Marsa Maroc, the main port operator in Morocco, has announced an investment program of 21 billion dirhams (2.1 billion dollars) for the period 2025-2030, with the aim of consolidating its position as the leading port operator in the region. The announcement came after the company's board meeting held on March 17 to approve the financial results for the fiscal year 2025, which reflect a year of strong business growth and a significant improvement in profitability.
Consolidated revenues reached 5.785 billion dirhams (578.5 million dollars), 16% more than the 5.008 billion in the previous year, driven by increased volumes handled in the group's ports and the expansion of its logistics service offerings. EBITDA stood at 3.192 billion dirhams (319.2 million dollars), with a 22% increase, and the net profit attributed to the group reached 1.589 billion dirhams (158.9 million dollars), 25% more than in 2024.
On the operational front, total cargo traffic exceeded 67 million tons, 6% more than the previous year and the highest volume in the company's history. Container movement surpassed three million TEUs for the first time, positioning Marsa Maroc as the fourth largest container operator in Africa. Solid bulk and general cargo reached 22 million tons, with a 4% growth, and liquid bulk increased by 5% to 11 million tons. Handling of new vehicles jumped 50% to 154,000 units, and ro-ro traffic exceeded 27,000 units, 11% more.
Of the total 21 billion dirhams planned for the period 2025-2030, the company committed 2.4 billion (240 million dollars) just in 2025. The program is financed through debt, cash generation, and contributions from partners in joint projects. In parallel, Marsa Maroc launched in 2025 an additional program of 4.4 billion dirhams (440 million dollars) aimed at modernization and expansion of port capacities in Casablanca and Jorf Lasfar.
In the strategic field, Marsa Maroc formalized alliances during 2025 with Terminal Investment Limited (TIL) and CMA CGM for the operation of the East and West container terminals, respectively, of the new port of Nador West Med. A separate consortium with Boluda Towage will provide towage and port assistance services at the same complex. Once the pending procedures are completed, the subsidiary Marsa Maroc International Logistics (MMIL) will control 45% of Boluda Maritime Terminals, which will expand the group's presence to 34 terminals in 20 ports.
The company's financial position is solid, with a negative net debt of 753 million dirhams, backed by available liquidity of 2.12 billion against financial debt of 1.367 billion. The board will propose a dividend of 11 dirhams per share for 2025, 16% more than the previous year. Marsa Maroc's share price increased by 77% during the fiscal year, raising its market capitalization to nearly 70 billion dirhams (7 billion dollars) and placing it in the fourth position on the Casablanca stock market.
For 2026, the group will focus on the operational startup of the East container terminal and towage services in Nador West Med, while continuing to explore opportunities for international expansion.