OCP Group Records Record Revenues and Continues Its Massive Investments Despite Debt
OCP Group, a cornerstone of the Moroccan economy and the largest public company contributing to the national budget, has reported record revenues and operational efficiency, surpassing MAD 97 billion in turnover with strong profit margins, despite a similar debt level reaching approximately MAD 97 billion and ongoing borrowing in international markets.
The strength of OCP is supported by Morocco’s vast phosphate reserves, estimated at over 50 billion tons, which constitutes 68% of the global reserve, granting the kingdom strategic sovereignty over this vital resource and confirming its role in global food security.
Financial results for the third quarter of 2025 revealed an increase in turnover to MAD 84.364 billion compared to MAD 69.046 billion in the same period last year, driven by a resurgence in phosphate rock exports and improved global demand for fertilizers. Gross profit margins also increased, reaching MAD 53.632 billion, with earnings before interest, taxes, depreciation, and amortization (EBITDA) amounting to around MAD 31.067 billion, achieving a margin of 37%.
Despite considerable profits, the group’s debt reached approximately MAD 97 billion, continuing to issue international bonds to cover massive investments, which reached MAD 24.914 billion as of September 2025. These investments include projects for energy and water transformation, such as seawater desalination plants and solar and wind energy sources, along with the production of green ammonia and the use of hydrogen technologies to ensure operational cost reductions and protect profit margins from fluctuations in the global market.
OCP has also expanded its research and development efforts through Mohammed VI Polytechnic University, focusing on precision agriculture and battery technologies, aiming to innovate smart solutions to enhance soil quality and increase agricultural yields, while exploring the use of phosphate in electric vehicle battery manufacturing as part of its strategy to diversify its investment portfolio and enhance the sustainability of the phosphate industry.
