Morocco’s main port operator, Marsa Maroc, says it had a strong 2025 and is preparing a large investment drive to expand its business in Morocco and abroad.
The company made 5.8bn Moroccan dirhams in revenue in 2025, up 16% from the year before. Operating profit rose faster than sales, with EBITDA up 22% to 3.2bn dirhams. Net profit reached 1.6bn dirhams, a 25% increase.
A key development in 2025 was the move into the Nador West Med port complex. Marsa Maroc took over the East Container Terminal through its subsidiary West Med Container Terminal. The site sits on major Mediterranean shipping routes.
The company signed agreements with Terminal Investment Limited and CMA CGM to run the terminal. It also agreed a partnership with Boluda Maritime Terminals that could give it a 45% stake and expand its network to 34 terminals across 20 ports.
Marsa Maroc invested 4.4bn dirhams in 2025 to upgrade facilities in Casablanca and Jorf Lasfar. The company plans to spend 21bn dirhams between 2025 and 2030.
Spending has already affected cash levels. More than 1.8bn dirhams was spent on fixed assets during the year. The company is using both its own cash and borrowing to fund the expansion.
The board proposed a dividend of 11 dirhams per share. This is a 16% increase from the previous year.
Auditors approved the 2025 accounts but highlighted provisions for “heavy repairs” as a liability. They also said public domain assets under concession are not shown on the balance sheet and this does not affect net results.
The Nador West Med container terminal is expected to become fully operational in 2026. Maritime assistance and towing services are also planned at the site.
A new unit called Marsa Maroc International Logistics will lead the company’s first steps outside Morocco. The company wants to benefit from growing regional supply chains and near-shoring trends.
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