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Unimer
On this page
Company details
- Legal name
- UNIMER S.A.
- Listing
- UMR on the Bourse de Casablanca, active · ISIN MA0000012023 (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
-
Revenue
MAD 1.08 billion
1,084,727 MAD thousands · p33
−13.9% vs 2024
-
Operating profit / (loss)
−MAD 18.0 million
(18,037) MAD thousands · p33
Change not shown.
-
Profit / (loss) for the year
MAD 11.1 million
11,053 MAD thousands · p33
Moved from loss to profit (FY2024: (28 152) MAD thousands)
-
Total assets
MAD 2.47 billion
2,473,731 MAD thousands · p33
−10.0% vs 2024
-
Total equity
MAD 1.22 billion
1,224,047 MAD thousands · p33
−3.3% vs 2024
-
Cash from operations
MAD 87.8 million
87,777 MAD thousands · p34
−26.8% vs 2024
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.
Not shown: the prior-year figure is zero or negative.
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
| Line (as printed) | FY2025Annual reportreported for the year | FY2024Annual reportcomparative in FY2025 filing |
|---|---|---|
| Chiffre d'affaires | 1,084,727 | 1,259,642 |
| Variation de stocks de produits1 | (11,233) | (48,277) |
| Autres produits d'exploitation | 5,155 | 5,168 |
| Produits d'exploitation2 | 1,078,650 | 1,216,533 |
| Achats et autres charges externes3 | (754,981) | (878,916) |
| Impôts et taxes4 | (12,061) | (6,990) |
| Charges de personnel | (261,979) | (276,646) |
| Autres charges d'exploitation | (1,597) | (1,854) |
| Dotations d'exploitation5 | (66,068) | (55,405) |
| Charges d'exploitation6 | (1,096,687) | (1,219,810) |
| Résultat d'exploitation | (18,037) | (3,278) |
| Charges financières nettes7 | (49,641) | (54,323) |
| Résultat courant des entreprises intégrées8 | (67,678) | (57,600) |
| Résultat non courant9 | 12,648 | (7,717) |
| Résultat avant impôt | (55,030) | (65,318) |
| Impôt sur le résultat | (8,742) | (11,518) |
| Résultat net des entreprises intégrées avant amortissement des écarts d’acquisition10 | (63,771) | (76,836) |
| DEA des écarts d'acquisition11 | (27,240) | (27,240) |
| Quotte part des mises en équivalence | 102,064 | 75,923 |
| Résultat net de l'ensemble consolidé | 11,053 | (28,152) |
| Intérêts minoritaires dans le résultat12 | 42,994 | 53,089 |
Notes and alternative reported figures (12)
- “Variation de stocks de produits” is an issuer-specific line, not mapped to a shared definition: Change in stocks of products.
- “Produits d'exploitation” is an issuer-specific line, not mapped to a shared definition: Total operating revenue: turnover, change in stocks and other operating revenue.
- “Achats et autres charges externes” is an issuer-specific line, not mapped to a shared definition: Purchases and other external charges (note 4.7).
- “Impôts et taxes” is an issuer-specific line, not mapped to a shared definition: Taxes and duties other than income tax.
- “Dotations d'exploitation” is an issuer-specific line, not mapped to a shared definition: Operating depreciation, amortisation and provision charges.
- “Charges d'exploitation” is an issuer-specific line, not mapped to a shared definition: Total operating charges (negative).
- “Charges financières nettes” is an issuer-specific line, not mapped to a shared definition: Net financial result (note 4.8).
- “Résultat courant des entreprises intégrées” is an issuer-specific line, not mapped to a shared definition: Operating result plus net financial charges.
- “Résultat non courant” is an issuer-specific line, not mapped to a shared definition: Non-current result (note 4.9).
- “Résultat net des entreprises intégrées avant amortissement des écarts d’acquisition” is an issuer-specific line, not mapped to a shared definition: Net result of consolidated companies before goodwill amortisation and equity-accounted shares.
- “DEA des écarts d'acquisition” is an issuer-specific line, not mapped to a shared definition: Goodwill amortisation (note 4.1.b).
- “Intérêts minoritaires dans le résultat” is an issuer-specific line, not mapped to a shared definition: Minority interests' share of the result.
Balance sheet
| Line (as printed) | FY2025Annual reportreported for the year | FY2024Annual reportcomparative in FY2025 filing |
|---|---|---|
| Immobilisations en non valeur1 | 45,097 | 34,405 |
| Écart d’acquisition2 | 136,060 | 163,299 |
| Immobilisations incorporelles | 216,720 | 216,926 |
| Immobilisations corporelles | 401,095 | 440,782 |
| Titre mis en équivalence | 681,234 | 643,577 |
| Immobilisations financières3 | 10,666 | 10,558 |
| Impôts différés actifs | 3,246 | 3,246 |
| Stocks et en-cours | 299,779 | 338,021 |
| Créances clients4 | 235,152 | 258,264 |
| Autres créances d’exploitation5 | 231,148 | 447,273 |
| Titres et valeurs de placement | 134 | 187 |
| Trésorerie - actif | 213,400 | 191,140 |
| Total actif (unlabelled) | 2,473,731 | 2,747,678 |
| Capital | 114,139 | 114,139 |
| Primes d’émission, de fusion, d’apport | 955,539 | 955,539 |
| Résultats non distribués6 | 145,486 | 228,747 |
| Écart de conversion7 | (2,171) | (4,974) |
| Résultat consolidé8 | 11,053 | (28,152) |
| Capitaux propres de l’ensemble consolidé | 1,224,047 | 1,265,299 |
| Capitaux propres part du groupe | 919,333 | 963,761 |
| Intérêts minoritaires | 304,714 | 301,538 |
| Subventions d’investissement9 | –10 | –10 |
| Dettes de financement | 316,612 | 346,605 |
| Impôts différés passifs | 2,853 | 2,989 |
| Fournisseurs et comptes rattachés11 | 219,213 | 154,852 |
| Autres dettes et comptes de régularisation12 | 56,103 | 327,568 |
| Passif circulant (unlabelled subtotal) | 275,316 | 482,420 |
| Trésorerie - passif | 654,903 | 650,365 |
| Total passif (unlabelled) | 2,473,731 | 2,747,678 |
- Printed “-”, read as nil: subtotal_arithmetic: bs.total_equity_and_liabilities.
Notes and alternative reported figures (11)
- “Immobilisations en non valeur” is an issuer-specific line, not mapped to a shared definition: Capitalised preliminary/deferred charges (Moroccan CGNC).
- “Écart d’acquisition” is an issuer-specific line, not mapped to a shared definition: Goodwill on consolidation (amortised).
- “Immobilisations financières” is an issuer-specific line, not mapped to a shared definition: Non-current financial assets.
- “Créances clients” is an issuer-specific line, not mapped to a shared definition: Trade receivables.
- “Autres créances d’exploitation” is an issuer-specific line, not mapped to a shared definition: Other operating receivables.
- “Résultats non distribués” is an issuer-specific line, not mapped to a shared definition: Undistributed results (consolidated reserves).
- “Écart de conversion” is an issuer-specific line, not mapped to a shared definition: Translation differences in equity.
- “Résultat consolidé” is an issuer-specific line, not mapped to a shared definition: The year's consolidated result shown within equity.
- “Subventions d’investissement” is an issuer-specific line, not mapped to a shared definition: Investment subsidies; printed '-'.
- “Fournisseurs et comptes rattachés” is an issuer-specific line, not mapped to a shared definition: Trade payables.
- “Autres dettes et comptes de régularisation” is an issuer-specific line, not mapped to a shared definition: Other payables and accruals.
Cash flow
| Line (as printed) | FY2025Annual reportreported for the year | FY2024Annual reportcomparative in FY2025 filing |
|---|---|---|
| Résultat net consolidé1 | 11,053 | (28,152) |
| - Amortissements des immobilisations2 | 66,068 | 55,147 |
| - Amortissements des écarts d’acquisition3 | 27,240 | 27,240 |
| - Variation des impôts différés4 | (136) | (57) |
| - QP des sociétés mises en équivalence5 | (86,878) | (66,789) |
| Capacité d’autofinancement des sociétés intégrées6 | 17,348 | (12,612) |
| Variation du Besoin en Fonds de Roulement lié à l’activité7 | 70,428 | 132,518 |
| Flux net de Trésorerie généré par l’activité | 87,777 | 119,907 |
| Acquisition des immobilisations corporemmes et incorporelles8 | (36,869) | (42,764) |
| Variation des immobilisations financières9 | (108) | 2,993 |
| Flux net de trésorerie liés aux opérations d’investissement | (36,977) | (39,771) |
| Dividendes versés | (809) | (11,411) |
| Emissions/ remboursement d'emprunts10 | (29,992) | 60,402 |
| Flux net de trésorerie liés aux opérations de Financement | (30,801) | 48,991 |
| Variation de Trésorerie | 19,999 | 129,126 |
| Impact des écarts de conversion | (2,340) | 6,053 |
| Trésorerie d'ouverture | (459,225) | (581,869) |
| Trésorerie de clôture | (441,503) | (459,225) |
Notes and alternative reported figures (10)
- “Résultat net consolidé” is an issuer-specific line, not mapped to a shared definition: Net result as the starting line of the cash-flow statement.
- “- Amortissements des immobilisations” is an issuer-specific line, not mapped to a shared definition: Depreciation add-back.
- “- Amortissements des écarts d’acquisition” is an issuer-specific line, not mapped to a shared definition: Goodwill amortisation add-back.
- “- Variation des impôts différés” is an issuer-specific line, not mapped to a shared definition: Change in deferred taxes.
- “- QP des sociétés mises en équivalence” is an issuer-specific line, not mapped to a shared definition: Share of equity-accounted results removed.
- “Capacité d’autofinancement des sociétés intégrées” is an issuer-specific line, not mapped to a shared definition: Printed subtotal (cash earnings).
- “Variation du Besoin en Fonds de Roulement lié à l’activité” is an issuer-specific line, not mapped to a shared definition: Change in working capital.
- “Acquisition des immobilisations corporemmes et incorporelles”: mapping to a shared definition is uncertain. Tangible and intangible acquisitions on one line (label printed 'corporemmes').
- “Variation des immobilisations financières” is an issuer-specific line, not mapped to a shared definition: Net change in financial fixed assets.
- “Emissions/ remboursement d'emprunts” is an issuer-specific line, not mapped to a shared definition: Net issue/repayment of borrowings.
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.
| Year ended | Event | Wording as printed | Amount | Unit | Source |
|---|---|---|---|---|---|
| 31 Dec 2025 | Dividends paid (cash flow statement) | Dividendes versés |
(809) | MAD thousands | Annual report, p34 |
| 31 Dec 2024 | Dividends paid (cash flow statement) | Dividendes versés |
(11,411) | MAD thousands | Annual report, p34 |
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 financier annuel 2025 (Unimer Group)
Year ended 31 December 2025 · Annual report · signed / final
Audit: Fidaroc Grant Thornton (Faïçal Mekouar); H2B Experts (Tarik Sbaa), unmodified opinion · signed
Auditor's sign-off: Fidaroc Grant Thornton, Faïçal Mekouar; H2B Experts, Tarik Sbaa
Final status: The commissaires aux comptes' report on the consolidated états de synthèse for 1 January to 31 December 2025 (PDF pp44-45) is unqualified with no key audit matters, dated 'Rabat et Casablanca, le 28 avril 2026' and signed by hand over the firm stamps: Fidaroc Grant Thornton (Faïçal Mekouar, Associé) and H2B Experts (Tarik Sbaa, Associé) (p45, image half of the spread). No board approval date for the consolidated statements was located.
- Document date
- 28 Apr 2026
- Auditor's report
- 28 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
- consolidated statements · MAD thousands (printed “En KMAD”)
- Bilan consolidé (p33): the 'Actif circulant' heading row prints 1 494 119 (2025) and 1 043 744 (2024). 1 494 119 equals the 2025 fixed assets (lines add to 1 494 118), but 1 043 744 matches neither the 2024 fixed assets (1 512 793) nor the 2024 current assets (1 234 885). The row is not transcribed; asset lines are checked directly against the printed total (2 473 731; 2 747 678), which they match.
- Tableau des flux (p34): opening cash (459 225) plus the change (19 999) and the translation impact (2 340) gives (441 566) against the printed closing cash (441 503); for 2024, (581 869) + 129 126 + 6 053 = (446 690) against (459 225). An 'Autres variations' line (4 617; 429) and a 'Total 19.999 129.126' line are printed below. Closing cash equals trésorerie-actif less trésorerie-passif on the bilan. Kept as printed.
- The group result is a profit of 11 053 while the group share is a loss of (31 940), minority interests taking 42 994 (p33). The 'Dont' equity split and minority lines are printed beneath the equity total.
- Consolidated statements pp33-34 used; company (sociaux) statements pp25-31 not transcribed. PDF pages are two-page spreads (printed folios 64-65 on p33).
Technical details
- File
- 110 pages, with a text layer
- SHA-256
2cad01e5c6c121cd90be797dcafa966a5f38794f0db7d33f870e34593d8a3754- Entity as printed
- UNIMER S.A. et ses filiales (Groupe UNIMER), Km 11, Rue L. Route de Zenata, Sidi Bernoussi, Casablanca
- Regulator copy
- retrieved 2026-10-08T18:43:11Z
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.