Morocco's Urban Development Group, also known as Groupe d'Urbanisme, has reported a significant increase in its net result for the first half of 2026. The group's net result reached 126 million Moroccan dirhams ($14 million), representing an 89% rise compared to the same period last year. This growth is attributed to a notable increase in business activity and production, with a clear rise in sales and investments.
The group's consolidated sales revenue reached 2.1 billion dirhams, marking a 34% increase compared to the first half of 2025, after restatement according to international financial reporting standards (IFRS). The group's sales revenue stood at 2.8 billion dirhams, reflecting its ability to convert business activity into cash flows, while continuing its programs related to housing and territorial development.
The group's investments increased by 11% to 2.9 billion dirhams, demonstrating its ongoing efforts to enhance its development and expand its production capacity. This dynamic is evident in the number of units that have started construction, which reached 15,765 units, compared to 3,607 units during the first half of 2025. The number of completed units also rose significantly, reaching 3,932 units during the first half of 2026, compared to 2,385 units the previous year, representing a 65% increase.
In terms of delivery operations, the group reported a 15% increase, reaching 5,649 units, which confirms its ability to gradually convert production dynamics into tangible market achievements. These figures reflect a simultaneous improvement in net result, sales revenue, production volume, and deliveries, with the group continuing to raise its investment pace.
The group's performance is largely driven by its housing and territorial development programs, which remain a core focus of its activity. The comparison with the first half of 2025 shows an increasing gap in units that have started construction, along with a rise in completed and delivered units, supporting the conversion of sales into cash flows and consolidated net result.
At the end of the first half of 2026, the Urban Development Group posted a consolidated net result of 126 million dirhams, a consolidated sales revenue of 2.1 billion dirhams, and investments worth 2.9 billion dirhams, with a clear acceleration in launching projects, completing units, and delivering them. These indicators confirm the continuation of the dynamic announced by the group in serving housing and territorial development policies.
The Urban Development Group's performance in the first half of 2026 reflects its ongoing commitment to supporting Morocco's housing and territorial development goals. The group's results demonstrate its ability to drive growth and deliver tangible results in the market, while maintaining a strong focus on its core business activities.
Key points
- The group's net result rose 89% to 126 million dirhams for the first half of 2026.
- Consolidated sales revenue reached 2.1 billion dirhams, up 34% compared to the first half of 2025.
- Investments increased by 11% to 2.9 billion dirhams, reflecting the group's ongoing efforts to enhance its development and expand its production capacity.
