Doha – Marsa Maroc, the leading port operator of Morocco, achieved unprecedented financial results in 2024, with consolidated revenue exceeded MAD 5 billion (500 million US dollars) for the first time and marked an increase of 16% compared to the previous year.
The fourth quarter alone achieved sales of $ 1.291 billion ($ 129.1 million), which increased to an increase of 18% compared to the previous year.
The company reported record -breaking operational metrics in all segments. The total volume of the charge procurement volume exceeded 63.3 million tons and for the first time exceeded the 60 million ton mark in the history of the company.
The container traffic reached new heights at 2.9 million teus, which were due to a strong performance in the changeover at 1,660,494 teus (+12%) and 1,238,285 teus (+14%).
The solid mass and various freight operation rose by 9% and reached 21.7 million tons, supported by increased traffic in grain, plaster and sulfur. The fluid mass operation also showed a strong dynamic with growth of 11% over the course of the year.
The company’s stock market performance reflected these successes, whereby the share prices rose by 95% in 2024.
This increase brought Marsa Maroc to the six highest market capitalizations on the Casablanca Stock Exchange and reached 40 billion ($ 4 billion) by December 31, 2024. The company was also classified as eight most active shares on the stock exchange.
“Marsa Marocs illustrate this historical achievements solidly and come from his new strategic vision, which she will position as a reference port, logistics and maritime partner in Morocco and Africa,” said the company in its press release.
In order to support his business, Marsa Maroc invested 715 million (71.5 million US dollars) in the renewal of devices and improving the infrastructure.
Read too: Marsa Maroc’s turnover increases by 17% in the first half of 2024
The company has a strong financial position with a net debt of MAD -792 million (-79.2 million USD), which from MAD 1.598 billion ($ 159.8 million) in the financing of debt and MAD 2.390 billion ( 239 million USD) in available means.
The company’s strategic move to Africa accelerated With the start of Marsa Maroc International Logistics, supported by an insane investment of 300 million ($ 30 million).
Two new subsidiaries, Marsa Dschibuti and Marsa Benin, were founded to strengthen his continental presence. Marsa Djibouti will take part in the development of an oil terminal over Damerjog Oil Stegy FZE, while Marsa Benin manages terminals 1 and 5 in the port of Cotonou.
In Morocco, Marsa Maroc currently operates 25 terminals in 11 ports and is shown for the operation of the East Container terminal in the Nador West Med Port, which is expected to begin in mid-2026 with a capacity of more than three million teus.
The European Bank for reconstruction and development recently provided MAD 690 million (69 million US dollars) finances the company’s expansion plans. The ownership structure of Marsa Maroc comprises a 25% state palle and a share of 35% of Tanger Med Port.
