Afriquia Gaz Cash Flow 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
Net Income	762.78	747.39	481.47	516.89	503.86	362.24
Depreciation & Amortization	415.61	399.12	375.03	370.85	351.66	333.65
Loss (Gain) From Sale of Assets	-	-	-	-	-1.57	-0.04
Loss (Gain) on Equity Investments	-19.57	-8.68	-24.82	9.72	-36.15	-25.57
Other Operating Activities	-40.63	1.37	-63.79	-25.02	-121.64	-123.85
Change in Other Net Operating Assets	-195	45.53	716.87	-259.68	754.99	-813.07
Operating Cash Flow	923.19	1,185	1,485	612.76	1,451	-266.64
Operating Cash Flow Growth	86.67%	-20.21%	142.31%	-57.77%	-	-
Capital Expenditures	-483.93	-534.46	-457.15	-495.92	-444.3	-408.3
Sale of Property, Plant & Equipment	-0.24	-	-	-	1.78	0.04
Cash Acquisitions	-	-	-8.51	-65.88	-18.12	-2.51
Sale (Purchase) of Intangibles	-0.71	-	-0.51	-1.39	-	-1.37
Investment in Securities	-0.38	-0.38	-0.21	-4.16	-24.94	-
Other Investing Activities	0.8	0.8	0.71	-	-	-
Investing Cash Flow	-484.45	-534.04	-465.68	-567.34	-485.57	-412.14
Long-Term Debt Issued	-	268.06	195.37	-	125.15	595.45
Long-Term Debt Repaid	-	-119.84	-96.26	-104.04	-121.35	-717.24
Net Debt Issued (Repaid)	60.4	148.22	99.11	-104.04	3.8	-121.79
Common Dividends Paid	-601.56	-481.25	-481.25	-481.25	-429.69	-429.69
Other Financing Activities	24.95	-20.79	-112.16	-130.98	56.96	212.34
Financing Cash Flow	-516.21	-353.81	-494.3	-716.27	-368.93	-339.14
Miscellaneous Cash Flow Adjustments	-	-	-	-	-	-20.03
Net Cash Flow	-77.46	296.88	524.78	-670.86	596.65	-1,038
Free Cash Flow	439.27	650.27	1,028	116.84	1,007	-674.94
Free Cash Flow Growth	-	-36.72%	779.49%	-88.39%	-	-
Free Cash Flow Margin	4.75%	7.39%	12.40%	1.23%	14.06%	-11.76%
Free Cash Flow Per Share	127.48	189.14	298.90	33.98	292.86	-195.64
Levered Free Cash Flow	405.44	575.32	871.79	27.86	1,040	-452.12
Unlevered Free Cash Flow	497.22	660.59	965.09	94.31	1,086	-415.22
Change in Working Capital	-195	45.53	716.87	-259.68	754.99	-813.07

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