AMMC clears Lesieur Cristal bid for Lesieur Cristal stock

Published on 10/14/2026 at 01:02 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Lesieur Cristal revenue reached MAD 2.595 billion in the first half of 2026, down 8.12 percent. For Lesieur Cristal stock, the loss was MAD 47 million.

Half-year results and ownership action

AMMC published an admissibility notice for the mandatory takeover bid on October 5, 2026.
First-half revenue reached MAD 2.595 billion, down 8.12 percent from the prior year.
Net income attributable to the group was a MAD 47 million loss in the first half of 2026.

LES, MA0000011116, Illustration mit AI erstellt.

AMMC declared a mandatory takeover bid for Lesieur Cristal (ISIN MA0000011116) admissible on October 5, 2026, adding an ownership event to a difficult half-year. The company reported consolidated revenue of MAD 2.595 billion for the first half of 2026, down 8.12 percent from MAD 2.824 billion a year earlier, according to Bourse News.

Mandatory bid adds ownership angle

AMMC published the notice concerning the mandatory public offer initiated by Oleosud, a subsidiary of Soprol and the Avril group, alongside CIMR, CMR, Wafa Assurance, MAMDA and MCMA. The notice concerns Lesieur Cristal securities and gives the stock a corporate-action angle beyond its operating figures.

For shareholders and market participants, the bid matters because the ownership structure and the operating recovery are developing at the same time. The half-year release described a plan to rebuild Moroccan volumes, improve industrial performance and maintain strategic investment during the second half of 2026.

Losses outweigh EBITDA improvement

The earnings mix was sharply uneven. Consolidated EBITDA rose to MAD 140 million in the first half of 2026 from MAD 130 million a year earlier, an increase of 7.69 percent, while operating profit fell to MAD 32 million from MAD 44 million, a decline of 27.27 percent, according to Bourse News.

Net income attributable to the group turned into a MAD 47 million loss, compared with a MAD 12 million profit in the first half of 2025. The source attributed the deterioration to provisions linked to the Senegalese subsidiary, while Cristal Tunisie continued to contribute positively.

What could support the second half?

Revenue pressure eased during the period. The decline narrowed from 13 percent in the first quarter of 2026 to 2 percent in the second quarter, while Lesieur Cristal SA revenue rose 4 percent in the second quarter, according to Bourse News.

The contrast leaves investors with two separate signals: the core business showed sequential improvement, but provisions and international execution pushed the group into a loss. Lesieur Cristal also plans to develop its Tunisian business and examine strategic options for Oleosen during the second half of 2026.

Upcoming industry presentation

Lesieur Cristal is scheduled to exhibit at SIAL Paris from October 17 to October 21, 2026, where the company is listed as an exhibitor by SIAL Paris. The event gives the company a near-term platform to present its product portfolio and international ambitions after the first-half setback.