Maroc Telecom revenue rises over 5 percent in H1 2026

During the first half of 2026, the Maroc Telecom Group achieved a revenue of 19.009 billion dirhams, marking a 5.4% increase. This growth was fueled by a 7.5% rise in revenue from its Moov Africa subsidiaries and a 2.2% uplift in its Moroccan operations. As of June 30, 2026, the company also reported significant boosts in mobile data revenue (+20%) and fixed-line data revenue (+12%) in Morocco, alongside a 30% expansion of its FTTH base, according to the group's results.

Group EBITDA grew by 5.1%, while the net income attributable to the group reached 2.5 billion dirhams. The group's overall performance increased by 8.1%, allowing it to maintain its 2026 forecast on a comparable basis and at constant exchange rates.

According to the same source, «the first half of 2026 also marks a new phase in executing the Group’s strategic plan, highlighted by the ongoing deployment of shared infrastructure through partnerships in Morocco and ramped-up investments in subsidiaries, particularly in ultra-high-speed broadband and Mobile Money».

The results also indicate steady growth in Moroccan operations, with revenue rising by 2.2% in the first half of 2026 to 9.405 billion dirhams. «This growth was fueled by increases in both Mobile revenue (+1.4%) and Fixed-line revenue (+4.5%), benefiting from the expansion of fixed-line data (+12.3%) and mobile data (+20.2%)», the group noted.

Net operating cash flow (CFFO) in Morocco was reported at 2.479 billion dirhams, down by 8.2%, attributed to the payment of some equipment costs associated with the 5G rollout. By the end of June 2026, the Group’s international operations generated revenue of 10.147 billion dirhams (+7.5%), thanks to «increased mobile data usage (+12.5%) and Mobile Money activities (+18.2%), offsetting the decline in voice and international incoming revenue».

During the same period, net operating cash flow (CFFO) from international operations increased by 22.7%, reaching 2.126 billion dirhams.