Aradei Capital S.A. (CBSE:ARD)
Morocco · Delayed Price · Currency is MAD 433.90
+8.70 (2.05%)
At close: Oct 9, 2026
Aradei Capital Cash Flow Statement
Financials in millions MAD. Fiscal year is January - December.
Millions MAD. Fiscal year is Jan - Dec.
Operating Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | 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 |
Net Income | 491.02 | 534.41 | 297.45 | 271.57 | 227.05 | 344.07 |
Depreciation & Amortization | 20.06 | 5.86 | 6.56 | 4.1 | 4.11 | 4.21 |
Other Amortization | 125.99 | 123.8 | 128.96 | 124.85 | 112.16 | 81.19 |
Gain (Loss) on Sale of Assets | -3.81 | -1.72 | -1.02 | -67.37 | -2.27 | - |
Asset Writedown | -248.53 | -288.66 | -102.62 | -6.86 | -104.66 | -212.8 |
Change in Accounts Receivable | 53.49 | 53.49 | 207.46 | 110.62 | -200.12 | 6.94 |
Change in Accounts Payable | 65.72 | 65.72 | -51.27 | -11 | 72.19 | -66.26 |
Change in Other Net Operating Assets | -38.37 | -107.2 | -28.7 | 28.09 | -41.68 | -41.85 |
Other Operating Activities | 27.05 | 39.75 | 37.27 | 60.09 | 85.06 | 77.22 |
Operating Cash Flow | 485.24 | 418.06 | 470.34 | 496.09 | 154.52 | 180.67 |
Operating Cash Flow Growth | -11.28% | -11.12% | -5.19% | 221.05% | -14.47% | 53.72% |
Investing Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | 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 |
Acquisition of Real Estate Assets | -379.72 | -300.31 | -395.03 | -473.18 | -745.98 | -690.62 |
Sale of Real Estate Assets | 14.66 | 7.1 | 40.85 | 90.01 | 133.71 | 0.12 |
Net Sale / Acq. of Real Estate Assets | -365.06 | -293.21 | -354.18 | -383.17 | -612.28 | -690.5 |
Cash Acquisition | - | - | -248.58 | -0.01 | 7.33 | -5.3 |
Investment in Marketable & Equity Securities | 1.31 | 1.67 | - | 0.24 | 0.16 | 0.03 |
Other Investing Activities | 15.58 | 19.82 | 20.99 | 14.17 | 2.33 | 8.62 |
Investing Cash Flow | -348.04 | -271.65 | -583.86 | -369.16 | -602.94 | -687.15 |
Financing Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | 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 |
Short-Term Debt Issued | - | 350 | - | - | 275 | - |
Long-Term Debt Issued | - | 185.45 | 557.28 | 1,352 | 374.08 | 911.09 |
Total Debt Issued | 902.01 | 535.45 | 557.28 | 1,352 | 649.08 | 911.09 |
Short-Term Debt Repaid | - | - | -210 | -200 | - | -80 |
Long-Term Debt Repaid | - | -457.76 | -338.96 | -643.63 | -315.67 | -267.61 |
Total Debt Repaid | -529.84 | -457.76 | -548.96 | -843.63 | -315.67 | -347.61 |
Net Debt Issued (Repaid) | 372.17 | 77.69 | 8.32 | 508.06 | 333.41 | 563.48 |
Issuance of Common Stock | - | - | 650 | - | 250 | - |
Common Dividends Paid | -289.07 | -276.5 | -240.21 | -215.19 | -193.97 | -131.48 |
Other Financing Activities | -152.85 | -154.09 | -161.65 | -128.45 | -47.61 | -78.05 |
Net Cash Flow
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | 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 |
Miscellaneous Cash Flow Adjustments | - | - | - | 0 | 0 | - |
Net Cash Flow | 67.45 | -206.49 | 142.94 | 291.35 | -106.59 | -152.52 |
Free Cash Flow
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | 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 |
Levered Free Cash Flow | 424.46 | 347.63 | 43.07 | 439.52 | 410.29 | 206.96 |
Unlevered Free Cash Flow | 386.95 | 313.59 | 7.82 | 401.56 | 369.69 | 181.9 |
Additional Metrics
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | 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 |
Cash Interest Paid | 154.09 | 154.09 | 161.65 | 128.45 | 47.61 | 78.05 |
Cash Income Tax Paid | 52.79 | 52.79 | 85.05 | 48.69 | 38.35 | 12.93 |
Change in Working Capital | 73.45 | 4.62 | 103.74 | 109.71 | -166.92 | -113.22 |