OCP Group announced robust financial results for the second quarter and the first half of 2025 on September 26, driven by increased export volumes and favorable market conditions. The phosphate and fertilizer producer delivered double-digit volume growth during the quarter. The Casablanca-based company reported first-half revenues of MAD 52.166 billion ($5.45 billion), representing a significant increase from MAD 43.248 billion ($4.32 billion) in the same period last year. Gross profit reached MAD 33.345 billion ($3.48 billion), compared to MAD 28.131 billion ($2.81 billion) in 2024. EBITDA (earnings before interest, taxes, depreciation, and amortization) reached MAD 18.612 billion ($1.94 billion), up from MAD 16.319 billion ($1.63 billion) in 2024, maintaining a margin of 36%. Second-quarter performance was particularly strong, with revenues climbing to MAD 30.572 billion ($3.27 billion) compared to MAD 23.660 billion ($2.36 billion) in Q2 2024. Product segments showed mixed results. Phosphate rock revenues surged 125% year-over-year, while fertilizer revenues increased by 16%. However, phosphoric acid revenues declined by 14% due to lower sales volumes. The Strategic Business Unit Specialty Products & Solutions delivered strong performance with export revenues of MAD 3.767 billion ($393 million). Global demand remained strong, particularly from Europe, India, and Brazil, with India becoming the largest buyer of TSP. Conversely, U.S. demand declined due to government policies affecting imports. OCP completed a 17.6 billion dirhams ($1.75 billion) bond issuance in April 2025 and commissioned its first TSP Hub production line in July 2025, with a second line scheduled for March 2026. The company also acquired an additional 25% stake in Spain-based GlobalFeed S.L. in February 2025.
