Afriquia Gaz Cash Flow Statement

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
Net Income	750.5	747.39	481.47	516.89	503.86
Depreciation & Amortization	410.03	399.12	375.03	370.85	351.66
Loss (Gain) From Sale of Assets	-	-	-	-	-1.57
Loss (Gain) on Equity Investments	-25.9	-8.68	-24.82	9.72	-36.15
Other Operating Activities	-27.41	1.37	-63.79	-25.02	-121.64
Change in Other Net Operating Assets	-302.33	45.53	716.87	-259.68	754.99
Operating Cash Flow	804.9	1,185	1,485	612.76	1,451
Operating Cash Flow Growth	-32.06%	-20.21%	142.31%	-57.77%	-
Capital Expenditures	-519.92	-534.46	-457.15	-495.92	-444.3
Sale of Property, Plant & Equipment	-	-	-	-	1.78
Cash Acquisitions	-	-	-8.51	-65.88	-18.12
Sale (Purchase) of Intangibles	-	-	-0.51	-1.39	-
Investment in Securities	-	-0.38	-0.21	-4.16	-24.94
Other Investing Activities	-0.18	0.8	0.71	-	-
Investing Cash Flow	-520.1	-534.04	-465.68	-567.34	-485.57
Long-Term Debt Issued	757.08	268.06	195.37	-	125.15
Long-Term Debt Repaid	-734.94	-119.84	-96.26	-104.04	-121.35
Net Debt Issued (Repaid)	22.14	148.22	99.11	-104.04	3.8
Common Dividends Paid	-601.56	-481.25	-481.25	-481.25	-429.69
Other Financing Activities	58.76	-20.79	-112.16	-130.98	56.96
Financing Cash Flow	-520.66	-353.81	-494.3	-716.27	-368.93
Net Cash Flow	-235.85	296.88	524.78	-670.86	596.65
Free Cash Flow	284.98	650.27	1,028	116.84	1,007
Free Cash Flow Growth	-56.17%	-36.72%	779.49%	-88.39%	-
Free Cash Flow Margin	3.16%	7.39%	12.40%	1.23%	14.06%
Free Cash Flow Per Share	82.89	189.14	298.90	33.98	292.86
Levered Free Cash Flow	242.6	575.32	871.79	27.86	1,040
Unlevered Free Cash Flow	316.85	660.59	965.09	94.31	1,086
Change in Working Capital	-302.33	45.53	716.87	-259.68	754.99

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