Itissalat Al-Maghrib (IAM) S.A. (CBSE:IAM)
Morocco · Delayed Price · Currency is MAD 99.85
-0.65 (-0.65%)
At close: Aug 10, 2026
CBSE:IAM Cash Flow Statement
Financials in millions MAD. Fiscal year is January - December.
Millions MAD. Fiscal year is Jan - Dec.
Operating Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | 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 | 5,333 | 6,968 | 1,801 | 5,283 | 2,750 | 6,008 |
Depreciation & Amortization | 6,891 | 6,859 | 6,739 | 5,908 | 6,537 | 6,543 |
Other Amortization | 466 | 466 | 405 | 454 | 484 | 523 |
Provision & Write-off of Bad Debts | 342 | 342 | 361 | 260 | 353 | 299 |
Other Operating Activities | 1,597 | 5,316 | 1,004 | 2,377 | 2,178 | 2,028 |
Change in Other Net Operating Assets | -675 | -1,452 | 1,288 | -1,237 | -300 | -1,847 |
Operating Cash Flow | 13,954 | 18,499 | 11,598 | 13,045 | 12,002 | 13,554 |
Operating Cash Flow Growth | -24.57% | 59.50% | -11.09% | 8.69% | -11.45% | 22.24% |
Investing Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | 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 |
Capital Expenditures | -10,255 | -9,404 | -11,663 | -7,969 | -7,073 | -5,289 |
Sale of Property, Plant & Equipment | 22 | 22 | 4 | 5 | 2 | 14 |
Cash Acquisitions | - | - | - | - | - | 5 |
Investment in Securities | -457 | -662 | -220 | -325 | -381 | -38 |
Other Investing Activities | 3 | 1 | 2 | 2 | - | 5 |
Investing Cash Flow | -10,687 | -10,043 | -11,877 | -8,287 | -7,452 | -5,303 |
Financing Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | 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 |
Short-Term Debt Issued | - | 7,569 | 6,501 | 8,402 | 2,570 | 1,536 |
Long-Term Debt Issued | - | 6,191 | 2,501 | 1,036 | 1,621 | 694 |
Total Debt Issued | 11,062 | 13,760 | 9,002 | 9,438 | 4,191 | 2,230 |
Short-Term Debt Repaid | - | -19,095 | -2,338 | -10,948 | -2,743 | -6,145 |
Total Debt Repaid | -10,264 | -19,095 | -2,338 | -10,948 | -2,743 | -6,145 |
Net Debt Issued (Repaid) | 798 | -5,335 | 6,664 | -1,510 | 1,448 | -3,915 |
Common Dividends Paid | -1,257 | -1,257 | -3,691 | -1,924 | -4,202 | -3,525 |
Other Financing Activities | -1,799 | -1,881 | -1,681 | -1,590 | -1,951 | -1,429 |
Financing Cash Flow | -2,258 | -8,473 | 1,292 | -5,024 | -4,705 | -8,869 |
Net Cash Flow
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | 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 |
Foreign Exchange Rate Adjustments | 35 | 4 | -46 | -593 | 1 | -47 |
Miscellaneous Cash Flow Adjustments | -2 | -1 | -1 | - | 1 | -1 |
Net Cash Flow | 1,042 | -14 | 966 | -859 | -153 | -666 |
Free Cash Flow
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | 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 |
Free Cash Flow | 3,699 | 9,095 | -65 | 5,076 | 4,929 | 8,265 |
Free Cash Flow Growth | -59.33% | - | - | 2.98% | -40.36% | 18.97% |
Free Cash Flow Margin | 9.83% | 24.80% | -0.18% | 13.80% | 13.79% | 23.09% |
Free Cash Flow Per Share | 4.21 | 10.35 | -0.07 | 5.77 | 5.61 | 9.40 |
Levered Free Cash Flow | 6,138 | 9,193 | -1,671 | 3,977 | 7,153 | 7,502 |
Unlevered Free Cash Flow | 6,746 | 9,851 | -999.25 | 4,535 | 7,594 | 8,018 |
Additional Metrics
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | 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 Income Tax Paid | 4,540 | 1,326 | 2,621 | 4,262 | 3,827 | 3,659 |
Change in Working Capital | -675 | -1,452 | 1,288 | -1,237 | -300 | -1,847 |