Sonasid stock: Sonasid reports 72 percent first-half profit growth. What it means for Sonasid stock

Published on 10/22/2026 at 05:32 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Sonasid reports first-half revenue of MAD 3.051 billion, flat year over year. Profitability gives Sonasid stock a 30 percent EBITDA rise to MAD 329 million.

Profit and investment facts

Sonasid reported MAD 167 million in first-half net income on September 30, 2026.
Planned 2026 investment totals MAD 514 million, including MAD 333 million for strategic projects.
First-half investment reached MAD 149 million, up 48 percent on September 22, 2026.

SID, MA0000011058, Illustration mit AI erstellt.

Sonasid (MA0000011058) reported first-half 2026 net income attributable to the group of MAD 167 million, up 72 percent from the same period of 2025, in figures published on September 30, 2026 by AMMC. The result gives Sonasid stock a clear earnings angle even as revenue stayed broadly stable.

Profit grows faster than revenue

Consolidated revenue reached MAD 3.051 billion in the first half of 2026, compared with a similar level in the first half of 2025. The contrast was operational rather than top-line driven: consolidated EBITDA increased 30 percent to MAD 329 million, while group operating profit rose 46 percent to MAD 258 million, according to Aujourd'hui Le Maroc.

What does profit growth mean?

The first-half figures point to stronger profitability through volume growth, higher-value products and operating improvements. Quarterly revenue in the second quarter rose 12 percent from the second quarter of 2025, while the full half-year revenue comparison remained stable. That combination puts cost control and product mix ahead of simple sales expansion in the investor narrative.

Three dated company milestones

On September 17, 2026, Sonasid's board approved the accounts for the six months ended June 30, 2026, with social revenue of MAD 3.049 billion and social net income of MAD 176 million, according to Aujourd'hui Le Maroc. On September 22, 2026, coverage highlighted MAD 149 million of first-half investment, up 48 percent year over year. On September 30, 2026, the half-year financial results appeared in the issuer record at AMMC.

Reporting date and investment plan

The investor page identifies June 30, 2026 as the half-year reporting date and lists the half-year report among Sonasid's latest publications. For the full 2026 fiscal year, the company plans MAD 514 million of investment, including MAD 333 million for strategic projects, according to Industries du Maroc.

Industrial spending remains central

The investment program includes a new furnace in Nador and modernization of the steelworks. For investors, the key measure is whether this spending converts the stronger first-half operating performance into sustained volume and margin gains during the remainder of 2026.