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Akwa Group Subsidiaries Hit Q3 Targets with Strong Sales Growth and Investment Momentum

Afriquia Gaz and Maghreb Oxygène, the two publicly traded arm‑of Akwa Group, released consolidated performance indicators for Q3 2025 that largely align with their annual forecasts. Afriquia Gaz posted a slight 2.3% dip in Q3 sales due to falling buy‑back prices but still delivered 2,124 MDH, while its year‑to‑date (YTD) total rose 6.6% to 6,824 MDH. Meanwhile, Maghreb Oxygène saw a 3.3% drop in Q3 revenue to 71.4 MDH, with a modest YTD contraction. Both entities highlighted continued investment outlays—134.5 MDH for Afriquia Gat and 9.2 MDH for Maghreb Oxygène—maintaining a net debt position that improved over the previous year.

November 27th, 2025
2 min read
By boursenews.ma

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Both Afriquia Gaz and Maghreb Oxygène, the publicly listed arms of Akwa Group, released their consolidated performance data for the third quarter of 2025, confirming that they remain on track to hit their yearly targets.

Afriquia Gaz – Q3 2025 Key Highlights

  • Consolidated revenue: 2,124 MDH, down 2.3 % YoY as buy‑back prices fell.
  • Year‑to‑date revenue: 6,824 MDH, up 6.6 % from 6,403 MDH a year earlier.
  • Investments: 134.5 MDH in Q3 versus 114.4 MDH in Q3 2024; cumulative YTD 386.2 MDH, up from 347.5 MDH.
  • Net financial debt: 2,226 MDH as of 30 September 2025, reduced from 2,447.4 MDH.

Maghreb Oxygène – Q3 2025 Key Highlights

  • Consolidated revenue: 71.4 MDH, down 3.3 % YoY.
  • YTD revenue: 225.9 MDH, a slight contraction from 233.7 MDH.
  • Investments: 9.2 MDH at 30 September vs 3.3 MDH a year earlier.
  • Net financial debt: 119.6 MDH as of 30 September, up from 103.8 MDH.

Outlook

Afriquia Gaz remains confident that Q3 results are consistent with its forecasts, while Maghreb Oxygène reaffirmed its strategic plan and expressed confidence in achieving its financial goals. Both subsidiaries are maintaining robust investment momentum and improving debt profiles.

For more insights, see related articles on Afriquia Gaz and Maghreb Oxygène performance in earlier periods.

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