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	Jun 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Operating Revenue	274.06	258.77	243.69	221.88	203.62	193.9
Revenue	274.06	258.77	243.69	221.88	203.62	193.9
Revenue Growth (YoY)	8.36%	6.19%	9.83%	8.97%	5.01%	3.82%
Cost of Revenue	140.49	131.85	124.73	112.57	99.97	99.66
Gross Profit	133.57	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	3.15	2.73	2.38	1.86	2.29	1.99
Operating Expenses	23.11	21.11	19.21	15.94	16.27	13.75
Operating Income	110.46	105.81	99.75	93.36	87.37	80.49
Interest Expense	-7.61	-6.82	-5.82	-5.72	-5.06	-5.61
Other Non Operating Income (Expenses)	0.49	0.45	0.11	0.14	0.46	0.12
EBT Excluding Unusual Items	103.34	99.45	94.04	87.78	82.77	75
Other Unusual Items	-6.15	-6.52	-3.14	-0.99	-17.24	-2.46
Pretax Income	97.19	92.93	90.9	86.79	65.53	72.55
Income Tax Expense	29.16	30.45	29.45	26.86	22.22	22.54
Earnings From Continuing Operations	68.03	62.47	61.45	59.93	43.31	50.01
Minority Interest in Earnings	-2.19	-2.48	-2.13	-2.08	-0.75	0.13
Net Income	65.84	60	59.32	57.85	42.56	50.14
Net Income to Common	65.84	60	59.32	57.85	42.56	50.14
Net Income Growth	4.37%	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)	-0.01%	-0.00%	-0.01%	0.01%	0.00%	-0.01%
EPS (Basic)	65.85	60.00	59.32	57.85	42.56	50.14
EPS (Diluted)	65.85	60.00	59.32	57.85	42.56	50.14
EPS Growth	4.37%	1.15%	2.54%	35.93%	-15.12%	0.72%
Free Cash Flow	-	66.39	28.03	50.54	95.73	100.21
Free Cash Flow Per Share	-	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	48.74%	49.05%	48.82%	49.26%	50.90%	48.60%
Operating Margin	40.30%	40.89%	40.93%	42.08%	42.91%	41.51%
Profit Margin	24.02%	23.18%	24.34%	26.08%	20.90%	25.86%
Free Cash Flow Margin	-	25.66%	11.50%	22.78%	47.01%	51.68%
EBITDA	116.94	112.02	105.41	97.66	91.29	84.12
EBITDA Margin	42.67%	43.29%	43.25%	44.02%	44.83%	43.38%
D&A For EBITDA	6.48	6.21	5.66	4.3	3.91	3.63
EBIT	110.46	105.81	99.75	93.36	87.37	80.49
EBIT Margin	40.30%	40.89%	40.93%	42.08%	42.91%	41.51%
Effective Tax Rate	30.01%	32.77%	32.40%	30.95%	33.91%	31.07%
Revenue as Reported	273.82	258.78	243.7	222.11	203.62	193.9

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