Managem's revenue more than doubles in first half of 2026
Managem Group reported a consolidated turnover of 11.76 billion dirhams in the first half of 2026, a 166% increase from 4.42 billion dirhams in the same period of the previous year. This growth is attributed to reaching nominal production at the Tizert mine in Morocco and the Boto mine in Senegal, alongside rising prices and the consolidation of production from existing mines. Investments for the first half of 2026 totaled 1.73 billion dirhams, a 40% decrease compared to the previous year, primarily due to the completion of construction work for the Tizert and Boto projects. The group is also advancing its growth strategy by developing new mining and industrial projects, including a cobalt sulfate project and the initial phase of the Tendrara gas project, with first productions expected by the end of the year. Managem's consolidated debt decreased by over 20% since the beginning of the year, standing at 9.96 billion dirhams at the end of June 2026, down from 12.67 billion dirhams at the close of the previous fiscal year. This reduction reflects the contribution of cash flows from new projects to the group's development financing and debt reduction.
