Strong Performance in Cargo Handling
By the end of 2025, Marsa Maroc demonstrated robust operational growth, with cargo traffic increasing by 6% to 67.1 million tonnes. This growth was bolstered by positive trends across all segments, particularly in containerized import-export traffic, despite weather-related disruptions in the fourth quarter that slowed ship handling.
Significant Revenue Growth
The company's consolidated revenue reached 5.785 billion dirhams, marking a 16% increase. This performance reflects both the rise in handled volumes and the expansion of the group's service offerings in line with its strategy to strengthen its position in the port logistics value chain.
Strategic International Alliances
Marsa Maroc made notable progress in its international development strategy. In October 2025, the company finalized a strategic agreement with CMA CGM for the operation of the West Container Terminal at Nador West Med port. This partnership will leverage CMA CGM's global network, generating significant volumes alongside Marsa Maroc's recognized operational expertise.
In December 2025, Marsa Maroc entered into a strategic alliance with Boluda Corporación Marítima, allowing its subsidiary, Marsa Maroc International Logistics (MMIL), to acquire a 45% stake in Boluda Maritime Terminals. This move enhances Marsa Maroc's presence on both sides of the Strait of Gibraltar and expands its operational footprint to 34 terminals across 20 ports, solidifying its status as a regional port operator capable of executing large-scale projects with leading international players.
Container Traffic and Bulk Cargo Growth
Container traffic reached 3,024,680 TEUs by December 31, 2025, driven by a 6% increase in domestic traffic to 1,311,656 TEUs and a 3% rise in transshipment volumes to 1,713,024 TEUs. Additionally, bulk and miscellaneous cargo also saw favorable growth, supported by a 5% increase in liquid bulk and a 4% rise in solid bulk and various goods, particularly coal, scrap metal, and clinker.
Expansion of Consolidation Scope
The consolidation scope of Marsa Maroc evolved in the fourth quarter of 2025 with the inclusion of West Med Container Terminal (WMCT), which operates the East Container Terminal at Nador West Med and is 50% plus one share owned by Marsa Maroc.
Investment Initiatives
As of December 31, 2025, Marsa Maroc committed a total investment of 2.415 billion dirhams. This investment includes the procurement of 18 container cranes and 50 rubber-tired gantry (RTG) cranes for the container terminals at Nador West Med and Casablanca. It also covers the construction of superstructure works at the two new container terminals at Nador West Med, as well as modernization and expansion programs for the port facilities at Casablanca and Jorf Lasfar.
Solid Financial Structure
At the close of 2025, Marsa Maroc reported a strong financial position, with a negative net debt of -753 million dirhams, comprising 1.367 billion dirhams in financing debt and 2.120 billion dirhams in cash reserves. This underscores the group's ability to finance its growth while maintaining significant financial flexibility.
