OCP Group, a global leader in plant nutrition solutions and phosphate-based fertilizers, has once again demonstrated its dominance in the sector with stellar results for the third quarter of 2024. The company reported revenues of 69.046 billion dirhams as of September 30, reflecting a 13% year-over-year increase. EBITDA surged by an impressive 57%, resulting in a record-breaking EBITDA margin of 39%, the highest in the industry.
Under the leadership of Chairman and CEO Mostafa Terrab, OCP continues to leverage exceptional industrial flexibility and commercial agility. Strong global demand, particularly in Europe, Africa, and Asia, drove double-digit growth in fertilizer and phosphoric acid sales. Notably, exports of Triple Super Phosphate (TSP) soared by 54%.
While revenue from phosphate rock declined by 39%, OCP’s strategic focus on high-value-added products tailored to specific crop needs enabled the group to maintain its competitive edge. This approach underscores its pivotal role in fostering sustainable and efficient agriculture worldwide.
Mostafa Terrab expressed pride in the group’s achievements, stating: “These results showcase our leadership in developing and delivering innovative products, as well as our continuous efforts to optimize production and operational efficiency.”
OCP nearly doubled its investment expenditures to 29.788 billion dirhams compared to the previous year. These funds are being directed toward renewable energy projects and seawater desalination initiatives, reaffirming the group’s commitment to sustainable growth.
