Deep dive analysis, earnings reports, and strategic outlooks for the Casablanca Stock Exchange.
Maroc Telecom (IAM) reported consolidated revenues of MAD 27.28 billion for the first nine months of 2025, a 1.2% increase at constant exchange rates, fueled by strong 5.7% growth from its Moov Africa subsidiaries. Group EBITDA remained resilient at MAD 13.70 billion (50.2% margin), despite fiscal and regulatory pressures in international markets and revenue decline in Morocco. The Group significantly accelerated investments (+36% excluding licenses) to prepare for the imminent launch of 5G in Morocco. Reported Net Income Group Share benefited substantially from litigation settlements, reaching MAD 5.52 billion.