Cosumar: Net Profit Down 6% in the First Half of 2025

Cosumar's consolidated revenue for the first half of 2025 reached 5,362 million dirhams, marking a 7.6% increase compared to the same period in 2024. This growth was driven by higher export sales volumes, which rose to 414,000 tons by the end of June 2025, up from 278,000 tons at the end of June 2024. The consolidated operating profit under IFRS stood at 656 million dirhams by the end of June 2025, down from 685 million dirhams recorded on June 30, 2024. This decline is attributed to a less favorable international market, partially offset by increased export sales due to additional refining capacities installed in Sidi Bennour, as well as the delayed effects of a challenging agricultural campaign the previous year. The group's net profit attributable to shareholders (RNPG) at the end of June 2025 amounted to 387 million dirhams, compared to 412 million dirhams at the end of June 2024. Looking ahead, the 2024/2025 campaign has seen a significant increase in local sugar production, supported by expanded harvested areas and improved agricultural yields, with positive effects expected in the second half of the year. Preparations for the upcoming 2025/2026 sugar campaign are underway, with targets set for area coverage, agricultural performance, and increased sugar production from growing sugarcane plants. The refining capacity at the Sidi Bennour facility and the anticipated rise in local production will enable the company to seize opportunities in the international market, thereby increasing export volumes compared to the previous year. COSUMAR continues to explore diversification and development opportunities both nationally and internationally. In this context, a project focused on innovation with added value and significant environmental impact is currently being launched.