M2M Group 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
Revenue	108.69	102.63	78.58	61.9	53.91	65.01
Revenue Growth (YoY)	7.94%	30.60%	26.95%	14.83%	-17.08%	-66.52%
Cost of Revenue	88.92	80.57	66.01	66.12	57.43	71.87
Gross Profit	19.77	22.05	12.58	-4.22	-3.53	-6.86
Other Operating Expenses	20.86	16.81	22.91	41.11	25.2	20.05
Operating Expenses	20.86	16.81	22.91	41.11	25.2	20.05
Operating Income	-1.09	5.25	-10.33	-45.33	-28.73	-26.92
Interest Expense	-0.22	-	-0.29	-	-	-
Interest & Investment Income	1.49	1.88	-	2.58	3.14	1.14
Other Non Operating Income (Expenses)	0	-	-	-0	-	-
EBT Excluding Unusual Items	0.17	7.13	-10.62	-42.75	-25.59	-25.77
Other Unusual Items	17.54	17.44	-9.39	-0.81	0.11	10.07
Pretax Income	17.72	24.56	-20.02	-43.56	-25.47	-15.71
Income Tax Expense	3.7	4.23	1.59	1.44	2.67	4.17
Earnings From Continuing Operations	14.02	20.33	-21.6	-45	-28.14	-19.87
Minority Interest in Earnings	-6.02	-5.68	6.83	11.38	8.28	9.42
Net Income	7.99	14.65	-14.78	-33.61	-19.87	-10.45
Net Income to Common	7.99	14.65	-14.78	-33.61	-19.87	-10.45
Net Income Growth	-37.20%	-	-	-	-	-
Shares Outstanding (Basic)	1	1	1	1	1	1
Shares Outstanding (Diluted)	1	1	1	1	1	1
Shares Change (YoY)	0.08%	-0.02%	0.01%	0.00%	-0.02%	0.02%
EPS (Basic)	12.33	22.62	-22.81	-51.89	-30.67	-16.13
EPS (Diluted)	12.33	22.62	-22.81	-51.89	-30.67	-16.13
EPS Growth	-37.26%	-	-	-	-	-
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	18.19%	21.49%	16.00%	-6.82%	-6.54%	-10.56%
Operating Margin	-1.00%	5.11%	-13.15%	-73.24%	-53.29%	-41.40%
Profit Margin	7.35%	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	-1.09	5.25	-10.33	-45.33	-28.73	-26.92
EBIT Margin	-1.00%	5.11%	-13.15%	-73.24%	-53.29%	-41.40%
Effective Tax Rate	20.89%	17.23%	-	-	-	-

Source: S&P Global Market Intelligence. Standard template. Financial Sources.