Strategic Diversification and Major Infrastructure Projects
SGTM is making significant strides within a diversified portfolio that encompasses various strategic segments, including transportation infrastructure, hydraulic projects, and port and airport equipment, along with industrial and energy activities. The company is actively engaged in several major sports infrastructure projects in Marrakech and Agadir, aiming to enhance facilities associated with major competitions. Additionally, SGTM is part of a consortium working on the Grand Stade Hassan II in Benslimane, showcasing its commitment to developing high-profile venues.
In the airport sector, SGTM is strategically involved in key projects such as the Casablanca Hub Terminal and the expansion of Agadir Airport, significantly bolstering its presence in pivotal platforms across Morocco. The group is concurrently engaged in significant national hydraulic programs, exemplified by the Bou Ahmed dam, which has a capacity of approximately 96 million cubic meters. Additionally, the Ratba dam, currently under construction in the Taounate province, is expected to have a capacity nearing one billion cubic meters, demonstrating SGTM's dedication to enhancing the country's water management capabilities.
On the railway front, SGTM is asserting its expertise in technically advanced projects, including its participation in the future high-speed rail link between Kenitra and Marrakech. In this regard, SGTM is involved in major infrastructures like the Rabat tunnel, spanning roughly 3.3 kilometers, as well as extensive civil engineering lots that incorporate earthworks, artistic structures, and infrastructures designed for speeds of up to 320 km/h.
Diverse Growth Avenues in Ports, Industry, and International Expansion
Leveraging its expertise in port infrastructures, SGTM has successfully secured multiple projects related to the Nador West Med port, which includes the construction of superstructures and terminal extensions. The group is also enhancing its positioning in the industrial and energy sectors, with an increasing number of projects being executed under the EPC model, which encompasses comprehensive project management, technical coordination, and interfacing with industrial equipment, particularly in the mining and chemical sectors.
Internationally, SGTM continues to expand its footprint in West Africa, particularly in Benin and Côte d'Ivoire, through projects involving administrative buildings, housing, and transport infrastructure, thereby solidifying its regional positioning. The year 2025 is set to be a transformative period for the group, reflecting a significant acceleration in its activities with the simultaneous ramp-up of several large construction sites. The consolidated revenue for this period is projected to reach 15.2 billion dirhams, marking a 36.6% increase, which highlights the contribution of new projects and intensified operations across all segments.
This growth trajectory is accompanied by a notable improvement in profitability, with an EBITDA of 2.49 billion dirhams and a net profit attributable to the group of 1.34 billion dirhams, reflecting a remarkable 127.6% increase driven by operational leverage and cost management. The order book has surged to 35.1 billion dirhams, up from 16.5 billion dirhams a year earlier, providing substantial visibility for the coming years. The group has also continued its investment efforts, amounting to 783 million dirhams (+15.7%), aimed at strengthening technical capacities and supporting the scaling up of projects.
“The Group's performance in 2025 reflects the complementarity of its activities. The tertiary, port, and industrial sectors have experienced substantial growth, while hydraulic projects are in a phase of finalizing major works, and transport infrastructures are beginning to recover. In this context, profitability is significantly advancing, supported by activity growth and controlled cost management. The level achieved by the order book enhances the Group's visibility and confirms the confidence of its partners,” announced Anouar HAJJI, Deputy General Manager of Finance. With a strengthened positioning on major national projects and a gradual diversification of its activities, SGTM is at the heart of a favorable investment cycle, driven by the need for transport infrastructures, public facilities, and hydraulic resources. The combination of a robust order book, an increase in technical project complexity, and international expansion provides the group with a sustained growth trajectory, with challenges now more focused on execution and margin preservation.
As reported by boursenews.ma.
