Alliances reports growth as Alliances stock trails 30.66 percent YTD

Published on 10/01/2026 at 12:01 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Alliances stock revenue hit MAD 1.418 billion in the first half of 2026, up 6.50 percent. Market cap was MAD 8.6 billion on September 22, 2026.

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Alliances (ISIN MA0000011819) reported 6.50 percent revenue growth for the first half of 2026, while Alliances stock showed a 30.66 percent year-to-date decline in the September 22, 2026 market snapshot. The latest figures point to stronger quarterly execution but a weaker share-price backdrop.

Second quarter drives growth

According to Medias24 on September 3, 2026, consolidated revenue reached MAD 1.418 billion in the first half of 2026, compared with MAD 1.3 billion in the first half of 2025. That places the year-over-year increase at 6.50 percent.

The quarterly split was more striking. Revenue reached MAD 803.0 million in the second quarter of 2026, up 30.00 percent from MAD 618.0 million in the second quarter of 2025, according to Medias24. Pre-sales rose 2.00 percent year over year to 3,267 units by the end of June, while second-quarter pre-sales increased 16.00 percent to 1,639 units.

Profit and debt shape the picture

ID Bourse reported on September 30, 2026 that consolidated net income reached MAD 229.6 million in the first half of 2026, up 6.00 percent, while gross margin improved 16.00 percent. The combination matters because revenue accelerated faster in the second quarter than pre-sales did across the half-year.

Net debt stood at MAD 1.179 billion at the end of June 2026, down from MAD 1.278 billion at the end of March 2026, according to Medias24. The decline in net debt provides a counterweight to the more moderate 2.00 percent growth in cumulative pre-sales.

Casablanca valuation stays below yearly high

Alliances traded at MAD 380.00 on the Casablanca Stock Exchange on September 29, 2026. The same dated market view places the 52-week range at MAD 360.00 to MAD 639.00, leaving the share price 40.53 percent below the high. Market capitalization was MAD 8.6 billion on September 22, 2026.