Morocco’s state-owned phosphate giant, OCP Group, is set to close 2025 with investments totaling 53 billion dirhams – as part of an already announced 13 billion-dollar investment plan by 2030- driven by major projects including the expansion of fertilizer production capacity, according to a government report attached to the 2026 draft finance bill.
Published by the Ministry of Economy and Finance, the report outlines OCP’s long-term investment strategy which seeks to transform the group’s industrial, energy, and environmental model in a sustainable manner.
Key targets of the strategy include increasing fertilizer production capacity from 12 to 20 million tonnes, achieving carbon neutrality, and meeting 100% of the group’s water needs from non-conventional sources by 2025. By 2027, OCP also aims to develop 5 gigawatts of clean energy and reach a desalination capacity of 560 million cubic meters.
As of June 2025, OCP’s revenue stood at 52.16 billion dirhams, marking a 21% increase compared to the same period in 2024. However, investment spending dropped by 23% to 15.16 billion dirhams.
For the full year 2025, the group expects to post revenues of 105.33 billion dirhams, up 9% year-on-year. Net profit is projected to reach 18.43 billion dirhams, down 10% from 2024, due to a 2 billion dirham decline in financial results linked to rising financing costs.
These figures reflect OCP’s continued role as a cornerstone of Morocco’s industrial and export strategy, while also highlighting the financial pressures accompanying its ambitious transformation agenda.
