Attijariwafa bank Cash Flow 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
Net Income	10,645	9,504	7,508	6,103	5,144
Depreciation & Amortization	1,512	1,428	1,437	1,597	1,586
Gain (Loss) on Sale of Assets	-382.19	-535.21	-247.15	-136.18	-24.75
Gain (Loss) on Sale of Investments	545.5	376.67	-	1.16	1.22
Change in Income Taxes	-6,338	-5,193	-4,201	-3,270	-3,013
Change in Other Net Operating Assets	-8,259	22,694	9,925	9,846	-2,171
Other Operating Activities	9,033	7,750	8,278	8,161	5,990
Operating Cash Flow	6,168	36,012	22,691	22,295	7,524
Operating Cash Flow Growth	-82.87%	58.71%	1.77%	196.31%	21.95%
Capital Expenditures	-3,541	-2,290	-1,709	-1,045	-1,352
Investment in Securities	-6,248	-7,837	-4,272	-8,864	372.75
Income (Loss) Equity Investments	-587.99	-12.58	-9.5	-5.59	11.43
Other Investing Activities	-	-	-	-	0
Investing Cash Flow	-9,799	-9,988	-5,875	-10,061	-965.99
Common Dividends Paid	-	-	-	-3,154	-2,328
Other Financing Activities	-4,540	-3,446	-8,113	-3,634	1,674
Financing Cash Flow	-4,540	-3,446	-8,113	-6,788	-653.71
Foreign Exchange Rate Adjustments	171.92	-2,144	-1,385	43.78	-262.63
Net Cash Flow	-7,999	20,434	7,318	5,490	5,642
Free Cash Flow	2,627	33,722	20,982	21,250	6,172
Free Cash Flow Growth	-92.21%	60.72%	-1.26%	244.30%	0.04%
Free Cash Flow Margin	8.39%	110.86%	80.82%	93.73%	29.77%
Free Cash Flow Per Share	12.21	156.75	97.54	98.79	28.69
Cash Income Tax Paid	-	5,193	4,201	3,270	3,013

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Banks template. Financial Sources.