Morocco's OCP undecided on 2026 dividend after first — half loss

By Ahmed Eljechtimi MARRAKECH, Oct 7 (Reuters) — Morocco's state-controlled phosphate and fertiliser giant OCP said on Wednesday it has not decided whether to pay a dividend for 2026 after local media reported it might skip the payout following a first-half loss. OCP, one of the world's largest exporters of phosphate fertilisers, reported in September a net loss attributable to the group of 2.837 billion dirhams ($284 million) in the first six months of 2026, compared with a profit of 8.252 billion dirhams a year earlier. The company attributed the loss to the closure of the Strait of Hormuz, a key route for sulphur exports. Sulphur prices have nearly tripled since the passageway's closure, it said. "No decision has therefore been taken at this stage regarding the dividend for the 2026 financial year," OCP said in an emailed response to a Reuters request for comment, following a report by local news website Le Desk that it may skip distributing a dividend for 2026. The company said it would be premature to comment on the level of any 2026 dividend "or even the existence of a distribution" before annual results are finalised and its governing bodies meet. For 2025, OCP paid a.