• Casablanca-listed firms post $18B revenue, up 7% in H1 2025
• Banking, construction, and healthcare sectors drive growth
• IMF forecasts Morocco’s 2025 GDP growth at 3.9%

Companies listed on the Casablanca Stock Exchange in Morocco reported a combined revenue of 165.2 billion dirhams ($18 billion) in the first half of 2025, according to data from brokerage firm M.S.IN cited by local media. This performance represents a 7% increase from the same period in 2024.

The banking sector was the main driver of growth, contributing an additional 3.5 billion dirhams, a 7.8% increase led by BCP, Bank of Africa, and Attijariwafa Bank. The construction and public works sector, boosted by projects related to the 2025 Africa Cup of Nations and the 2030 World Cup, saw a 22.8% rise.

The insurance sector grew by 8.4%, supported by Wafa Assurance and Atlanta Sanad. Distribution was up 10.4%, thanks to Label Vie and Auto Hall. The healthcare sector recorded the strongest relative growth, rising by 62%, driven by Akdital and the IPO of Vicenne.

This growth occurred within a favorable macroeconomic environment, characterized by inflation at 1.3% and a 41% increase in cereal production, signaling a gradual recovery from a period of drought. The economy was also stimulated by the launch of major projects and a revival in the real estate and construction sectors, spurred by a new housing assistance program.

According to forecasts from the International Monetary Fund (IMF), Morocco’s GDP is expected to grow by 3.9% in 2025, following a 3.2% increase in 2024, boosted by a rebound in agricultural output. The non-agricultural sector is also projected to continue its strong growth amid robust domestic demand.

SG