M2M Group Income 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	FY 2020
Period Ending	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
Revenue	102.63	78.58	61.9	53.91	65.01
Revenue Growth (YoY)	30.60%	26.95%	14.83%	-17.08%	-66.52%
Cost of Revenue	80.57	66.01	66.12	57.43	71.87
Gross Profit	22.05	12.58	-4.22	-3.53	-6.86
Other Operating Expenses	16.81	22.91	41.11	25.2	20.05
Operating Expenses	16.81	22.91	41.11	25.2	20.05
Operating Income	5.25	-10.33	-45.33	-28.73	-26.92
Interest Expense	-	-0.29	-	-	-
Interest & Investment Income	1.88	-	2.58	3.14	1.14
Other Non Operating Income (Expenses)	-	-	-0	-	-
EBT Excluding Unusual Items	7.13	-10.62	-42.75	-25.59	-25.77
Other Unusual Items	17.44	-9.39	-0.81	0.11	10.07
Pretax Income	24.56	-20.02	-43.56	-25.47	-15.71
Income Tax Expense	4.23	1.59	1.44	2.67	4.17
Earnings From Continuing Operations	20.33	-21.6	-45	-28.14	-19.87
Minority Interest in Earnings	-5.68	6.83	11.38	8.28	9.42
Net Income	14.65	-14.78	-33.61	-19.87	-10.45
Net Income to Common	14.65	-14.78	-33.61	-19.87	-10.45
Shares Outstanding (Basic)	1	1	1	1	1
Shares Outstanding (Diluted)	1	1	1	1	1
Shares Change (YoY)	-0.02%	0.01%	0.00%	-0.02%	0.02%
EPS (Basic)	22.62	-22.81	-51.89	-30.67	-16.13
EPS (Diluted)	22.62	-22.81	-51.89	-30.67	-16.13
Free Cash Flow	28.55	-41.1	-3.3	-7.25	9.7
Free Cash Flow Per Share	44.08	-63.44	-5.09	-11.19	14.96
Gross Margin	21.49%	16.00%	-6.82%	-6.54%	-10.56%
Operating Margin	5.11%	-13.15%	-73.24%	-53.29%	-41.40%
Profit Margin	14.28%	-18.80%	-54.30%	-36.85%	-16.07%
Free Cash Flow Margin	27.82%	-52.30%	-5.33%	-13.45%	14.91%
EBITDA	-	-	-	-	-26.48
EBITDA Margin	-	-	-	-	-40.73%
D&A For EBITDA	-	-	-	-	0.44
EBIT	5.25	-10.33	-45.33	-28.73	-26.92
EBIT Margin	5.11%	-13.15%	-73.24%	-53.29%	-41.40%
Effective Tax Rate	17.23%	-	-	-	-

Updated Dec 31, 2024. Source: S&P Global Market Intelligence. Standard template. Financial Sources.