Morocco’s state-controlled phosphate giant OCP Group has said it has not yet taken any decision on a dividend for the 2026 financial year, following a first-half net loss driven largely by soaring sulfur costs.
Reuters cited a company response following reports by leDesk saying OCP may skip distributing dividends for this financial year after first half losses.
The group posted a net loss attributable to the parent of 2.837 billion dirhams in the first six months of 2026, reversing a profit of 8.252 billion dirhams in the same period a year earlier.
Revenue fell 7.3% to 48.37 billion dirhams, while EBITDA dropped 28.5% to 13.31 billion dirhams.
OCP attributed the losses primarily to a sharp rise in sulfur prices, which roughly tripled after the closure of the Strait of Hormuz, a key export route for the essential fertilizer input. Weaker global demand and higher raw-material costs further weighed on results.
“No decision has been taken at this stage regarding the 2026 dividend,” OCP said, adding that any announcement would only come after full-year accounts are finalized and the relevant governance bodies have met.
