Cash Plus Income Statement

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

Millions MAD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '25 Jun 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Operating Revenue	1,125	1,059	755.64	679.25	587.04
Other Revenue	566.05	530.66	307.54	215.97	157.63
Revenue	1,691	1,589	1,063	895.22	744.68
Revenue Growth (YoY)	44.33%	49.47%	18.76%	20.22%	-
Cost of Revenue	573.35	563.55	401.47	377.73	340.86
Gross Profit	1,118	1,026	661.71	517.49	403.81
Selling, General & Admin	289.41	294.87	184.83	170.65	105.17
Other Operating Expenses	309.13	275.21	132.38	74.26	74.41
Operating Expenses	661.89	626.67	361.3	276.72	206.46
Operating Income	456.18	398.93	300.41	240.77	197.35
Interest Expense	-30.91	-27.84	-18.1	-11.35	-
Interest & Investment Income	5.62	5.62	-	1.2	1.18
Other Non Operating Income (Expenses)	-5.1	-8.14	-1.03	1.12	-5.79
Pretax Income	425.78	368.57	281.28	231.74	192.74
Income Tax Expense	191.89	173.77	123.58	98.07	84.71
Earnings From Continuing Operations	233.89	194.8	157.71	133.67	108.03
Minority Interest in Earnings	1.2	1.67	0.05	-	-
Net Income	235.09	196.47	157.75	133.67	108.03
Net Income to Common	235.09	196.47	157.75	133.67	108.03
Net Income Growth	45.56%	24.54%	18.02%	23.73%	-
Shares Outstanding (Basic)	1	1	1	1	1
Shares Outstanding (Diluted)	1	1	1	1	1
Shares Change (YoY)	6.36%	8.50%	-	-	-
EPS (Basic)	433.07	362.15	315.51	267.34	216.06
EPS (Diluted)	433.06	362.15	315.51	267.34	216.06
EPS Growth	36.86%	14.78%	18.02%	23.73%	-
Free Cash Flow	-	946.09	510.92	102.01	175.55
Free Cash Flow Per Share	-	1743.93	1021.84	204.02	351.10
Gross Margin	66.10%	64.54%	62.24%	57.81%	54.23%
Operating Margin	26.97%	25.10%	28.26%	26.90%	26.50%
Profit Margin	13.90%	12.36%	14.84%	14.93%	14.51%
Free Cash Flow Margin	-	59.53%	48.06%	11.39%	23.57%
EBITDA	474.29	410.29	322.74	248.35	209.09
EBITDA Margin	28.04%	25.82%	30.36%	27.74%	28.08%
D&A For EBITDA	18.11	11.35	22.32	7.58	11.74
EBIT	456.18	398.93	300.41	240.77	197.35
EBIT Margin	26.97%	25.10%	28.26%	26.90%	26.50%
Effective Tax Rate	45.07%	47.15%	43.93%	42.32%	43.95%
Advertising Expenses	-	25.46	12.45	23.06	10.63

Source: S&P Global Market Intelligence. Standard template. Financial Sources.