Cartier Saada Income Statement

Financials in millions MAD. Fiscal year is April - March.

Millions MAD. Fiscal year is Apr - Mar.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep '25 Sep 30, 2025	Mar '25 Mar 31, 2025	Mar '24 Mar 31, 2024	Mar '23 Mar 31, 2023	Mar '22 Mar 31, 2022	Mar '21 Mar 31, 2021
Revenue	297.43	296.69	253.44	244.9	235.33	156.72
Revenue Growth (YoY)	9.54%	17.07%	3.49%	4.07%	50.16%	-27.52%
Cost of Revenue	226	227.06	191.22	190.46	198.38	121.88
Gross Profit	71.43	69.64	62.22	54.43	36.94	34.84
Selling, General & Admin	47.29	45.07	40.49	43.7	40.63	18.66
Other Operating Expenses	8.25	7.62	7.47	0.17	14.83	28.48
Operating Expenses	55.54	52.69	47.96	43.87	55.46	47.15
Operating Income	15.9	16.95	14.26	10.56	-18.52	-12.31
Interest Expense	-11.29	-10.07	-7.74	-6.13	-5.49	-4.52
Earnings From Equity Investments	0.01	0.01	0.01	0.01	0.33	-
Currency Exchange Gain (Loss)	-2.2	-2.1	-0.4	-2.47	0.77	-
Other Non Operating Income (Expenses)	-0.23	-0.17	0.6	-0.18	0.32	-
EBT Excluding Unusual Items	2.19	4.61	6.74	1.79	-22.59	-16.84
Gain (Loss) on Sale of Assets	2.93	2.94	0.13	0.04	5.17	-
Asset Writedown	-	-	-	-	-5.02	-
Other Unusual Items	-1.37	-1.06	1.7	1.73	-1.85	1.77
Pretax Income	3.75	6.49	8.57	3.56	-24.3	-15.06
Income Tax Expense	0.76	0.75	0.64	1.24	1.23	0.95
Net Income	2.99	5.74	7.93	2.31	-25.52	-16.01
Net Income to Common	2.99	5.74	7.93	2.31	-25.52	-16.01
Net Income Growth	-65.09%	-27.66%	243.01%	-	-	-
Shares Outstanding (Basic)	5	5	5	5	5	5
Shares Outstanding (Diluted)	5	5	5	5	5	5
Shares Change (YoY)	-	0.21%	-0.05%	-0.20%	-1.34%	-9.00%
EPS (Basic)	0.57	1.09	1.51	0.44	-4.85	-3.00
EPS (Diluted)	0.57	1.09	1.51	0.44	-4.85	-3.00
EPS Growth	-65.09%	-27.82%	243.18%	-	-	-
Free Cash Flow	34.35	6.85	8.62	3.26	-98.27	-11.75
Free Cash Flow Per Share	6.52	1.30	1.64	0.62	-18.66	-2.20
Gross Margin	24.02%	23.47%	24.55%	22.23%	15.70%	22.23%
Operating Margin	5.34%	5.71%	5.63%	4.31%	-7.87%	-7.86%
Profit Margin	1.01%	1.93%	3.13%	0.94%	-10.85%	-10.22%
Free Cash Flow Margin	11.55%	2.31%	3.40%	1.33%	-41.76%	-7.50%
EBITDA	21.99	22.85	19.8	16.27	-13.06	-2.52
EBITDA Margin	7.39%	7.70%	7.81%	6.64%	-5.55%	-1.61%
D&A For EBITDA	6.09	5.91	5.54	5.71	5.46	9.79
EBIT	15.9	16.95	14.26	10.56	-18.52	-12.31
EBIT Margin	5.34%	5.71%	5.63%	4.31%	-7.87%	-7.86%
Effective Tax Rate	20.20%	11.63%	7.49%	34.99%	-	-
Revenue as Reported	348.47	325.74	298.02	267.37	202.92	-

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.