Maroc Telecom, Morocco’s largest telecommunications provider, posted a net profit of 6.969 billion dirhams (approximately $760 million) for 2025, marking a 288 % increase compared with 2024, according to Reuters. The jump reflects the absence of a 6.368 billion‑dirham legal settlement paid to rival operator Wana Corporate in 2024 over local-loop unbundling disputes, which had previously reduced earnings.
When excluding one-off items, Maroc Telecom’s adjusted net profit fell by 4.9 % to 5.649 billion dirhams, reflecting increased capital spending on network expansion, particularly its ongoing 5G rollout. The company invested roughly 25.6 % of revenue in capital expenditures during the year, MarketScreener reported.
Consolidated revenue for 2025 stood at 36.6 billion dirhams, slightly below the previous year, while the group’s customer base grew by 3.6 % to around 77 million subscribers, driven largely by its African subsidiaries under the Moov Africa brand. Maroc Telecom declared a dividend of 4 dirhams per share, totaling about 3.5 billion dirhams, to be distributed to shareholders.
This performance underscores Maroc Telecom’s ability to maintain profitability and expand its customer base despite one-off accounting impacts and continued investment in high-tech infrastructure.
