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TotalEnergies Marketing Maroc (TMA) investor relations material
TotalEnergies Marketing Maroc H2 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Sales volume reached 1,794 kt in 2025, up 1.3% year-over-year, driven by favorable market conditions and the opening of 6 new service stations, including one on a highway.
Major events included the launch of a new loyalty program, creation of Global Skyfuel Solutions (a JV for aviation logistics), and the opening of the first KFC restaurant in Agadir.
The company maintained double-digit growth in the CARGLASS activity.
Financial highlights
Standalone revenue was MAD 17,261 million in 2025, down from MAD 18,348 million in 2024.
Standalone operating income was MAD 1,264.6 million, compared to MAD 1,332.7 million in 2024.
Standalone net income reached MAD 802.6 million, down from MAD 844.6 million in 2024.
Consolidated revenue (IFRS) was MAD 15,127 million, down from MAD 16,752 million in 2024.
Consolidated net income (group share) was MAD 851.1 million, compared to MAD 934.2 million in 2024.
Total consolidated assets stood at MAD 8,258 million at year-end 2025.
Outlook and guidance
The company expects a challenging and volatile market environment in 2026, focusing on maintaining customer trust and cost control to preserve profitability.
- Net income and revenue declined year-over-year, but cash flow and liquidity remain strong.TMA
H1 202520 Oct 2025 - Strong H1 2024 results with net income up, robust cash flow, and ongoing tax audit.TMA
H1 202413 Jun 2025 - Net income soared to 845 million MAD, with strong sales and a major tax audit resolved.TMA
H2 20249 Jun 2025
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