MAGHREB OXYGÈNE – ANNUAL RESULTS 2025
The Board of Directors of Maghreb Oxygène, meeting on January 29, 2026, reviewed the company's activities for the year ended December 31, 2025, and approved the related individual and consolidated financial statements.
INDIVIDUAL OPERATIONAL AND FINANCIAL INDICATORS
Revenue (in MDH)
Maghreb Oxygène recorded growth in sales in 2025, rising from 317.2 MDH to 332.4 MDH. This performance was driven by increased sales of gases, particularly in the industrial segment.
Operating Result (in MDH)
The operating result also improved compared to the previous year, reaching 9.1 MDH in 2025. This increase reflects a combination of improved gross margin and effective cost control.
Net Result (in MDH)
In line with the above, the net result rose in 2025 to 8.5 MDH, compared to 8.0 MDH one year earlier.
Individual Balance Sheet Indicators
In MDH | 31/12/2024 | 31/12/2025 |
Shareholders' Equity (Individual) | 255.8 | 261.0 |
Total Individual Balance Sheet | 480.7 | 906.3 |
Shareholders' equity strengthened in 2025, reaching 261.0 MDH.
The total balance sheet increased from 480.7 MDH to 906.3 MDH as of December 31, 2025, primarily due to the issuance of a bond loan amounting to 450 MDH.
CONSOLIDATED OPERATIONAL AND FINANCIAL INDICATORS
Consolidated Revenue (in MDH)
On a consolidated basis, Maghreb Oxygène's revenue showed growth, increasing from 311.4 MDH to 330.4 MDH in 2025.
Consolidated Operating Result (in MDH)
The consolidated operating result advanced in 2025 to 12.5 MDH, compared to 8.1 MDH at the end of the previous year.
Consolidated Net Result (in MDH)
Similarly, the consolidated net result recorded a positive change, rising from 12.4 MDH to 15.4 MDH in 2025.
Consolidated Balance Sheet Indicators
In MDH | 31/12/2024 | 31/12/2025 |
Consolidated Shareholders' Equity | 307.0 | 319.2 |
Total Consolidated Balance Sheet | 545.1 | 970.2 |
Consolidated shareholders' equity stood at 319.2 MDH in 2025, up from 307.0 MDH one year earlier.
The total consolidated balance sheet rose from 545.1 MDH to 970.2 MDH in 2025.
OUTLOOK
The results achieved by Maghreb Oxygène reinforce its commitment to executing its strategic plan. The company intends to continue its efforts focused on the sustained growth of its operational and financial indicators.
DIVIDENDS
In light of the results generated during the 2025 financial year, the Board of Directors intends to propose to the Ordinary General Meeting of Shareholders the distribution of a dividend of 4 DH per share.
In DH | 31/12/2024 | 31/12/2025 |
Earnings per Share | 9.86 | 10.45 |
Dividend per Share | 4 | 4 |
The 2025 annual press release is available on Maghreb Oxygene website: https://www.maghreboxygene.ma/index.php/communiques-de-presse/
Maghreb Oxygène