Orange Côte d'Ivoire posts a solid 2026 first half, with revenue up 16,1 % to 672,8 billion FCFA. Driven by data, fiber, and Orange Money across the group's three countries, this momentum is accompanied by a steady increase in net income.
Between investments and a surge of more than 50 % in the share price since January, the operator confirms its attractiveness, both operationally and in the stock market. Three countries, three growth drivers The consolidated revenue gains 93 billion FCFA in one year.
In Côte d'Ivoire, growth is supported by mobile data, fiber, and voice traffic. In Burkina Faso, Orange Money and the fiber acceleration plan take over.
In Liberia, the restructuring of data and voice offerings following the implementation of a floor price, as well as the recruitment of Orange Money subscribers, support business activity. The customer base grew from 37,4 to 40,4 million lines, an increase of 8,1 % lower than revenue growth, which also suggests an increase in revenue per line.
Profitability keeping pace EBITDAaL reached 239,3 billion FCFA, up 19,2 %. Its margin gained nearly one point to 35,6 %, despite the increase in commercial and tax expenses accompanying growth, as noted by the group.
Operating income rose by 21,1 % and net income by 18,3 %, to 90,3 billion FCFA. Investment concentrated at the start of the year eCapex came to 133,9 billion FCFA, up 22,5 %.
It represents approximately 20 % of revenue, a level comparable to that of the two previous first halves, with the effort traditionally concentrated at the beginning of the fiscal year. For all of 2025, the group invested 184 billion FCFA, or 15,4 % of its revenue, primarily to expand and modernize its networks.
This effort resulted in 1 073 new sites, of which 70 % are in rural areas, and nearly 494 000 households connected to fiber, an increase of 59,9 %. Stock market performance The ORAC share closed at 21 990 FCFA on October 8 and has gained 54,3 % since January 1st and more than 100 % over three years, positioning itself 6 % below its annual high of 23 430 FCFA.
The trend remains solidly bullish and the underlying structure remains favorable, with the price above the 20, 50 and 200-session moving averages. However, the stock is trading in an intermediate zone following its recent rise, without any clear intraday acceleration.
Momentum remains constructive, but the rise still lacks volume support, which is well below the recent average. As long as 23 430 is not breached, the market may remain trapped in a consolidation between 21 400 and 23 430.
Marcode JEAN-YAYAKA Published on 09/10/26 10:36 The Editorial Staff
