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Marsa Maroc Reports 16% Revenue Jump and Strategic Partnerships Across Two Continents in 2025
Marsa Maroc closed 2025 with a solid 16% increase in consolidated revenue, hitting 5.785 billion MAD. The growth was driven by a 6% rise in handled cargo—reaching 67.1 million tonnes—and expanding logistics services. Strategic moves included a partnership with CMA CGM at Nador West Med’s western container terminal and a 45% stake in Boluda Maritime Terminals, giving the group a presence on both sides of the Strait of Gibraltar and expanding its network to 34 terminals in 20 ports. Investments reached 2.415 billion MAD, covering new container gantries, RTGs, and terminal super‑structure works in Nador West Med, Casablanca and Jorf Lasfar. The group also ended the year with negative net debt (‑753 million MAD), underscoring strong financial flexibility for future growth.
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2025 Financial Highlights
Consolidated revenue reached 5.785 billion MAD, a 16 % increase
Handled cargo grew by 6 % to 67.1 million tonnes, driven by strong performance across all segments, especially import‑export container traffic, despite adverse weather in Q4 that slowed ship calls.
Strategic Partnerships and Expansion
- In October 2025, Marsa Maroc signed a strategic agreement with CMA CGM to operate the West Container Terminal at Nador West Med, leveraging CMA CGM’s global network to generate significant volumes.
- In December 2025, the group secured a 45 % stake in Boluda Maritime Terminals through its subsidiary Marsa Maroc International Logistics (MMIL), extending its footprint on both sides of the Strait of Gibraltar. The alliance now covers 34 terminals in 20 ports, reinforcing Marsa Maroc’s position as a regional port operator capable of large‑scale projects.
Container Traffic Breakdown
Container movements totaled 3,024,680 EVP as of 31 Dec 2025. Domestic traffic rose 6 %** to 1,311,656 EVP, while transshipment increased **3 %** to 1,713,024 EVP.
Bulk and Miscellaneous Cargo
Bulk cargo also performed well, with liquid bulk up **5 %** and solid bulk plus various goods up **4 %**, boosted by higher volumes of coal, scrap metal and clinker.
Group Consolidation Scope
The fourth quarter saw the inclusion of West Med Container Terminal (WMCT), which operates the East Container Terminal at Nador West Med and is 51 % owned by Marsa Maroc.
Investments
By year‑end, Marsa Maroc committed 2.415 billion MAD to capital projects, including:
- Procurement of 18 container gantries and 50 RTGs for Nador West Med and Casablanca terminals.
- Super‑structure works at the two new Nador West Med container terminals.
- Modernisation and expansion programmes at Casablanca and Jorf Lasfar ports.
Financial Position
As of 31 Dec 2025, the group reported a negative net debt of -753 million MAD, composed of 1.367 billion MAD of financing debt offset by 2.120 billion MAD of cash and cash equivalents, confirming ample financial flexibility for future growth.
Related News
- Feb 10 2026 – Marsa Maroc wins a management contract for Monrovia harbour, Liberia.
- Jan 21 2026 – Finalisation of Terminal Investment Limited’s entry into West Med Container Terminal’s capital.
- Dec 15 2025 – Acquisition of a 45 % stake in Spain’s leading port operator.
- Dec 12 2025 – Social partners sign a peace agreement up to 2030.