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Managem S.A. (MNG) investor relations material
Managem S.A. H1 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Consolidated H1 2026 net income was MAD 4.223bn, versus MAD 515m in H1 2025; revenue was MAD 11.764bn, versus MAD 4.422bn.
Standalone net income was MAD 768m; standalone equity and assimilated equity totaled MAD 6.533bn at June 30, 2026.
Financial highlights
Consolidated ordinary activity products totaled MAD 17.022bn, compared with MAD 16.614bn in H1 2025.
Consolidated profit before tax was MAD 4.723bn, up from MAD 605m; net income attributable to the parent was MAD 3.778bn, versus MAD 380m.
Standalone operating revenue totaled MAD 298.3m, compared with MAD 247.0m in the prior-year period.
Key financial ratios and metrics
Consolidated total assets were MAD 42.128bn at June 30, 2026, versus MAD 37.706bn at December 31, 2025; consolidated equity was MAD 16.895bn versus MAD 12.530bn.
Consolidated cash and cash equivalents were MAD 6.589bn, versus MAD 4.390bn at December 31, 2025.
- 2024 financial statements received an unqualified audit opinion, confirming their accuracy.MNG
H2 2024 - Record revenue and profit growth fueled by new gold and copper projects and strong metal prices.MNG
H2 2025 - Revenue up 5% and net income stable amid higher taxes, with major projects advancing.MNG
H1 2024 - Net income attributable to the group rose 47% to 380 million MAD on stable revenue and strong metal prices.MNG
H1 2025
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