At a glance
Compagnie de Transports au Maroc (CTM) connects Moroccan cities by coach and carries parcels. It has diversified into urban bus transport and maritime transport.
History
CTM was founded on 30 November 1919, making it one of the country’s oldest transport companies. After independence it came under state ownership. It was privatised and listed in 1993, and celebrated its centenary in 2019.
Latest published results
In the first half of 2026, consolidated revenue rose 22.2% to MAD 927 million, thanks to the integration of urban bus networks in Tangier and Fès. Higher fuel prices, however, pushed consolidated EBITDA to MAD -39 million. Net income attributable to the group was a loss of MAD 13 million, versus a profit of MAD 12 million a year earlier.
What to watch
Improving profitability in urban operations and fuel prices.
Key dates
- 1919
Company founded on 30 November.
- 1993
Privatisation and listing on the Casablanca Stock Exchange.
- 2026
ISSAL Tanger and ISSAL Fès urban networks integrated; urban transport contracts in Tétouan and with Transdev Maroc.
Sources: Boursenews, CTM : résultats du premier semestre 2026, October 1, 2026; African Markets, fiche société CTM, October 29, 2026; Wikipedia, Compagnie de Transports au Maroc, October 29, 2026; Finances News, CTM célèbre son centenaire et lance un nouveau service régional, April 19, 2019.
Profile updated on October 29, 2026.