AFMA S.A. (CBSE: AFM)

AFMA S.A. Income Statement

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

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Dec 31, 2023	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Operating Revenue	258.77	258.77	243.69	221.88	203.62	193.9
Revenue	258.77	258.77	243.69	221.88	203.62	193.9
Revenue Growth (YoY)	6.19%	6.19%	9.83%	8.97%	5.01%	3.82%
Cost of Revenue	131.85	131.85	124.73	112.57	99.97	99.66
Gross Profit	126.92	126.92	118.96	109.31	103.64	94.24
Selling, General & Admin	1.45	1.45	1.27	1.19	0.98	1.09
Other Operating Expenses	2.73	2.73	2.38	1.86	2.29	1.99
Operating Expenses	21.11	21.11	19.21	15.94	16.27	13.75
Operating Income	105.81	105.81	99.75	93.36	87.37	80.49
Interest Expense	-6.82	-6.82	-5.82	-5.72	-5.06	-5.61
Other Non Operating Income (Expenses)	0.45	0.45	0.11	0.14	0.46	0.12
EBT Excluding Unusual Items	99.45	99.45	94.04	87.78	82.77	75
Other Unusual Items	-6.52	-6.52	-3.14	-0.99	-17.24	-2.46
Pretax Income	92.93	92.93	90.9	86.79	65.53	72.55
Income Tax Expense	30.45	30.45	29.45	26.86	22.22	22.54
Earnings From Continuing Operations	62.47	62.47	61.45	59.93	43.31	50.01
Minority Interest in Earnings	-2.48	-2.48	-2.13	-2.08	-0.75	0.13
Net Income	60	60	59.32	57.85	42.56	50.14
Net Income to Common	60	60	59.32	57.85	42.56	50.14
Net Income Growth	1.14%	1.14%	2.53%	35.94%	-15.12%	0.71%
Shares Outstanding (Basic)	1	1	1	1	1	1
Shares Outstanding (Diluted)	1	1	1	1	1	1
Shares Change (YoY)	-0.00%	-0.00%	-0.01%	0.01%	0.00%	-0.01%
EPS (Basic)	60.00	60.00	59.32	57.85	42.56	50.14
EPS (Diluted)	60.00	60.00	59.32	57.85	42.56	50.14
EPS Growth	1.15%	1.15%	2.54%	35.93%	-15.12%	0.72%
Free Cash Flow	66.39	66.39	28.03	50.54	95.73	100.21
Free Cash Flow Per Share	66.40	66.40	28.03	50.53	95.73	100.21
Dividend Per Share	55.000	55.000	55.000	54.000	47.000	-
Dividend Growth	0%	0%	1.85%	14.89%	-	-
Gross Margin	49.05%	49.05%	48.82%	49.26%	50.90%	48.60%
Operating Margin	40.89%	40.89%	40.93%	42.08%	42.91%	41.51%
Profit Margin	23.18%	23.18%	24.34%	26.08%	20.90%	25.86%
Free Cash Flow Margin	25.66%	25.66%	11.50%	22.78%	47.01%	51.68%
EBITDA	112.02	112.02	105.41	97.66	91.29	84.12
EBITDA Margin	43.29%	43.29%	43.25%	44.02%	44.83%	43.38%
D&A For EBITDA	6.21	6.21	5.66	4.3	3.91	3.63
EBIT	105.81	105.81	99.75	93.36	87.37	80.49
EBIT Margin	40.89%	40.89%	40.93%	42.08%	42.91%	41.51%
Effective Tax Rate	32.77%	32.77%	32.40%	30.95%	33.91%	31.07%
Revenue as Reported	258.78	258.78	243.7	222.11	203.62	193.9

Source: S&P Capital IQ. Standard template. Financial Sources.