AFI stock fell 0.31 percent while first-half profit grew 25 percent

Published on 10/08/2026 at 02:49 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

AFI stock trades on Casablanca, with market capitalization at MAD 96.2 million on October 8, 2026. H1 operating profit reached MAD 5.96 million as revenue advanced 5 percent.

AFI, MA0000012114, Illustration mit AI erstellt.

Afric Industries (ISIN MA0000012114) stock was last quoted at MAD 323 on the Casablanca Stock Exchange on October 7, 2026, down 0.31 percent, with 192 shares traded and a session range of MAD 323 to MAD 328. The price report comes as the Moroccan industrial group shows faster profit growth than sales growth in the first half of 2026.

Profit growth outpaced revenue

According to AlphaBourse on September 21, 2026, revenue reached MAD 22.49 million in the six months ended June 30, 2026, up 5 percent from MAD 21.32 million in the same period of 2025. Abrasives sales increased 11 percent and provided the main commercial contribution.

The earnings conversion was stronger. Operating profit rose 20 percent to MAD 5.96 million from MAD 4.96 million, while net profit increased 25 percent to MAD 3.95 million from MAD 3.17 million, according to the same first-half report published by AlphaBourse.

Abrasives remain the core driver

The first-half figures point to operating leverage rather than a purely volume-led expansion. Revenue grew 5 percent, but operating profit grew four times as fast in percentage terms, while net profit growth reached five times the sales growth rate.

The company website describes Afric Industries as a manufacturer and seller of flexible abrasive papers for manual sanding, serving woodworking, metal, leather, glass, automotive, paint and plastics businesses. It also lists aluminum accessories and EPDM and TPE sealing products as a second activity, according to the company's website.

Stock stays near the yearly floor

AFI's market capitalization stood at MAD 96.2 million on October 8, 2026. The 52-week range was MAD 322.2 to MAD 350, placing the October 7 price only MAD 0.8 above the lower end and MAD 27 below the high.

For investors, the key contrast is clear: the stock remains close to its yearly low while first-half operating profit and net profit expanded faster than revenue. The next market signal is whether the second-half performance can preserve that margin improvement.