Managem Reports Annual Revenue of 13 Billion Dirhams in 2025 Driven by Tizert and Boto Projects
In 2025, Managem achieved a consolidated revenue of 13 billion dirhams, marking a 55% increase year-on-year. This milestone was driven by the launch of the Tizert and Boto copper and gold projects in Morocco and Senegal, respectively. Revenue for the last quarter rose by 170% compared to the previous year, reflecting strong performance in gold and copper activities. Cumulative investments reached 5.95 billion dirhams, with 73% allocated to development projects, while net debt rose by 23% to 12.67 billion dirhams by year-end.
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Managem surpassed 10 billion dirhams in annual revenue for the first time in 2025, registering 13 billion dirhams, a 55% increase from the previous year. This growth was propelled by the Tizert copper project in Morocco and the Boto gold project in Senegal, which together generated over 3.5 billion dirhams.
The last quarter's revenue showed a 170% increase year-on-year. Cumulative investments totaled 5.95 billion dirhams, with a significant focus on development projects. Net debt reached 12.67 billion dirhams at the end of December 2025, reflecting increased investments but decreased in the last quarter due to cash flow from new projects.
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