• OCP revenue up 21% to $5.7B in H1 2025
• Growth driven by strong demand, rising global fertilizer prices
• New production lines to boost output in second half of 2025

Morocco’s OCP Group, a major global player in phosphate rock and plant nutrition solutions, recorded consolidated revenue of 52.16 billion dirhams ($5.7 billion) for the first half of 2025.

The financial results, published on the company’s website on Sept. 25, reflect a 21 percent increase from the 43.24 billion dirhams ($4.7 billion) generated during the same period last year.

The strong performance was primarily driven by robust fertilizer demand in the Indian market and sustained export growth to Europe. Additionally, rising fertilizer export prices contributed significantly, propelled by an increase in sulfur costs and global demand that exceeded available supply, pushing prices higher throughout 2025.

"The price of fertilizers on the international market rose from $520/T in the first half of 2024 to $589/T in the first half of 2025," the document noted.

By region, South America was the top destination for OCP’s fertilizer shipments, accounting for 26 percent of revenue, followed by Europe (21 percent), India (19 percent), and Africa (18 percent). The remaining sales were realized in other Asian countries, Oceania, and North America.

Industrial Expansion Continues

OCP is confident in promising prospects for the remainder of the fiscal year, having continued to expand its fertilizer production capabilities.

In July, OCP subsidiary Nutricrops commissioned a new triple superphosphate (TSP) production line at the Jorf Lasfar industrial platform with an annual capacity of 500,000 tonnes. A month earlier, in March 2025, the company commissioned a new phosphoric acid treatment unit with a capacity of 1,500 tonnes of phosphorous pentoxide (P2​O5​) per day.

These initiatives are expected to increase fertilizer production in the second half of the fiscal year and further boost the company’s sales. For the full year 2024, OCP had reported total revenues of 96.9 billion dirhams ($9.8 billion).

Stéphanas Assocle