AGMA reports MAD 100.80 million revenue. AGMA stock sees EBITDA fall 0.74 percent
Published on 10/19/2026 at 00:53 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSOperating results through September
- AGMA's board approved first-half figures on September 18, 2026, including MAD 100.80 million in consolidated revenue.
- EBITDA declined from MAD 54.10 million to MAD 53.70 million for the first half of 2026.
- The company received a tax inspection notice on June 2, 2026, covering fiscal years 2022 through 2025.
AGMA (MA0000010944) reported consolidated revenue of MAD 100.80 million for the first half of 2026, up from MAD 96.10 million a year earlier. Atlas Mag reported the figures on September 29, 2026, while the company's board had approved the accounts on September 18, 2026.
Revenue crossed MAD 100 million
The first-half revenue increase equals 4.89 percent when calculated from the reported MAD 96.10 million comparison base. 212Assurances attributed the increase to new business and the consolidation of contracts in the portfolio. Group net profit stood at MAD 39.10 million versus MAD 38.50 million in the first half of 2025.
What does the margin shift mean
The operating picture was mixed. EBITDA declined from MAD 54.10 million to MAD 53.70 million, a calculated decrease of 0.74 percent, while current operating profit fell from MAD 52.00 million to MAD 51.10 million, a 1.73 percent decrease. The revenue gain therefore came with a modest contraction in the two operating measures that show how much of the additional business reached operating earnings.
For investors, the contrast is more informative than the revenue milestone alone. The company expanded activity beyond MAD 100 million for the six-month period, but the next test is whether new contracts can restore operating profit growth during the second half.
Three dates frame 2026 results
On June 2, 2026, AGMA received a tax inspection notice covering corporate income tax, personal income tax and value-added tax for fiscal years 2022 through 2025. On June 26, 2026, the follow-up audit for ISO 9001:2015 certification ended with no discrepancy or weakness reported. On September 18, 2026, the board reviewed and approved the accounts through June 30, 2026, including MAD 100.80 million in consolidated revenue, as Alpha Bourse reported.
Business remains focused on insurance advice
AGMA describes its business as insurance and reinsurance consulting, brokerage, program management, claims handling and risk-prevention support. Its service offering includes commercial auto fleets, workplace accidents, travel, machinery breakdown and retirement savings products.
Operating figures set the next benchmark
The first-half figures leave a clear benchmark for the rest of 2026: revenue of MAD 100.80 million, EBITDA of MAD 53.70 million and current operating profit of MAD 51.10 million. The earnings mix will show whether portfolio growth can translate into stronger operating profitability.
AGMA key facts
- Company: AGMA
- ISIN: MA0000010944
- Ticker: AGM
- Sector / Industry: Financial services / Insurance brokerage
- First-half revenue: MAD 100.80 million (six months ended June 30, 2026)
- First-half EBITDA: MAD 53.70 million (six months ended June 30, 2026)
- First-half group net profit: MAD 39.10 million (six months ended June 30, 2026)
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