SOFAC Accelerates Its Operations with a Net Production of 7.2 Billion Dirhams in the First Half of 2026
SOFAC Continues Its Growth Trajectory in the First Half of 2026
SOFAC is maintaining its growth momentum in the first half of 2026, buoyed particularly by the strong performance of the Moroccan automotive market and the expansion of its financing and leasing activities. The company has also bolstered its resources to support the rise in its portfolios.
As of the end of June 2026, SOFAC’s net production reached 7.201 billion dirhams, up from 6.111 billion dirhams a year earlier, marking an 18% increase.
This growth comes in a favorable context for the Moroccan new vehicle market, which saw sales rise by 17.6% during the same period.
Strong Growth in Portfolios
The increase in production has been accompanied by a significant rise in portfolios. These reached 27.691 billion dirhams by the end of June 2026, up from 24.342 billion dirhams at the end of December 2025, reflecting a 14% growth over six months.
In detail, production for the first quarter was 3.984 billion dirhams, compared to 2.868 billion dirhams in the first quarter of 2025. In the second quarter, it was 3.217 billion dirhams, slightly down from 3.243 billion dirhams a year earlier. This slight stability follows the substantial increase observed in the first three months of the year.
Increased Use of Financing
The expansion of activities has also resulted in an increase in net debt. This figure stood at 17.110 billion dirhams by the end of June 2026, compared to 14.492 billion dirhams six months prior, which is an increase of 18%.
This evolution reflects the resources mobilized by the group to support the growth of its activities and the rise in its portfolios.
As part of its strategy to diversify refinancing sources, SOFAC has engaged in various financing operations, including securitization, debt issuance through financing companies, and medium-term markets.
In May 2026, the group completed a debt issuance of 422 million dirhams, aimed at strengthening its financial resources and supporting the development of its activities.
Continued Growth in Bank Income
On the financial front, social net banking income was 594 million dirhams by the end of June 2026, up from 526 million dirhams a year earlier, representing a 13% increase.
On a consolidated basis, net banking income reached 584 million dirhams, compared to 520 million dirhams in the first half of 2025, marking a 12% rise.
This growth reflects the positive direction of SOFAC’s core activities, driven by an increase in financing operations and the dynamics of the segments in which the group operates, particularly in automotive and leasing.
Continuing Growth in the Second Half
For the second half of the year, SOFAC aims to continue developing its activities in the automotive and leasing sectors, while also enhancing its financing solution offerings.
The group also plans to further diversify its refinancing sources to ensure it has the necessary resources to support the growth of its portfolios and meet the evolving financing needs.
The results from the first half of 2026 confirm a favorable dynamic for SOFAC, with increases in production, portfolios, and net banking income. The strengthening of its financing capacities should allow the group to maintain this growth trajectory in the coming months.
