delta holding Balance Sheet

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

Millions MAD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	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 & Equivalents	470.17	361.65	224.55	156.6	379.55
Short-Term Investments	125.1	36.7	37.45	60.48	11.75
Cash & Short-Term Investments	595.28	398.34	262	217.09	391.31
Cash Growth	49.44%	52.04%	20.69%	-44.52%	53.61%
Accounts Receivable	1,563	1,838	1,859	1,883	1,773
Other Receivables	263.74	269.03	286.82	308.89	280.57
Receivables	1,826	2,107	2,146	2,192	2,053
Inventory	1,328	1,311	1,369	1,421	1,107
Other Current Assets	1.68	2.36	2.76	3.32	8.7
Total Current Assets	3,752	3,819	3,780	3,834	3,560
Property, Plant & Equipment	620.74	548.75	571.85	598.29	649.5
Long-Term Investments	2.48	2.44	6.46	16.08	33.51
Goodwill	73.72	87.12	100.52	113.93	127.33
Other Intangible Assets	10.51	12.14	14.78	16.83	20.02
Long-Term Deferred Charges	9.9	10.51	11.13	11.68	12.55
Other Long-Term Assets	2.57	2.89	4.99	6.51	24.91
Total Assets	4,472	4,483	4,490	4,598	4,429
Accounts Payable	760.62	779.42	763.5	769.98	820.82
Accrued Expenses	422.78	475.19	444.74	442.25	456.41
Short-Term Debt	70.93	76.59	129.58	299.06	203.61
Other Current Liabilities	406.14	374.02	464.67	400.03	314.06
Total Current Liabilities	1,660	1,705	1,802	1,911	1,795
Long-Term Debt	10.62	10.42	151.1	221.62	260.26
Long-Term Leases	47.5	76.98	-	-	-
Other Long-Term Liabilities	0.07	0.15	1.03	1.11	6.92
Total Liabilities	1,719	1,793	1,955	2,134	2,062
Common Stock	876	876	876	876	876
Retained Earnings	1,015	1,024	903.42	878.64	704.44
Comprehensive Income & Other	727.65	615.64	573.98	536.12	634.74
Total Common Equity	2,619	2,516	2,353	2,291	2,215
Minority Interest	134.4	174.43	182.26	172.77	151.37
Shareholders' Equity	2,753	2,690	2,536	2,464	2,367
Total Liabilities & Equity	4,472	4,483	4,490	4,598	4,429
Total Debt	129.06	163.99	280.68	520.68	463.87
Net Cash (Debt)	466.22	234.35	-18.68	-303.59	-72.57
Net Cash Growth	98.94%	-	-	-	-
Net Cash Per Share	5.32	2.68	-0.21	-3.47	-0.83
Filing Date Shares Outstanding	87.6	87.6	87.6	87.6	87.6
Total Common Shares Outstanding	87.6	87.6	87.6	87.6	87.6
Working Capital	2,091	2,114	1,978	1,922	1,765
Book Value Per Share	29.89	28.72	26.87	26.15	25.29
Tangible Book Value	2,535	2,417	2,238	2,160	2,068
Tangible Book Value Per Share	28.93	27.59	25.55	24.66	23.61
Land	18.44	18.41	21.56	21.61	21.44
Buildings	205.1	200.89	217.33	217.72	214.56
Machinery	968.56	884.59	847.82	778.25	774.85
Construction In Progress	82.27	18.18	14.55	19.58	11.26

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.