Afriquia Gaz, Morocco’s biggest supplier of liquefied petroleum gas, has reported stable profits for 2025, helped by tight cost control in a challenging market.
The company said consolidated revenue rose to MAD 8.9bn, up 2.4 percent from the year before. Sales volumes reached 1.23 million tonnes, reflecting the group’s strong grip on the Moroccan gas market.
Operational performance was more subdued. The consolidated operating result fell by 2.32 percent to MAD 1.16bn. LPG prices in Morocco are influenced by global energy markets and by state subsidies through the Caisse de Compensation, which limit pricing flexibility.
Despite this, Afriquia Gaz improved its day-to-day cost management. Its operating result increased to MAD 987.5m from 957.9 m in 2024. This helped protect earnings.
Consolidated net profit came in at MAD 750.5m, a modest 0.4 per cent rise year on year. Net profit on a comparable basis also improved, climbing from MAD 613.7m to 633.1m over the 2025 financial year.
The group said it plans to propose a dividend of 175 dirhams per share (DPA), unchanged from last year.
Afriquia Gaz is a core business of Akwa Group, one of Morocco’s largest conglomerates, owned by the family of Prime Minister Aziz Akhannouch. The company plays a key role in supplying butane and propane to homes and businesses, backed by a wide network of storage and filling sites across the country.
