Akdital S.A 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
Revenue	4,413	2,954	1,907	1,035	767.62
Revenue Growth (YoY)	49.40%	54.88%	84.32%	34.80%	51.36%
Cost of Revenue	3,156	2,065	1,368	734.35	577.04
Gross Profit	1,257	888.66	538.88	300.43	190.58
Amortization of Goodwill & Intangibles	11.31	2.3	1.24	1.27	1.47
Other Operating Expenses	449.52	369.41	210.77	123.53	79.18
Operating Expenses	460.83	371.71	212.01	124.8	80.65
Operating Income	796.44	516.95	326.86	175.63	109.93
Interest Expense	-118.09	-62.91	-40.39	-28.6	-28.25
Interest & Investment Income	17.49	5.37	5.58	3.8	1.28
Earnings From Equity Investments	-	-2	0.64	-3.4	-
Currency Exchange Gain (Loss)	-0.05	-0.07	0	0.11	-
Other Non Operating Income (Expenses)	-17.64	-1.59	7.53	4.17	-2.29
EBT Excluding Unusual Items	678.14	455.75	300.22	151.7	80.66
Gain (Loss) on Sale of Investments	446.76	126.03	1.6	-	-
Gain (Loss) on Sale of Assets	-423.4	-97.02	-0.96	-	-
Pretax Income	701.49	484.77	300.87	151.7	80.66
Income Tax Expense	207.16	137.22	103.07	53.13	34.27
Earnings From Continuing Operations	494.33	347.55	197.79	98.57	46.4
Minority Interest in Earnings	-50.65	-32.94	-23.11	-10.92	-2.9
Net Income	443.68	314.61	174.69	87.65	43.5
Net Income to Common	443.68	314.61	174.69	87.65	43.5
Net Income Growth	41.03%	80.10%	99.30%	101.52%	68.84%
Free Cash Flow	-2,066	-2,435	-758.76	-341.8	-434.03
Dividend Per Share	14.000	10.000	6.000	3.250	-
Dividend Growth	40.00%	66.67%	84.61%	-	-
Gross Margin	28.49%	30.08%	28.25%	29.03%	24.83%
Operating Margin	18.05%	17.50%	17.14%	16.97%	14.32%
Profit Margin	10.05%	10.65%	9.16%	8.47%	5.67%
Free Cash Flow Margin	-46.81%	-82.45%	-39.78%	-33.03%	-56.54%
EBITDA	812.84	838.73	538.43	276.25	191.01
EBITDA Margin	18.42%	28.39%	28.23%	26.70%	24.88%
D&A For EBITDA	16.4	321.78	211.57	100.63	81.08
EBIT	796.44	516.95	326.86	175.63	109.93
EBIT Margin	18.05%	17.50%	17.14%	16.97%	14.32%
Effective Tax Rate	29.53%	28.31%	34.26%	35.02%	42.48%
Revenue as Reported	4,413	2,954	1,907	1,035	767.95

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