Morocco’s state-owned phosphate company, Office Chérifien des Phosphates (OCP), reported strong financial results for the second quarter of 2025, with revenue hitting 30.57 billion dirhams (approximately €2.9 billion).
The company anticipates solid profits for the year, fueled by high fertilizer prices and rising demand from major agricultural nations like Brazil and Argentina.
In the first half of 2025, OCP’s revenue reached 52.17 billion dirhams (approximately €4.9 billion), a significant 21% increase compared to the same period in 2024. This growth was a result of higher sales volumes for phosphate rock and fertilizers, along with stable market prices.
The company invested 9.23 billion dirhams (about €870 million) in the second quarter to expand its production capacity, improve water management, and invest in renewable energy. These investments are aimed at making the company more resilient to market fluctuations.
Morocco’s overall phosphate exports climbed by nearly 21% to 55.18 billion dirhams (approximately €5.2 billion) in the first seven months of 2025. This increase was led by strong export performance in crude phosphate, fertilizers, and phosphoric acid.
As the holder of over 70% of the world’s known phosphate reserves, Morocco is a critical player in global food security. OCP supplies key markets around the world and also supports agricultural development across Africa. The company has recently ramped up its focus on sustainability, increasing its use of renewable energy and investing in seawater desalination to support its production.
MK/ac/fss/abj/APA