AFMA stock reports 12 percent profit growth in H1 2026

Published on 10/08/2026 at 05:51 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

AFMA stock follows first-half revenue of MAD 194.2 million and group net income of MAD 57.7 million reported on October 2, 2026. The Casablanca quote was MAD 1,265 on October 8.

AFM, MA0000012296, Illustration mit AI erstellt.

AFMA stock (ISIN MA0000012296) was listed at MAD 1,265 on the Casablanca Stock Exchange on October 8, 2026, as the Moroccan insurance broker's first-half figures showed faster profit growth than revenue growth. Atlas Mag reported on October 2, 2026, that consolidated revenue and net income attributable to the group both increased in the first six months of 2026.

Profit growth outpaces revenue

Consolidated revenue reached MAD 194.2 million in the first half of 2026, compared with MAD 177.5 million in the first half of 2025. That represents growth of 9 percent on an identical year-over-year basis.

Net income attributable to the group rose to MAD 57.7 million from MAD 51.4 million in the same periods, an increase of 12 percent. The comparison gives AFMA a clear earnings angle because profit expanded by 3 percentage points faster than consolidated revenue.

Parent company shows sharper rise

212 Assurances reported that AFMA SA generated MAD 165.3 million in revenue during the first half of 2026, up from MAD 149.8 million a year earlier. The parent company's revenue therefore grew 10 percent, one percentage point faster than the consolidated figure.

Parent-company net income reached MAD 64.5 million, compared with MAD 53.3 million in the first half of 2025. The 21 percent increase was 9 percentage points above the group's 12 percent rise in net income attributable to shareholders.

The consolidated net income was MAD 57.3 million, up 7 percent year over year, while consolidated current operating income reached MAD 80.1 million, an increase of 5 percent. The spread between these indicators makes the first-half report more useful than a revenue-only update because it shows growth across activity and profitability measures.

Insurance services anchor the business

AFMA's corporate offering covers liability, company vehicles, credit insurance, property damage, construction, cyber risk, business interruption and cargo transport. Its individual products include auto, home, personal accident, life and retirement savings solutions, according to the company's website.

That mix gives the first-half figures a direct operating link: AFMA combines insurance brokerage and advisory services for businesses with policies aimed at private customers. The reported 10 percent revenue increase at the parent level and 21 percent rise in parent-company net income show that the stronger result was not limited to the consolidated perimeter.

AFMA stock stays at MAD 1,265

AFMA stock was listed at MAD 1,265 on the Casablanca Stock Exchange on October 8, 2026. The quoted level puts the market's current reference point alongside first-half consolidated revenue of MAD 194.2 million and group net income of MAD 57.7 million.