Maroc Telecom has announced robust financial and operational results for the 2024 fiscal year, demonstrating resilience amidst a competitive landscape. The company reported a slight uptick in revenue alongside effective cost management. According to the latest figures, the group's consolidated revenue reached 36.7 billion dirhams, marking a 1.2% increase from 2023. This growth was driven by the impressive performance of Moov Africa subsidiaries, which saw a 4.6% rise, and a 9.2% increase in fixed data services in Morocco. The adjusted EBITDA stood at 19.2 billion dirhams, reflecting a modest increase of 0.3%, with the company maintaining a high margin of 52.3%. Maroc Telecom continues to prioritize substantial investment, with expenditures amounting to 20.8% of revenue, aligning with its strategic goals. A notable development is the signing of a new investment agreement with the Moroccan government, committing 10 billion dirhams over three years to enhance telecommunications infrastructure. The group has also announced plans to distribute 1.26 billion dirhams in dividends, translating to 1.43 dirhams per share. Looking ahead to 2025, Maroc Telecom forecasts slight revenue growth and sustained high profitability. The company is set to advance its digital transformation and integrate artificial intelligence into its services, underscoring its commitment to innovation and development.
