Compagnie de Transports au Maroc Société Anonyme (CBSE:CTM)

Morocco · Delayed Price · Currency is MAD

809.00

+7.00 (0.87%)

At close: Oct 9, 2026

CBSE:CTM Financials Overview

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

Millions MAD. Fiscal year is Jan - Dec.

Revenue & Profits

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Revenue	2,070	1,869	1,302	656.09	605.17	529.99
Revenue Growth	10.77%	43.60%	98.37%	8.42%	14.18%	42.27%
Gross Profit	536.49	580.23	431.2	259.59	214.58	217.12
Operating Income	-73	6.74	28.46	53.14	5.8	25.44
Net Income	30.79	56.2	46.62	63.1	35.44	35.21
Earnings Per Share	-	45.84	38.03	51.47	28.91	28.72
EPS Growth	-	20.55%	-26.11%	78.04%	0.67%	-

Cash & Debt

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Cash & Investments	87.53	106	238.92	67.01	136.03	92.15
Total Debt	467.53	415.49	363.46	141.6	113	148.97
Net Cash (Debt)	-380	-309.49	-124.54	-74.59	23.03	-56.82
Net Cash Growth	-	-	-	-	-	-
Net Cash Per Share	-	-252.44	-101.59	-60.84	18.78	-46.35

Cash Flow & CapEx

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Operating Cash Flow	89.36	-101.54	353.08	44.53	154.07	86.9
Capital Expenditures	-89.1	-96.43	-157.97	-138.83	-81.64	-67.19
Free Cash Flow	0.25	-197.97	195.11	-94.3	72.43	19.71
Free Cash Flow Growth	-	-	-	-	267.52%	-83.27%

Margins

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Gross Margin	25.91%	31.05%	33.13%	39.57%	35.46%	40.97%
Operating Margin	-3.53%	0.36%	2.19%	8.10%	0.96%	4.80%
Pretax Margin	-2.06%	1.77%	3.18%	13.58%	6.69%	7.69%
Profit Margin	1.49%	3.01%	3.58%	9.62%	5.86%	6.64%
FCF Margin	0.01%	-10.59%	14.99%	-14.37%	11.97%	3.72%

Dividends

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Oct '26 Oct 11, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Dividend Per Share	25.000	-	25.000	15.000	25.000	22.000
Dividend Per Share Growth	4.00%	-	66.67%	-40.00%	13.64%	-
Dividend Yield	3.09%	-	2.41%	2.84%	4.17%	3.46%

Valuation

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Oct '26 Oct 11, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
PE Ratio	32.21	19.74	28.85	11.08	23.39	25.77
P/FCF Ratio	3904.79	-	6.89	-	11.45	46.03
PS Ratio	0.48	0.59	1.03	1.07	1.37	1.71