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Holcim Maroc Reports 8.1% Drop in Net Result Despite Stable Revenue in First Half 2026
Holcim Maroc reported a net consolidated result of 843 million DH for H1 2026, down 8.1% year-on-year. While revenue remained nearly flat at 4,152 billion DH, operating profit fell by 5.2% to 1,655 million DH. The company attributes the decline to weak cement demand and higher fuel costs, though strong concrete ready-to-use activity and cost management help stabilize revenues. Looking ahead, the group stays optimistic about the second half, citing infrastructure investments for the 2030 World Cup and ongoing housing support programs under its NextGen Growth 2030 strategy.
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Holcim Maroc Reports 8.1% Drop in Net Result Despite Stable Revenue in First Half 2026
Holcim Maroc reported a net consolidated result of 843 million DH for H1 2026, down 8.1% year-on-year. While revenue remained nearly flat at 4,152 billion DH, operating profit fell by 5.2% to 1,655 million DH.
Key Drivers
- Weak Cement Demand: The first-half cement market declined 1.3% over the first six months, pressuring top-line performance.
- High Fuel Costs: Rising energy prices impacted operational profitability, with current operating profit down 5.2%.
- Concrete Ready-to-Use Activity: Strong growth in this segment helped maintain revenue levels despite broader market weakness.
- Cost Management: The company successfully controlled production costs, partially offsetting adverse factors.
The net consolidated result stands at 843 MDH, compared to 918 MDH at the end of June 2025—a decline of 8.1%. In contrast, the net result improved to 859 MDH year-on-year (+5.2%).
Outlook for Second Half
Holcim Maroc remains cautiously optimistic about the second half of 2026. Key catalysts include infrastructure investments linked to the 2030 World Cup preparations, major announced projects, and continued support for the housing sector via its building solutions division. Under the "NextGen Growth 2030" strategy, the Moroccan subsidiary aims to expand cement and constructive activities while enhancing customer experience, operational excellence, and sustainability.