SRM stock: SRM corrects first-half sales figures for SRM stock

Published on 10/24/2026 at 02:37 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

The revised note shows first-half revenue down 19 percent. SRM stock had a MAD 149.8 million market value in Casablanca as of October 22, 2026.

First-half figures corrected

SRM corrected its first-half sales commentary on October 23, 2026, with revenue down 19 percent.
The order backlog reached MAD 328 million on June 30, 2026.
SRM had a MAD 149.8 million market value as of October 22, 2026.

SRM stock, industrial equipment, first-half results, financial correction, Casablanca Stock Exchange, Illustration mit AI erstellt.

Société de Réalisations Mécaniques corrected its first-half 2026 sales commentary on October 23, 2026, saying revenue was MAD 122.33 million, down 19 percent from the first half of 2025, according to Zonebourse. The correction also changed the picture for the industrial machinery division, where sales rose 7 percent year over year.

What changed in the first half

The revised disclosure matters because the earlier commentary had described a 41 percent decline in industrial machinery sales. SRM said that figure was wrong, while the corrected report showed a 7 percent increase in that division. The company also reported a 4 percent increase in services revenue and a 34 percent decline in parts revenue, reflecting delayed billing, according to Zonebourse.

What does the backlog mean for revenue?

The order backlog reached MAD 328 million on June 30, 2026, against first-half revenue of MAD 122.33 million. That comparison points to a delivery and billing issue rather than a simple demand shortfall, but the backlog still has to convert into recognized sales and operating profit. A September 29 review by Dirham Digest said the operating result moved from a profit of MAD 3.63 million to a loss of MAD 6.64 million in the first half of 2026.

Three dates show the shift

On September 29, 2026, Dirham Digest described first-half revenue of MAD 122.3 million and an order backlog of MAD 328 million. On October 1, 2026, SRM published results for the six months ended June 30, 2026, with revenue of MAD 122.33 million, as listed by Zonebourse. On October 23, 2026, the company corrected the industrial machinery comparison to a 7 percent increase.

Stock context in Casablanca

SRM is listed on the Casablanca Stock Exchange under the ticker SRM and operates in industrial equipment distribution. The stock had a market capitalization of MAD 149.8 million as of October 22, 2026, while the latest dated quote stood at MAD 449.00 on October 12, 2026. The revised figures leave investors with two opposing signals: a stronger industrial machinery division and weaker reported profitability during the first half.