CMGP Group is entering 2025 on a high note after a standout year marked by strong growth, rising profits, and strategic expansion across its industrial and international operations. The company posted a consolidated revenue of 2.33 billion dirhams in 2024, reflecting a 12.2% increase from the previous year. This momentum underscores the strength of CMGP’s integrated business model and its commitment to driving sustainable agricultural transformation across Africa.
At the heart of this performance is the Retail division, which continues to lead the charge in distribution. The unit generated 1.8 billion dirhams in revenue, up 10% from 2023. The growth was fueled by surging demand for crop protection products, the ramp-up of a new fertilizer plant in Jorf Lasfar, increased interest in solar-powered equipment, and the successful rollout of a new agricultural machinery line.
Meanwhile, the Project Business Unit, which focuses on irrigation and water solutions, saw a remarkable 22% jump in revenue, hitting 308 million dirhams. This surge was driven by large-scale infrastructure projects in regions such as Saïss, Doukkala, and Souss Massa, along with growing demand for water treatment systems from industrial clients.
On the industrial side, CMGP also posted solid gains. The Industry Business Unit recorded an 8% rise in revenue, totaling 540 million dirhams. Fertilizer production alone soared by 29%, reaching 45,000 tons. The company also expanded its output of irrigation pipes and channels by over 10%, producing 14,400 tons.
International operations were another major highlight. Export revenues nearly doubled, climbing 91% to reach 71 million dirhams. This leap was powered by the consolidation of the Group’s Senegalese subsidiary, new operations launched in Ghana and Mauritania, and the execution of major irrigation projects across the African continent.
These multi-pronged achievements translated into significant financial gains. EBITDA rose by 17.3%, reaching 375 million dirhams. Net income saw an even sharper increase, surging 49.1% to 183 million dirhams, a direct result of improved margins and disciplined cost control.
On the financial front, CMGP strengthened its balance sheet considerably. Following its stock market debut and a capital raise of 300 million dirhams, the company optimized cash flow management and dramatically reduced its debt load. With a gearing ratio of just 6%, CMGP now has a solid financial foundation to support its next phase of expansion.
In line with its value-creation strategy, CMGP plans to propose a dividend payout of 6.3 dirhams per share at its upcoming General Meeting—an expression of confidence in its performance and long-term outlook.
