Aradei Capital S.A. (CBSE:ARD)
Morocco · Delayed Price · Currency is MAD 448.90
-1.10 (-0.24%)
At close: Jan 30, 2026
Aradei Capital Income Statement
Financials in millions MAD. Fiscal year is January - December.
Millions MAD. Fiscal year is Jan - Dec.
Fiscal Year | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
Period Ending | Jun '25 Jun 30, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 | Dec '20 Dec 31, 2020 |
Rental Revenue | 578.51 | 565.47 | 554.88 | 464.38 | 407.2 | 263.63 |
Other Revenue | 37.71 | 40.28 | 28.31 | 21.69 | 13.93 | 7.44 |
| 616.22 | 605.75 | 583.18 | 486.07 | 421.13 | 271.08 | |
Revenue Growth (YoY | 5.17% | 3.87% | 19.98% | 15.42% | 55.35% | -5.73% |
Property Expenses | 124.8 | 119.94 | 111.78 | 105.55 | 87 | 39.89 |
Depreciation & Amortization | 6.68 | 6.56 | 4.1 | 4.11 | 4.21 | 4.66 |
Other Operating Expenses | 43.15 | 50.35 | 27.45 | 21.36 | 38.88 | 26.2 |
Total Operating Expenses | 174.62 | 176.85 | 143.33 | 131.02 | 130.09 | 70.75 |
Operating Income | 441.6 | 428.9 | 439.85 | 355.05 | 291.04 | 200.32 |
Interest Expense | -156.25 | -149.95 | -139.02 | -114.49 | -89.81 | -91.81 |
Interest & Investment Income | 20.89 | 20.99 | 14.17 | 2.33 | 8.62 | 5.89 |
Currency Exchange Gain (Loss) | -0.15 | -0.22 | 0.1 | - | - | - |
Other Non-Operating Income | 17.52 | 17.63 | 10.9 | 22.49 | 10.12 | 21.07 |
EBT Excluding Unusual Items | 323.61 | 317.35 | 325.99 | 265.38 | 219.98 | 135.48 |
Gain (Loss) on Sale of Assets | -0.87 | -0.55 | 65.95 | 2.28 | - | 0.02 |
Asset Writedown | 104.65 | 102.62 | 6.86 | 104.66 | 212.8 | -56.03 |
Other Unusual Items | -8.84 | -13.93 | -15.41 | -24.13 | -16.18 | -11.82 |
Pretax Income | 418.54 | 405.5 | 383.4 | 348.2 | 416.6 | 67.65 |
Income Tax Expense | 99.67 | 108.05 | 102.35 | 86.06 | 72.53 | 50.05 |
Earnings From Continuing Operations | 318.88 | 297.45 | 281.05 | 262.13 | 344.07 | 17.6 |
Net Income to Company | 318.88 | 297.45 | 281.05 | 262.13 | 344.07 | 17.6 |
Minority Interest in Earnings | 1.21 | - | -9.48 | -35.08 | - | - |
Net Income | 320.09 | 297.45 | 271.57 | 227.05 | 344.07 | 17.6 |
Net Income to Common | 320.09 | 297.45 | 271.57 | 227.05 | 344.07 | 17.6 |
Net Income Growth | 16.86% | 9.53% | 19.61% | -34.01% | 1855.38% | -91.77% |
Basic Shares Outstanding | 13 | 13 | 11 | 11 | 11 | 11 |
Diluted Shares Outstanding | 13 | 13 | 11 | 11 | 11 | 11 |
Shares Change (YoY) | 11.21% | 12.06% | - | 5.34% | -0.17% | 31.45% |
EPS (Basic) | 24.48 | 23.67 | 24.22 | 20.25 | 32.32 | 1.65 |
EPS (Diluted) | 24.48 | 23.67 | 24.22 | 20.25 | 32.32 | 1.65 |
EPS Growth | 5.08% | -2.26% | 19.61% | -37.35% | 1858.79% | -93.74% |
Dividend Per Share | 10.430 | 10.430 | 5.880 | 5.420 | 1.050 | 4.000 |
Dividend Growth | 77.38% | 77.38% | 8.49% | 416.19% | -73.75% | - |
Operating Margin | 71.66% | 70.80% | 75.42% | 73.05% | 69.11% | 73.90% |
Profit Margin | 51.94% | 49.10% | 46.57% | 46.71% | 81.70% | 6.49% |
EBITDA | 448.28 | 435.46 | 443.95 | 359.16 | 295.26 | 204.98 |
EBITDA Margin | 72.75% | 71.89% | 76.13% | 73.89% | 70.11% | 75.62% |
D&A For Ebitda | 6.68 | 6.56 | 4.1 | 4.11 | 4.21 | 4.66 |
EBIT | 441.6 | 428.9 | 439.85 | 355.05 | 291.04 | 200.32 |
EBIT Margin | 71.66% | 70.80% | 75.42% | 73.05% | 69.11% | 73.90% |
Funds From Operations (FFO) | 307.95 | 305.09 | 270 | 239.11 | 204.26 | 131.78 |
Adjusted Funds From Operations (AFFO) | - | 305.09 | 270 | 239.11 | 204.26 | 131.78 |
FFO Payout Ratio | 167.79% | 78.73% | 79.70% | 81.12% | 64.37% | 115.07% |
Effective Tax Rate | 23.81% | 26.65% | 26.69% | 24.72% | 17.41% | 73.99% |
Revenue as Reported | 616.22 | 605.75 | 583.18 | 486.07 | 421.13 | 271.08 |
Updated Jun 30, 2025. Source: S&P Global Market Intelligence. Real Estate template. Financial Sources.