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SRM

SRM · Bourse de Casablanca · Company statements

On this page
Company details
Legal name
Société de Réalisations Mécaniques S.A.
Listing
SRM on the Bourse de Casablanca, active · ISIN MA0000011595 (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

Read with these figures

  • Auditor's emphasis of matter. Questions clés de l'audit: dépréciation des créances clients (créances clients KMAD 234.973, 57% of total assets; provision KMAD 11.826) (PDF p64).
Full wording and sources

  • Auditor's emphasis of matter

    Questions clés de l'audit: dépréciation des créances clients (créances clients KMAD 234.973, 57% of total assets; provision KMAD 11.826) (PDF p64). It does not modify the opinion.

    Source: SRM — Rapport financier annuel 2025 (états de synthèse de l'exercice du 01/01/2025 au 31/12/2025, rapport général des commissaires aux comptes, rapport de gestion) (dated 2026-04-24)

  • Revenue

    MAD 394 million

    393,652,383.84 MAD units · p104

    +10.4% vs 2024

  • Operating profit / (loss)

    MAD 20.9 million

    20,910,860.78 MAD units · p104

    +187.2% vs 2024

  • Profit / (loss) for the year

    MAD 12.1 million

    12,066,216.42 MAD units · p104

    +527.9% vs 2024

  • Total assets

    MAD 412 million

    411,765,840.29 MAD units · p102

    +2.0% vs 2024

  • Total equity

    MAD 178 million

    177,784,941.01 MAD units · p103

    +7.3% vs 2024

  • Cash from operations

    Not reported in this filing

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 units 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 units. 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 403,495,727.75 359,766,624.86
Ventes de marchandises (en l'état)2 392,036,485.12 352,800,530.09
Ventes de biens et services produits3 1,615,898.72 3,665,659.90
Chiffre d'affaires 393,652,383.84 356,466,189.99
Variations des stocks de produits (±) (1)4 668,260.47 (1,953,211.57)
Reprises d'exploitation; transferts de charges5 9,175,083.44 5,253,646.44
II - CHARGES D'EXPLOITATION6 382,584,866.97 352,486,244.64
Achats revendus de marchandises (2)7 299,195,216.85 276,009,280.17
Achats consommés de matières et de fournitures (2)8 24,255,363.31 21,168,372.65
Autres charges externes9 14,832,784.91 15,352,874.23
Impôts et taxes10 229,510.61 236,182.04
Charges de personnel 31,693,237.23 33,139,234.70
Dotations d'exploitation11 12,378,754.06 6,580,300.85
III - RESULTAT D'EXPLOITATION ( I - II ) 20,910,860.78 7,280,380.22
IV - PRODUITS FINANCIERS12 4,681,294.58 4,167,565.27
Gains de change13 1,653,817.79 1,113,388.16
Intérêts et autres produits financiers14 2,133,349.00 2,133,310.40
Reprises financières; transferts de charges15 894,127.79 920,866.71
V - CHARGES FINANCIERES16 7,905,572.30 7,903,097.19
Charges d'intérêts 5,422,808.85 5,607,182.80
Pertes de change17 1,761,766.99 535,189.95
Autres charges financières18 213,040.18 237,582.24
Dotations financières19 507,956.28 1,523,142.20
VI - RESULTAT FINANCIER ( IV - V )20 (3,224,277.72) (3,735,531.92)
VII - RESULTAT COURANT ( III + V I)21 17,686,583.06 3,544,848.30
VIII - PRODUITS NON COURANTS22 603,779.59 368,912.52
IX - CHARGES NON COURANTES23 2,557,415.23 1,091,816.15
X - RESULTAT NON COURANT ( VIII- IX )24 (1,953,635.64) (722,903.63)
XI - RESULTAT AVANT IMPOTS ( VII+ X ) 15,732,947.42 2,821,944.67
XII - IMPOTS SUR LES RESULTATS (3,666,731.00) (900,205.00)
XIII - RESULTAT NET ( XI - XII ) 12,066,216.42 1,921,739.67
Notes and alternative reported figures (24)
  1. “I - PRODUITS D'EXPLOITATION” is an issuer-specific line, not mapped to a shared definition: Total operating income.
  2. “Ventes de marchandises (en l'état)” is an issuer-specific line, not mapped to a shared definition: Sales of goods for resale.
  3. “Ventes de biens et services produits” is an issuer-specific line, not mapped to a shared definition: Sales of goods and services produced.
  4. “Variations des stocks de produits (±) (1)” is an issuer-specific line, not mapped to a shared definition: Change in stocks of products (±).
  5. “Reprises d'exploitation; transferts de charges” is an issuer-specific line, not mapped to a shared definition: Operating reversals of provisions and expense transfers.
  6. “II - CHARGES D'EXPLOITATION” is an issuer-specific line, not mapped to a shared definition: Total operating charges, printed as a positive amount.
  7. “Achats revendus de marchandises (2)” is an issuer-specific line, not mapped to a shared definition: Cost of goods resold (printed positive).
  8. “Achats consommés de matières et de fournitures (2)” is an issuer-specific line, not mapped to a shared definition: Materials and supplies consumed (printed positive).
  9. “Autres charges externes” is an issuer-specific line, not mapped to a shared definition: Other external charges (printed positive).
  10. “Impôts et taxes” is an issuer-specific line, not mapped to a shared definition: Taxes and duties other than income tax (printed positive).
  11. “Dotations d'exploitation” is an issuer-specific line, not mapped to a shared definition: Operating depreciation, amortisation and provision allowances (printed positive).
  12. “IV - PRODUITS FINANCIERS” is an issuer-specific line, not mapped to a shared definition: Total financial income.
  13. “Gains de change” is an issuer-specific line, not mapped to a shared definition: Exchange gains.
  14. “Intérêts et autres produits financiers” is an issuer-specific line, not mapped to a shared definition: Interest and other financial income.
  15. “Reprises financières; transferts de charges” is an issuer-specific line, not mapped to a shared definition: Financial reversals of provisions and expense transfers.
  16. “V - CHARGES FINANCIERES” is an issuer-specific line, not mapped to a shared definition: Total financial charges, printed as a positive amount.
  17. “Pertes de change” is an issuer-specific line, not mapped to a shared definition: Exchange losses (printed positive).
  18. “Autres charges financières” is an issuer-specific line, not mapped to a shared definition: Other financial charges (printed positive).
  19. “Dotations financières” is an issuer-specific line, not mapped to a shared definition: Financial provision allowances (printed positive).
  20. “VI - RESULTAT FINANCIER ( IV - V )” is an issuer-specific line, not mapped to a shared definition: Financial result (IV - V).
  21. “VII - RESULTAT COURANT ( III + V I)” is an issuer-specific line, not mapped to a shared definition: Current result (III + VI).
  22. “VIII - PRODUITS NON COURANTS” is an issuer-specific line, not mapped to a shared definition: Total non-current income.
  23. “IX - CHARGES NON COURANTES” is an issuer-specific line, not mapped to a shared definition: Total non-current charges, printed as a positive amount.
  24. “X - RESULTAT NON COURANT ( VIII- IX )” is an issuer-specific line, not mapped to a shared definition: Non-current result (VIII - IX).

Balance sheet

Balance sheet, MAD units. 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
IMMOBILISATION EN NON VALEURS1 113,833.34 143,833.34
IMMOBILISATIONS INCORPORELLES 36,463.12 5,975.75
IMMOBILISATIONS CORPORELLES 594,068.79 560,975.99
IMMOBILISATIONS FINANCIERES2 3,063,336.09 3,063,336.09
TOTAL I (A+B+C+D+E) 3,807,701.34 3,774,121.17
Stocks 56,255,290.03 63,585,938.09
Fournis. débiteurs, avances et acomptes3 9,756,333.80 10,475,043.18
Clients et comptes rattachés 234,973,433.12 238,209,044.90
Personnel 287,781.35 572,152.17
Etat4 13,418,633.53 15,102,504.52
Autres débiteurs5 80,212,193.67 64,274,112.52
Comptes de régularisation - Actif6 41,843.50 8,000.00
CREANCES DE L'ACTIF CIRCULANT7 338,690,218.97 328,640,857.29
ECARTS DE CONVERSION - ACTIF8 507,956.28 894,127.82
TOTAL II (F+G+H+I) 395,453,465.28 393,120,923.20
Trésorerie-Actif 12,504,673.67 6,633,868.12
TOTAL GENERAL I+II+III 411,765,840.29 403,528,912.49
Total des capitaux propres (A) 177,784,941.01 165,718,724.59
Capital social ou personnel (1) 32,000,000.00 32,000,000.00
Prime d'émission, de fusion, d'apport 20,300,000.00 20,300,000.00
Réserve légale9 3,200,000.00 3,200,000.00
Report à nouveau (2) 110,218,724.59 108,296,984.92
Résultat net de l'exercice (2)10 12,066,216.42 1,921,739.67
Dettes de financement (C) 5,164,695.09 13,799,952.06
TOTAL I (A+B+C+D+E)11 182,949,636.10 179,518,676.65
Fournisseurs et comptes rattachés 116,097,146.71 99,649,855.67
Clients créditeurs, avances et acomptes12 14,350,240.81 6,065,715.50
Personnel13 850,670.03 572,520.47
Organismes sociaux14 1,446,200.03 1,505,656.77
Etat15 5,876,365.61 7,057,860.49
Autres créanciers16 938,095.77 2,181,220.15
Comptes de régularisation passif17 2,232,450.00 2,692,800.00
Dettes du passif circulant (F)18 141,791,168.96 119,725,629.05
Autres provisions pour risques et charges (G) 4,270,036.03 2,070,411.07
Ecarts de conversion - passif (Eléments circulants) (H)19 402,584.70 665,649.84
TOTAL II (F+G+H) 146,463,789.69 122,461,689.96
TRÉSORERIE - PASSIF 82,352,414.50 101,548,545.88
TOTAL GENERAL I+II+III 411,765,840.29 403,528,912.49
Notes and alternative reported figures (19)
  1. “IMMOBILISATION EN NON VALEURS” is an issuer-specific line, not mapped to a shared definition: Deferred charges (immobilisations en non-valeurs), net.
  2. “IMMOBILISATIONS FINANCIERES” is an issuer-specific line, not mapped to a shared definition: Financial fixed assets (other financial receivables), net.
  3. “Fournis. débiteurs, avances et acomptes” is an issuer-specific line, not mapped to a shared definition: Advances to suppliers, net.
  4. “Etat” is an issuer-specific line, not mapped to a shared definition: Amounts receivable from the State (taxes), net.
  5. “Autres débiteurs” is an issuer-specific line, not mapped to a shared definition: Other debtors, net.
  6. “Comptes de régularisation - Actif” is an issuer-specific line, not mapped to a shared definition: Prepayments and accrued income.
  7. “CREANCES DE L'ACTIF CIRCULANT” is an issuer-specific line, not mapped to a shared definition: Printed subtotal of current receivables, net.
  8. “ECARTS DE CONVERSION - ACTIF” is an issuer-specific line, not mapped to a shared definition: Unrealised exchange losses on current items (CGNC).
  9. “Réserve légale” is an issuer-specific line, not mapped to a shared definition: Legal reserve.
  10. “Résultat net de l'exercice (2)” is an issuer-specific line, not mapped to a shared definition: The year's net result within equity.
  11. “TOTAL I (A+B+C+D+E)” is an issuer-specific line, not mapped to a shared definition: Printed subtotal: equity, quasi-equity, financing debt, durable provisions and translation differences.
  12. “Clients créditeurs, avances et acomptes” is an issuer-specific line, not mapped to a shared definition: Customer advances and credit balances.
  13. “Personnel” is an issuer-specific line, not mapped to a shared definition: Amounts due to staff.
  14. “Organismes sociaux” is an issuer-specific line, not mapped to a shared definition: Amounts due to social security bodies.
  15. “Etat” is an issuer-specific line, not mapped to a shared definition: Amounts due to the State (taxes).
  16. “Autres créanciers” is an issuer-specific line, not mapped to a shared definition: Other creditors.
  17. “Comptes de régularisation passif” is an issuer-specific line, not mapped to a shared definition: Accruals and deferred income.
  18. “Dettes du passif circulant (F)” is an issuer-specific line, not mapped to a shared definition: Printed subtotal of current payables (F).
  19. “Ecarts de conversion - passif (Eléments circulants) (H)” is an issuer-specific line, not mapped to a shared definition: Unrealised exchange gains on current items (CGNC).

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.

No dividend statement or amount collected.

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.

  • SRM — Rapport financier annuel 2025 (états de synthèse de l'exercice du 01/01/2025 au 31/12/2025, rapport général des commissaires aux comptes, rapport de gestion)

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

    Audit: Fidaroc Grant Thornton and HDID & Associés (commissaires aux comptes), unmodified opinion · signed

    Auditor's sign-off: FIDAROC GRANT THORNTON (Faïçal Mekouar, Associé); HDID & ASSOCIES (Mohamed Hdid, Associé gérant)

    Final status: Rapport général des commissaires aux comptes, exercice du 1er janvier au 31 décembre 2025, on the états de synthèse of the SOCIETE DE REALISATIONS MECANIQUES S.A. (bilan, CPC, ESG, tableau de financement, ETIC; capitaux propres et assimilés MAD 177.784.941,01, bénéfice MAD 12.066.216,42): unmodified opinion (PDF p63, scanned); dated 'Casablanca, le 24 avril 2026' and signed by hand with stamps for FIDAROC GRANT THORNTON (Faïçal Mekouar, Associé) and HDID & ASSOCIES (Mohamed Hdid, Associé gérant) (PDF p66, page image). The scanned audited statements (pp67 onward) bear the auditors' stamps. The board's approval date for the 2025 accounts is not printed (the board minutes in the file, p146, are those of 28 March 2025 for 2024).

    Document date
    24 Apr 2026
    Auditor's report
    24 Apr 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 units (printed “Dirhams with centimes (no unit printed on the ETIC pages; the auditors' report states amounts in MAD)”)
    • Moroccan CGNC layout: actif immobilisé (TOTAL I), actif circulant (TOTAL II) and trésorerie-actif; passif: financement permanent (TOTAL I, including equity and financing debt), passif circulant (TOTAL II) and trésorerie-passif; no total-liabilities line. The CPC prints charges as positive amounts and splits each year's operations between 'propres à l'exercice' and 'exercices précédents'; totals are transcribed. Income tax is stored as a deduction.
    • The RFA also contains the tax-return liasse (pp1-61, same figures), the management report (pp135-140), ESG reporting, board minutes of 28 March 2025, draft AGM resolutions, the H1 2025 financial report and Q3/Q4 2025 communiqués.
    Technical details
    File
    159 pages, with a text layer
    SHA-256
    0e5ff6641162ea73dfb21fe6001f83f6cfac7d74f3c8c10b72dd9a32dbc827d4
    Entity as printed
    SOCIETE DE REALISATIONS MECANIQUES S.A ('SRM', société anonyme au capital de 32.000.000 dirhams; identifiant fiscal 1620047, ICE 001525999000038)
    Regulator copy
    retrieved 2026-10-08T18:39:05Z

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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