Cosumar's Revenue Growth Amidst Profit Challenges
In a noteworthy financial report, Cosumar, the leading sugar producer in Morocco, has announced a revenue increase of 2.4% for the year 2025, reaching a total of MAD 10.48 billion. This growth can be attributed to stronger export performance and an uptick in local sugar production, despite facing a decline in net profits due to a challenging international market environment.
The company’s consolidated revenue, reported at the end of December, reflects a robust performance primarily driven by enhanced export sales and the expansion of domestic production capabilities. The new refining capacity established at its Sidi Bennour facility has played a pivotal role in this success, enabling Cosumar to better meet both domestic demand and international market opportunities.
Operating income for the year was recorded at MAD 1.29 billion, showing a slight decrease compared to 2024. This decline has been linked to less favorable conditions in the global market that have pressured profit margins. However, higher export volumes and an improved sugar campaign, supported by expanded harvested areas in Morocco, have mitigated some of these adverse effects.
Despite the revenue growth, the company reported a significant drop in net profit, which fell to MAD 704 million—down MAD 146 million from the previous year. This decrease was primarily influenced by a tax reassessment and exceptional non-recurring costs incurred during the year. Notably, when adjusted for these unusual items, Cosumar's net profit demonstrated improvement relative to 2024, indicating resilience in its core business operations.
In response to these results, the board has proposed a total dividend of MAD 10 per share, consisting of a MAD 9 ordinary dividend complemented by an exceptional payout of MAD 1. This decision reflects the company’s commitment to providing returns to its shareholders even amid profit fluctuations.
Looking ahead, Cosumar is optimistic about its future prospects, planning to further expand its export activities, bolstered by increased refining capacity and anticipated gains in local sugar production. The company is also preparing to embark on a decarbonization initiative at its Casablanca refinery, which aligns with its broader strategy for diversification and sustainability.
As Morocco's dominant sugar operator, Cosumar's performance is crucial not only for its shareholders but also for the country's food security and market price stability. The increase in local sugar production is expected to lessen the nation’s dependence on imports, particularly during times of volatility in global sugar markets. Furthermore, the company's efforts to boost exports reflect a strategic balance between fulfilling domestic demand and seizing international market opportunities.
As reported by moroccoworldnews.com.
