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Morocco Telecom reports 28.68B dirhams revenue
Telecom Maroc Group achieved revenues of 28.68 billion dirhams during the first nine months of 2026, representing a 5.1% increase compared to the same period in 2025, driven by growth in its local operations and African subsidiaries. Net profits declined by 30.1% to 3.86 billion dirhams, primarily due to the recognition of exceptional income in 2025, despite operating profits rising by 4.9% to 14.38 billion dirhams, with a profit margin of 50.1%. In Morocco, revenue increased by 2.7% to 14.33 billion dirhams, while the number of mobile phone customers decreased by 2.9% to 18.95 million. However, the mobile internet user base grew by 5.7%, reaching 12.18 million. The "Mobility Africa" branch recorded revenues of 15.18 billion dirhams, a growth of 6.9%, with service features for mobile, fixed internet, and performance services expanding between 10.4% and 18.8%. The group's total customer base reached approximately 78 million, a 2.4% annual increase. The company invested 5.85 billion dirhams in infrastructure, although this was lower than the previous year, mainly focusing on ultra-fast internet infrastructure. Operating cash flows increased by 9.1% to 7.14 billion dirhams, with net debt totaling 21.02 billion dirhams. In September, the company announced a dividend distribution of 3.5 billion dirhams, continuing to develop data services, infrastructure, and strengthen its African operations, maintaining its strategy for sustainable growth.
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