Revenue Performance Overview
During the fourth quarter of the 2025 fiscal year, SRM reported a revenue of 156 million dirhams, up from 143 million dirhams in the same quarter of the previous year, reflecting a robust growth of 9%.
Segment Analysis
The industrial division experienced a revenue increase of 6%, achieving a gross margin of 28.36%. In contrast, the construction division demonstrated exceptional performance, with sales soaring nearly 23% and a gross margin of 16.64%. This growth was attributed to enhanced organizational structuring and a strengthened commercial momentum.
The machinery segment also saw a notable increase of 13%, primarily driven by a 37% surge in the construction division's revenue, alongside a 10% rise in the industrial division's sales during the same period.
Stability and Declines in Other Segments
The spare parts segment remained stable compared to the fourth quarter of 2024, while the after-sales service segment experienced a slight decline of 3%.
EBITA and Operational Costs
EBITA for 2025 was recorded at 14,425 KDH, down from 16,086 KDH in 2024, representing an 8.62% decrease. This decline is attributed to a 3% contraction in gross margin, coupled with a 13% increase in operating expenses (OPEX).
