OCP Group Achieves Record Financial Performance in 2024, Continuing Green Investments Valued at 130 Billion Dirhams
A report by public institutions and enterprises accompanying the draft finance law for 2026 indicates that OCP Group maintained its strong performance throughout 2024, achieving impressive financial results with revenues reaching 96.989 million dirhams, an increase of 6% compared to 2023, marking the second-best performance in the group’s history.
The report stated that the group’s net profit significantly rose to 20.906 million dirhams, reflecting a 46% increase in just one year, underscoring the robustness of growth and the continuation of the expansion strategy pursued by the group on both industrial and investment levels.
The same source pointed out that investments made during 2024 amounted to 43.588 million dirhams, representing a substantial increase of 63% compared to the previous year. This is part of the implementation of the green investment program, which has a total cost of 130 billion dirhams. The total financing reached 79.894 million dirhams, indicating strong mobilization of financial resources allocated to strategic projects aimed at transitioning to a sustainable industrial model based on renewable energies and unconventional water sources.
The year 2024 witnessed significant achievements in several major projects, including the gradual commissioning of the seawater desalination plant at Jorf Lasfar, which will supply nearly 60 million cubic meters annually to southern Casablanca, alongside progress on the water pipeline between Jorf Lasfar and Khouribga to secure unconventional water resources.
Moreover, the group launched two new lines for producing sulfuric acids with a production capacity of 10,000 metric tons per day, while a new fertilizer production line came online with an annual capacity of one million tons, enhancing the group’s manufacturing capabilities and reinforcing its leadership in the global fertilizer market.
Regarding clean energy, the report highlighted significant progress in the implementation of the first phase of the solar energy project in Khouribga and Ben Guérir with a capacity of 202 megawatts, where the first green kilowatt was injected in September 2024. The completion rate of the phosphoric acid washing facility in Laayoune was about 88%, along with the finalization of the infrastructure for a new phosphate port set to be inaugurated in 2025.
In the first half of 2025, the group’s revenue increased by 21% compared to the same period in 2024, reaching 52.166 million dirhams, despite a 23% decrease in investment expenditures, which dropped to 15.162 million dirhams due to the completion of several major projects.
The report expects that OCP will achieve revenues of 105.333 million dirhams in 2025 and a net profit of around 18.427 million dirhams, a slight decline of 10% compared to 2024, attributed to an increase in financial costs of approximately 2 billion dirhams. Investment expenditures are anticipated to reach 53 billion dirhams to support structured projects and expand fertilizer production capacities.
The report confirms that OCP Group continues to implement its investment strategy for 2030 valued at a total of 130 billion dirhams, aiming to raise fertilizer production capacity from 12 to 20 million tons, achieve carbon neutrality, and meet all its water needs from unconventional sources by 2025, in addition to developing 5 gigawatts of clean energy and achieving a desalination capacity of 560 million cubic meters by 2027.
In conclusion, the report emphasizes that the strong financial performance of OCP, its substantial investments, and its major strategic projects reflect its steadfast commitment to a sustainable industrial model that supports the national economy and contributes to sustainable development while maintaining its leading position in the global phosphate and fertilizer market.
