At a glance
TGCC builds buildings and infrastructure: airports, railway stations, stadiums, office and residential towers, hospitals and industrial sites. The group works in Morocco and West Africa (Côte d’Ivoire, Senegal, Gabon). Its subsidiary STAM VIAS carries out infrastructure works.
History
The group has been in construction for more than thirty years. It listed on the Casablanca Stock Exchange in December 2021 at MAD 136 per share, raising MAD 600 million. In 2025 it announced a MAD 2.5 billion capital increase to support its growth.
Latest published results
In the first half of 2026, consolidated revenue fell 2.3% to MAD 5.48 billion because of first-quarter weather and the completion of several major projects in 2025. Net income attributable to the group rose 4.5% to MAD 435 million. The order book jumped 48.5% to MAD 28.4 billion. Net debt rose to MAD 2.1 billion.
What to watch
The ramp-up of recently launched major projects and net debt, linked to payment delays on some contracts.
Key dates
- 2021
Listing on the Casablanca Stock Exchange in December at MAD 136 per share, raising MAD 600 million.
- 2025
A MAD 2.5 billion capital increase is announced.
- 2026
Record order book of MAD 28.4 billion at end-June.
Sources: Boursenews, TGCC : résultat net et carnet de commandes au premier semestre 2026, September 29, 2026; TelQuel, TGCC s'introduit à la Bourse de Casablanca, November 22, 2021; Médias24, TGCC recule après l'annonce d'une augmentation de capital de 2,5 MMDH, May 21, 2025.
Profile updated on October 29, 2026.