Marsa Maroc: 16% Increase in Revenue by the End of September

As of September 30, 2025, container traffic growth has strengthened, supported by a 9% increase in domestic traffic, reaching a volume of 984,145 TEUs. Additionally, the transshipment segment rose by 6% to 1,286,124 TEUs. Bulk traffic also saw an increase, driven by a 6% growth in liquid bulk and a 4% rise in solid bulk and miscellaneous goods, stimulated by volumes of clinker and coal. New vehicle traffic surged by 55%, attributed to a 30% rise in imports and the handling of spot traffic for transshipped cars (17,476 units). In the third quarter of 2025, the Group's consolidation scope was expanded to include Marsa Maroc International Logistics (MMIL), a new wholly-owned subsidiary aimed at supporting the Group's international development and monitoring the performance of its investments. Marsa Maroc achieved consolidated revenue of 4,305 million dirhams by the end of September 2025, marking a 16% increase compared to the same period last year. For the third quarter alone, the Group's consolidated revenue amounted to 1,463 million dirhams, up from 1,235 million dirhams in Q3 2024. By the end of September 2025, Marsa Maroc invested 1,783 million dirhams to enhance its equipment fleet, including the order of 18 container gantries and 50 RTG cranes for its terminals at the ports of Nador West Med and Casablanca. This investment also covered the commitment to superstructure works at the two new terminals in Nador West Med, as well as modernization and expansion projects at the ports of Casablanca and Jorf Lasfar. As of September 30, 2025, Marsa Maroc's net debt stood at -470 million dirhams, comprising 1,629 million dirhams in financing debt and 2,099 million dirhams in cash reserves.