Cash Plus Balance Sheet

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
Cash & Equivalents	169.84	209.4	152.06	69.21	58.95
Short-Term Investments	-	1,548	-	-	-
Trading Asset Securities	146.48	156.38	6.22	1.35	0.1
Cash & Short-Term Investments	316.32	1,913	158.27	70.56	59.05
Cash Growth	13.13%	1108.97%	124.30%	19.50%	-
Other Receivables	362.63	393.49	292.27	139.5	103.3
Receivables	2,003	393.49	1,028	501.98	368.66
Prepaid Expenses	4.43	0.37	0.86	0.88	-
Other Current Assets	6.49	6.32	5.05	3.05	-
Total Current Assets	2,330	2,314	1,192	576.47	427.7
Property, Plant & Equipment	667.61	576.2	419.07	279.92	191.21
Goodwill	51.7	51.7	51.7	51.7	51.7
Other Intangible Assets	66.74	12.65	10.91	10.26	7.13
Long-Term Deferred Tax Assets	35.67	29.26	18.76	14.95	-4.89
Long-Term Deferred Charges	-	51.55	45.3	38.09	25.54
Other Long-Term Assets	-	-	-0	0.17	-
Total Assets	3,152	3,035	1,738	971.57	698.39
Accounts Payable	112.67	123.35	81.27	103.42	56.73
Accrued Expenses	88.09	113.7	52.47	34.75	21.87
Short-Term Debt	-	-	-	3.3	0.1
Current Portion of Long-Term Debt	-	7.56	7.54	4.56	-
Current Portion of Leases	-	38.76	35.58	10.4	-
Current Income Taxes Payable	12.1	44.84	40.17	30.13	34.2
Other Current Liabilities	277.84	64.98	141.05	-	-
Total Current Liabilities	490.7	393.19	358.08	186.55	112.9
Long-Term Debt	30.01	19.5	27.03	-	8.89
Long-Term Leases	642.09	509.14	356.74	249.7	133.31
Long-Term Deferred Tax Liabilities	1.08	1	0.69	0.84	0.67
Other Long-Term Liabilities	1,696	1,729	828.86	339.11	245.46
Total Liabilities	2,860	2,652	1,571	776.19	501.22
Common Stock	54.25	54.25	50	50	50
Retained Earnings	127.46	196.47	157.75	133.67	108.03
Comprehensive Income & Other	118.26	140.31	-40.92	11.71	39.14
Total Common Equity	299.97	391.03	166.83	195.38	197.17
Minority Interest	-8.77	-8.3	-0.2	-	-
Shareholders' Equity	291.2	382.73	166.63	195.38	197.17
Total Liabilities & Equity	3,152	3,035	1,738	971.57	698.39
Total Debt	672.1	574.97	426.89	267.95	142.3
Net Cash (Debt)	-355.79	1,339	-268.62	-197.39	-83.25
Net Cash Per Share	-655.39	2467.31	-537.23	-394.77	-166.50
Filing Date Shares Outstanding	2.26	0.54	0.5	0.5	0.5
Total Common Shares Outstanding	0.54	0.54	0.5	0.5	0.5
Working Capital	1,839	1,920	834.21	389.92	314.81
Book Value Per Share	552.94	720.79	333.66	390.75	394.34
Tangible Book Value	181.52	326.68	104.22	133.41	138.33
Tangible Book Value Per Share	334.61	602.17	208.44	266.82	276.67
Buildings	-	-	103.62	-	7.15
Machinery	-	160.98	32.28	-	22.87

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