Maroc Telecom reported higher revenue and operating profit in the first quarter of 2026, driven by strong performance in its African subsidiaries and stable activity in its domestic market.
Group revenue rose 5% year on year to 9.32 billion dirhams, supported by growth in data usage and mobile money services, particularly across its Moov Africa operations.
Earnings before interest, tax, depreciation and amortization (EBITDA) increased 6.1% to 4.66 billion dirhams, with the margin remaining high at 50%. Operating income (EBITA) rose 4.1% to 2.74 billion dirhams, while net profit stood at 1.30 billion dirhams, down 3.4% due to the impact of a solidarity contribution. Excluding this factor, net profit grew 3.3%.
Operating cash flow rose 13.8% to 2.26 billion dirhams, reflecting strong profitability.
International operations generated over 5 billion dirhams in revenue, up 8.5%, offsetting slower growth in Morocco, where revenue edged up 0.7% to 4.6 billion dirhams.
The group’s customer base expanded 1.8% to more than 76 million subscribers, driven by growth in Africa, while the Moroccan mobile segment declined.
Maroc Telecom said continued investment in high-speed infrastructure and data services would support future growth.
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