Delta Holding: A Net Profit Affected by Base Effects (+20% Adjusted for Non-Recurring Items)

In the first half of 2025, Delta Holding's consolidated revenue reached 1,333 million MAD, compared to 1,375 million MAD during the same period in 2024. The consolidated operating profit increased by 14%, amounting to 193 million MAD. The Group's net profit stood at 125 million MAD, down from 142 million MAD in the same period of 2024, reflecting a decrease of 12%. The net profit for the first half of 2024 included a capital gain from the sale of the Group's stake in ISOSIGN. When adjusted for this non-recurring item, the Group's net profit shows a 20% improvement compared to the same period in 2024. The social net profit rose to 312 million MAD, an increase of 88%, primarily due to the dividend distribution policy adopted by the subsidiaries. Financial debt has significantly improved compared to the same period in 2024, with a 56% reduction in consolidated accounts and a 2% decrease in social accounts. Investment expenditures reached 81 million MAD. The order backlog at the end of the first half of 2025 amounted to 3,199 million MAD, providing coverage for approximately 11 months of revenue.