HPS returned to profit: what it means for HPS stock

Published on 10/14/2026 at 01:44 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

HPS returned to profit in H1 2026 with MAD 35 million. For HPS stock this means MAD 761 million revenue, up 13.10 percent.

Profit recovery and recurring revenue

HPS returned to profit with MAD 35 million in the first half of 2026.
Consolidated operating revenue reached MAD 761 million, up 13.10 percent year over year.
Recurring revenue rose 13.50 percent to MAD 576 million in the first half of 2026.

HPS, Hightech Payment Systems, payments software, first half 2026 results, Casablanca Stock Exchange, Illustration mit AI erstellt.

HPS returned to profit in the first half of 2026, with net income attributable to the group reaching MAD 35 million versus a MAD 47 million loss in the same period of 2025. Infomédiaire reported the results on September 30, 2026, giving HPS stock a clear earnings recovery story.

Operating revenue accelerates

Consolidated operating revenue rose 13.10 percent year over year to MAD 761 million in the first half of 2026. The comparison with the MAD 47 million loss from the first half of 2025 is material because it combines growth with a return to positive earnings.

Operating income reached MAD 97 million, up 168.40 percent from the first half of 2025, according to BMCE Capital Global Research on September 28, 2026.

Recurring revenue drives visibility

Recurring revenue climbed 13.50 percent to MAD 576 million in the first half of 2026 and represented 78.00 percent of operating revenue. SaaS royalties also increased 25.40 percent during the period, supporting the company's shift toward more repeatable payment-software income.

HPS maintained its 2026 objectives of organic growth between 12.00 percent and 17.00 percent and a progressive improvement in its EBITDA margin compared with 2025, according to Walaw Press. The company's order backlog stood at MAD 1.72 billion for the period.

What does the recovery mean

The figures point to operating leverage rather than revenue growth alone. HPS generated EBITDA of MAD 122 million in the first half of 2026, up 74.70 percent year over year, while recurring revenue grew at a double-digit rate.

HPS develops payment software and services through its PowerCARD platform. The company's website says the platform is used by more than 500 institutions in over 100 countries, a footprint that links the recurring-revenue trend with an international customer base.

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