The OCP Group is on track to surpass 53 billion dirhams in investments by the end of 2025, driven by a wave of major industrial initiatives. This figure is outlined in the latest report on state-owned enterprises, published alongside Morocco’s draft 2026 finance bill.
At the heart of this surge is the company’s long-term 2030 roadmap—a 130-billion-dirham investment strategy aimed at transforming its industrial operations, reducing its environmental footprint, and overhauling its energy model. The plan represents one of the most ambitious transitions ever undertaken by a Moroccan company.
A central pillar of this strategy is the expansion of fertilizer production, with output expected to climb from 12 million to 20 million tons. But the vision extends far beyond output targets. By 2025, the group aims to meet 100% of its water needs through non-traditional sources, including desalination and wastewater reuse. By 2027, OCP also plans to develop 5 gigawatts of renewable energy and build up to 560 million cubic meters in desalination capacity—key milestones on the path to achieving carbon neutrality.
Financially, the first half of 2025 has shown strong top-line growth. OCP reported 52.16 billion dirhams in revenue—up 21% compared to the same period last year. However, capital expenditures for the same period dropped to 15.16 billion dirhams, marking a 23% decline in investment spending.
Looking ahead, OCP projects full-year revenues to reach 105.33 billion dirhams, representing a 9% year-over-year increase. Net income, however, is expected to fall to 18.43 billion dirhams—a 10% drop—largely due to rising financial costs, which shaved 2 billion dirhams off the company’s overall earnings.
