Alliances Developpement Immobilier stock reports 6.5 percent growth in H1 2026-10-06

Published on 10/06/2026 at 13:09 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Alliances Developpement Immobilier stock posted MAD 538 million in H1 2026 gross profit, up 16 percent year over year. Net income reached MAD 229.6 million.

ADI, MA0000011819, Illustration mit AI erstellt.

Alliances Developpement Immobilier (ISIN MA0000011819) reported MAD 1.418 billion in consolidated revenue for the first half of 2026, up 6.5 percent from MAD 1.333 billion a year earlier. The Casablanca-listed developer released the figures after its board reviewed the six-month accounts on September 30, 2026, according to Walaw.

Revenue reaches MAD 1.418 billion

The revenue increase was accompanied by a sharper improvement in gross profit. Gross profit reached MAD 538 million in H1 2026, 16 percent above the first half of 2025, lifting its share of revenue from 35 percent to 38 percent, Walaw reported.

Consolidated operating income rose to MAD 409.7 million from MAD 320.5 million in the same period of 2025. Net income reached MAD 229.6 million, compared with MAD 215.7 million a year earlier, representing growth of 6 percent.

Debt falls as projects expand

Net debt stood at MAD 1.179 billion on June 30, 2026, compared with MAD 1.278 billion on March 30, 2026. The 8 percent reduction gives the company a stronger financing position while its development pipeline continues to grow, according to le360.

Commercial indicators point to 3,267 units in presale, a 4,356-unit order book, 6,312 units produced and 1,703 final sales during the first half of 2026. The project portfolio represents projected revenue of MAD 23 billion over the coming years, while new residential developments are advancing in northern Morocco, Mdiq and Marrakech.

One analyst targets MAD 526

For market context, Investing.com listed one analyst Buy rating and an average 12-month price target of MAD 526.00 in its September 29, 2026 overview. The consensus section showed zero Hold ratings and zero Sell ratings, according to Investing.com. The single-analyst sample makes the target a limited market reference rather than a broad consensus signal.

ADI stock closed at MAD 360

ADI stock closed at MAD 360.00 on the Casablanca Stock Exchange on October 5, 2026, down 1.37 percent. The session range was MAD 359.00 to MAD 365.00, with 3,200 shares traded.