Taqa Morocco stock reports higher profit despite lower sales
Published on 09/23/2026 at 17:55 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS
Taqa Morocco stock (ISIN MA0000012205) closed at MAD 1,760.00 on the Casablanca Stock Exchange on September 22, 2026, down 0.45 percent from the previous close. The company reported first-half 2026 group profit of MAD 462 million, up 5.8 percent from MAD 437 million a year earlier.
Profit rises as sales fall
The earnings mix is the central signal for Taqa Morocco. According to AlphaBourse, consolidated revenue declined 5.4 percent to MAD 5.088 billion in the six months ended June 30, 2026, from MAD 5.379 billion in the comparable period.
Profitability held up better than sales. EBITDA increased 0.7 percent to MAD 1.660 billion from MAD 1.648 billion, while consolidated net income rose 4.1 percent to MAD 601 million, according to the same first-half results report.
Investment accelerates sharply
Capital spending added a second dimension to the report. Taqa Morocco invested MAD 515 million in the first half of 2026, compared with MAD 210 million in the first half of 2025, a 145 percent increase.
The company also produced 6,684 GWh of electricity during the period, while net debt stood at MAD 4.621 billion, down 10.1 percent from June 30, 2025. The combination of lower revenue, higher investment and rising group profit points to a business absorbing planned maintenance and expanding its long-term energy platform.
Stock remains below yearly high
The September 22 closing price of MAD 1,760.00 was MAD 920.00 below the 52-week high of MAD 2,680.00 and MAD 160.00 above the 52-week low of MAD 1,600.00. Market capitalization stood at MAD 41.52 billion on the same date.
For investors, the key distinction is between activity and earnings: first-half revenue weakened, but EBITDA and group profit improved. The stock therefore combines a negative recent session with a quantified improvement in reported profitability.
Taqa Morocco market and company data
- Company: Taqa Morocco S.A.
- ISIN: MA0000012205
- Ticker: TQM
- Trading venue: Casablanca Stock Exchange
- Closing price (September 22, 2026): MAD 1,760.00
- Market capitalization: MAD 41.52 billion (as of September 22, 2026)
- 52-week range: MAD 1,600.00-2,680.00 (as of September 22, 2026)
- Sector / Industry: Utilities / Electric utilities and independent power producers
