Maroc Telecom, the leading telecommunications operator in Morocco, reported a 5.4% increase in consolidated revenue for the first half of 2026, reaching MAD 18.2 billion, according to the company's financial results published on July 22, 2026. The growth was primarily driven by strong performance in mobile data services and fixed broadband subscriptions.
The operator's mobile customer base grew by 3.2% year-on-year to 78 million subscribers across its operations in Morocco and subsidiaries in sub-Saharan Africa. Mobile data revenue increased by 8.1%, reflecting higher smartphone penetration and data usage. Fixed broadband revenue rose 6.5%, supported by fiber-to-the-home (FTTH) expansion.
In Morocco, the company's domestic revenue grew 4.1% to MAD 8.9 billion, while international operations contributed MAD 9.3 billion, up 6.8%. EBITDA increased by 4.2% to MAD 9.5 billion, with an EBITDA margin of 52.2%. Net income rose 3.9% to MAD 4.1 billion.
The results exceeded analyst expectations, with consensus estimates predicting revenue growth of around 4.8%. Maroc Telecom's CEO, Abdeslam Ahizoune, stated: 'Our first-half performance reflects the success of our digital transformation strategy and investment in network infrastructure.' The company confirmed its full-year guidance for moderate revenue growth and stable margins.
