Banque Centrale Populaire Cash Flow Statement

Financials in millions MAD. Fiscal year is January - December.

Millions MAD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	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
Net Income	4,145	3,475	2,749	1,765	1,229
Depreciation & Amortization	1,405	1,379	1,335	1,337	1,460
Gain (Loss) on Sale of Assets	-1,854	-2,471	-1,173	-757.14	-870.68
Gain (Loss) on Sale of Investments	4,107	1,292	1,392	1,368	4,365
Total Asset Writedown	-106.94	149.9	-2.76	661.53	-32.36
Change in Income Taxes	-1,801	-1,337	-3,715	-1,115	-1,413
Change in Other Net Operating Assets	-2,295	-12,746	-1,211	-6,162	153.22
Other Operating Activities	4,343	2,302	3,026	3,826	1,691
Operating Cash Flow	7,952	-7,955	2,401	923.27	6,586
Operating Cash Flow Growth	-	-	160.06%	-85.98%	-
Capital Expenditures	-1,583	-1,788	-1,456	-1,126	-1,215
Investment in Securities	476.19	3,081	-8,818	1,066	2,754
Income (Loss) Equity Investments	9.28	1.54	0.47	1.12	2.55
Investing Cash Flow	-544.64	1,894	-10,418	30.02	1,266
Issuance of Common Stock	-	-	-	278.21	-
Other Financing Activities	-1,132	-319.76	2,423	1,609	-1,733
Financing Cash Flow	-1,132	-319.76	2,423	1,887	-1,733
Foreign Exchange Rate Adjustments	-234.01	-392.62	774.67	-251.97	-150.66
Net Cash Flow	6,041	-6,773	-4,819	2,588	5,968
Free Cash Flow	6,369	-9,743	945.07	-202.47	5,371
Free Cash Flow Margin	32.82%	-55.88%	5.79%	-1.39%	40.82%
Free Cash Flow Per Share	31.33	-47.91	4.65	-1.00	26.57
Cash Income Tax Paid	1,801	1,337	3,715	1,115	1,413

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Banks template. Financial Sources.