Financial Performance Overview
By the end of 2025, TAQA Morocco reported a consolidated revenue of MAD 10.638 billion, a decline from MAD 10.878 billion in 2024. This decrease is primarily attributed to the minor revision of Unit 6, fluctuations in energy costs related to international coal price trends, and the adverse effects of the USD/MAD exchange rate.
Fourth Quarter Results
In the fourth quarter of 2025, the company's consolidated revenue reached MAD 2.680 billion, down from MAD 2.744 billion in the same period of 2024.
Investment Activities
During 2025, TAQA Morocco invested MAD 265 million, primarily for the acquisition of TAQA Morocco Wind Corporation (TMWC), the minor revision of Unit 6, and various projects related to the operation and maintenance of its units.
Debt and Financial Position
As of the end of 2025, the Group's net debt stood at MAD 5.293 billion, a reduction from MAD 5.582 billion, reflecting debt repayments made during the period and changes in cash flow.
Future Outlook
TAQA Morocco remains committed to executing its diversification strategy, which aims to develop a portfolio of low-carbon activities by 2030. This includes investments in renewable and flexible capacities, seawater desalination, and infrastructure for water and energy transport.
