RABAT – Maroc Telecom, Morocco’s largest telecoms operator, announced on Friday that its net profit soared to 6,969 million dirhams ($760 million) in 2025, but it was distorted by a very low figure from the previous year due to the settlement of a local loop unbundling dispute with a competitor.
This result is a 288% increase compared to 2024, when profits were significantly reduced by the Dh6.368 billion paid to rival operator Wana Corporate as part of a similar settlement over local loop unbundling. Dominant operators will then need to give access to their fiber networks to other providers.
Adjusted net profit excluding one-time items fell 4.9% to AED 5,649 million, as Maroc Telecom invested 25.6% of its revenue in the rollout of its 5G network in Morocco.
Consolidated sales decreased by 0.1% to AED 36.6 billion.
The company announced that its customer base in Morocco remained stable at 22 million, while its customer base increased by 3.6% to 77 million due to the expansion of its African subsidiary, sold under the Moov Africa brand.
Maroc Telecom has announced that it will pay a dividend of 4 dirhams per share, totaling 3.5 billion dirhams.
The operator, listed on Casablanca and Euronext Paris, is 53% owned by the UAE’s Etisalat and 22% owned by the Moroccan state.
In addition to Morocco, the group is active in Benin, Burkina Faso, Central African Republic, Chad, Gabon, Ivory Coast, Mali, Mauritania, Niger, and Togo.
(Reporting by Ahmed Eljechtimi; Editing by Susan Fenton)
