SNEP stock: SNEP reports a MAD 53.60 million first-half loss. What it means for SNEP stock

Published on 10/22/2026 at 06:46 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

SNEP sales rose 5.40 percent to MAD 379.28 million in the first half. SNEP stock still posted a MAD 53.60 million loss by June 30, 2026.

First-half results and valuation

SNEP reduced its first-half net loss to MAD 53.60 million on September 24, 2026.
First-half sales reached MAD 379.28 million, up 5.40 percent from a year earlier.
SNEP carried a MAD 647.5 million market capitalization and a 271.00 to 569.00 MAD 52-week range on October 20, 2026.

SNP, MA0000011728, Illustration mit AI erstellt.

SNEP (ISIN MA0000011728) reduced its net loss to MAD 53.60 million in the first half of 2026, while sales rose 5.40 percent to MAD 379.28 million. MarketScreener reported the figures for the six months ended June 30, 2026, on September 24, 2026.

The result marks an operational improvement, but it does not yet represent a return to profitability. Dirham Digest said on September 25, 2026, that operating gross surplus recovered to MAD 4.30 million from a loss of MAD 57.30 million a year earlier, while the social net loss narrowed from MAD 108.60 million to MAD 53.60 million.

What changed by June 30, 2026?

The comparison shows that the improvement came faster in operations than in the bottom line. Consolidated net loss was MAD 50.03 million in the first half of 2026, versus MAD 91.08 million a year earlier, while basic loss per share narrowed to MAD 20.85 from MAD 37.95, according to MarketScreener.

Three dated steps in the recovery

On September 24, 2026, SNEP reported first-half sales of MAD 379.28 million. On September 25, 2026, Dirham Digest described the operating gross surplus of MAD 4.30 million. On October 17, 2026, MarketScreener listed SNEP's addition to the MADEX Free Float Index; its October 19, 2026 end-of-day quote was MAD 283.95.

What does the loss mean?

SNEP's recovery still depends on converting higher volumes and better industrial efficiency into enough operating profit to cover depreciation and financing costs. The company makes PVC and electrolysis products for construction, water, automotive and other industrial applications, according to SNEP.

Valuation remains tied to execution

As of October 20, 2026, SNEP had a MAD 647.5 million market capitalization and a 271.00 to 569.00 MAD 52-week range. Investing.com identified the company as listed on the Casablanca Stock Exchange and classified it in Basic Materials and Chemicals. The wide range places the half-year recovery against a market that remains sensitive to margins, demand and financing costs.

SNEP's next test is whether the operating improvement can expand beyond a MAD 4.30 million surplus and reduce the remaining gap to consolidated profitability.