Sonasid made much more money in the first half of 2026, even though its sales barely changed. The steelmaker’s net profit reached 167m dirhams, up 72% from 97m dirhams a year earlier. Revenue was almost unchanged at 3.051bn dirhams, compared with 3.054bn dirhams in the first half of 2025. The stronger profit came as sales volumes increased, higher-value products gained ground and the company worked to cut costs and improve efficiency.
EBITDA, a measure of operating profit before interest, tax, depreciation and amortisation, rose 30% to 329m dirhams.
The year started slowly because of bad weather, which affected sales activity. Business picked up in the second quarter as construction and other major projects moved forward.
Second-quarter revenue increased by 12% compared with the same period last year.
Sonasid also increased its spending on its factories and equipment. Capital expenditure reached 149m dirhams in the first six months, up 48% from a year earlier.
The investment included a new furnace for the Nador site and further work to modernise the steel plant.
The company plans to invest 514m dirhams during 2026. Some 333m dirhams will go towards strategic projects to increase production capacity, improve efficiency and develop new business.
Sonasid is also continuing its “Act For Impact” plan, which focuses on sales, industrial efficiency and innovation.
The company has an annual production capacity of 1.1 million tonnes of concrete reinforcing bars and wire rods.
Its main operations include the Jorf Lasfar steel complex, the Nador rolling mill and Longometal Armatures in Berrechid.
Sonasid’s board, chaired by Ayoub Azami, approved the first-half financial results on 17 September.
