SRM: Revenue Increases by 19% in Q3

In the third quarter, SRM's revenue rose by 18.7% to 84.96 million dirhams, compared to 71.6 million dirhams during the same period last year. This growth was primarily fueled by a 26% increase in machinery revenue, particularly from ground handling, which surged by 53%. The energy department also contributed significantly, thanks to several contracts secured for compressor products. However, the parts division experienced a slight decline of 3%, mainly due to a 26% drop in industrial parts revenue. This decline was impacted by the port department, which deferred its billing to the fourth quarter of 2025. Nonetheless, this decrease was partially offset by a 48% increase in the construction sector. Additionally, service revenue saw a 30% increase, driven by the construction division, which grew by 97%, supported by higher machinery billing. On the profitability front, EBITDA showed a significant improvement, rising from -1,828 KDH in Q3 2024 to +3,453 KDH in Q3 2025, representing 4.1% of net revenue, compared to -2.61% a year earlier. This performance resulted from simultaneous growth in both revenue and gross margin.