The company “Epyx” experienced a significant rise in profitability during the first half of 2025, with a net profit reaching 71.6 million dirhams, compared to 23.0 million dirhams in the same period of 2024. This marks a substantial annual growth of 211%.
The core operating profit from ongoing business reached 76 million dirhams, down from 91.5 million dirhams recorded in the first half of 2024 on a like-for-like basis. However, due to planned investments in growth initiatives—including startup costs for “Enercab” and fixed development expenses for “Mwasim”—the final operating profit settled at 54.2 million dirhams. These investments align with strategic goals for future revenue streams.
The group reported a total profit of 79.8 million dirhams for the first half of 2025, a decrease from 104.9 million dirhams in the first half of 2024, indicating a nearly 24% drop year-over-year, despite a 10% increase in total working days annually. Profitability faced pressure from industry-wide cost optimization initiatives by key clients, which led to margin compression, along with strategic investment stages by Enercab that absorbed short-term resources.
General and administrative expenses rose to 38.2 million dirhams in the first half of 2025, up from 29.5 million dirhams in the first half of 2024. This increase is entirely attributed to the startup costs associated with Enercab and the Mwasim project.