SBM stock: Boissons du Maroc reported MAD 1.23 billion revenue. What it means for SBM stock

Published on 10/24/2026 at 01:42 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Boissons du Maroc's operating profit rose 16.20 percent to MAD 159.40 million. For SBM stock, net income reached MAD 79.90 million.

First-half operating update

September 25, 2026 results showed operating profit growth of 16.20 percent.
The first-half operating margin reached 12.90 percent in 2026.
SBM invested MAD 33.00 million during the first half of 2026.

SBM, MA0000011033, Illustration mit AI erstellt.

Boissons du Maroc (MA0000011033) reported consolidated first-half revenue of MAD 1.23 billion for 2026, up 4.30 percent from the same period in 2025. Dirham Digest published the results on September 25, 2026, highlighting stronger second-quarter activity and a wider operating margin.

What does the margin mean?

The operating result rose 16.20 percent to MAD 159.40 million in the first half of 2026, while the operating margin increased from 11.60 percent to 12.90 percent. That combination gives the revenue increase more weight than the headline sales figure alone, because operating profit grew faster than revenue.

Second-quarter revenue reached MAD 915.00 million, an increase of 9.80 percent from the same quarter of 2025. Raseef24 attributed the acceleration to local brands including Flag Special Gold and Casablanca, seasonal demand, and commercial activity linked to the 2026 World Cup.

Why did net income fall?

Net income reached MAD 79.90 million in the first half of 2026, compared with MAD 87.30 million a year earlier. The comparison was affected by non-recurring items in the first half of 2025, so the published decline does not fully reflect the improvement in operating performance.

SBM also completed a 33.33 percent investment in Africa Retail Market during the second quarter. The distributor handles Hyper U, Super U, and U Express products in Morocco, while consolidated investment reached MAD 33.00 million in the first half of 2026.

Distribution broadens the earnings picture

Net financial debt stood at MAD 27.00 million at the end of June 2026, according to Raseef24. The company plans to continue developing its brands and introducing new beverage flavors during the second half of 2026, giving investors an operating expansion angle alongside the margin improvement.

Investing.com identified the Casablanca listing as CSE:SBM on September 29, 2026.