Stocks Market
Maroc Telecom Achieves 5% Revenue Growth in Q1 2026 Amid Strategic Investments
Maroc Telecom reported a 5% rise in consolidated revenue to MAD 9.327 billion in Q1 2026, driven by growth in African subsidiaries (Moov Africa) and stable Moroccan operations. EBITDA reached nearly MAD 5 billion with a 50% margin. However, net profit fell 3.4% due to social security contributions. Key investments in high-speed infrastructure and client base expansion (76 million users) underpin sustained growth.
Listen to this article
Unlock audio versions of premium articles and more with a Pro subscription.
Maroc Telecom's Q1 2026 Performance Highlights
Maroc Telecom delivered strong financial results for Q1 2026, with consolidated revenue surging 5.0% to MAD 9.327 billion. This growth stems from accelerated activity at African subsidiaries like Moov Africa (+8.5%) and stable operations in Morocco (+0.7%). The company capitalized on increased Data Mobile and Fixed Data demand from FTTH expansion, offsetting declines in voice and ADSL services.
- Financial metrics: EBITDA reached nearly MAD 5 billion (50% margin), up 6.1% YoY.
- Investment focus: CAPEX surged 50.5% to MAD 1.3 billion, prioritizing high-speed infrastructure.
- Client growth: Network reached 76 million users (+1.8% YoY), driven by Moov Africa's 3.9% user increase.
Despite a 3.4% drop in net profit (to MAD 1.3 billion) due to social contributions, the group maintains robust cash flow (MAD 2.3 billion CFFO, +13.8%). Strategic investments in Very High Bitrate networks across Morocco and sub-Saharan Africa aim to sustainlong-term growth.