Marsa Maroc: Revenue Increases by 13% in the First Half of 2026, Reaching 3.21 Billion Dirhams
Marsa Maroc confirms the progress of its operations in the first half of 2026, driven by increased handling volumes, robust domestic container traffic, and growth in bulk-related activities. The group also continues its major investment program, particularly focused on the development of the Nador West Med port.
As of June 30, 2026, the traffic handled by the Marsa Maroc Group reached 34.5 million tons, marking an increase of 3% compared to the same period last year. This growth is primarily attributed to the strong performance of domestic container traffic and an increase in the volumes of solid and liquid bulk.
On the financial side, the consolidated revenue amounted to 3.214 billion dirhams, reflecting a 13% year-on-year increase. This positive development was supported by the growth in handling volumes and improved revenues from logistics services.
Increase in Domestic Container Traffic
The container segment witnessed mixed developments across its various categories.
Domestic container traffic rose by 7%, reaching 697,594 TEUs in the first half of the year. This increase is primarily driven by the dynamism of Morocco’s foreign trade.
Conversely, transshipment traffic declined by 4%, totaling 822,666 TEUs.
According to Marsa Maroc, this shift aligns with an operational strategy aimed at enhancing the specialization of the group’s different terminals. Thus, the container terminals at the Port of Casablanca are now more focused on domestic flows, while the Tanger Alliance terminal maintains its strategic positioning for transshipment operations.
Growth in Solid and Liquid Bulk
Other traffic categories also reported positive developments over the first six months of the year.
Volumes of solid bulk increased by 6%, particularly due to higher imports of livestock feed and scrap metal.
Liquid bulk volumes also registered a growth of 6%, contributing to the overall increase in the group’s handled traffic.
Nador West Med Expands the Group’s Scope
The second quarter of 2026 was also marked by a significant evolution in Marsa Maroc’s consolidation scope, with the integration of two new companies tied to the development of Nador West Med.
The first, Nador Container Terminal (NCT), is responsible for operating the West Terminal dedicated to containers at the Nador West Med port. It is fully consolidated at 100% as of June 30, 2026.
The second, West Med Towage (WMT), provides port towing services at Nador West Med. Marsa Maroc holds 49% of it, and the company is consolidated using the equity method.
Ultimately, NCT will be owned 51% by Marsa Maroc after CMA Terminals acquires a 49% stake in its capital, with the company remaining consolidated via the global integration method.
3.4 Billion Dirhams Invested in Six Months
Meanwhile, Marsa Maroc is pursuing a large-scale investment program. The group reported an investment of 3.4 billion dirhams in the first half of 2026.
These investments are primarily aimed at developing port infrastructure and acquiring the necessary equipment for the new terminals at the Nador West Med port.
This expenditure underscores the strategic importance the group places on enhancing its port capacity and supporting the advancement of new infrastructures.
A Strong Financial Structure Remains Intact
Despite the acceleration in investments, Marsa Maroc maintains a robust financial structure.
As of June 30, 2026, the group reported a negative net debt of 1.138 billion dirhams, resulting from financial resources amounting to 2.785 billion dirhams compared to 1.647 billion dirhams in financing debt.
This financial position allows the group to continue its development program while maintaining solid financial balance.
With the increase in traffic, rising revenues, and accelerated investments, particularly at Nador West Med, Marsa Maroc continues its development and progressively strengthens its capabilities in port and logistics activities.
