S2M Reports a 42% Increase in Results for the First Half of 2025

The first half of 2025 was marked by a 3.5% increase in both social and consolidated revenue, supported by a 17% growth in recurring income. However, revenue growth was hindered by unfavorable currency exchange impacts, particularly the USD/MAD pair, which has depreciated nearly 11% since the beginning of 2025. In response, management has implemented measures to strengthen its foreign exchange risk hedging policy. Additionally, effective control of operational costs has led to a consolidated EBITDA growth of 12% and a net profit increase of 42%. Despite a tense global geopolitical context, management remains confident in its revenue and profit growth outlook for 2025. It is important to note that as of the end of the first half of 2024, the Group's consolidation scope included African Card Company (A2C), which was divested on November 14, 2024. Consequently, and in accordance with regulations, the consolidated accounts for the first half of 2024 have been restated on a pro forma basis to establish a comparable foundation with the scope of the first half of 2025.