HPS stock reports 13.20 percent first half growth

Published on 09/29/2026 at 22:57 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

HPS stock posted MAD 761 million in operating revenue in H1 2026, up 13.20 percent year over year. Recurring revenue rose 13.80 percent to MAD 578 million.

HPS, MA0000012304, Illustration mit AI erstellt.

HPS stock (ISIN MA0000012304) is building its 2026 investment case around recurring payment revenue after the group reported MAD 761 million in operating revenue for the first half, up 13.20 percent from the same period of 2025. Walaw Press reported the figures on August 30, 2026, highlighting international expansion and payment software demand.

Revenue growth accelerates in payments

Second-quarter consolidated operating revenue reached MAD 419 million, an increase of 15.30 percent year over year, compared with 10.70 percent growth in the first quarter. For the six-month period, revenue directly linked to HPS activities totaled MAD 746 million, up 17.20 percent, according to Walaw Press.

The recurring revenue base reached MAD 578 million in the first half, rising 13.80 percent year over year and representing 78.00 percent of operating income. That mix gives HPS a measurable counterweight to project timing in its transaction and software businesses.

International growth changes the mix

Asia and the Americas together contributed 28.10 percent of operating revenue in the first half, compared with 17.50 percent a year earlier. Asia alone accounted for 18.40 percent, up from 11.80 percent, while the Americas reached 9.70 percent versus 5.70 percent previously, Afrivestia reported on September 9, 2026.

HPS also allocated MAD 81 million to research and development in the first half, up from MAD 70 million a year earlier. The company maintained its 2026 objective of organic growth between 12.00 percent and 17.00 percent, with a gradual improvement in EBITDA margin.

HPS stock stays near its yearly high

HPS stock stood at MAD 638.00 on the Casablanca Stock Exchange on September 25, 2026, down 0.09 percent for the session. The quoted session high was MAD 638.60 and the low was MAD 620.00, while market capitalization was reported at MAD 4.8 billion on September 10, 2026. For investors, the key measure is whether recurring revenue and international expansion can sustain the double-digit growth rate.