Crédit du Maroc S.A. (CBSE:CDM)

Morocco · Delayed Price · Currency is MAD

905.00

-13.00 (-1.42%)

At close: Oct 30, 2026

Crédit du Maroc Financials Overview

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

Millions MAD. Fiscal year is Jan - Dec.

Revenue & Profits

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 2026	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
Revenue	3,430	3,196	2,899	2,477	2,243	2,393
Revenue Growth	11.96%	10.27%	17.01%	10.43%	-6.24%	44.17%
Net Income	950.1	863.55	740.95	503.09	404.29	627.39
Earnings Per Share	87.31	79.36	68.09	46.23	37.15	57.66
EPS Growth	19.47%	16.55%	47.28%	24.44%	-35.57%	229.67%

Revenue by Segment

Fiscal Year	FY 2025
Period Ending	Dec '25 Dec 31, 2025
Moroccan and International Bank	3,532
Specialized Finance Companies	116.79
Eliminations	-80.85
Total	3,568

Cash & Debt

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 2026	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 & Investments	6,587	11,462	9,721	7,922	6,968	7,394
Total Debt	11,002	11,029	6,259	5,892	5,849	5,069
Net Cash (Debt)	-4,415	433.42	3,462	2,031	1,119	2,325
Net Cash Growth	-	-87.48%	70.50%	81.51%	-51.89%	-
Net Cash Per Share	-405.72	39.83	318.15	186.59	102.79	213.69

Cash Flow & CapEx

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 2026	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 Cash Flow	1,085	730.5	1,916	-2,289	-291.27	1,673
Capital Expenditures	-371.27	-397.68	-372.09	-441.63	-379.09	-365.74
Free Cash Flow	713.43	332.82	1,544	-2,731	-670.37	1,307
Free Cash Flow Growth	-	-78.44%	-	-	-	277.38%

Margins

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 2026	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
Profit Margin	27.70%	27.02%	25.56%	20.31%	18.02%	26.22%
FCF Margin	20.80%	10.41%	53.26%	-110.25%	-29.88%	54.65%

Dividends

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Nov '26 Nov 1, 2026	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
Dividend Per Share	48.000	48.000	41.700	34.200	27.000	25.900
Dividend Per Share Growth	15.11%	15.11%	21.93%	26.67%	4.25%	469.23%
Dividend Yield	5.30%	4.62%	4.48%	4.29%	4.50%	4.32%

Valuation

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Nov '26 Nov 1, 2026	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
PE Ratio	10.37	13.09	13.66	17.24	16.15	10.41
Forward PE	10.59	12.22	14.10	16.64	10.67	15.82
P/FCF Ratio	14.75	33.97	6.55	-	-	4.99
PS Ratio	3.07	3.54	3.49	3.50	2.91	2.73