Board Change • May 04
Less than half of directors are independent There is 1 new director who has joined the board in the last 3 years. The new board member was an independent director. The company's board is composed of: 1 new director. 8 experienced directors. No highly experienced directors. 3 independent directors (6 non-independent directors). Independent Director Abdelhadi El Omari was the last independent director to join the board, commencing their role in 2024. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Duyuru • Apr 30
Agma SA, Annual General Meeting, May 29, 2026 Agma SA, Annual General Meeting, May 29, 2026. Location: 102 rue abderrahmane sahraoui, casablanca Morocco New Risk • Apr 19
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2025. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risk Shares are highly illiquid. Minor Risk Latest financial reports are more than 6 months old (reported June 2025 fiscal period end). Board Change • Mar 30
Less than half of directors are independent There is 1 new director who has joined the board in the last 3 years. The new board member was an independent director. The company's board is composed of: 1 new director. 8 experienced directors. No highly experienced directors. 3 independent directors (6 non-independent directors). Independent Director Abdelhadi El Omari was the last independent director to join the board, commencing their role in 2024. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Board Change • Feb 23
Less than half of directors are independent There is 1 new director who has joined the board in the last 3 years. The new board member was an independent director. The company's board is composed of: 1 new director. 8 experienced directors. No highly experienced directors. 3 independent directors (6 non-independent directors). Independent Director Abdelhadi El Omari was the last independent director to join the board, commencing their role in 2024. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Board Change • Dec 25
Less than half of directors are independent There is 1 new director who has joined the board in the last 3 years. The new board member was an independent director. The company's board is composed of: 1 new director. 8 experienced directors. No highly experienced directors. 3 independent directors (6 non-independent directors). Independent Director Abdelhadi El Omari was the last independent director to join the board, commencing their role in 2024. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Board Change • Sep 18
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 9 experienced directors. No highly experienced directors. 2 independent directors (7 non-independent directors). Chairman & CEO Ali Chraibi was the last director to join the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Board Change • Jul 16
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 9 experienced directors. No highly experienced directors. 2 independent directors (7 non-independent directors). Chairman & CEO Ali Chraibi was the last director to join the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Declared Dividend • Jun 17
Dividend increased to د.م300 Dividend of د.م300 is 9.1% higher than last year. Ex-date: 15th July 2025 Payment date: 24th July 2025 Dividend yield will be 4.6%, which is higher than the industry average of 3.5%. Sustainability & Growth The dividend has increased by an average of 3.3% per year over the past 9 years and payments have been stable during that time. Board Change • Jun 17
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 9 experienced directors. No highly experienced directors. 2 independent directors (7 non-independent directors). Chairman & CEO Ali Chraibi was the last director to join the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Declared Dividend • May 11
Dividend increased to د.م300 Dividend of د.م300 is 9.1% higher than last year. Ex-date: 15th July 2025 Payment date: 24th July 2025 Dividend yield will be 4.3%, which is higher than the industry average of 3.5%. Sustainability & Growth The dividend has increased by an average of 2.0% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. Buy Or Sell Opportunity • May 09
Now 24% overvalued after recent price rise Over the last 90 days, the stock has risen 2.8% to د.م6,990. The fair value is estimated to be د.م5,654, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Buy Or Sell Opportunity • Apr 10
Now 24% overvalued after recent price rise Over the last 90 days, the stock has risen 1.8% to د.م6,999. The fair value is estimated to be د.م5,654, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Board Change • Apr 04
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 9 experienced directors. No highly experienced directors. 2 independent directors (7 non-independent directors). Chairman & CEO Ali Chraibi was the last director to join the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Buy Or Sell Opportunity • Feb 28
Now 23% overvalued after recent price rise Over the last 90 days, the stock has risen 7.4% to د.م6,969. The fair value is estimated to be د.م5,654, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Board Change • Feb 24
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 9 experienced directors. No highly experienced directors. 2 independent directors (7 non-independent directors). Chairman & CEO Ali Chraibi was the last director to join the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Board Change • Dec 25
Less than half of directors are independent There is 1 new director who has joined the board in the last 3 years. The new board member was not an independent director. The company's board is composed of: 1 new director. 8 experienced directors. No highly experienced directors. 2 independent directors (7 non-independent directors). Chairman & CEO Ali Chraibi was the last director to join the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Board Change • Oct 02
Less than half of directors are independent There is 1 new director who has joined the board in the last 3 years. The new board member was not an independent director. The company's board is composed of: 1 new director. 8 experienced directors. No highly experienced directors. 2 independent directors (7 non-independent directors). Chairman & CEO Ali Chraibi was the last director to join the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Upcoming Dividend • Jul 09
Upcoming dividend of د.م275 per share Eligible shareholders must have bought the stock before 16 July 2024. Payment date: 25 July 2024. Trailing yield: 3.6%. Lower than top quartile of Moroccan dividend payers (4.4%). In line with average of industry peers (3.8%). Duyuru • May 05
Agma SA, Annual General Meeting, May 29, 2024 Agma SA, Annual General Meeting, May 29, 2024. Agenda: To consider Approval of accounts; to consider Allocation of results; to consider Ratification of the co-optation of a Director; and to consider Resignation of a Director. Reported Earnings • Apr 27
Full year 2023 earnings released Full year 2023 results: Revenue: د.م165.4m (up 8.8% from FY 2022). Net income: د.م64.4m (up 13% from FY 2022). Profit margin: 39% (up from 37% in FY 2022). The increase in margin was driven by higher revenue. New Risk • Apr 18
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2023. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (7.3% average weekly change). Minor Risks High level of debt (48% net debt to equity). Latest financial reports are more than 6 months old (reported June 2023 fiscal period end). Board Change • Dec 12
Less than half of directors are independent There is 1 new director who has joined the board in the last 3 years. The new board member was not an independent director. The company's board is composed of: 1 new director. 6 experienced directors. No highly experienced directors. 2 independent directors (5 non-independent directors). Director Ali Chraibi was the last director to join the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Board Change • Nov 08
Less than half of directors are independent There is 1 new director who has joined the board in the last 3 years. The new board member was not an independent director. The company's board is composed of: 1 new director. 6 experienced directors. No highly experienced directors. 2 independent directors (5 non-independent directors). Director Ali Chraibi was the last director to join the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. New Risk • Oct 07
New minor risk - Financial position The company has a high level of debt. Net debt to equity ratio: 48% This is considered a minor risk. Having a high level of debt increases the company's balance sheet risk. The company has a higher interest repayment burden, leading to the need to allocate a greater amount of its earnings towards servicing the debt, potentially limiting growth options or shareholder distributions. It can also increase the risk of bankruptcy if business conditions deteriorate enough that the company can no longer meet its debt obligations. Currently, the following risks have been identified for the company: Major Risk Shares are highly illiquid. Minor Risk High level of debt (48% net debt to equity). Board Change • Aug 17
Less than half of directors are independent There is 1 new director who has joined the board in the last 3 years. The new board member was not an independent director. The company's board is composed of: 1 new director. 6 experienced directors. No highly experienced directors. 2 independent directors (5 non-independent directors). Director Ali Chraibi was the last director to join the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Upcoming Dividend • Jul 11
Upcoming dividend of د.م255 per share at 4.1% yield Eligible shareholders must have bought the stock before 18 July 2023. Payment date: 27 July 2023. Trailing yield: 4.1%. Lower than top quartile of Moroccan dividend payers (4.5%). Higher than average of industry peers (3.7%). Reported Earnings • Apr 22
Full year 2022 earnings released Full year 2022 results: Revenue: د.م154.4m (up 9.2% from FY 2021). Net income: د.م55.3m (up 6.1% from FY 2021). Profit margin: 36% (down from 37% in FY 2021). The decrease in margin was driven by higher expenses. Board Change • Dec 26
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 5 non-independent directors. Director Ali Chraibi was the last director to join the board, commencing their role in 2022. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Nov 17
No independent directors There is 1 new director who has joined the board in the last 3 years. The new board member was not an independent director. The company's board is composed of: 1 new director. 6 experienced directors. No highly experienced directors. No independent directors (7 non-independent directors). Director Badre Atlassi was the last director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Reported Earnings • Oct 05
First half 2022 earnings released: EPS: د.م0 (vs د.م0 in 1H 2021) First half 2022 results: EPS: د.م0 (in line with 1H 2021). Revenue: د.م82.6m (up 122% from 1H 2021). Net income: د.م31.5m (up 123% from 1H 2021). Profit margin: 38% (in line with 1H 2021). Board Change • Sep 08
No independent directors There is 1 new director who has joined the board in the last 3 years. The new board member was not an independent director. The company's board is composed of: 1 new director. 6 experienced directors. No highly experienced directors. No independent directors (7 non-independent directors). Director Badre Atlassi was the last director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Upcoming Dividend • Jul 11
Upcoming dividend of د.م250 per share Eligible shareholders must have bought the stock before 18 July 2022. Payment date: 27 July 2022. Trailing yield: 4.7%. Within top quartile of Moroccan dividend payers (4.4%). Higher than average of industry peers (3.5%). Board Change • Jun 02
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 7 non-independent directors. Director Badre Atlassi was the last director to join the board, commencing their role in 2020. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • May 16
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 7 non-independent directors. Director Badre Atlassi was the last director to join the board, commencing their role in 2020. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Apr 21
Full year 2021 earnings released Full year 2021 results: Revenue: د.م144.8m (up 11% from FY 2020). Net income: د.م52.1m (up 4.0% from FY 2020). Profit margin: 36% (down from 38% in FY 2020). The decrease in margin was driven by higher expenses. Board Change • Mar 28
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 7 non-independent directors. Director Badre Atlassi was the last director to join the board, commencing their role in 2020. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Dec 17
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 7 non-independent directors. Director Badre Atlassi was the last director to join the board, commencing their role in 2020. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Nov 23
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 7 non-independent directors. Director Badre Atlassi was the last director to join the board, commencing their role in 2020. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Upcoming Dividend • Jul 08
Upcoming dividend of د.م235 per share Eligible shareholders must have bought the stock before 13 July 2021. Payment date: 27 July 2021. Trailing yield: 5.1%. Within top quartile of Moroccan dividend payers (4.5%). Higher than average of industry peers (2.9%).