Marsa Maroc has kicked off 2026 on a solid note, bringing in more money while handling more cargo across its ports.
The company made over 1.43 billion dirhams in revenue in the first three months of the year. That is a 12.1% increase compared with the same period in 2025.
During that time, it handled 16.3 million tonnes of cargo, up 4% year on year.
Revenue grew faster than traffic because the group earned more from services like storage and cargo handling. These services usually bring in better margins than basic port activity. Domestic trade also helped, as local imports and exports tend to generate more income per container than transshipment.
Marsa Maroc also ramped up spending. It invested nearly 2.5 billion dirhams in the first quarter, mainly to build infrastructure and buy equipment for new terminals at Nador West Med. This new port is expected to start operating in the last quarter of 2026.
The company’s finances remain strong. By the end of March, it had more cash than debt, with a negative net debt of 945 million dirhams. It held 2.554 billion dirhams in cash and had 1.609 billion dirhams in financing debt. This gives it room to keep investing without putting pressure on its finances.
Container activity showed mixed results. Domestic container traffic rose by 8% to 319,311 TEU. Transshipment traffic dropped by 8% to 389,814 TEU. This was a deliberate move, as the company reduced transshipment at the Port of Casablanca to focus on local trade, which brings in more value.
Bulk cargo grew steadily. Liquid bulk increased by 13% and solid bulk rose by 6%. This was driven by higher imports of cereals and animal feed, along with stable demand from industry and the energy sector.
Vehicle-related activity also picked up. Roll-on roll-off traffic jumped 17% in the first quarter, while new vehicle volumes increased by 11%. This reflects Morocco’s growing role as a car and truck manufacturing hub.
To support this growth, Marsa Maroc upgraded its facilities in Casablanca. It deepened 230 metres of quay to 12 metres, allowing larger ships carrying up to 60,000 tonnes to dock.
A big part of its current investment is tied to Nador West Med. Marsa Maroc has partnered with Terminal Investment Limited to run the East Container Terminal, where it keeps a majority stake. The terminal will have a quay of 1,520 metres and a long-term capacity of 3.4 million TEU.
This strong start to 2026 follows a record year in 2025. The company made 5.8 billion dirhams in revenue, up 16%, and handled more than 3 million TEU for the first time. Net profit reached 1.6 billion dirhams, helping build the cash reserves it is using today.
Looking ahead, Marsa Maroc plans to expand beyond Morocco. It is aiming to win port and logistics projects in sub-Saharan Africa by 2030.
