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Rabat – The Travaux Généraux de Construction de Casablanca (TGCC) reported robust financial performance in 2025, posting a net profit attributable to the group of MAD 952 million ( USD 95.2 million), marking a sharp increase of 82.4% over 2024.
The company attributed this growth to a significant acceleration in its operational performance.
Consolidated earnings before interest, taxes, depreciation and amortization (EBITDA) rose by 124% to reach MAD 2.6 billion, underlining improved profitability across its activities and a sustained pace of project execution.
The group also recorded a notable improvement in its financial structure. Net debt stood at MAD 554 million (USD 55.4 million) as of December 31, 2025, down 17.7% from MAD 673 million (USD 67.3 million) a year earlier.
This reduction points to stronger cash generation and a more disciplined approach to financial management, further reinforcing the group’s balance sheet at a time of expansion.
A key indicator of TGCC’s momentum is its consolidated order book. which reached MAD 25.57 billion (USD 2.56 billion) at the end of 2025, up from MAD 10.3 billion (USD 1.03 billion) at the end of 2024, representing a 122% year-on-year increase.
This substantial pipeline provides clear visibility on future activity and confirms the group’s ability to secure large-scale contracts in a competitive market.
Investment activity also accelerated significantly over the period. TGCC reported total investments of MAD 672 million ( USD 67.2 million) by the end of 2025, up 284% compared to the previous year.
This increase affirms the group’s commitment to strengthening its operational capacity, expanding its capabilities, and positioning itself for upcoming large infrastructure projects.
Looking ahead, TGCC is pursuing a strategy focused on consolidation and targeted growth. The group plans to deepen its integration with STAM VIAS, aiming to create stronger synergies across operations and enhance its execution capabilities in complex projects.
The company is also seeking to reinforce its presence in high-potential sectors. These include strategic infrastructure, water resources, energy, and logistics: areas that are expected to benefit from sustained public and private investment in the coming years.
By focusing on these segments, TGCC is positioning itself at the heart of Morocco’s long-term development priorities.
TGCC’s overall performance in 2025 signals a turning point for the group. Strong revenue growth, improved profitability, a solid order book, and reduced debt collectively show a company that is expanding on a stronger, more resilient financial foundation
As the company moves forward, its ability to maintain execution discipline while scaling operations will be closely watched.
The company’s current trajectory points to a new phase of maturity, backed by solid fundamentals and a clear strategic direction.
