Marsa Maroc, Morocco’s main port operator, has had a record year in 2024 thanks to a 49% increase in its net profit compared to the previous year.
The Moroccan company achieved a net profit of 1.26 billion Moroccan dirhams (120 million euros) in 2024, an increase of 49% over the previous year. Turnover exceeded 5 billion dirhams (475 million euros).
Gross Operating Surplus (GOS) increased by 26%, reaching 2.62 billion dirhams (249 million euros), thus increasing the group’s profitability. Thanks to these parameters, the net profit stood at the aforementioned 1.26 billion dirhams.
The group is expected to distribute dividends with an increase of up to 12% by 2023, which means 9.5 dirhams per share for the 2024 financial year, following the initiative proposed by the Board of Directors, chaired by Fouad Brini, to the Ordinary General Meeting of the Moroccan port company.
These figures demonstrate the importance of Morocco’s leading port operator, which handles 57 million tonnes in up to 25 terminals located in 10 ports. Marsa Maroc has a significant presence in all of Morocco’s commercial ports, as well as in the port of Cotonou in Benin, thus expanding beyond Moroccan borders.
Marsa Maroc has a turnover of around 4,200 million euros and a workforce of 2,311 employees in a trajectory that has lasted 19 years, during which it has opened up to three subsidiaries.
Driven by a constant concern for quality of service, and thanks to its qualified human resources and its fleet of high-performance equipment, Marsa Maroc strives to offer importers, exporters and shipping companies services that meet the best international standards in all its available infrastructures.
In terms of its expansion plans, Marsa Maroc is managing two more terminals in the port of Nador West Med, in collaboration with MSC Group and CMA CGM, which are, respectively, the first and third most important shipowners in the world. These terminals will start operating in 2027, giving Morocco a greater port profile, together with the activity of the port of Tangier Med, which is the leading port in Africa and the second in the Arab world after Dubai in terms of container traffic.
Outside Morocco, the expansion strategy includes the start of operations in another African country, Benin.
This evolution enjoyed by Marsa Maroc is also marked by an increase in investments in terminals in Morocco with a view to further increasing the port capacity of its facilities and improving commercial performance, which is beneficial to the Moroccan economy.
As part of its strategic plan for 2030, Marsa Maroc will have 16,000 million dirhams (1,520 million euros) available to it over the next five years to continue improving its port activity and volume.
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