Fenie Brossette Income 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
Operating Revenue	728.88	698.17	602.97	569.08	531.7	429.17
Other Revenue	0	0	-	-	8.12	-
Revenue	728.88	698.17	602.97	569.08	539.82	429.17
Revenue Growth (YoY)	14.07%	15.79%	5.95%	5.42%	25.78%	-22.39%
Cost of Revenue	569.23	546.07	486.33	460.44	432.62	358.16
Gross Profit	159.65	152.1	116.64	108.65	107.2	71.01
Selling, General & Admin	117.92	112.18	92.96	79.32	71.89	66.6
Other Operating Expenses	9.87	14.08	6.56	9.96	29.1	-14.21
Operating Expenses	127.78	126.26	99.52	89.28	100.99	88.55
Operating Income	31.86	25.84	17.12	19.36	6.21	-17.54
Interest Expense	-6.34	-5.7	-6.98	-5.49	-4.34	-7.91
Interest & Investment Income	3.11	3.11	4.33	-	-	-
Currency Exchange Gain (Loss)	1.07	1.18	1.16	0.99	1.34	1.18
Other Non Operating Income (Expenses)	-6.29	-2.36	-3.63	-0.77	5.81	4.54
EBT Excluding Unusual Items	23.41	22.07	12	14.09	9.02	-19.72
Other Unusual Items	-0.57	-0.06	-3.01	8.7	-2.55	-1.15
Pretax Income	22.84	22.01	9	22.79	6.47	-20.87
Income Tax Expense	5.77	5.4	1.77	2.28	2.66	2.23
Net Income	17.07	16.6	7.22	20.51	3.81	-23.09
Net Income to Common	17.07	16.6	7.22	20.51	3.81	-23.09
Net Income Growth	114.02%	129.90%	-64.79%	438.60%	-	-
Shares Outstanding (Basic)	-	1	1	1	1	1
Shares Outstanding (Diluted)	-	1	1	1	1	1
EPS (Basic)	-	11.54	5.02	14.25	2.65	-16.05
EPS (Diluted)	-	11.54	5.02	14.25	2.65	-16.05
EPS Growth	-	129.90%	-64.79%	438.60%	-	-
Free Cash Flow	-47.52	-14.76	-11.46	-44.28	29.33	37.54
Free Cash Flow Per Share	-	-10.26	-7.96	-30.77	20.38	26.08
Gross Margin	21.90%	21.79%	19.34%	19.09%	19.86%	16.55%
Operating Margin	4.37%	3.70%	2.84%	3.40%	1.15%	-4.09%
Profit Margin	2.34%	2.38%	1.20%	3.60%	0.70%	-5.38%
Free Cash Flow Margin	-6.52%	-2.11%	-1.90%	-7.78%	5.43%	8.75%
EBITDA	40.43	34.09	25.89	29.4	18.39	-0.23
EBITDA Margin	5.55%	4.88%	4.29%	5.17%	3.41%	-0.05%
D&A For EBITDA	8.56	8.24	8.77	10.04	12.18	17.32
EBIT	31.86	25.84	17.12	19.36	6.21	-17.54
EBIT Margin	4.37%	3.70%	2.84%	3.40%	1.15%	-4.09%
Effective Tax Rate	25.27%	24.55%	19.71%	10.01%	41.14%	-
Revenue as Reported	740.71	709.51	614.27	582.41	539.84	447.43

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