RISMA boosts profits in H1 2025
RISMA reported a revenue of 653 million MAD in the first half of 2025, up from 597 million MAD a year earlier, representing a 9% year-on-year growth, primarily driven by an 8% increase in overnight stays. The hotel operator recorded an occupancy rate of 58% in the first semester, up 3 points compared to the same period in 2024, with revenues largely supported by the luxury and upscale segments.
The company’s Gross Operating Profit (EBITDA) reached 246 million MAD, compared to 205 million MAD in the previous year, a 20% year-on-year increase. Excluding exceptional items, H1 2025 EBITDA stood at 230 million MAD, up 12% from the first half of 2024, in line with revenue growth.
RISMA posted a Net Profit Attributable to the Group (NPAG) of 117 million MAD, marking a 55% increase compared to the same period last year. Excluding exceptional items, NPAG amounted to 100 million MAD, compared to 65 million MAD in H1 2024.
The Group maintains a “solid” balance sheet, with net debt at 1.18 billion MAD as of June 30, 2025, versus 1.08 billion MAD at December 31, 2024, reflecting a financial leverage of 41% compared to 39%. Operating cash flows nearly covered the semester’s CAPEX.
Notably, RISMA acquired a plot of land in Tangier in June 2025, intended for a 5-star hotel. The Group also acquired CMG (Radisson Blu Hotel and Carré Eden shopping center in Marrakech), pending approval from the Competition Council.
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