Lesieur Cristal stock: Q3 revenue falls 4% as 2035 target emerges
Published on 11/09/2026 at 01:40 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSRevenue pressure meets expansion plans
- Lesieur Cristal reported weaker sales through September as edible-oil volumes slowed in Morocco.
- Net cash fell sharply by September, reflecting operating and investment outflows.
- The CAP 2035 roadmap puts product diversification and African expansion at the center of the group strategy.
Lesieur Cristal reported weaker sales in the third quarter of 2026 as edible-oil volumes slowed in Morocco, according to The Moorish Times on November 6. The figures were published by the group on November 5.
Sales decline narrows through September
Consolidated revenue reached 1,320 million Moroccan dirhams in the third quarter, down from 1,378 million a year earlier. Revenue for the first nine months stood at 3,915 million dirhams, a 6 percent decline, although the fall was less severe than the 8 percent decrease reported at the end of June.
The Moroccan parent company recorded a 2 percent decline to 3,581 million dirhams, supported by exports and professional sales. Lesieur Cristal said it had maintained its market share in table oils despite slower market volumes. Cristal Tunisia grew, while Senegal-based Oleosen weighed on the group and became subject to a review of strategic options.
Cash position comes under pressure
Consolidated net cash fell to 1 million dirhams at September 30 from 294 million dirhams at the end of 2025. The group attributed the change to operating and investment outflows, with investments reaching 40 million dirhams since January.
For investors, the figures point to a mixed picture: the sales decline moderated during the year, but cash generation and the performance of the Senegalese operation remain important factors for the next reporting periods. The update does not provide earnings guidance for the current year.
CAP 2035 sets a longer horizon
Lesieur Cristal has introduced its CAP 2035 roadmap, targeting revenue of about 8 billion dirhams by 2030 and 10 billion dirhams by 2035. The plan focuses on strengthening brands, broadening products and expanding selectively in Africa.
Moroccan agro-industrial producer
According to the company profile, Lesieur Cristal is a Moroccan agro-industrial group with nearly 80 years of activity. It produces cooking oils, olive oils, margarines, condiments and soaps, serves consumers in Morocco and is expanding its presence in Tunisia and Senegal. The group is supported by Avril and Moroccan shareholders, with its portfolio spanning food products and household and personal-care goods.
Lesieur Cristal at a glance
- Company: Lesieur Cristal
- Third-quarter 2026 revenue: 1,320 million MAD
- First-nine-month 2026 revenue: 3,915 million MAD
- Net cash at September 30, 2026: 1 million MAD
- CAP 2035 target: About 8 billion MAD revenue by 2030 and 10 billion MAD by 2035
Broader developments in Moroccan equities can be followed through Current market reports.
