Latest financial news

| MAROC | MAROC TELECOM | A reported NIGS of MAD 5.5 Bn at the end of September 2025

As of the first nine months of 2025, reported a rise in reported NIGS, reaching MAD 5.523 billion, compared to MAD 318 million during the same period in 2024 — an increase of MAD 5.205 billion.

Consolidated revenue stood at MAD 27.277 billion, down slightly by 0.7% from MAD 27.461 billion at the end of September 2024.

Adjusted EBITDA declined by 3.7%, from MAD 14.225 billion to MAD 13.699 billion, leading to a contraction in EBITDA margin by 1.6 points to 50.2%, versus 51.8% a year earlier.

Adjusted NIGS came in at MAD 4.433 billion, down 1.4% from MAD 4.495 billion in 2024, with net margin remaining nearly stable at 16.3%, compared to 16.4% previously.

Economic news

| CÔTE D’IVOIRE | INFLATION | An inflation rate of -0.2% in September 2025

According to (Anstat), the Harmonized Consumer Prices Index fell by 0.5% in September 2025 compared to the previous month. On an annual basis, the inflation rate stood at -0.2%.

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