Morocco's OCP Group reports $2.18 billion in Q1 2025 revenues
Morocco’s OCP Group has announced that its revenues reached $2.18 billion in the first quarter of 2025, an increase from $1.95 billion recorded during the same period last year.
In a recent statement, the group detailed that its gross profit rose to $1.5 billion, up from $1.27 billion. Meanwhile, its earnings before interest, taxes, depreciation, and amortization (EBITDA) remained robust at $756 million compared to $768 million, highlighting a strong EBITDA margin of 35%.
The group attributed this impressive performance to a significant increase in global fertilizer demand, which has shown resilience over recent months. This trend is particularly evident in Europe, alongside increased imports from African nations such as Ethiopia. Additional demand has also emerged from regions like Oceania and Brazil.
OCP explained that general demand for phosphate continues to be strong, supported by recovering markets. The company noted that low global inventory levels indicate sustained demand into the second quarter. India, in particular, remains a key driver of global demand, which will further support purchasing activities.
In response to this growing demand, OCP is committed to enhancing its production capabilities and adapting its commercial strategies to improve conditions for meeting market needs. The first quarter of this year marked a strong start for the group, propelled by higher rock volumes alongside increased demand for both fertilizers and phosphoric acid.
Despite rising input costs, including sulfur, OCP reported growth in its gross profit. The group’s expenditures in the first quarter totaled $599 million, a significant reduction compared to $927 million during the same period last year.
Among OCP's notable achievements is the completion of a $1.75 billion bond issuance on international markets, conducted in two tranches of $750 million and $1 billion, with maturities of five and ten years, respectively. This bond, which was oversubscribed by more than four times, reflects strong international investor confidence in OCP’s financial stability and long-term growth strategy.
As one of the largest players in the fertilizer sector, OCP's overarching strategy emphasizes African development, aiming to foster a sustainable agricultural revolution that enhances food security across the continent.
