Stocks Market
Moroccan Brokerage Firms Profit Surge by 158% in 2025
Morocco’s stock‑intermediary sector posted a spectacular jump in profitability in 2025. The fifteen licensed brokerage houses combined to generate a net profit of MAD 394 million – a 158% increase over the previous year – while their total revenue neared the MAD 1 billion mark. The growth was driven by a handful of larger players accounting for more than two‑thirds of sector turnover, and by strong equity contributions from bank‑affiliated firms. These figures underline a consolidation trend and a solid balance‑sheet expansion, with shareholders’ equity rising to roughly MAD 1 billion, a 56% uplift from 2024. The data suggest a robust outlook for brokerage services in the Moroccan market.
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Key Financial Highlights for 2025
Net profit: The combined net profit of the fifteen Moroccan brokerage firms rose from MAD 153 million in 2024 to MAD 394 million in 2025, marking a 157.7% increase year‑over‑year.
Revenue: Total sector revenue reached MAD 974 million, up roughly 95% from the previous fiscal year.
Industry Concentration
Despite the strong growth, the market remains concentrated. Five firms account for 68.33% of total revenue. Moreover, eight brokerages linked to banks generated 66% of sector turnover**, while the seven independent firms contributed the remaining 34%**.
Balance‑Sheet Strengthening
Shareholders’ equity of the brokerage sector grew by 56.22%**, reaching approximately MAD 1 billion, compared with MAD 647 million a year earlier.
These figures suggest that the brokerage industry is not only expanding profitably but also reinforcing its financial foundations, providing a solid platform for future growth.