Casablanca – Morocco’s state-owned real estate developer Al Omrane Group has reported a significant improvement in its financial and operational performance, confirming a sustained growth trend over the past two years. The group’s latest results highlight the impact of structural reforms launched since 2023, which have strengthened its financial position, boosted investments, and accelerated housing production.

According to official data, Al Omrane achieved a record turnover of approximately $605 million in 2025, reflecting a 9% increase compared to 2024 and a sharp 44% rise compared to pre-2023 levels. This performance marks a historic high for the group and signals a clear shift toward a more dynamic and resilient growth model.

The upward trend is also evident in profitability. Net profit attributable to the group reached around $32.4 million in 2025, up 3% year-on-year. This moderate but steady increase suggests a controlled and sustainable improvement in financial performance, supported by better governance and cost management.

Sustained growth momentum

Al Omrane’s recent results confirm a broader structural transformation rather than a temporary rebound. Over the past two years, the group has significantly improved its average turnover, which rose from about $421 million during the 2019–2022 period to nearly $581 million more recently. This represents a 44% increase, underscoring a strong and consistent growth trajectory.

Revenue performance has followed a similar pattern. Total revenues reached approximately $724 million in 2025, marking an 8% increase compared to the previous year. More importantly, average revenues surged from about $398 million between 2019 and 2022 to roughly $698 million over the past two years—an increase of 82%. This sharp rise reflects a deep transformation in the group’s commercial activity and market positioning.

The improvement in revenues has been driven by enhanced collection processes, better marketing strategies, and more efficient commercial management. Together, these factors have strengthened the group’s ability to generate stable income while expanding its operations.

Accelerated investment and project delivery

Investment activity has been a key driver of Al Omrane’s growth. In 2025, total investments reached approximately $793 million, representing a 42% increase compared to 2024 and a 62% rise compared to 2022. This expansion reflects a clear acceleration in project implementation and a stronger commitment to supporting urban development across Morocco.

Notably, self-financed investments more than doubled, increasing by 107%. This indicates that the group has regained its financial capacity to fund major projects independently, reducing reliance on external financing and improving overall financial flexibility.

At the operational level, the group recorded a significant increase in housing production. In 2025, it launched around 22,893 new housing units, representing a 175% increase compared to previous levels. Meanwhile, completed units reached 26,874, up by 59%. This sharp rise highlights a faster pace of execution and a stronger contribution to addressing housing demand.

Improved financial stability

Alongside growth in activity, Al Omrane has made notable progress in strengthening its financial structure. Total debt, including financial liabilities and supplier-related obligations, declined from approximately $918 million in 2022 to about $752 million in 2025. This represents a reduction of around $166 million.

This improvement is largely attributed to better debt management, including a shift toward medium- and long-term financing and a significant reduction in supplier debt. As a result, the group has enhanced its financial stability and improved its ability to meet its obligations while continuing to invest in new projects.

Role in national development

Al Omrane’s performance also reflects its growing role in supporting Morocco’s broader development objectives. The group has been actively involved in key national programs, including affordable housing initiatives, post-earthquake reconstruction efforts, and the development of emerging rural centers.

Through these activities, Al Omrane has reinforced its position as a central public operator in urban planning and housing development. Its ability to combine financial discipline with increased production capacity has strengthened its credibility among institutional partners and stakeholders.

Outlook

The 2025 results provide clear evidence that Al Omrane’s transformation is well underway. The combination of rising turnover, increased investments, improved profitability, and reduced debt points to a more efficient and sustainable business model.

Looking ahead, the group is expected to continue building on this momentum by consolidating its role as a key player in Morocco’s real estate sector. Its focus on delivering affordable housing, supporting regional development, and maintaining financial balance will remain central to its strategy.

Al Omrane’s latest performance highlights a successful transition from a period of restructuring to one of sustained growth, positioning the group as a stronger and more reliable driver of urban development in Morocco.