Marsa Maroc SaCSEMA: MSA

Q3 Financial Communication

· Issued by Marsa Maroc Sa
FINANCIAL COMMUNICATION

THIRD QUARTER 2025 INDICATORS

8% increase in the traffic handled by the Marsa Maroc Group as of September 30th, 2025, to 50.7 million tons, driven by growth in all traffic components.

Significant 16% increase in consolidated revenue, reaching MAD 4,305 million as of September 30th, 2025, thanks to higher volumes handled, mainly in domestic container traffic, but also to the addition of other logistics services.

Finalization in October 2025 of the partnership agreement between Marsa Maroc and CMA CGM for the operation of the Western Container Terminal at the port of Nador West Med. This strategic partnership will enable the terminal to benefit from CMA CGM's global network, capable of generating significant traffic volumes, as well as from Marsa Maroc's operational expertise.

  • TRAFFIC INDICATORS
50.7 MILLION TONS

TOTAL TRAFFIC FOR 9M

+8 %

2,270,269 TEUs (*)

TOTAL CONTAINERS TRAFFIC (+8%)

  1. MILLION TONS

    TRAFIC FOR Q3

    +8 %

    8.6 MILLION TONS

    LIQUID BULK TRAFFIC (+6%)

    109.9 THOUSAND UNITS

    NEW VEHICLES TRAFFIC (+55 %)

    TRANSHIPMENT TRAFFIC : 1,286,124 TEUs (+6 %) DOMESTIC TRAFFIC : 984,145 TEUs (+9 %)

    17 MILLION TONS

    SOLID BULK AND GENERAL CARGO (+4%)

    19.8 THOUSAND UNITS

    IRT TRAFFIC (+19 %)

    *TWENTY-FOOT EQUIVALENT UNIT

    Container traffic growth accelerated as of September 30th, 2025, supported by a strong 9% growth in domestic traffic, which reached a volume of 984,145 TEUs, and a 6% rise in the transhipment segment to 1,286,124 TEUs.

    Bulk traffic recorded an increase driven by growth in both liquid bulk (+6%) and dry bulk and general cargo (+4%), which were boosted by volumes of clinker and coal.

    New vehicles traffic grew by 55% thanks to higher imports (+30%) and the handling of a spot traffic of cars' transhipment (17,476 units).

    • SCOPE OF CONSOLIDATION

      For the third quarter of 2025, the Group's consolidation scope was expanded to include Marsa Maroc International Logistics (MMIL), a newly created wholly owned subsidiary, established to support the Group's international development and ensure effective performance monitoring of its investments.

    • FINANCIAL INDICATORS *

CONSOLIDATED REVENUE

MAD MILLION

3,717

4,305

CONSOLIDATED CAPEX

MAD MILLION

1,783

CONSOLIDATED NET DEBT

MAD MILLION

1,463

1,235

+18%

+16%

+355%

392

Q3 2024

Q3 2025*

9M 2024

9M 2025*

9M 2024

9M 2025*

9M 2024

-390

-21 %

-470

9M 2025*

Marsa Maroc invested MAD 1,783 billion at the end of September 2025 to reinforce its equipment portfolio, including the purchase of 18 container cranes and 50 RTG cranes for its terminals at the ports of Nador West Med and Casablanca. This investment envelope also covered the commitment to superstructure works at the two new terminals in Nador West Med, as well as the modernization and extension of installations at the ports of Casablanca and Jorf Lasfar.

Marsa Maroc's net debt amounted to MAD -470 million at the end of September 2025. It consisted of MAD 1,629 million of financing debt and MAD 2,099 million of cash availability.

(*) FIGURES 2025 UNAUDITED AT DATE OF PUBLICATION

Marsa Maroc

Head office : Angle Bd Route d'El Jadida et Rue des Papillons - Casablanca

Phone. : 05 22 23 23 24

Website : https://www.marsamaroc.co.ma

Financial communication contact : Email : investisseurs@marsamaroc.co.ma Phone : 05 22 77 67 84 / 94

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