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Casablanca Stock Exchange

Last update 19 Jun 2026

TAQA MOROCCO · TQM.CS

Morocco · Utilities · Independent Power and Renewable Electricity Producers · MAD

Price history

TAQA Morocco is an independent power producer operating the Jorf Lasfar power complex near El Jadida. The company's activities are centered on electricity generation, coal-fired power production units and related infrastructure, including a coal terminal that supports fuel supply for power generation. It operates within Morocco's regulated energy system and serves demand for reliable baseload electricity. Its business model depends on generation capacity, plant availability, power purchase arrangements, fuel logistics, operating efficiency, maintenance and Morocco's electricity demand. Key business drivers include customer demand, pricing discipline, operating efficiency, distribution reach and access to financing.

Fundamentals

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Metric  (MAD, B) 2025 2024 2023 2022 2021
Revenue Total Revenue 11
EBITDA 3
EBIT 2
Net income Net Income 1
Operating margin 21%
Net margin 8%