Cash Plus Balance Sheet

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
Cash & Equivalents	204.25	209.4	152.06	69.21	58.95
Short-Term Investments	-	1,548	-	-	-
Trading Asset Securities	515.17	156.38	6.22	1.35	0.1
Cash & Short-Term Investments	719.42	1,913	158.27	70.56	59.05
Cash Growth	-62.40%	1108.97%	124.30%	19.50%	-
Other Receivables	425.08	393.49	292.27	139.5	103.3
Receivables	2,452	393.49	1,028	501.98	368.66
Prepaid Expenses	-	0.37	0.86	0.88	-
Other Current Assets	-	6.32	5.05	3.05	-
Total Current Assets	3,171	2,314	1,192	576.47	427.7
Property, Plant & Equipment	633.62	576.2	419.07	279.92	191.21
Goodwill	51.7	51.7	51.7	51.7	51.7
Other Intangible Assets	73.26	12.65	10.91	10.26	7.13
Long-Term Deferred Tax Assets	38.65	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	3,969	3,035	1,738	971.57	698.39
Accounts Payable	-	123.35	81.27	103.42	56.73
Accrued Expenses	1,801	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	30.72	44.84	40.17	30.13	34.2
Other Current Liabilities	118.38	64.98	141.05	-	-
Total Current Liabilities	1,951	393.19	358.08	186.55	112.9
Long-Term Debt	27.63	19.5	27.03	-	8.89
Long-Term Leases	-	509.14	356.74	249.7	133.31
Long-Term Deferred Tax Liabilities	0.77	1	0.69	0.84	0.67
Other Long-Term Liabilities	1,208	1,729	828.86	339.11	245.46
Total Liabilities	3,187	2,652	1,571	776.19	501.22
Common Stock	245.53	54.25	50	50	50
Retained Earnings	242.3	196.47	157.75	133.67	108.03
Comprehensive Income & Other	302.95	140.31	-40.92	11.71	39.14
Total Common Equity	790.78	391.03	166.83	195.38	197.17
Minority Interest	-9.38	-8.3	-0.2	-	-
Shareholders' Equity	781.39	382.73	166.63	195.38	197.17
Total Liabilities & Equity	3,969	3,035	1,738	971.57	698.39
Total Debt	27.63	574.97	426.89	267.95	142.3
Net Cash (Debt)	691.79	1,339	-268.62	-197.39	-83.25
Net Cash Growth	-48.32%	-	-	-	-
Net Cash Per Share	28.18	2467.31	-537.23	-394.77	-166.50
Filing Date Shares Outstanding	48.56	0.54	0.5	0.5	0.5
Total Common Shares Outstanding	48.56	0.54	0.5	0.5	0.5
Working Capital	1,221	1,920	834.21	389.92	314.81
Book Value Per Share	16.29	720.79	333.66	390.75	394.34
Tangible Book Value	665.82	326.68	104.22	133.41	138.33
Tangible Book Value Per Share	13.71	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.