Cosumar Boosts Turnover to 5.36 Billion Dirhams, Eyes Sustainable Growth and Global Expansion

Driven by the increase in its export volumes and the ramp-up of its Sidi Bennour refinery, Cosumar achieved a consolidated turnover of 5.36 billion dirhams in the first half of 2025. Despite an unfavorable global context and low rainfall, the national sugar operator is maintaining its growth trajectory and preparing a 2025-2026 campaign focused on sustainability and internationalization.

At the end of June, the historic sugar operator, Cosumar, published solid half-year results, marked by an increase in consolidated turnover to 5.36 billion dirhams (MDH), an increase of 7.6% compared to the same period in 2024.

This performance is attributed to the growth in export volumes, driven by the expansion of the Sidi Bennour refinery’s refining capacity. The group’s financial communication highlights that the 2025 sugar harvest took place under conditions described as “satisfactory,” despite a start to the year marked by low rainfall. The mobilization of agricultural partners and technical support from Cosumar made it possible to increase the harvested areas and generate local production that is significantly higher than the previous season.

Furthermore, in a global sugar market deemed “unfavorable” in the first half of the year, Cosumar was able to maintain its resilience thanks to its export sales, thus consolidating its position among the world leaders in refined white sugar. The group’s strategy is to take advantage of the increase in local production and its strengthened industrial capacities to expand its international outlets, particularly in Africa and the Middle East.

Rising debt, controlled investments

On the financial front, the company recorded a net increase in its debt, which rose from 556 million dirhams at the end of 2024 to 1.6 billion dirhams as of June 30, 2025. This change reflects the financing needs linked to agricultural campaigns and industrial investments.

Capital expenditures (CAPEX) reached 92 million dirhams in the first half of the year, compared to 88 million dirhams a year earlier. They mainly concern the maintenance and upgrading of industrial equipment, reflecting prudent but continuous management of the production system.

Cosumar Outlook and Ambitions

Cosumar has ambitious goals for the 2025-2026 campaign. The company is banking on continued improvement in agricultural performance and the rise of local production to strengthen its position on the international market.

The expected increase in export volumes should enable the group to consolidate its margins and offset the uncertainties of the global sugar market. As an agricultural aggregator recognized by the FAO and a pioneer of CSR in Morocco, Cosumar also intends to pursue its long-term strategy focused on sustainability and partnership with the agricultural sector, while remaining a strategic player in national food sovereignty.

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(Featured image by Daniel Krauss via Unsplash)

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First published in LES ECO.ma. A third-party contributor translated and adapted the article from the original. In case of discrepancy, the original will prevail.

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