Cosumar Cash Flow Statement

Financials in millions MAD. Fiscal year is January - December.

Millions MAD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun '25 Jun 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Net Income	826.2	850.4	1,009	825.9	763	809.8
Depreciation & Amortization	299.5	416.4	450.9	427	441.2	421.9
Asset Writedown & Restructuring Costs	14.1	-64.2	-62	-45.2	68.5	-9
Other Operating Activities	-84.9	-100.2	400.5	-40.9	101.1	80.5
Change in Other Net Operating Assets	-514.6	898.5	-1,326	-918	699.4	-623.6
Operating Cash Flow	540.3	2,001	472.7	248.8	2,073	679.6
Operating Cash Flow Growth	-49.88%	323.29%	89.99%	-88.00%	205.06%	-58.94%
Capital Expenditures	-204	-199.4	-241.9	-282.6	-268.4	-464.9
Sale of Property, Plant & Equipment	86.3	86.3	0.1	1.2	0.8	7.2
Other Investing Activities	10.1	-5.7	7.6	31.7	-4	-27.1
Investing Cash Flow	-107.6	-118.8	-234.2	-249.7	-271.6	-484.8
Long-Term Debt Issued	-	-	6.9	-	-	-
Long-Term Debt Repaid	-	-2.3	-	-2.6	-9.5	-52.1
Net Debt Issued (Repaid)	-5.4	-2.3	6.9	-2.6	-9.5	-52.1
Common Dividends Paid	-944.9	-944.9	-661.4	-566.9	-566.9	-661.4
Other Financing Activities	-41.7	-38	-50.1	-30.4	-73.1	-61.9
Financing Cash Flow	-992	-985.2	-704.6	-599.9	-649.5	-775.4
Miscellaneous Cash Flow Adjustments	-0.1	-	-	-0.1	-0.1	-0.1
Net Cash Flow	-559.4	896.9	-466.1	-600.9	1,152	-580.7
Free Cash Flow	336.3	1,802	230.8	-33.8	1,805	214.7
Free Cash Flow Growth	-60.54%	680.55%	-	-	740.62%	-79.46%
Free Cash Flow Margin	3.17%	17.59%	2.25%	-0.32%	15.32%	1.79%
Free Cash Flow Per Share	-	-	2.44	-0.36	19.10	-
Cash Income Tax Paid	479.6	515.5	515.7	479.5	412.4	357
Levered Free Cash Flow	355.58	1,973	-305.64	20.08	1,716	127.08
Unlevered Free Cash Flow	377.58	1,978	-267.01	20.08	1,755	167.7
Change in Working Capital	-514.6	898.5	-1,326	-918	699.4	-623.6

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