Casablanca – Cosumar posted a group share of net income of MAD 333 million ($34.76 million) in the first half of 2026, down from MAD 387 million ($40.40 million) during the same period last year.
The sugar producer also recorded consolidated revenue of MAD 4.82 billion ($503.19 million) at the end of June 2026, compared with MAD 5.36 billion ($559.03 million) in the first half of 2025. The company reported a 10% decline, mainly due to lower global sugar prices, which weighed on export revenue.
Cosumar said it expects more than 60,000 hectares of sugar crops for the 2026/2027 agricultural campaign. The company linked this outlook to a significant improvement in dam filling rates, which supports conditions in the agricultural sector upstream.
The group also continues to rely on its industrial, logistics and commercial capacity to supply the domestic market and support exports. Its industrial facilities can refine more than 7,000 tonnes of sugar per day, according to the company.
Cosumar also pointed to the gradual normalization of port traffic during the second half of 2026. The company said this should allow it to meet the objectives set in its 2026 budget.
The first-half results come as Cosumar continues to manage changes in international sugar prices and conditions affecting its export activity. The decline in consolidated revenue reflects the impact of lower global prices during the period, while the group’s agricultural outlook points to a larger area dedicated to sugar crops for the next campaign.
Cosumar’s first-half net income remained below the level recorded a year earlier, with the group reporting a decrease of MAD 54 million ($5.63 million) between the two periods. Consolidated revenue fell by MAD 540 million ($56.37 million) over the same period.
For the remainder of 2026, the company expects improved port traffic conditions to support its operations and maintain progress toward its budget targets. At the agricultural level, the group expects the 2026/2027 campaign to cover more than 60,000 hectares of sugar crops, supported by higher dam filling rates.
Cosumar’s refining capacity of more than 7,000 tonnes per day will continue to support regular supply to the Moroccan market and the development of its export sales, the company said.
