CFG Bank Cash Flow 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
Net Income	370.45	261.82	166.03	43.89	28.55
Depreciation & Amortization	70.56	62.87	55.85	54.85	53.36
Gain (Loss) on Sale of Assets	3.79	21.91	-11.84	-3.66	0.44
Gain (Loss) on Sale of Investments	8.42	-15.55	-27.52	18.39	-0.04
Change in Income Taxes	-122.28	-45.48	-24.51	-27.62	-17.83
Change in Other Net Operating Assets	-926.12	613.1	-512.36	157.98	263.21
Other Operating Activities	240.39	107.51	44.55	67.25	56
Operating Cash Flow	-354.8	1,006	-309.81	311.08	383.69
Operating Cash Flow Growth	-	-	-	-18.92%	-
Capital Expenditures	-398.25	-217.79	-271.96	-317.52	-
Sale of Property, Plant and Equipment	-	-	-	-	31.62
Investment in Securities	-15.33	0.28	-1.8	-	-467.25
Investing Cash Flow	-413.58	-217.51	-273.76	-317.52	-435.63
Other Financing Activities	872.07	-166.22	648.04	-44.02	265.09
Financing Cash Flow	872.07	-166.22	648.04	-44.02	265.09
Net Cash Flow	103.69	622.45	64.47	-50.46	213.15
Free Cash Flow	-753.05	788.4	-581.77	-6.44	383.69
Free Cash Flow Margin	-64.10%	88.13%	-92.64%	-1.38%	96.94%
Free Cash Flow Per Share	-22.14	23.94	-17.77	-0.28	75.39
Cash Income Tax Paid	122.28	45.48	24.51	27.62	17.83

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Banks template. Financial Sources.