Aluminium du Maroc posts 31 percent profit growth: what it means for Aluminium du Maroc stock

Published on 10/14/2026 at 05:03 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

H1 2026 revenue fell 7 percent to MAD 603.7 million. For Aluminium du Maroc stock this means MAD 41.0 million in net income.

Profit and revenue diverge

Net income reached MAD 41.0 million in the first half of 2026, up from MAD 31.3 million.
Revenue fell to MAD 603.7 million from MAD 650.1 million in the first half of 2025.
Operating income increased to MAD 77.3 million from MAD 63.0 million.

ALM, MA0000010936, Illustration mit AI erstellt.

Aluminium du Maroc (ISIN MA0000010936) posted 31 percent higher net income in the first half of 2026, reaching MAD 41.0 million from MAD 31.3 million a year earlier, according to AlCircle on October 8, 2026. The result gives Aluminium du Maroc stock a clear earnings reference even as sales contracted.

Profit outpaces revenue

Consolidated revenue declined to MAD 603.7 million in the first half of 2026 from MAD 650.1 million in the first half of 2025, a decrease of 7 percent, AlCircle reported. Net income therefore expanded while the top line weakened, creating a sharper profitability signal than the revenue figure alone.

Operating income also rose to MAD 77.3 million from MAD 63.0 million in the comparable period, according to Dirham Digest on September 30, 2026. That increase of MAD 14.3 million, or 22.70 percent, shows that operating earnings improved alongside the 31 percent rise in net income.

What the profit growth means

The first-half figures point to a margin-led earnings pattern: consolidated revenue fell by MAD 46.4 million, while operating income increased by MAD 14.3 million. Walaw Press described the period on October 1, 2026 as stronger profitability despite lower commercial activity.

Aluminium du Maroc manufactures aluminum alloy profiles for building and industrial applications, according to the company website. Its business combines extrusion solutions with architectural product ranges, linking the reported earnings trend to production and product mix rather than to revenue growth alone.

Aluminium du Maroc business profile

Aluminium du Maroc is listed under ticker ALM.MA on the Casablanca Stock Exchange. The company describes itself as a Moroccan producer serving building and industrial customers, with its headquarters and plant in Tangier.

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