Moroccan fintech leader Cash Plus has announced strong financial results for the fiscal year 2025, marking its first official communication since its debut on the Casablanca Stock Exchange. The payment services group reported a net banking income (NBI) of MAD 863 million ($86.3 million), a significant 14% increase year-on-year.
The company’s performance was particularly robust in the final quarter of the year, with an NBI of MAD 222 million ($22.2 million), reflecting a 19% rise compared to the same period in 2024. Across all its activities, Cash Plus processed a total volume of MAD 130 billion ($13 billion) for the full year, a 13% increase from the previous year.
Strong Financial Performance Post-Listing
Following its successful initial public offering in November 2025, which raised MAD 750 million ($75 million), Cash Plus has demonstrated considerable financial momentum. The group’s consolidated commissions for the year reached MAD 1.21 billion ($121 million), up 15%. This growth accelerated in the fourth quarter, with commissions hitting MAD 331 million ($33.1 million), a 20% jump year-on-year. The standalone NBI for the group was reported at MAD 693 million ($69.3 million) at the end of the year.
Strategic Network and Digital Expansion
Cash Plus heavily invested in both its physical footprint and technological capabilities throughout 2025. The company committed MAD 47 million ($4.7 million) towards enhancing its territorial coverage and upgrading its tech infrastructure. This investment fueled the opening of 208 new points of sale, expanding its agency network by 12% to a total of 5,200 locations across Morocco.
On the digital front, the company broadened its payment ecosystem by integrating PayPal into its suite of solutions, further diversifying its offerings for its client base of over 10 million annual customers.
Diverse Revenue Streams Drive Growth
The company’s revenue growth was supported by strong performance across its primary business lines. Money transfer, the group’s core activity, saw its commissions grow by 11% to MAD 940 million ($94 million), largely driven by a surge in domestic transfers in the latter half of the year.
The payment accounts division was the standout performer, with commissions surging by 32% to reach MAD 275 million ($27.5 million). This exceptional growth was attributed to the success of existing products and the launch of new offerings. Additionally, proximity services continued to show sustained demand, generating MAD 569 million ($56.9 million) in revenue, a 7% increase.
About Cash Plus
Cash Plus is a leading Moroccan payment services group that provides a wide range of financial and para-financial services. It operates the largest agency network in Morocco, with 5,200 locations serving over 10 million clients annually. The company’s core services include domestic and international money transfers, payment accounts, and various proximity services. Cash Plus was listed on the Casablanca Stock Exchange in November 2025.
Source: Morocco World News
