Risma has reported a 9% increase in revenue for the first half of 2025, primarily due to an 8% rise in overnight stays. The occupancy rate reached 58%, up 3 percentage points compared to the first half of 2024. The revenue growth is mainly attributed to the luxury and high-end segments.
As of June 30, 2025, the Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA) stood at 246 million dirhams, reflecting a 20% increase from 205 million dirhams in the first half of 2024. Excluding exceptional items, the EBITDA for the first half of 2025 was 230 million dirhams, a 12% increase compared to the same period last year, aligning with revenue growth.
The Group's Net Profit attributable to shareholders reached 117 million dirhams in the first half of 2025, a significant rise of 55% from 75 million dirhams in the first half of 2024. Excluding exceptional items, the net profit attributable to shareholders for the first half of 2025 was 100 million dirhams, compared to 65 million dirhams in the first half of 2024.
Risma's balance sheet remains solid, with net debt at 1,184 million dirhams as of June 30, 2025, up from 1,086 million dirhams on December 31, 2024. This results in a financial leverage of 41%, compared to 39% previously. Operating cash flows have nearly covered the capital expenditures for the semester.
Looking ahead, barring any disruptions to international tourism, the second half of 2025 is expected to confirm the positive trends seen in the first half, with a significant increase in net profit anticipated compared to 2024.
Notable events in the first half of 2025 include the acquisition of land in Tangier in June 2025 for a planned five-star hotel and the acquisition of CMG (which includes the Radisson Blu hotel and Carré Eden shopping center in Marrakech), pending approval from the Competition Council.
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