CBSE:ADI Income Statement

Financials in millions MAD. Fiscal year is January - December.

Millions MAD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Operating Revenue	2,445	2,382	2,044	1,628	1,428
Other Revenue	15.41	-	-	-0	-
Revenue	2,460	2,382	2,044	1,628	1,428
Revenue Growth (YoY)	3.28%	16.52%	25.55%	13.99%	12.43%
Cost of Revenue	1,580	1,573	1,702	1,174	1,015
Gross Profit	880.4	809.45	341.92	454.62	413.64
Selling, General & Admin	169.39	155.99	155.46	173.23	165.02
Amortization of Goodwill & Intangibles	55.08	56.86	57.13	56.86	37.77
Other Operating Expenses	124.84	207.78	-223.62	-39.53	-10.95
Operating Expenses	349.32	420.63	-11.03	190.55	191.84
Operating Income	531.08	388.82	352.94	264.08	221.81
Interest Expense	-58.05	-67.47	-59.74	-86.69	-93.03
Other Non Operating Income (Expenses)	18.9	13.72	-40.16	10.77	9.74
EBT Excluding Unusual Items	491.93	335.08	253.04	188.16	138.52
Other Unusual Items	-22.15	16.62	20.08	-6.7	-6.32
Pretax Income	469.78	351.7	273.12	181.46	132.2
Income Tax Expense	68.02	46.26	31.25	7.29	13.05
Earnings From Continuing Operations	401.76	305.44	241.88	174.17	119.15
Minority Interest in Earnings	5.84	-3.53	-3	4.22	0.15
Net Income	407.6	301.92	238.87	178.39	119.3
Net Income to Common	407.6	301.92	238.87	178.39	119.3
Net Income Growth	35.00%	26.39%	33.91%	49.53%	-
Shares Outstanding (Basic)	-	22	22	22	22
Shares Outstanding (Diluted)	-	22	22	22	22
EPS (Basic)	-	13.67	10.82	8.08	5.40
EPS (Diluted)	-	13.67	10.82	8.08	5.40
EPS Growth	-	26.39%	33.91%	49.53%	-
Free Cash Flow	-57.71	760.16	697.95	282.16	559.69
Free Cash Flow Per Share	-	34.43	31.61	12.78	25.35
Dividend Per Share	-	3.600	3.000	-	-
Dividend Growth	-	20.00%	-	-	-
Gross Margin	35.79%	33.98%	16.73%	27.92%	28.96%
Operating Margin	21.59%	16.32%	17.27%	16.22%	15.53%
Profit Margin	16.57%	12.68%	11.68%	10.96%	8.35%
Free Cash Flow Margin	-2.35%	31.91%	34.14%	17.33%	39.18%
EBITDA	593.15	457.71	422.5	320.93	279.56
EBITDA Margin	24.11%	19.22%	20.67%	19.71%	19.57%
D&A For EBITDA	62.06	68.89	69.56	56.86	57.75
EBIT	531.08	388.82	352.94	264.08	221.81
EBIT Margin	21.59%	16.32%	17.27%	16.22%	15.53%
Effective Tax Rate	14.48%	13.15%	11.44%	4.02%	9.87%
Revenue as Reported	1,899	1,692	1,881	2,085	1,547

Source: S&P Global Market Intelligence. Standard template. Financial Sources.