OCP Group reports 17% revenue growth in 2025, reaches US$11.4B
Morocco’s state-owned phosphate producer posts strong 2025 results as demand recovers in key markets.
MOROCCO – OCP Group recorded a sharp rise in revenue in 2025 as demand for phosphate fertilizers improved in major importing countries.
The Moroccan fertilizer producer said revenue rose by 17% to MAD 114 billion (US$11.4 billion) in 2025, up from the previous year. The company linked the increase to better market conditions and stronger demand, especially from India, along with firm fertilizer prices.
In the fourth quarter alone, OCP generated more than MAD 29.5 billion (US$2.95 billion), a 6% increase compared to the same period last year.
“Our performance in 2025 reflects solid demand recovery in several key markets and sustained price levels for phosphate-based fertilizers,” the group said in a statement announcing its fourth-quarter results.
Demand recovery supports growth
OCP noted that some regions had built up stocks earlier in the year, which led to more moderate demand later on. Despite this trend, the company maintained growth and stable sales.
The group continued to expand its production capacity during the year. It invested more than MAD 9.1 billion (US$910 million) in capital expenditure in the fourth quarter of 2025 alone.
“We continued to implement our development program, focusing on expanding capacity and advancing major industrial projects,” the company stated.
Founded in 1920, OCP ranks among the world’s largest producers and exporters of phosphate and phosphate-based fertilizers. Morocco holds some of the largest phosphate reserves globally, and OCP manages most of the country’s production.
The company operates mining sites in Khouribga, Gantour, and Laayoune, and runs chemical processing plants in Jorf Lasfar and Safi, where it converts phosphate rock into phosphoric acid and fertilizers.
Focus on Africa and green energy
Africa remains a key market for OCP. The group has invested in fertilizer blending plants across the continent and works with farmers to supply products suited to local soil and crop needs.
In recent years, OCP has also increased investment in renewable energy and water desalination. The company plans to power more of its operations with renewable sources and use desalinated water in its industrial processes.
“We aim to strengthen our industrial flexibility and improve cost efficiency while supporting sustainable agriculture,” the statement said.
Through its subsidiaries and international partnerships, OCP continues to expand its presence in global markets while focusing on long-term sustainability.
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