Aluminium Du Maroc 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	1,305	1,243	1,270	1,419	1,172
Revenue Growth (YoY)	4.94%	-2.09%	-10.49%	21.05%	29.14%
Cost of Revenue	922.42	880.13	939.65	1,069	797.7
Gross Profit	382.49	363.32	330.36	349.6	374.4
Selling, General & Admin	205.2	212.54	204.02	194.17	204.3
Amortization of Goodwill & Intangibles	0.07	0.07	0.07	0.07	0.4
Other Operating Expenses	38.79	41.06	42.13	32.76	42.4
Operating Expenses	244.05	253.67	246.22	227	247.1
Operating Income	138.44	109.66	84.15	122.6	127.3
Interest Expense	-27.8	-33.45	-37.34	-76.45	-55.3
Earnings From Equity Investments	-5.19	-5.71	-16.17	-15.96	-25.6
Other Non Operating Income (Expenses)	-	-0	0	-	-0.1
EBT Excluding Unusual Items	105.45	70.51	30.63	30.19	46.3
Other Unusual Items	-8.51	-7.42	-1.36	-9.63	1.7
Pretax Income	96.95	63.09	29.28	20.56	48
Income Tax Expense	30.66	21.74	20.05	13.01	27.2
Earnings From Continuing Operations	66.29	41.34	9.23	7.55	20.8
Minority Interest in Earnings	-3.88	-4.5	-2.56	-3.07	-2.6
Net Income	62.41	36.84	6.67	4.48	18.2
Net Income to Common	62.41	36.84	6.67	4.48	18.2
Net Income Growth	69.40%	451.96%	48.98%	-75.39%	-
Shares Outstanding (Basic)	-	0	0	0	-
Shares Outstanding (Diluted)	-	0	0	0	-
EPS (Basic)	-	79.06	14.32	9.61	-
EPS (Diluted)	-	79.06	14.32	9.61	-
EPS Growth	-	451.96%	48.98%	-	-
Free Cash Flow	73.21	-13.8	250.8	-145.6	-80
Free Cash Flow Per Share	-	-29.62	538.25	-312.48	-
Dividend Per Share	-	100.000	90.000	70.000	-
Dividend Growth	-	11.11%	28.57%	-	-
Gross Margin	29.31%	29.22%	26.01%	24.64%	31.94%
Operating Margin	10.61%	8.82%	6.63%	8.64%	10.86%
Profit Margin	4.78%	2.96%	0.53%	0.32%	1.55%
Free Cash Flow Margin	5.61%	-1.11%	19.75%	-10.26%	-6.83%
EBITDA	138.5	109.73	84.21	122.67	127.7
EBITDA Margin	10.61%	8.82%	6.63%	8.65%	10.90%
D&A For EBITDA	0.07	0.07	0.07	0.07	0.4
EBIT	138.44	109.66	84.15	122.6	127.3
EBIT Margin	10.61%	8.82%	6.63%	8.64%	10.86%
Effective Tax Rate	31.63%	34.47%	68.47%	63.28%	56.67%

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