knock‑on effects on global supply chains. The company’s Q1 turnover fell 9 % to 271.95 million MAD, a slowdown it links to reduced export demand and delayed purchase decisions amid geopolitical uncertainty.
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Aluminium du Maroc opened its 2026 fiscal year facing a sharp rise in input costs, driven largely by the ongoing conflict in the Middle East and its ripple effects on global supply chains.
Revenue performance
The company posted a quarterly turnover of 271.95 million MAD at the end of March 2026, which represents a 9 % decline compared with the same period last year.
Reasons behind the dip
Management attributes the slowdown to the economic fallout from geopolitical tensions in the Middle East, which have dampened export demand and caused buyers to postpone purchases amid higher prices and overall market caution.
Domestic market resilience
Despite the external headwinds, the firm notes that demand in the Moroccan market remains stable, underscoring the robustness of its business model.
Investments and modernization
Capital spending for the quarter amounted to 1.42 million MAD, primarily directed toward upgrades, maintenance and preservation of existing production facilities.
Financial position
Net financial debt stood at 481.87 million MAD, down 5 % from the end‑2025 balance. The reduction reflects ongoing efforts to optimise working‑capital needs and strengthen the balance sheet through disciplined financial management.
Overall, Aluminium du Maroc demonstrates a resilient outlook, but the near‑term revenue pressure highlights the need for continued vigilance as geopolitical uncertainties persist.