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	2015 - 2019
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	2015 - 2019
Net Income	4,145	3,475	2,749	1,765	1,229	Upgrade
Depreciation & Amortization	1,405	1,379	1,335	1,337	1,460	Upgrade
Gain (Loss) on Sale of Assets	-1,854	-2,471	-1,173	-757.14	-870.68	Upgrade
Gain (Loss) on Sale of Investments	4,107	1,292	1,392	1,368	4,365	Upgrade
Total Asset Writedown	-106.94	149.9	-2.76	661.53	-32.36	Upgrade
Change in Income Taxes	-1,801	-1,337	-3,715	-1,115	-1,413	Upgrade
Change in Other Net Operating Assets	-2,295	-12,746	-1,211	-6,162	153.22	Upgrade
Other Operating Activities	4,343	2,302	3,026	3,826	1,691	Upgrade
Operating Cash Flow	7,952	-7,955	2,401	923.27	6,586	Upgrade
Operating Cash Flow Growth	-	-	160.06%	-85.98%	-	Upgrade
Capital Expenditures	-1,583	-1,788	-1,456	-1,126	-1,215	Upgrade
Investment in Securities	476.19	3,081	-8,818	1,066	2,754	Upgrade
Income (Loss) Equity Investments	9.28	1.54	0.47	1.12	2.55	Upgrade
Investing Cash Flow	-544.64	1,894	-10,418	30.02	1,266	Upgrade
Issuance of Common Stock	-	-	-	278.21	-	Upgrade
Other Financing Activities	-1,132	-319.76	2,423	1,609	-1,733	Upgrade
Financing Cash Flow	-1,132	-319.76	2,423	1,887	-1,733	Upgrade
Foreign Exchange Rate Adjustments	-234.01	-392.62	774.67	-251.97	-150.66	Upgrade
Net Cash Flow	6,041	-6,773	-4,819	2,588	5,968	Upgrade
Free Cash Flow	6,369	-9,743	945.07	-202.47	5,371	Upgrade
Free Cash Flow Margin	32.82%	-55.88%	5.79%	-1.39%	40.82%	Upgrade
Free Cash Flow Per Share	31.33	-47.91	4.65	-1.00	26.57	Upgrade
Cash Income Tax Paid	1,801	1,337	3,715	1,115	1,413	Upgrade

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