Cash Plus reports first-half growth: what it means for Cash Plus stock

Published on 10/14/2026 at 05:43 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Cash Plus posted MAD 151 million in first-half net income, up 18 percent. For Cash Plus stock, volume reached MAD 62 billion, up 21 percent.

Growth and operating scale

Cash Plus reported MAD 151 million in first-half net income, up 18 percent.
Transaction volume reached MAD 62 billion in the first half of 2026, up 21 percent.
CFG Bank projects 10.3 percent average annual PNB growth through 2028.

CAP, MA0000012767, Illustration mit AI erstellt.

Cash Plus (ISIN MA0000012767) reported MAD 151 million in net income for the first half of 2026, an 18 percent increase. The first-half results were listed by AMMC on September 28, 2026, while Le Matin detailed the figures.

Transaction volume reaches MAD 62 billion

Cash Plus processed MAD 62 billion in total transactions during the first half of 2026, up 21 percent from the comparable period. The same period produced consolidated banking revenue of MAD 476 million, a 15 percent increase, while operating profit rose 20 percent to MAD 274 million, according to Le Matin.

The operating margin reached 58 percent, compared with 55 percent a year earlier, a three-point improvement. Average revenue per user increased 14 percent to MAD 70, giving the transaction growth a measurable operating link.

What does the growth mean?

Le Matin reported that CFG Bank expects Cash Plus earnings to grow at 10 percent annually and projects average annual consolidated banking revenue growth of 10.3 percent from 2025 through 2028. CFG Bank did not issue a buy or hold recommendation, making the operating forecast the central point of its analysis rather than a price target.

Agency network sets scale

Cash Plus had 5,530 points of sale at the end of June 2026, up from 5,200 six months earlier, and served more than 10 million customers annually, according to Barlamane. The network expansion supports the payment, remittance and digital wallet services described by Cash Plus.

Cash Plus was founded in 2004 and reports 5,300 points of sale and 8,000 direct and indirect jobs on its company website. Its Casablanca listing gives investors exposure to a payments business whose first-half growth is visible in both transaction volume and operating profit.

Growth remains the market anchor

The latest figures place revenue expansion, margin improvement and network reach ahead of a published share-price signal. For investors, the key comparison is the 21 percent increase in transaction volume against the 15 percent rise in consolidated banking revenue during the first half of 2026.