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 Income Statement
Financials in millions MAD. Fiscal year is January - December.
Millions MAD. Fiscal year is Jan - Dec.
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 |
Rental Revenue | 628.11 | 609.92 | 565.47 | 554.88 | 464.38 | 407.2 |
Other Revenue | 103.71 | 36.98 | 40.28 | 28.31 | 21.69 | 13.93 |
| 731.82 | 646.9 | 605.75 | 583.18 | 486.07 | 421.13 | |
Revenue Growth (YoY | 18.76% | 6.79% | 3.87% | 19.98% | 15.42% | 55.35% |
Property Expenses | 140.98 | 128.18 | 119.94 | 111.78 | 105.55 | 87 |
Depreciation & Amortization | 9.18 | 5.86 | 6.56 | 4.1 | 4.11 | 4.21 |
Other Operating Expenses | 114.43 | 46.06 | 50.35 | 27.45 | 21.36 | 38.88 |
Total Operating Expenses | 264.59 | 180.11 | 176.85 | 143.33 | 131.02 | 130.09 |
Operating Income | 467.23 | 466.79 | 428.9 | 439.85 | 355.05 | 291.04 |
Interest Expense | -141.57 | -143.62 | -149.95 | -139.02 | -114.49 | -89.81 |
Interest & Investment Income | 15.58 | 19.82 | 20.99 | 14.17 | 2.33 | 8.62 |
Currency Exchange Gain (Loss) | -0.28 | -0.28 | -0.22 | - | - | - |
Other Non-Operating Income | 9.24 | 14.78 | 17.63 | 10.99 | 22.49 | 10.12 |
EBT Excluding Unusual Items | 350.2 | 357.48 | 317.35 | 325.99 | 265.38 | 219.98 |
Gain (Loss) on Sale of Assets | -3.17 | -1.72 | -0.55 | 65.95 | 2.28 | - |
Asset Writedown | 248.53 | 288.66 | 102.62 | 6.86 | 104.66 | 212.8 |
Other Unusual Items | -20.12 | -20.06 | -13.93 | -15.41 | -24.13 | -16.18 |
Pretax Income | 575.44 | 624.37 | 405.5 | 383.4 | 348.2 | 416.6 |
Income Tax Expense | 84.42 | 89.95 | 108.05 | 102.35 | 86.06 | 72.53 |
Earnings From Continuing Operations | 491.02 | 534.41 | 297.45 | 281.05 | 262.13 | 344.07 |
Net Income to Company | 491.02 | 534.41 | 297.45 | 281.05 | 262.13 | 344.07 |
Minority Interest in Earnings | - | - | - | -9.48 | -35.08 | - |
Net Income | 491.02 | 534.41 | 297.45 | 271.57 | 227.05 | 344.07 |
Net Income to Common | 491.02 | 534.41 | 297.45 | 271.57 | 227.05 | 344.07 |
Net Income Growth | 53.40% | 79.66% | 9.53% | 19.61% | -34.01% | 1855.38% |
Basic Shares Outstanding | 13 | 13 | 13 | 11 | 11 | 11 |
Diluted Shares Outstanding | 13 | 13 | 13 | 11 | 11 | 11 |
Shares Change | -3.91% | 0.01% | 15.96% | -3.36% | 5.34% | -0.17% |
EPS (Basic) | 39.08 | 42.52 | 23.67 | 25.06 | 20.25 | 32.32 |
EPS (Diluted) | 39.08 | 42.52 | 23.67 | 25.06 | 20.25 | 32.32 |
EPS Growth | 59.64% | 79.64% | -5.55% | 23.77% | -37.35% | 1858.79% |
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 |
Dividend Per Share | 23.000 | 23.000 | 10.430 | 5.880 | 5.420 | 1.050 |
Dividend Growth | 120.52% | 120.52% | 77.38% | 8.49% | 416.19% | -73.75% |
Operating Margin | 63.84% | 72.16% | 70.80% | 75.42% | 73.05% | 69.11% |
Profit Margin | 67.10% | 82.61% | 49.10% | 46.57% | 46.71% | 81.70% |
EBITDA | 487.29 | 472.65 | 435.46 | 443.95 | 359.16 | 295.26 |
EBITDA Margin | 66.59% | 73.06% | 71.89% | 76.13% | 73.89% | 70.11% |
D&A For Ebitda | 20.06 | 5.86 | 6.56 | 4.1 | 4.11 | 4.21 |
EBIT | 467.23 | 466.79 | 428.9 | 439.85 | 355.05 | 291.04 |
EBIT Margin | 63.84% | 72.16% | 70.80% | 75.42% | 73.05% | 69.11% |
Funds From Operations (FFO) | 321.67 | 321.67 | 305.09 | 270 | 239.11 | 204.26 |
Adjusted Funds From Operations (AFFO) | - | 321.67 | 305.09 | 270 | 239.11 | 204.26 |
FFO Payout Ratio | 89.86% | 85.96% | 78.73% | 79.70% | 81.12% | 64.37% |
Effective Tax Rate | 14.67% | 14.41% | 26.65% | 26.69% | 24.72% | 17.41% |
Revenue as Reported | 731.82 | 646.9 | 605.75 | 583.18 | 486.07 | 421.13 |