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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 Cash Flow Statement

Millions MAD. Fiscal year is Jan - Dec.

Operating Activities

Fiscal Year
FY 2025FY 2024FY 2023FY 2022FY 2021
Period Ending
Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Net Income
1,377914.16970.2905.081,197
Depreciation & Amortization
2,163223.88222.53224.72214.45
Other Operating Activities
-1,80053.1-21.3316.1511.38
Change in Other Net Operating Assets
124.5273.64192.03-640.8155.19
Operating Cash Flow
1,8651,2651,363505.141,578
Operating Cash Flow Growth
47.49%-7.23%169.91%-67.99%20.63%

Investing Activities

Fiscal Year
FY 2025FY 2024FY 2023FY 2022FY 2021
Period Ending
Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Capital Expenditures
-2,728-184.18-161.03-366.73-271.13
Sale of Property, Plant & Equipment
12030.062.9419.4563.37
Cash Acquisitions
----7.11-16.54
Investment in Securities
57.94-0.810.17-1.55-9.71
Other Investing Activities
----0
Investing Cash Flow
-2,550-154.94-157.92-355.94-234.02

Financing Activities

Fiscal Year
FY 2025FY 2024FY 2023FY 2022FY 2021
Period Ending
Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Long-Term Debt Issued
2,369----
Long-Term Debt Repaid
---0.41-1.83-1.71
Net Debt Issued (Repaid)
2,369--0.41-1.83-1.71
Common Dividends Paid
-866.16-1,011-866.16-1,371-1,444
Other Financing Activities
-16.98-13.8-15.4-20.81-17.55
Financing Cash Flow
1,486-1,024-881.97-1,394-1,463

Net Cash Flow

Fiscal Year
FY 2025FY 2024FY 2023FY 2022FY 2021
Period Ending
Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Miscellaneous Cash Flow Adjustments
--0-0-
Net Cash Flow
801.2685.53323.53-1,245-118.8

Free Cash Flow

Fiscal Year
FY 2025FY 2024FY 2023FY 2022FY 2021
Period Ending
Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Free Cash Flow
-862.231,0811,202138.421,307
Free Cash Flow Growth
--10.13%768.69%-89.41%8.36%
Free Cash Flow Margin
-15.79%24.63%27.75%3.40%31.52%
Free Cash Flow Per Share
-59.7374.8683.299.5990.53
Levered Free Cash Flow
552.061,1601,08220.121,108
Unlevered Free Cash Flow
586.911,1611,08422.471,111

Additional Metrics

Fiscal Year
FY 2025FY 2024FY 2023FY 2022FY 2021
Period Ending
Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Change in Working Capital
124.5273.64192.03-640.8155.19