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Maroc Telecom reports 1.3 billion DH net profit in Q1 2026
via Le Matin1 min read
Maroc Telecom achieved a consolidated revenue of 9.3 billion DH in the first quarter of 2026, marking a 5% increase. This growth was driven by a 1.8% rise in its customer base, reaching 76 million, and increased usage. The Moov Africa subsidiaries were a primary contributor, growing by 8.5%, with their customer base expanding by 3.9% and revenues boosted by Mobile Data, Fixed Data, and Mobile Money. In Morocco, activity stabilized, with Mobile Data and Fixed Data fiber optics offsetting declines in voice and ADSL services. Maroc Telecom's EBITDA reached nearly 5 billion DH in Q1, up 6.1%, with an EBITDA margin of 50%, thanks to controlled operating expenses. However, the Group's net profit decreased by 3.4% to 1.3 billion DH due to the social solidarity contribution. Excluding this impact, the profit would have improved by 3.3% compared to the same period last year. The company maintains a high cash level, with cash flows growing by 13.8% to 2.3 billion DH, enabling a 50% increase in investments excluding frequencies and licenses to 1.3 billion DH, primarily focused on broadband.
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This summary was AI-generated from a story originally published by Le Matin.
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