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Addoha Q1 2026 Revenue Rises 5% as Pre‑sales and Production Surge
Moroccan property developer Addoha reported a solid 5 % increase in consolidated revenue for the first quarter of 2026, reaching MAD 758 million. Pre‑sales climbed to 3.018 units, driven by strong demand both in Morocco (2.369 units) and West‑African markets (649 units). Production activity also accelerated, with units under construction rising to 26 995, 34 % of which are located in West Africa. The company now secures more than MAD 12.1 billion of contracted revenue, split between MAD 8.3 billion in Morocco and MAD 3.8 billion in West Africa, while net debt stands at MAD 4.6 billion as of March 31, 2026.
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Q1 2026 Highlights for Addoha
Revenue growth: The group posted consolidated revenue of MAD 758 million, a 5 % increase over the same period in 2025 (MAD 722 million).
Pre‑sales performance: Addoha sold 3 018 units in Q1 2026, up from 2 908 units a year earlier. Breakdown:
- Morocco: 2 369 units (versus 2 318 in Q1 2025)
- West Africa: 649 units (versus 590 in Q1 2025)
Secured revenue portfolio: The company now holds more than MAD 12.1 billion of contracted revenue, with MAD 8.3 billion generated in Morocco and MAD 3.8 billion in West Africa.
Construction pipeline: Units under construction rose sharply to 26 995, compared with 19 240 a year ago. West Africa accounts for 34 % of this volume.
Financial position: Net debt at the end of March 2026 stood at MAD 4.6 billion.
These figures underline Addoha’s continued expansion in both its home market and the broader West African region.