Maroc Telecom has reported a 5 percent rise in revenue for the first quarter of 2026, supported by strong performance from its African subsidiaries.
The group posted revenue of 9.3 billion Moroccan dirhams, with growth largely driven by its Moov Africa operations, where revenue increased by 8.5 percent. In Morocco, revenue rose slightly by 0.7 percent, as higher demand for mobile data and fibre broadband helped offset declines in traditional voice and ADSL services.
Earnings before interest, tax, depreciation, and amortisation reached 4.66 billion dirhams, up 6.1 percent, with a margin of 50 percent. Operating profit also increased by 4.1 percent to 2.75 billion dirhams.
However, net income fell by 3.4 percent to 1.3 billion dirhams. The company said this drop was mainly due to the impact of a social solidarity contribution. Without this factor, net income would have grown by 3.3 percent.
Maroc Telecom increased its investment spending during the period, with capital expenditure reaching 1.3 billion dirhams. Much of this was directed towards expanding broadband infrastructure in both Morocco and sub-Saharan Africa.
Cash flow from operations rose by 13.8 percent to 2.3 billion dirhams, reflecting stronger overall performance.
The company’s total customer base grew to more than 76 million users by the end of March 2026, an increase of 1.8 percent compared to the previous year. Growth in African markets helped balance a decline in subscribers in Morocco.
In its home market, the company said performance is improving, driven by demand for data services, especially fibre-to-the-home connections. Across its African operations, Maroc Telecom reported steady growth despite competition and regulatory challenges, supported by rising use of mobile data, fixed internet, and mobile money services.
The group said continued investment in high-speed mobile and broadband networks is helping improve service quality and support future growth. It also noted that careful cost management has helped maintain strong profitability.
Overall, the results show that Maroc Telecom’s expansion across Africa is playing an increasingly important role in its growth, as demand for digital services continues to rise.
