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TAQA Morocco Q1 2026 Earnings Rise: Net Profit Up 5% and Debt Down 9%

TAQA Morocco posted a solid first‑quarter 2026 performance. Net profit attributable to the group rose 5% to 300 million DH, while overall net profit ticked up 1.1% to 384 million DH. Revenue grew modestly to 2.96 billion DH (+0.7%). Operational efficiency remained strong, with EBITDA up 1.8% and operating profit up 3.1%. The company reduced net debt by 9.2% to 4.32 billion DH and boosted capital spending by 25.3% to 49 million DH, mainly for unit maintenance. Management looks ahead with confidence, emphasizing its 2030 decarbonisation plan.

May 26th, 2026

1 min read

By boursenews.ma

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Key Performance Indicators

Overall availability (Units 1‑6): 86.6% for Q1 2026, down from 90.0% YoY due to scheduled inspections on Units 1, 5 and 6.

Financial Highlights

Consolidated revenue: 2,963 million DH (+0.7% YoY).
EBITDA: 1,007 million DH (+1.8%).
Operating profit: 813 million DH (+3.1%).
Net profit (consolidated): 384 million DH (+1.1%).
Net profit attributable to the Group: 300 million DH (+5.0%).
Net debt: 4,320 million DH, down 9.2% YoY.

Capital Expenditure

Investments reached 49 million DH in Q1 2026, a 25.3% increase year‑on‑year, mainly for operation and maintenance of production units.

Outlook

TAQA Morocco remains confident for the coming quarters, pursuing its 2030 decarbonisation roadmap, expanding renewable capacity, desalination projects and strategic infrastructure.