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Review pending. Every figure has been located on its cited source page in an AI-assisted source verification (matched to the document's text) (17 October 2026). Independent review has not yet been carried out, and these pages are not indexed.AI-assisted source check done; independent review pending; not indexed. About the review

Maghrebail

MAB · Bourse de Casablanca · Company statements

On this page
Company details
Legal name
MAGHREBAIL S.A.
Listing
MAB on the Bourse de Casablanca, active · ISIN MA0000011215 (observed 2026-10-08)
Sector
Not classified (our classification from the stated principal activity)
Financial year ends
31 December

Overview

Year ended 31 December 2025 · annual report, signed / final · source

  • I.PRODUITS D'EXPLOITATION

    MAD 4.60 billion

    4,601,755 MAD thousands · p46

    +7.0% vs 2024

    Leasing company (établissement de crédit-bail): its income statement prints 'I.PRODUITS D'EXPLOITATION' as the top-line total instead of revenue.

  • III.PRODUIT NET

    MAD 438 million

    438,374 MAD thousands · p46

    +16.1% vs 2024

    Issuer's own net income measure, 'III.PRODUIT NET', printed after operating charges.

  • VII.RESULTAT COURANT

    MAD 273 million

    273,478 MAD thousands · p46

    +18.5% vs 2024

    'VII.RESULTAT COURANT' is the issuer's printed result from ordinary activities; no operating-profit line is printed.

  • Profit for the year

    MAD 148 million

    148,199 MAD thousands · p46

    +9.3% vs 2024

    'IX.RESULTAT NET DE L'EXERCICE' as printed.

  • Total assets

    MAD 14.2 billion

    14,216,237 MAD thousands · p43

    +7.1% vs 2024

    'Total de l'Actif' as printed on the balance sheet.

Large amounts are rounded for reading (MAD million / billion / trillion); exact figures as printed are under each amount and in the tables. No currency conversion.

Financial statements

Exact figures as printed. Each column comes from one filing; labels are as printed in the newest filing. Amounts in MAD thousands unless the row says otherwise; brackets are negative.

† from a supplementary filing for the same year · ‡ signed audited statements preferred over a disputed figure · “–” is a printed dash, explained below the table

Column sources

  • FY2025 — annual report, signed / final; reported for the year · source
  • FY2024 — annual report, signed / final; comparative in the FY2025 filing · source

Income statement

Income statement, MAD thousands. Columns: FY2025 — annual report (signed / final), as reported for the year; FY2024 — annual report (signed / final), comparative reported in the annual report for 2025.
Line (as printed) FY2025Annual reportreported for the yearFY2024Annual reportcomparative in FY2025 filing
I.PRODUITS D'EXPLOITATION1 4,601,755 4,299,032
Intérêts et produits assimilés sur opérations avec la clientèle2 820 1,252
Produits sur titres de propriété3 1,518 1,518
Produits sur immobilisations en crédit-bail4 4,598,003 4,294,980
Commissions sur prestations de service 1,413 1,281
II.CHARGES D'EXPLOITATION5 4,163,381 3,921,415
Intérêts et charges assimilées sur opérations avec les établissements de crédit6 256,083 309,612
Intérêts et charges assimilées sur titres de créance émis7 153,530 92,072
Charges sur immobilisations en crédit-bail8 3,748,917 3,516,353
Autres charges bancaires9 4,851 3,377
III.PRODUIT NET10 438,374 377,618
Produits d'exploitation non bancaire11 4,597 3,757
Charges d'exploitation non bancaire12 131 201
IV.CHARGES GENERALES D'EXPLOITATION13 101,545 99,339
Charges de personnel 46,330 44,694
Impôts et taxes14 2,121 2,991
17.Charges externes15 48,918 47,143
Autres charges générales d'exploitation16 1,508 2,063
Dotations aux amortissements et aux provisions des immobilisations incorporelles et17 2,668 2,449
IRRECOUVRABLES18 152,584 168,069
Dotations aux provisions pour créances en souffrance19 142,584 158,069
Autres dotations aux provisions20 10,000 10,000
AMORTIES21 84,768 117,041
Reprises de provisions pour créances en souffrance22 84,738 102,309
Autres reprises de provisions23 30 14,732
VII.RESULTAT COURANT24 273,478 230,806
Produits non courants25 10,551 9,701
Charges non courantes26 (22,188) (11,834)
VIII.RESULTAT AVANT IMPOTS SUR LES RESULTATS 261,841 228,673
28.Impôts sur les résultats (113,642) (93,039)
IX.RESULTAT NET DE L'EXERCICE 148,199 135,634
Notes and alternative reported figures (26)
  1. “I.PRODUITS D'EXPLOITATION” is an issuer-specific line, not mapped to a shared definition: Printed total of banking operating income (I).
  2. “Intérêts et produits assimilés sur opérations avec la clientèle” is an issuer-specific line, not mapped to a shared definition: Interest income on customer operations.
  3. “Produits sur titres de propriété” is an issuer-specific line, not mapped to a shared definition: Dividend income on equity securities.
  4. “Produits sur immobilisations en crédit-bail” is an issuer-specific line, not mapped to a shared definition: Income on assets leased out (rentals).
  5. “II.CHARGES D'EXPLOITATION” is an issuer-specific line, not mapped to a shared definition: Printed total of banking operating charges (II).
  6. “Intérêts et charges assimilées sur opérations avec les établissements de crédit” is an issuer-specific line, not mapped to a shared definition: Interest expense to credit institutions.
  7. “Intérêts et charges assimilées sur titres de créance émis” is an issuer-specific line, not mapped to a shared definition: Interest expense on debt securities issued.
  8. “Charges sur immobilisations en crédit-bail” is an issuer-specific line, not mapped to a shared definition: Charges on assets leased out (including depreciation of leased assets).
  9. “Autres charges bancaires” is an issuer-specific line, not mapped to a shared definition: Other banking charges.
  10. “III.PRODUIT NET” is an issuer-specific line, not mapped to a shared definition: Printed: operating income (I) less operating charges (II).
  11. “Produits d'exploitation non bancaire” is an issuer-specific line, not mapped to a shared definition: Non-banking operating income.
  12. “Charges d'exploitation non bancaire” is an issuer-specific line, not mapped to a shared definition: Non-banking operating charges.
  13. “IV.CHARGES GENERALES D'EXPLOITATION” is an issuer-specific line, not mapped to a shared definition: Printed total of general operating charges (IV).
  14. “Impôts et taxes” is an issuer-specific line, not mapped to a shared definition: Taxes and duties other than income tax.
  15. “17.Charges externes” is an issuer-specific line, not mapped to a shared definition: External charges.
  16. “Autres charges générales d'exploitation” is an issuer-specific line, not mapped to a shared definition: Other general operating charges.
  17. “Dotations aux amortissements et aux provisions des immobilisations incorporelles et” is an issuer-specific line, not mapped to a shared definition: Depreciation and provisions on own intangible and tangible fixed assets.
  18. “IRRECOUVRABLES” is an issuer-specific line, not mapped to a shared definition: Printed total (V).
  19. “Dotations aux provisions pour créances en souffrance” is an issuer-specific line, not mapped to a shared definition: Provisions for non-performing receivables.
  20. “Autres dotations aux provisions” is an issuer-specific line, not mapped to a shared definition: Other provision charges.
  21. “AMORTIES” is an issuer-specific line, not mapped to a shared definition: Printed total (VI).
  22. “Reprises de provisions pour créances en souffrance” is an issuer-specific line, not mapped to a shared definition: Reversals of provisions for non-performing receivables.
  23. “Autres reprises de provisions” is an issuer-specific line, not mapped to a shared definition: Other provision reversals.
  24. “VII.RESULTAT COURANT” is an issuer-specific line, not mapped to a shared definition: Printed current result.
  25. “Produits non courants” is an issuer-specific line, not mapped to a shared definition: Non-current income.
  26. “Charges non courantes” is an issuer-specific line, not mapped to a shared definition: Non-current charges.

Balance sheet

Balance sheet, MAD thousands. Columns: FY2025 — annual report (signed / final), as reported for the year; FY2024 — annual report (signed / final), comparative reported in the annual report for 2025.
Line (as printed) FY2025Annual reportreported for the yearFY2024Annual reportcomparative in FY2025 filing
chéques postaux 0 127
Créances sur les établissements de crédit et assimilés 70 130
Créances sur la clientèle1 24,853 18,311
Autres actifs 296,733 221,199
participation et emplois assimilés2 17,534 17,534
Immobilisations données en crédit-bail et en location (2)3 13,856,123 12,993,225
Immobilisations incorporelles 3,998 4,990
Immobilisations corporelles 16,925 17,812
Total de l'Actif 14,216,237 13,273,330
Dettes envers les établissements de crédit et assimilés 6,128,272 7,831,237
Dépôts de la clientèle4 217,360 179,609
Titres de créance émis5 5,859,718 3,426,532
Autres passifs 585,683 495,586
Provisions pour risques et charges 196,983 186,983
Réserves et primes liées au capital6 415,158 415,158
12.Capital 138,418 138,418
Report à nouveau (+/-) 526,445 464,173
16.Résultat net de l'exercice (+/-)7 148,199 135,634
Total du Passif 14,216,237 13,273,330
Notes and alternative reported figures (7)
  1. “Créances sur la clientèle”: mapping to a shared definition is uncertain. Customer credits other than leasing (consumer, property and other credits); leased assets are printed separately (line 10).
  2. “participation et emplois assimilés” is an issuer-specific line, not mapped to a shared definition: Equity participations (PCEC line 8).
  3. “Immobilisations données en crédit-bail et en location (2)” is an issuer-specific line, not mapped to a shared definition: Assets leased out under finance leases and rentals, net (PCEC line 10; the company's main asset).
  4. “Dépôts de la clientèle”: mapping to a shared definition is uncertain. All in 'Autres comptes créditeurs' (customer credit balances); the company takes no deposits.
  5. “Titres de créance émis” is an issuer-specific line, not mapped to a shared definition: Debt securities issued (negotiable debt securities).
  6. “Réserves et primes liées au capital” is an issuer-specific line, not mapped to a shared definition: Reserves and share premiums.
  7. “16.Résultat net de l'exercice (+/-)” is an issuer-specific line, not mapped to a shared definition: The year's net result shown within the liabilities side.

Cash flow

Cash flow, MAD thousands. Columns: FY2025 — annual report (signed / final), as reported for the year; FY2024 — annual report (signed / final), comparative reported in the annual report for 2025.
Line (as printed) FY2025Annual reportreported for the yearFY2024Annual reportcomparative in FY2025 filing
Produits d'exploitation perçus1 4,777,705 4,505,231
Produits d'exploitation non bancaire perçus2 4,597 3,757
Charges d'exploitation versées3 (471,410) (461,605)
Charges d'exploitation non bancaire versées4 (131) (201)
Charges générales d'exploitation versées5 (121,065) (108,724)
Impôts sur les résultats versés (113,642) (93,039)
Flux de trésorerie nets provenant du compte de produits et charges6 4,076,053 3,845,419
Créances sur la clientèle7 (6,542) (2,875)
Autres actifs8 (76,228) (89,347)
Immobilisations données en crédit-bail et en location9 (4,778,646) (3,898,540)
Dettes envers les établissements de crédit et assimilés10 (1,278,713) (723,863)
Dépôts de la clientèle11 37,751 68,763
Titres de créance émis12 2,433,186 1,065,398
Autres passifs13 90,098 39,638
Solde des variations des actifs et passifs d'exploitation14 (3,579,094) (3,540,826)
T029 D'EXPLOITATION 496,959 304,593
Acquisition d'immobilisations incorporelles et corporelles15 (925) (12,332)
Dividendes perçus16 1,518 1,518
D'INVESTISSEMENT 593 (10,813)
Dividendes versés (73,362) (69,209)
FINANCEMENT (73,362) (69,209)
VARIATION NETTE DE LA TRESORERIE 424,190 224,570
TRESORERIE A L'OUVERTURE DE L'EXERCICE (1,033,666) (1,258,236)
TRESORERIE A LA CLOTURE DE L'EXERCICE (609,476) (1,033,666)
Notes and alternative reported figures (16)
  1. “Produits d'exploitation perçus” is an issuer-specific line, not mapped to a shared definition: Cash flow line 1.
  2. “Produits d'exploitation non bancaire perçus” is an issuer-specific line, not mapped to a shared definition: Cash flow line 3.
  3. “Charges d'exploitation versées” is an issuer-specific line, not mapped to a shared definition: Cash flow line 4.
  4. “Charges d'exploitation non bancaire versées” is an issuer-specific line, not mapped to a shared definition: Cash flow line 5.
  5. “Charges générales d'exploitation versées” is an issuer-specific line, not mapped to a shared definition: Cash flow line 6.
  6. “Flux de trésorerie nets provenant du compte de produits et charges” is an issuer-specific line, not mapped to a shared definition: Printed subtotal T027.
  7. “Créances sur la clientèle” is an issuer-specific line, not mapped to a shared definition: Line 9.
  8. “Autres actifs” is an issuer-specific line, not mapped to a shared definition: Line 11.
  9. “Immobilisations données en crédit-bail et en location” is an issuer-specific line, not mapped to a shared definition: Line 12.
  10. “Dettes envers les établissements de crédit et assimilés” is an issuer-specific line, not mapped to a shared definition: Line 13.
  11. “Dépôts de la clientèle” is an issuer-specific line, not mapped to a shared definition: Line 14.
  12. “Titres de créance émis” is an issuer-specific line, not mapped to a shared definition: Line 15.
  13. “Autres passifs” is an issuer-specific line, not mapped to a shared definition: Line 16.
  14. “Solde des variations des actifs et passifs d'exploitation” is an issuer-specific line, not mapped to a shared definition: Printed subtotal T028.
  15. “Acquisition d'immobilisations incorporelles et corporelles”: mapping to a shared definition is uncertain. Acquisitions of intangible and tangible own fixed assets, one line.
  16. “Dividendes perçus” is an issuer-specific line, not mapped to a shared definition: Investing line 22.

Segments

Segment data not yet collected for this company in the pilot.

Dividends

Proposed or recommended, declared and paid are different events and are kept apart. A statement that no dividend was proposed does not mean none was paid.

Dividend events, the issuer's wording, and amounts as printed
Year endedEventWording as printedAmountUnitSource
31 Dec 2025 Dividends paid (cash flow statement) Dividendes versés (73,362) MAD thousands Annual report, p48
31 Dec 2024 Dividends paid (cash flow statement) Dividendes versés (69,209) MAD thousands Annual report, p48

Sources

Each filing used on this page, newest period first. Dates are the document's own; the date we retrieved a file is shown separately and is never a publication date.

  • Rapport annuel Maghrebail 2025 — Bien plus qu'un leasing

    Year ended 31 December 2025 · Annual report · signed / final

    Audit: Fidaroc Grant Thornton (Ghali Guessous); HDID & Associés (Mohamed Hdid), unmodified opinion · signed

    Auditor's sign-off: Fidaroc Grant Thornton, Ghali Guessous; HDID & Associés, Mohamed Hdid

    Final status: The statutory auditors' 'Rapport général' on the états de synthèse for the year ended 31 December 2025 (PDF pp36-38, image insert) is unqualified, dated 'Casablanca, le 30 mars 2026' and signed by hand over stamps: Fidaroc Grant Thornton (Ghali Guessous, Associé) and HDID & Associés (Mohamed Hdid, Associé) (page image). No board approval date for the accounts is printed.

    Document date
    30 Mar 2026
    Auditor's report
    30 Mar 2026
    Board approval
    date not found in this document
    Retrieved by us
    8 Oct 2026 (not a publication date)
    Used for
    statement columns FY2025, FY2024
    Basis
    company statements · MAD thousands (printed “en milliers de dirhams”)
    • Bank-format (PCEC) statements of a leasing company: charges are printed as positive amounts. Rounded thousands: total assets differ from the sum of printed lines by 1. Cash in the cash-flow statement is negative (-609 476; 2024: -1 033 666): cash and bank balances net of amounts due on demand to credit institutions.
    • Company (social) statements only; the company holds 99.60% of ORE (property development) and 6.74% of LOCASOM (p52) and the document prints no consolidated statements.
    Technical details
    File
    78 pages, with a text layer
    SHA-256
    b42dcbe782557763fa221dc7e0a1d8b27d89389694609a8d384e04bfb56f5d5b
    Entity as printed
    MAGHREBAIL S.A., 45, Boulevard Moulay Youssef, Casablanca
    Regulator copy
    retrieved 2026-10-08T18:31:14Z

Data notes

No figure-level notes beyond those in the tables.

Review status: every figure has been located on its cited source page in an AI-assisted source verification (matched to the document's text) (17 October 2026). Independent review is pending for every figure; automated checks and the AI-assisted verification are not independent review.

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Figures shown on this page (CSV) — the same selected figures at their exact printed values, each with its source document, SHA-256, page, selection rule and reading. Independent review of these figures is pending.

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