Maroc Telecom (CAS:IAM) Pre-Tax Income: MAD12,530 Mil (TTM As of Dec. 2025)

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CAS:IAM Maroc Telecom SA CAS:IAM
68 GF Score
Price MAD98.00
GF Value MAD101.15
Valuation Fairly Valued
! 5 Warning Signs
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What is Maroc Telecom Pre-Tax Income?

Maroc Telecom CAS:IAM -0.52% 68 Pre-Tax Income is MAD12,530 Mil as of Dec. 2025. GuruFocus rates CAS:IAM with a GF Score™ of 68/100 and a GF Value™ of MAD101.15 (Fairly Valued). The stock has 5 warning signs investors should review.

Pretax income is the income that a company earns before paying income taxes. Maroc Telecom's pretax income for the six months ended in Dec. 2025 was MAD5,230 Mil. Its pretax income for the trailing twelve months (TTM) ended in Dec. 2025 was MAD12,530 Mil. Maroc Telecom's pretax margin was 26.41%.

During the past 13 years, Maroc Telecom's highest Pretax Margin was 33.11%. The lowest was 13.08%. And the median was 26.82%.


Maroc Telecom  (CAS:IAM) Pre-Tax Income Explanation

Maroc Telecom's Pretax Margin for the quarter that ended in Dec. 2025 is calculated as

Pretax Margin=Pretax Income/Revenue
=5230/19801
=26.41%

During the past 13 years, Maroc Telecom's highest Pretax Margin was 33.11%. The lowest was 13.08%. And the median was 26.82%.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Maroc Telecom Pre-Tax Income Related Terms


Maroc Telecom Pre-Tax Income Historical Data

* Premium members only.

The historical data trend for Maroc Telecom's Pre-Tax Income can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Maroc Telecom Pre-Tax Income Chart

Maroc Telecom Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Pre-Tax Income
Get a 7-Day Free Trial Premium Member Only Premium Member Only 10,611.00 8,245.00 9,998.00 4,951.00 12,530.00

Maroc Telecom Semi-Annual Data
Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
Pre-Tax Income Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 4,506.00 -534.00 5,485.00 7,300.00 5,230.00

CAS:IAM vs VZ, TMUS, T: Pre-Tax Income Comparison

For the Telecom Services subindustry, Maroc Telecom's Pre-Tax Income, along with its competitors' market caps and Pre-Tax Income data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Maroc Telecom Pre-Tax Income vs Telecommunication Services Industry

For the Telecommunication Services industry and Communication Services sector, Maroc Telecom's Pre-Tax Income distribution charts can be found below:

* The bar in red indicates where Maroc Telecom's Pre-Tax Income falls into.


CAS:IAM
68GF Score
Maroc Telecom SA CAS:IAM
Pre-Tax Income is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Maroc Telecom Pre-Tax Income Calculation

This is the income that a company earns before paying income taxes.

Maroc Telecom's Pretax Income for the fiscal year that ended in Dec. 2025 is calculated as

Pretax Income=Operating Income+Non Operating Income+Interest Expense+Interest Income+Other
=15090+0+-1053+65+-1572
=12,530

Maroc Telecom's Pretax Income for the quarter that ended in Dec. 2025 is calculated as

Pretax Income=Operating Income+Non Operating Income+Interest Expense+Interest Income+Other
=7263+0+-502+36+-1567
=5,230

Pre-Tax Income for the trailing twelve months (TTM) ended in Dec. 2025 adds up the semi-annually data reported by the company within the most recent 12 months, which was MAD12,530 Mil.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Frequently Asked Questions Learn more about Pre-Tax Income →
What does a Pre-Tax Income of MAD12,530 Mil mean?
Maroc Telecom (CAS:IAM) has a Pre-Tax Income of MAD12,530 Mil as of Dec. 2025. Pre-Tax Income is the total earnings before taxes but after all operating and interest expenses. View historical data on Maroc Telecom and its competitors.
Is Maroc Telecom's Pre-Tax Income too high?
Maroc Telecom's current Pre-Tax Income is MAD12,530 Mil. Overall, Maroc Telecom has a GF Score™ of 68/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Maroc Telecom's Pre-Tax Income compare to VZ and TMUS?
Maroc Telecom's Pre-Tax Income of MAD12,530 Mil can be compared against companies in the Telecommunication Services industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Pre-Tax Income for a Telecommunication Services company?
A good Pre-Tax Income depends on the Telecommunication Services industry context. However, Pre-Tax Income should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Pre-Tax Income mean?
A high Pre-Tax Income can signal that a stock is expensive relative to its fundamentals. Pre-Tax Income is the total earnings before taxes but after all operating and interest expenses. View historical data on Maroc Telecom and its competitors. Maroc Telecom's current Pre-Tax Income is MAD12,530 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Maroc Telecom stock overvalued right now?
Based on GuruFocus' analysis, Maroc Telecom (CAS:IAM) is currently considered Fairly Valued. The stock's GF Value™ is MAD101.15, compared to a current price of MAD98.00 — trading 3.1% below its estimated fair value. The current Pre-Tax Income is MAD12,530 Mil. Maroc Telecom's overall GF Score™ is 68/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Pre-Tax Income calculated?
Pre-Tax Income is calculated from a company's financial statements. For Maroc Telecom (CAS:IAM), the current Pre-Tax Income is MAD12,530 Mil as of Dec. 2025. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Maroc Telecom (CAS:IAM) Overvalued in 2026?

Based on GuruFocus' analysis, Maroc Telecom stock appears to be undervalued. The current stock price of MAD98.00 is trading 3.1% below its estimated GF Value™ of MAD101.15. GuruFocus considers Maroc Telecom to be Fairly Valued.

Key valuation signals for CAS:IAM:

  • Pre-Tax Income: MAD12,530 Mil
  • GF Value™: MAD101.15 vs. price of MAD98.00 (3.1% below fair value)
  • GF Score™: 68/100 with 5 warning signs

No single metric tells the full story. See the CAS:IAM stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Maroc Telecom Business Description

Other Exchanges IAM:FranceMSPA:Germany
Address Avenue Annakhil, Hay Riad, Rabat, MAR
Maroc Telecom SA telecommunications operator in the Kingdom of Morocco. The company provides a wide range of services covering Fixed-Line and Mobile communications, data transfer, and other value-added services. It operates in the Fixed-Line telephony, Mobile telephony and Internet segments. The Fixed-Line and Mobile operating segments are combined within the Services Division (DGS) and the Networks and Systems Division. The company derives majority revenues from Morocco.
68GF Score

Get the complete analysis for CAS:IAM

Pre-Tax Income is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

MAD98.00
Price
MAD101.15
GF Value