AGMA reports H1 revenue growth: AGMA stock is up 10.61 percent YTD

Published on 10/14/2026 at 04:42 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Turnover reached MAD 100.8 million in H1 2026, up 4.9 percent year over year. AGMA stock posted MAD 39.1 million net profit, up 1.7 percent.

Half-year figures and company dates

AGMA reported 4.9 percent revenue growth for the first half of 2026.
Net profit reached MAD 39.1 million on September 29, 2026.
AGMA's market profile listed MAD 1.43 billion in market capitalization and 10.61 percent YTD performance.
The tax review covered fiscal years 2022 to 2025, while ISO 9001 follow-up took place on June 26, 2026.

AGM, MA0000010944, Illustration mit AI erstellt.

AGMA (ISIN MA0000010944) reported consolidated turnover of MAD 100.8 million for the first half of 2026, up 4.9 percent from MAD 96.1 million a year earlier. The result gives AGMA stock a fresh operating reference after the company released its half-year indicators on September 29, 2026, according to Atlas Mag.

What does 4.9 percent growth mean?

The revenue increase came with a clear difference between sales and profitability. AGMA's consolidated turnover rose by MAD 4.7 million year over year, while net profit attributable to the group reached MAD 39.1 million, compared with MAD 38.5 million in the first half of 2025.

Alphabourse reported on September 22, 2026, that the group's net profit increased 1.7 percent year over year. The same report put EBITDA at MAD 53.7 million, down 0.8 percent from MAD 54.1 million, showing that profit growth did not extend across every operating measure.

Profit grows 1.7 percent

The first-half figures also show a lower operating result. Current operating income stood at MAD 51.1 million, down 1.7 percent from MAD 52.0 million in the first half of 2025, while social net profit rose 7.5 percent to MAD 43.1 million.

For investors, the combination of higher turnover and a softer operating result makes the quality of growth more important than the headline revenue increase. AGMA describes its business as insurance consulting and brokerage, with services covering advice, placement and management of insurance programs, claims support and risk prevention.

Dates add regulatory context

AGMA received a tax verification notice on June 2, 2026, covering corporate income tax, personal income tax and value-added tax for fiscal years 2022 through 2025, according to Alphabourse. The follow-up audit for the company's ISO 9001 certification was completed successfully on June 26, 2026.

A company profile lists AGMA at a market capitalization of MAD 1.43 billion and a year-to-date performance of plus 10.61 percent, with the figures shown for the Casablanca listing on MyStocks Africa. AGMA's listing profile identifies the company as a multi-line insurance business traded on the Casablanca Stock Exchange under ticker AGM.MA.