Salafin stock: Salafin reports 7.20 percent first-half profit growth

Published on 10/24/2026 at 03:50 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Salafin earned MAD 50.1 million in first-half 2026 profit, up 7.20 percent year over year. Salafin stock reflects MAD 602 million in lending.

Half-year lending trends

Salafin's first-half 2026 net profit reached MAD 50.1 million versus MAD 46.7 million.
Automobile financing rose 9.50 percent to MAD 359 million during the first half of 2026.
Net banking income increased 2.20 percent to MAD 195 million in the first half of 2026.

Salafin stock, consumer finance, half-year results, Casablanca Stock Exchange, Illustration mit AI erstellt.

Salafin reported net profit of MAD 50.1 million for the first half of 2026, up 7.20 percent from MAD 46.7 million a year earlier. The result gives Salafin stock a clearer earnings marker as automobile financing offset weaker personal loans.

Automobile lending offsets weaker demand

Salafin's net credit production reached MAD 602 million in the first half of 2026, compared with MAD 604 million in the same period of 2025. According to Dirham Digest on September 29, 2026, automobile financing rose 9.50 percent to MAD 359 million, while personal loans fell 11.80 percent to MAD 243 million.

The mix matters because total production was broadly stable, yet the business shifted toward vehicle finance. The same analysis said financial loan balances reached MAD 3,139 million at the end of June 2026, up 1.40 percent from December 2025.

What supports the earnings growth?

Lower credit provisions provided the main support for profitability. Net provisions declined 6.80 percent to MAD 38 million, while general operating expenses rose 2.90 percent to MAD 70 million, meaning the profit increase did not come primarily from lower operating costs.

Net banking income increased 2.20 percent to MAD 195 million from MAD 191 million in the first half of 2025, according to Financial Afrik on October 8, 2026. For investors, the key tension is clear: vehicle finance is growing, but balanced expansion across both lending lines would provide a broader revenue base.

Casablanca price context

Salafin closed at MAD 418.00 on the Casablanca Stock Exchange on October 23, 2026. The half-year figures leave provisions and the recovery of personal lending as the main indicators for the next reported period.