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 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	4,503	4,145	3,475	2,749	1,765
Depreciation & Amortization	1,304	1,405	1,379	1,335	1,337
Gain (Loss) on Sale of Assets	-2,186	-1,854	-2,471	-1,173	-757.14
Gain (Loss) on Sale of Investments	-334.49	4,107	1,292	1,392	1,368
Total Asset Writedown	163.08	-106.94	149.9	-2.76	661.53
Change in Income Taxes	-5,318	-1,801	-1,337	-3,715	-1,115
Change in Other Net Operating Assets	6,385	-2,295	-12,746	-1,211	-6,162
Other Operating Activities	5,780	4,343	2,302	3,026	3,826
Operating Cash Flow	10,337	7,952	-7,955	2,401	923.27
Operating Cash Flow Growth	30.00%	-	-	160.06%	-85.98%
Capital Expenditures	-1,620	-1,583	-1,788	-1,456	-1,126
Investment in Securities	-31.14	476.19	3,081	-8,818	1,066
Income (Loss) Equity Investments	39.79	9.28	1.54	0.47	1.12
Investing Cash Flow	-588.26	-544.64	1,894	-10,418	30.02
Issuance of Common Stock	-	-	-	-	278.21
Other Financing Activities	-1,639	-1,132	-319.76	2,423	1,609
Financing Cash Flow	-1,639	-1,132	-319.76	2,423	1,887
Foreign Exchange Rate Adjustments	-47.42	-234.01	-392.62	774.67	-251.97
Net Cash Flow	8,063	6,041	-6,773	-4,819	2,588
Free Cash Flow	8,718	6,369	-9,743	945.07	-202.47
Free Cash Flow Growth	36.87%	-	-	-	-
Free Cash Flow Margin	40.32%	32.82%	-55.88%	5.79%	-1.39%
Free Cash Flow Per Share	42.88	31.33	-47.91	4.65	-1.00
Cash Income Tax Paid	5,318	1,801	1,337	3,715	1,115