OCP Group accelerated its industrial expansion in 2024 to meet rising global fertilizer demand. The Jorf Lasfar chemical complex commissioned two new sulfuric acid lines and a fertilizer production unit, adding one million tons of DAP capacity. The TSP Hub project, targeting one million tons, is on track for 2025. The Mzinda-Safi corridor project made significant progress, aiming for an annual capacity of 15 million tons of phosphate rock.
Alongside this expansion, OCP achieved strong financial performance. Revenue reached MAD 96.9 billion, up from MAD 91.2 billion in 2023. EBITDA rose to MAD 39.1 billion, with a 40% margin. Growth was driven by increased export volumes, particularly to Europe, North America, and India. Fertilizers accounted for 69% of total revenue, compared to 66% in 2023. Triple Super Phosphate exports surged 48%, fueled by strong demand from India and Brazil.
Investment reached MAD 43.6 billion, up from MAD 26.8 billion in 2023. OCP desalinated 63 million cubic meters of water to sustain operations and launched the first phase of its solar energy program, now supplying green power to its production sites. The company also raised $300 million in February 2025 through a bond tap issue, following a $2 billion Eurobond issuance in May 2024. In December, it issued MAD 5 billion in domestic bonds to fund expansion.
Through strategic investments and industrial agility, OCP strengthens its leadership while driving sustainable agriculture forward.
