RABAT, Feb 13 – Maroc Telecom reported net profit of 6.969 billion dirhams, equivalent to about 760 million dollars, for 2025, marking a sharp rebound from the prior year when earnings were weighed down by a major settlement payment.
The result represents a 288 percent increase from 2024, when profit was significantly reduced by a 6.368 billion dirham payment to rival Wana Corporate. The payment resolved a dispute over local loop unbundling, a regulatory framework requiring a dominant telecom operator to grant competitors access to its fibre network infrastructure.
Stripping out exceptional items, adjusted net profit declined 4.9 percent to 5.649 billion dirhams. The company said it invested 25.6 percent of revenue during the year, largely driven by the rollout of its 5G network across Morocco.
Consolidated revenue edged down 0.1 percent to 36.6 billion dirhams.
The operator’s total customer base expanded 3.6 percent to 77 million subscribers, supported by growth across its African subsidiaries operating under the Moov Africa brand. Its domestic subscriber base in Morocco remained stable at 22 million.
Maroc Telecom announced a dividend of 4 dirhams per share, amounting to a total distribution of 3.5 billion dirhams.
The group is listed on the Casablanca Stock Exchange and on Euronext Paris. It is 53 percent owned by the UAE based Etisalat and 22 percent held by the Moroccan state.
Beyond Morocco, the company operates in Benin, Burkina Faso, the Central African Republic, Chad, Gabon, Ivory Coast, Mali, Mauritania, Niger and Togo, reinforcing its position as one of the leading telecom groups across West and Central Africa.
