Casablanca– Marsa Maroc, Morocco’s leading port terminal operator, delivered outstanding financial and operational results in 2024, achieving record consolidated revenue surpassing $515 million, marking a historic milestone for the company. This performance highlights the company’s exceptional growth trajectory and solidifies its position as a dominant player in the national and African port sectors.

Historic financial achievements

Marsa Maroc’s consolidated revenue reached an unprecedented $515 million in 2024, marking a historic milestone for the company. This remarkable achievement reflects Marsa Maroc’s operational efficiency and its ability to adapt to market demands in a highly competitive environment. The 2024 financial results highlight the company’s ongoing expansion and strategic initiatives, further solidifying its leadership in the national port sector.

The company’s exceptional performance was driven by its growth in port traffic, container handling, and bulk cargo operations. Marsa Maroc’s diverse portfolio of services, coupled with its strong commitment to enhancing operational capacity, played a key role in achieving these record figures.

Record-setting cargo volumes

Marsa Maroc handled a total of 63.3 million tonnes of cargo in 2024, surpassing the 60 million tonnes mark for the first time since its establishment. This growth in cargo volume highlights the company’s ability to meet the demands of Morocco’s growing trade activities, positioning it as a critical enabler of the country’s economic development.

Containerized traffic reached nearly 2.9 million TEUs (twenty-foot equivalent units), setting a new record for the company. This growth in container traffic reflects the increasing importance of Morocco as a key logistics hub in Africa, with Marsa Maroc playing a central role in facilitating international trade. Additionally, the company saw a significant increase in solid bulk cargo, which surpassed 18 million tonnes for the first time, further demonstrating its capacity to handle diverse types of cargo efficiently.

Strengthening market leadership

The company’s stellar performance not only solidifies its leadership position in the Moroccan market but also strengthens its presence across Africa. Marsa Maroc is now ranked as the sixth-largest container terminal operator on the continent, underscoring its significant role in the African maritime and logistics sectors. This growth trajectory is expected to continue as Marsa Maroc seeks to expand its reach and enhance its service offerings across the region.

The company’s leadership in the national market is further evidenced by its ability to handle an increasing volume of both general and specialized cargo, making it a trusted partner for key industrial sectors, including agriculture, automotive, and manufacturing. Marsa Maroc’s strategic investments in port infrastructure and its focus on digitalization have positioned it as a cutting-edge operator capable of meeting the evolving needs of its clients.

Strong performance on the stock market

Marsa Maroc’s excellent financial results were also reflected in its performance on the Casablanca Stock Exchange. The company’s share price surged by nearly 95% in 2024, reflecting investor confidence in its continued growth prospects. As a result, Marsa Maroc’s market capitalization reached nearly $4.1 billion by the end of the year, placing it among the top six largest companies on the exchange. Additionally, the company’s stock ranked eighth in terms of trading activity, further underscoring its strong market presence.

These results reflect the effectiveness of Marsa Maroc’s strategic vision and its ability to execute plans that deliver sustained growth. The company’s focus on enhancing its operational performance, expanding its international footprint, and leveraging new technologies has driven investor confidence, positioning Marsa Maroc as a leading entity in the global maritime and logistics industry.

International expansion and strategic developments

Marsa Maroc’s growth in 2024 was not confined to its domestic operations. The company made significant strides in its international expansion strategy. One of the key milestones was the signing of a management contract for the Port of Cotonou in Benin, marking a significant step in its efforts to extend its reach in West Africa. Additionally, Marsa Maroc was appointed as the operator of the East Container Terminal at the Nador West Med Port, a strategic development that strengthens its position in the Mediterranean region.

These international moves align with the company’s long-term growth strategy to become a global leader in port, logistics, and maritime services. Marsa Maroc’s expansion into new markets, combined with its strong operational performance, reflects its ambition to establish itself as a leading player in Africa and beyond.

Looking ahead with confidence

Building on the achievements of 2024, Marsa Maroc enters 2025 with renewed ambition and a clear vision for continued growth. The company’s leadership in the Moroccan port sector, coupled with its strategic expansions in Africa and beyond, positions it for continued success in the years to come. With a focus on innovation, operational excellence, and global expansion, Marsa Maroc is poised to further strengthen its position as a trusted partner in the global maritime and logistics industry.