Strong Financial Performance in 2025
AFMA concluded the 2025 fiscal year with a consolidated revenue of 317 million MAD, up from 286 million MAD in 2024, reflecting an impressive growth rate of 11%.
The social revenue of AFMA SA mirrored this positive trend, increasing by 10% to reach 264 million MAD, compared to 241 million MAD the prior year.
Factors Driving Growth
This robust performance can be attributed to the company's proactive commercial development efforts, which included the integration of new accounts and the expansion of its existing portfolio.
Investment and Financial Position
In terms of investments, AFMA allocated 26 million MAD in 2025, a significant increase from 16 million MAD in 2024, which includes financial stakes.
As of December 31, 2025, the group's consolidated net financial debt stood at 7 million MAD, a decrease from 11 million MAD at the end of December 2024.
Changes in Control and Consolidation
AFMA has increased its control over SAFE ASSUR from 51% to 100%. Companies under AFMA's direct or indirect exclusive control are fully consolidated.
