Disway Cash Flow Statement

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

Millions MAD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Net Income	78.85	65.52	84.64	107.58
Depreciation & Amortization	8.12	8.48	8.81	9.12
Loss (Gain) From Sale of Assets	-2.46	-0.03	-0.5	0.09
Other Operating Activities	0	0	0	6.05
Change in Accounts Receivable	-15.29	93.23	-168.06	9.79
Change in Inventory	-23.01	151.16	-167.23	-64.34
Change in Other Net Operating Assets	55.13	-149.08	82.69	24.01
Operating Cash Flow	101.34	169.27	-159.65	92.3
Operating Cash Flow Growth	-40.13%	-	-	-48.36%
Capital Expenditures	-11.01	-25.57	-48.51	-4.06
Sale of Property, Plant & Equipment	1.68	0.17	0.51	0.22
Cash Acquisitions	-	-	-31.72	-
Other Investing Activities	-0.16	0.28	1.45	-0.47
Investing Cash Flow	-9.48	-25.12	-78.28	-4.31
Long-Term Debt Issued	-	-	90.34	-
Long-Term Debt Repaid	-14.43	-15.65	-7.91	-14.2
Net Debt Issued (Repaid)	-14.43	-15.65	82.44	-14.2
Common Dividends Paid	-66	-66	-132	-66
Financing Cash Flow	-80.43	-81.65	-49.57	-80.2
Foreign Exchange Rate Adjustments	-1.22	-0.1	3.46	-1.19
Miscellaneous Cash Flow Adjustments	-4.2	-	-	-
Net Cash Flow	6.01	62.4	-284.03	6.61
Free Cash Flow	90.33	143.7	-208.16	88.25
Free Cash Flow Growth	-37.14%	-	-	-40.93%
Free Cash Flow Margin	4.74%	7.69%	-10.67%	4.84%
Free Cash Flow Per Share	47.90	76.20	-110.37	49.43
Levered Free Cash Flow	104.05	175.53	-130.01	-9.82
Unlevered Free Cash Flow	104.05	176.98	-130.01	-9.82
Change in Working Capital	16.83	95.3	-252.6	-30.53

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