{"id":488502,"date":"2026-02-13T12:25:52","date_gmt":"2026-02-13T12:25:52","guid":{"rendered":"https:\/\/www.financialafrik.com\/en\/2026\/02\/13\/morocco-telecom-achieves-3-67-billion-in-revenue-in-2025\/"},"modified":"2026-02-13T12:26:00","modified_gmt":"2026-02-13T12:26:00","slug":"morocco-telecom-achieves-3-67-billion-in-revenue-in-2025","status":"publish","type":"post","link":"https:\/\/www.financialafrik.com\/en\/2026\/02\/13\/morocco-telecom-achieves-3-67-billion-in-revenue-in-2025\/","title":{"rendered":"Morocco Telecom achieves $3.67 billion in revenue in 2025"},"content":{"rendered":"
<\/div>\n

In 2025, the Maroc Telecom group recorded a consolidated revenue of 36.7 billion dirhams (approximately $3.67 billion), an increase of 1.4% at constant exchange rates compared to 2024. This performance is mainly driven by the sustained growth of international activities (+5.3%), led by subsidiaries Moov Africa, combined with the resilience of the domestic market.<\/p>\n\n\n\n

Specifically, as of December 2025, the group’s total customer base stands at nearly 77 million, up 3.6% year-on-year. This growth is mainly attributable to Moov Africa subsidiaries (+5.1%), while the customer base in Morocco remains stable at around 22 million subscribers.<\/p>\n\n\n\n

EBITDA stands at 18.49 billion dirhams ($1.85 billion), down 2.4%, impacted by the decline in Morocco (-6.6%), partially offset by the performance of subsidiaries (+3.4%). EBITA amounts to 13.55 billion dirhams ($1.35 billion). Excluding exceptional items related to the dispute with Wana, adjusted EBITA stands at 11.55 billion dirhams ($1.15 billion), down 3.5%.<\/p>\n\n\n\n

Net profit attributable to the group reaches 6.97 billion dirhams ($697 million). Adjusted for exceptional items, it amounts to 5.65 billion dirhams ($565 million), down 4.3%.<\/p>\n\n\n\n

Investments represent 25.6% of revenue, supported by the launch of 5G in Morocco. Operating cash flows decline by 11% to 8.02 billion dirhams ($802 million), mainly due to the payment for the 5G license. Net debt is equivalent to 0.9 times EBITDA.<\/p>\n\n\n\n

The board will propose a dividend of 4 dirhams per share ($0.40), totaling 3.5 billion dirhams ($350 million).<\/p>\n

<\/div>","protected":false},"excerpt":{"rendered":"

In 2025, the Maroc Telecom group recorded a consolidated revenue of 36.7 billion dirhams (approximately $3.67 billion), an increase of 1.4% at constant exchange rates compared to 2024. This performance is mainly driven by the sustained growth of international activities (+5.3%), led by subsidiaries Moov Africa, combined with the resilience of the domestic market. Specifically,<\/p>\n","protected":false},"author":537209,"featured_media":488505,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"pmpro_default_level":"","jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"translated_post_url_fr":"https:\/\/www.financialafrik.com\/2026\/02\/13\/maroc-telecom-realise-367-milliards-de-dollars-de-chiffre-daffaires-en-2025\/","_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[16068,12036,12012],"tags":[],"class_list":{"0":"post-488502","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-fintech-telecom","8":"category-sectors","9":"category-telecoms-en","10":"pmpro-has-access"},"yoast_head":"\nMorocco Telecom achieves $3.67 billion in revenue in 2025 - Financial Afrik<\/title>\n<meta name=\"description\" content=\"Headed by Adama Wade and his team of 20 journalists, Kapital Afrik offers strategic and financial information to executives and managers. 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