OCP revenue rises 21% in H12025, driven by fertilizer exports
On the industrial front, the OCP Group continued to expand its fertilizer production capacity with the completion of new projects.
MOROCCO – OCP Group, Morocco’s leading fertilizer producer and exporter, recorded consolidated revenues of 52.16 billion dirhams (US$ 5.7 billion) in the first six months of 2025, marking a 21% increase compared to 43.24 billion dirhams (US$ 4.7 billion) posted during the same period in 2024.
According to financial statements published on the company’s website on September 25, this performance was fueled by stronger demand in India and Europe.
Additionally, rising global fertilizer prices, fueled by increasing sulfur costs and a supply-demand imbalance, contributed to the company’s strong financial performance. The average price of fertilizers on the international market rose from US$520 per tonne in the first half of 2024 to US$589 per tonne in the first half of 2025.
South America remained OCP’s leading export destination, accounting for 26% of revenue, followed by Europe (21%), India (19%), and Africa (18%). The remainder of sales came from other Asian markets, Oceania, and North America, reflecting OCP’s diversified global footprint and resilience against market fluctuations in any single region.
Expanding industrial capacity
On the industrial front, OCP Group has continued to bolster its production capabilities. In July 2025, its subsidiary Nutricrops commissioned a new triple superphosphate (TSP) production line at the Jorf Lasfar industrial platform, with an annual capacity of 500,000 tonnes.
Earlier, in March 2025, the company launched a phosphoric acid treatment unit capable of producing 1,500 tonnes of phosphorus pentoxide (P₂O₅) per day. These developments are expected to enhance fertilizer output in the second half of 2025, further strengthening OCP’s contribution to global food security and agricultural productivity.
Morocco is Africa’s largest fertilizer exporter and ranks fourth globally, behind Russia, China, and Canada. As the custodian of over 70 % of the world’s known phosphate rock reserves, the kingdom’s leverage in the phosphate-fertilizer value chain is unmatched. OCP, controlling the mining, processing, and export pipeline, is central to that influence.
Looking forward, with strong first-half results and new capacity coming onstream, the fertilizer giant is well positioned to maintain its growth trajectory in 2025. However, OCP remains exposed to global fertilizer price volatility, input cost fluctuations, and shifting trade policies in key markets.
For full-year 2024, OCP reported revenues of 96.9 billion dirhams (US$ 9.8 billion).
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