
Strategy: A Decisive Semester for HPS, Analysts Believe
HPS's AccelR8 plan aims to transition to a more recurring and scalable SaaS model. Analysts note a record backlog and maintain a positive outlook despite short-term currency impacts.
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HPS's AccelR8 plan aims to transition to a more recurring and scalable SaaS model. Analysts note a record backlog and maintain a positive outlook despite short-term currency impacts.

By the end of October 2025, Morocco's travel receipts reached 113 billion dirhams, exceeding the total for 2024, driven by a 14% increase in tourist arrivals.

In Q3 2025, Compagnie Minière de Touissit (CMT) reported a consolidated revenue of 180 million MAD, a 4% increase from Q3 2024. The company continues to reduce its debt while advancing strategic investments.

The Alliances Group reports a consolidated revenue of 1.974 billion MAD for September 30, 2025, reflecting a 9% increase from the previous year. Net debt has decreased by 32%.

The Alliances Group is launching a bond issuance of 449.42 million dirhams to finance the acquisition of assets from the "Akenza Project" held by the FT Domus Fund. The subscription period is set for December 9 to 12, 2025.

Cosumar reports a 3.7% increase in consolidated revenue, reaching 8,037 MDh by the end of September 2025, driven by higher export volumes and improved local sugar production.
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Dari Couspate reported a revenue of 596.67 MDH by the end of September 2025, reflecting a 2.4% decline compared to the previous year. The company aims to enhance its market position and operational efficiency despite a competitive environment.

HPS reports a consolidated revenue of 358 million MAD for Q3 2025, marking a 21.4% increase compared to Q3 2024. The company continues its transition to a SaaS model, with recurring revenues representing 71% of total revenues.

In the third quarter of 2025, Addoha reported a 14.8% decline in revenue compared to the previous year, despite a 5% increase in pre-sales. The company's net debt remained stable at 4.1 billion MAD.

CIH BANK reports a 31.2% increase in net income attributable to shareholders, reaching 862.3 million MAD by the end of September 2025. Customer deposits and consolidated loans also show significant growth.

By the end of September 2025, Sonasid reported a consolidated revenue of 4,532 MDH, reflecting a 19% increase compared to the previous year. The growth is driven by the construction market and strategic commercial initiatives.

In October 2025, the producer price index for manufacturing industries rose by 0.4%, driven by a 2.1% increase in chemical industry prices. Other sectors experienced slight declines.