Stokvis Nord Afrique stock: First-half loss reaches MAD 7.10 million at Stokvis Nord Afrique stock

Published on 10/24/2026 at 03:51 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Stokvis Nord Afrique lost MAD 7.10 million in the first half on September 30, 2026. Stokvis Nord Afrique stock had MAD 112.70 million in revenue.

Revenue and balance sheet figures

Stokvis Nord Afrique reported a MAD 7.10 million consolidated loss for the first half on September 30, 2026.
First-half revenue reached MAD 112.70 million versus MAD 107.60 million a year earlier.
Stokvis Nord Afrique stock closed at MAD 47.06 on the Casablanca Stock Exchange on October 23, 2026.

STK, MA0000012700, Illustration mit AI erstellt.

Stokvis Nord Afrique (ISIN MA0000012700) reported a consolidated loss of MAD 7.10 million for the first half of 2026, as revenue increased but operating profitability weakened. Dirham Digest published its analysis on September 30, 2026.

First-half revenue still grew

Consolidated revenue reached MAD 112.70 million in the first half of 2026, up from MAD 107.60 million in the first half of 2025, according to Dirham Digest. The increase was not enough to offset higher operating costs and a weaker contribution from the group's mining-related activity.

What does the loss mean for margins?

The operating result fell from MAD 19.70 million to MAD 4.40 million in the first half of 2026, while the operating margin narrowed from 18.30 percent to 3.90 percent. The figures show that additional sales did not translate into comparable earnings power. Stokvis Industries generated MAD 12.00 million of revenue, an increase of 31.00 percent, but the division remained too small to reverse the group-wide margin pressure, Dirham Digest reported.

Three dated steps for investors

The financial story developed in three measurable stages. On April 29, 2026, the annual report for fiscal year 2025 showed revenue of MAD 219.00 million and net profit of MAD 26.50 million, according to The African Exponent Data. On September 30, 2026, first-half revenue rose to MAD 112.70 million while the group posted a MAD 7.10 million loss. On October 23, 2026, Stokvis closed at MAD 47.06 on the Casablanca Stock Exchange, according to Yuna.

Balance sheet remains the risk

The first-half loss came with heavier financing pressure. Net financial charges declined from MAD 13.60 million to MAD 8.60 million, yet still exceeded the operating result. Consolidated equity stood at negative MAD 134.80 million at the end of June 2026, compared with negative MAD 96.50 million at the end of fiscal year 2025. For investors, the central test is whether revenue growth can rebuild operating margins while the balance sheet absorbs accumulated losses.

Stock and company details

The latest Casablanca close was MAD 47.06 on October 23, 2026. Stokvis Nord Afrique imports, distributes and rents agricultural, industrial, mining and construction equipment in Morocco.