Addoha: 64% Increase in Profits in H1 2025

Addoha Group achieved pre-sales of 5,018 units in the first half of 2025, marking an 11% increase compared to the same period in 2024. Subsidiaries in West Africa contributed 22% to this achievement. The secured revenue of the Group to date stands at over 9.6 billion MAD, with 30% generated from West Africa. Currently, there are 19,773 units under production, 21% of which are located in West Africa. This sustained production confirms the significant growth potential for revenue in the short term. The total projected revenue from these units in production is estimated at 15.3 billion MAD. In 2025, modifications to the accounting plan for the real estate sector took effect on January 1, 2025, particularly concerning the revenue recognition rules for real estate developers. Under the previous accounting method, the consolidated revenue would have been approximately 1.82 billion MAD, reflecting an 8% increase compared to H1 2024. As published, the revenue for H1 2025 is 1.297 billion MAD, compared to 1.688 billion MAD in H1 2024. The gross margin rate for the first half of 2025 improved by 4 percentage points compared to the first half of 2024, reaching 27%. The Group reported a consolidated net profit of 280 million MAD in H1 2025, representing a substantial increase of 64% compared to H1 2024. This consolidated net profit corresponds to a net margin rate of 22%, up from 10% as of June 30, 2024.