Cash Plus Income 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
Operating Revenue	1,215	1,059	755.64	679.25	587.04
Other Revenue	582.79	530.66	307.54	215.97	157.63
Revenue	1,798	1,589	1,063	895.22	744.68
Revenue Growth (YoY)	13.14%	49.47%	18.76%	20.22%	-
Cost of Revenue	608.07	563.55	401.47	377.73	340.86
Gross Profit	1,190	1,026	661.71	517.49	403.81
Selling, General & Admin	334.08	294.87	184.83	170.65	105.17
Other Operating Expenses	308.7	275.21	132.38	74.26	74.41
Operating Expenses	711.46	626.67	361.3	276.72	206.46
Operating Income	478.48	398.93	300.41	240.77	197.35
Interest Expense	-28.02	-27.84	-18.1	-11.35	-
Interest & Investment Income	-	5.62	-	1.2	1.18
Other Non Operating Income (Expenses)	1.57	-8.14	-1.03	1.12	-5.79
Pretax Income	452.03	368.57	281.28	231.74	192.74
Income Tax Expense	210.75	173.77	123.58	98.07	84.71
Earnings From Continuing Operations	241.28	194.8	157.71	133.67	108.03
Minority Interest in Earnings	1.01	1.67	0.05	-	-
Net Income	242.3	196.47	157.75	133.67	108.03
Net Income to Common	242.3	196.47	157.75	133.67	108.03
Net Income Growth	23.33%	24.54%	18.02%	23.73%	-
Shares Outstanding (Basic)	25	1	1	1	1
Shares Outstanding (Diluted)	25	1	1	1	1
Shares Change (YoY)	4425.11%	8.50%	-	-	-
EPS (Basic)	9.87	362.15	315.51	267.34	216.06
EPS (Diluted)	9.87	362.15	315.51	267.34	216.06
EPS Growth	-97.28%	14.78%	18.02%	23.73%	-
Free Cash Flow	292.48	946.09	510.92	102.01	175.55
Free Cash Flow Per Share	11.91	1743.93	1021.84	204.02	351.10
Gross Margin	66.18%	64.54%	62.24%	57.81%	54.23%
Operating Margin	26.61%	25.10%	28.26%	26.90%	26.50%
Profit Margin	13.48%	12.36%	14.84%	14.93%	14.51%
Free Cash Flow Margin	16.27%	59.53%	48.06%	11.39%	23.57%
EBITDA	547.16	410.29	322.74	248.35	209.09
EBITDA Margin	30.43%	25.82%	30.36%	27.74%	28.08%
D&A For EBITDA	68.68	11.35	22.32	7.58	11.74
EBIT	478.48	398.93	300.41	240.77	197.35
EBIT Margin	26.61%	25.10%	28.26%	26.90%	26.50%
Effective Tax Rate	46.62%	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.