Involys stock reports a first half loss as sales fall 35 percent

Involys stock's first-half 2026 revenue fell 35 percent to MAD 14.4 million, while net income turned negative. The company reported the figures on September 28, 2026, as Alphabourse described the half-year performance.

Revenue falls after Gabon setback

Involys generated total products of MAD 18.2 million in the first half of 2026, down 33 percent from the first half of 2025, according to Alphabourse. The revenue decline followed the non-renewal of the company's assistance agreement with the Gabonese government for 2026.

Operating expenses declined 10.7 percent year over year to MAD 19.2 million through June 30, 2026. Personnel costs accounted for MAD 10.9 million, while operating allowances reached MAD 5.5 million, the same report said.

Losses replace prior profit

Operating income was negative MAD 1.5 million in the first half of 2026, compared with positive operating income of MAD 3.8 million in the first half of 2025. Net income fell to a loss of MAD 3.8 million from a profit of MAD 2.8 million over the same period, according to Alphabourse.

Research and development spending remained at MAD 3.3 million through June 30, 2026. Involys said it was adapting its organization, controlling costs and expanding commercial activity in Morocco and Africa while maintaining R&D investment.

INV shares trade at MAD 118.00

INV was last quoted at MAD 118.00 on the Casablanca Stock Exchange on October 7, 2026, down 1.13 percent on the session. The stock opened at MAD 116.00, reached a session high of MAD 118.00 and a session low of MAD 116.00, with volume of 230 shares.

Involys describes its business as digital transformation support for companies and public administrations, spanning software editions, consulting, integration and innovative solutions. Its website also highlights research and development in artificial intelligence and the Internet of Things, linking the company's investment program to its longer-term product strategy.

Loss narrows the investor question

The key issue is whether new commercial activity can offset the lost Gabon agreement. The first-half comparison shows the scale of that challenge: revenue dropped MAD 7.8 million from the prior-year period, while net income deteriorated by MAD 6.6 million.

For investors, the combination of lower sales and continued R&D spending makes execution in Morocco and Africa central to the next earnings update. The October 7 market quote gives the stock a concrete reference point while the half-year figures define the financial pressure behind it.