Sonasid stock reports 72.00 percent profit growth in H1 2026
Published on 09/30/2026 at 11:44 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS
Sonasid stock's first-half 2026 net profit reached MAD 167 million, up 72.00 percent from MAD 97 million a year earlier. The result gives the Moroccan steelmaker a sharper earnings profile even as consolidated revenue stayed nearly flat, according to 7news Morocco in its September 2026 report.
Profit rises faster than revenue
For the six months ended June 30, 2026, consolidated revenue was MAD 3.051 billion, compared with MAD 3.054 billion in the first half of 2025. The contrast is material: EBITDA climbed 30.00 percent to MAD 329 million from MAD 252 million, while the profit increase reached 72.00 percent.
Le Nouvelliste reported that second-quarter revenue increased 12.00 percent from the comparable quarter, following a slower start affected by weather conditions. The figures point to operating leverage, with volumes, higher-value products and efficiency measures supporting earnings more strongly than sales.
Investment targets capacity
Sonasid invested MAD 149 million during the first half, an increase of 48.00 percent from the prior-year period. The program includes a new furnace at the Nador site and modernization work at the steel plant.
The company plans total investment of MAD 514 million for 2026, with MAD 333 million assigned to strategic projects. Sonasid's board approved the first-half accounts on September 17, 2026, for the period ended June 30, 2026, according to 7news Morocco.
Market value and investor lens
Sonasid's market capitalization stood at MAD 7.2 billion on September 25, 2026. The combination of MAD 167 million in first-half net profit and MAD 329 million in EBITDA makes margin development the central operating measure for the company through the rest of 2026.
Sonasid stock facts
- Company: Sonasid S.A.
- Ticker: SID.MA
- Primary exchange: Casablanca Stock Exchange
- Market capitalization: MAD 7.2 billion (as of September 25, 2026)
- Sector / Industry: Steel manufacturing
