Ciments du Maroc Société Anonyme (CBSE:CMA)
Morocco flag Morocco · Delayed Price · Currency is MAD
1,715.00
+35.00 (2.08%)
At close: Aug 10, 2026

CBSE:CMA Financials Overview

Millions MAD. Fiscal year is Jan - Dec.

Revenue & Profits

Fiscal YearTTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingDec '25 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Revenue
5,4595,4594,3874,3334,0684,146
Revenue Growth
18.92%24.44%1.23%6.52%-1.90%12.02%
Gross Profit
2,6902,6902,1602,0701,7822,138
Operating Income
2,0212,0211,5461,4171,3161,618
Net Income
1,3771,377914.16970.2905.081,197
Earnings Per Share
95.4295.4263.3367.2162.7082.92
EPS Growth
26.74%50.68%-5.78%7.19%-24.39%68.81%

Revenue by Segment

Fiscal YearTTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingDec '25 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Cement Activity
4,9274,9273,9593,9403,7913,809
Materials Activity
832.95832.95721.49650.92512.48558.53
Intra-Group
-300.89-300.89-293.94-257.48-236.08-221.5
Total
5,4595,4594,3874,3334,0684,146

Cash & Debt

Fiscal YearCurrentFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingDec '25 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Cash & Investments
1,6891,689859.71775.29404.061,510
Total Debt
2,5842,584186.55187.66140.373.28
Net Cash (Debt)
-894.27-894.27673.16587.63263.691,507
Net Cash Growth
--14.56%122.85%-82.50%-7.21%
Net Cash Per Share
-61.95-61.9546.6340.7118.27104.37

Cash Flow & CapEx

Fiscal YearTTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingDec '25 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Operating Cash Flow
1,8651,8651,2651,363505.141,578
Capital Expenditures
-2,728-2,728-184.18-161.03-366.73-271.13
Free Cash Flow
-862.23-862.231,0811,202138.421,307
Free Cash Flow Growth
---10.13%768.69%-89.41%8.36%

Margins

Fiscal YearTTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingDec '25 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Gross Margin
49.29%49.29%49.23%47.77%43.81%51.55%
Operating Margin
37.02%37.02%35.25%32.70%32.35%39.01%
Pretax Margin
36.09%36.09%32.77%32.22%31.41%40.51%
Profit Margin
25.23%25.23%20.84%22.39%22.25%28.87%
FCF Margin
-15.79%-15.79%24.63%27.75%3.40%31.52%

Dividends

Fiscal YearCurrentFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingAug '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Dividend Per Share
65.00065.00060.00060.00060.00095.000
Dividend Per Share Growth
8.33%8.33%0%0%-36.84%5.56%
Dividend Yield
3.79%3.65%3.41%3.97%5.43%6.15%

Valuation

Fiscal YearCurrentFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingAug '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
PE Ratio
17.9719.3929.6925.0020.4222.91
Forward PE
14.1720.9725.4125.6820.0227.66
P/FCF Ratio
--25.1220.17133.5020.99
PS Ratio
4.544.896.195.604.546.62