Maroc Telecom, Morocco’s largest telecoms operator, said on Friday that its net profit surged to 6.969 billion dirhams ($760 million) in 2025.
The sharp increase was influenced by a very low profit figure recorded the previous year following the settlement of a local-loop unbundling dispute with a competitor.
The 2025 result represents a 288% rise compared to 2024, when profit had been significantly reduced by a 6.368 billion dirham payment to rival operator Wana Corporate.
The payment was part of the same settlement over local-loop unbundling, which requires a dominant operator to grant other providers access to its fibre network, Reuters reported.
Excluding such one-off items, adjusted net profit declined by 4.9% to 5.649 billion dirhams, as the company invested 25.6% of its revenue in rolling out its 5G network in Morocco. Consolidated revenue edged down 0.1% to 36.6 billion dirhams.
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Maroc Telecom said its customer base grew by 3.6% to 77 million, driven mainly by growth in its African subsidiaries, which operate under the Moov Africa brand. Its customer base in Morocco remained steady at 22 million.
The company announced it would pay a dividend of 4 dirhams per share, amounting to a total payout of 3.5 billion dirhams.
Listed in Casablanca and on Euronext Paris, the telecom operator is 53% owned by the UAE’s Etisalat and 22% by the Moroccan state.
In addition to Morocco, the group operates in Benin, Burkina Faso, Central African Republic, Chad, Gabon, Ivory Coast, Mali, Mauritania, Niger and Togo.
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Image Credit: Morocco Word News
