SONASID's net profit attributable to the group (NPAG) nearly doubled in 2025, surging 92.9% to MAD 272 million, while the dividend per share (DPS) was raised by 33.3% to MAD 52, according to annual results released March 16, 2026, and reported by Medias24. This historic steel sector performance comes as the Casablanca Stock Exchange's MASI index posted a modest +0.51% gain to 16,942.5 points, masking a -10.1% year-to-date collapse under the weight of a dollar appreciating +2.95% against the dirham to 9.3779 MAD, per current foreign exchange data.
Despite a green session Monday, the trend remains defensive. The MASI 20, benchmark for the most liquid stocks, climbed +0.67% to 1,294.3 points but shows a -12.88% annual decline. The MASI ESG advanced +0.56% to 1,168.05 points (YTD: -6.67%), while the MASI Mid and Small Cap shed -0.39% to 1,701.47 points. Market breadth reveals persistent caution: out of 66 listed stocks, only 26 finished in positive territory, versus 31 declining and 9 unchanged, according to official data from the Casablanca Stock Exchange. Trading was dominated by contrasting sectoral movements, with heightened oil volatility — Brent crude hovering around $100.17 per barrel (-2.9% on the session, +8.9% on the week) — pressuring the margins of the kingdom's energy importers, Morocco being a net energy importer.
SONASID (North African Steel Company) delivered a performance illustrating the resilience of Morocco's industrial sector despite Middle East geopolitical turbulence and global trade barriers. With NPAG of MAD 272 million versus MAD 141 million in 2024, the steel producer demonstrated its ability to capitalize on national infrastructure dynamics and regional demand, particularly in areas south of Morocco. The board proposed a DPS of MAD 52, up 33.3%, reflecting solid confidence in cash flow generation despite imported inflationary pressure. Meanwhile, AUTO NEJMA, an automotive distributor, recorded equally vigorous growth with net profit rising 46.3% to MAD 300 million on revenue of MAD 4,134 million (+46%), lifting its DPS to (+46.7%), according to the company's press release.