Cartier Saada Balance Sheet

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
Cash & Equivalents	4.01	1.48	0.57	3.76	2.75	3.97
Cash & Short-Term Investments	4.01	1.48	0.57	3.76	2.75	3.97
Cash Growth	3.77%	160.06%	-84.91%	36.74%	-30.73%	324.96%
Accounts Receivable	62.95	73.93	73.8	51.96	71.33	37.07
Other Receivables	7.84	8.98	3.67	4.64	5.07	16.97
Receivables	70.78	82.91	77.47	56.6	76.4	54.04
Inventory	202.38	185.39	153.94	113.23	92.5	124.51
Other Current Assets	0.18	0.22	0.11	0.19	0.01	3.82
Total Current Assets	277.35	269.99	232.09	173.77	171.66	186.33
Property, Plant & Equipment	134.33	134.81	137.99	137.99	138.11	64.81
Long-Term Investments	0.2	0.2	0.2	0.2	0.2	4.57
Goodwill	-	-	-	-	-	0.36
Other Intangible Assets	0	0.01	0.02	0.04	0.08	0.14
Long-Term Deferred Charges	8.22	8.71	2.36	2.07	1.39	-
Other Long-Term Assets	0.13	0.13	0.13	0.13	0.13	0.13
Total Assets	420.24	413.85	372.79	314.2	311.57	256.33
Accounts Payable	71.45	47.48	33.11	28.3	34.67	29.59
Accrued Expenses	2.58	3.03	3.68	2.99	3.3	1.9
Short-Term Debt	166.27	180.27	150.77	100.08	91.31	90.81
Other Current Liabilities	1.34	0.97	0.48	0.71	2.11	0.39
Total Current Liabilities	241.64	231.75	188.04	132.08	131.4	122.69
Long-Term Debt	22.26	26.66	33.92	38.06	37.26	40.89
Total Liabilities	263.9	258.41	221.96	170.14	168.66	163.57
Common Stock	52.65	52.65	52.65	52.65	52.65	52.65
Additional Paid-In Capital	2.61	2.61	2.61	2.61	2.61	2.61
Retained Earnings	23.82	22.37	16.63	8.7	6.39	31.92
Comprehensive Income & Other	77.26	77.81	78.94	80.1	81.26	5.58
Shareholders' Equity	156.34	155.43	150.83	144.06	142.91	92.76
Total Liabilities & Equity	420.24	413.85	372.79	314.2	311.57	256.33
Total Debt	188.53	206.93	184.69	138.14	128.57	131.7
Net Cash (Debt)	-184.51	-205.45	-184.12	-134.38	-125.82	-127.73
Net Cash Per Share	-35.05	-39.04	-35.06	-25.57	-23.90	-23.93
Filing Date Shares Outstanding	5.27	5.27	5.27	5.27	5.27	5.27
Total Common Shares Outstanding	5.27	5.27	5.27	5.27	5.27	5.27
Working Capital	35.71	38.24	44.05	41.69	40.26	63.64
Book Value Per Share	29.69	29.52	28.65	27.36	27.14	17.62
Tangible Book Value	156.34	155.43	150.81	144.02	142.83	92.26
Tangible Book Value Per Share	29.69	29.52	28.64	27.35	27.13	17.52
Land	82.48	82.48	82.48	82.48	-	7.81
Buildings	39.03	38.87	37.88	37.76	-	37.4
Machinery	128.15	125.81	124.09	118.68	-	113.86
Construction In Progress	-	-	-	-	-	0.1

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