he Maroc Telecom group released its results for the first nine months of 2026 on Friday, October 23: consolidated revenue of 28,682 million dirhams, up 5.1% year on year, and earnings before interest, taxes, depreciation and amortization (EBITDA) of 14,377 million, up 4.9%, with the margin held at 50.1%. In Morocco, mobile and fixed-line operations generated 14,332 million dirhams, up 2.7% on the strength of data, with an EBITDA margin of 55.6%. The Moov Africa subsidiaries did better still: 15,177 million dirhams of international revenue, 6.9% more, lifted by mobile data (+10.4%), fixed internet (+16.8%) and mobile money (+18.8%).
Net income group share came to 3,862 million dirhams, down on the year, as 2025 had booked the exceptional proceeds of the agreement reached with Wana Corporate. Excluding that item, it rose 4.3%, and operating income (EBITA), at 8,625 million, rose 6.1%. Net operating cash flow reached 7,143 million dirhams, up 9.1%, and consolidated net debt, at 21,018 million, stays contained at 1.0 times annualized EBITDA despite the 3.5 billion dirhams of dividends paid in September. Capital expenditure excluding frequencies and licenses, at 20.1% of revenue, remains in line with the annual outlook: it is in very high-speed mobile and fixed broadband and in mobile money that the incumbent will look for its next sources of growth.
Photo: CAPTAIN RAJU, CC0.
Maroc Telecom - Résultats au troisième trimestre 2026
