M2M Group Balance Sheet

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
Cash & Equivalents	32.92	29.53	25.03	38.62	133.87
Short-Term Investments	144.09	128.03	91.5	91	-
Cash & Short-Term Investments	177.01	157.56	116.53	129.62	133.87
Cash Growth	12.34%	35.21%	-10.10%	-3.17%	-6.46%
Accounts Receivable	79.73	85.39	90.4	86.2	103.43
Other Receivables	71.93	56.54	48.51	53.82	44.01
Receivables	151.66	141.93	138.91	140.02	147.44
Inventory	1.42	1.15	1.52	1.63	11.86
Total Current Assets	330.09	300.64	256.96	271.27	293.18
Property, Plant & Equipment	2.4	3.4	4.27	5.09	4.3
Other Intangible Assets	8.8	5.53	8.8	7.29	9.82
Other Long-Term Assets	1.71	2.05	0.71	0.67	0.66
Total Assets	343.01	311.63	270.73	284.31	307.96
Accounts Payable	20.75	22.46	29.96	34.83	24.95
Accrued Expenses	36.11	-	-	-	-
Other Current Liabilities	9.27	-	-	-	-
Total Current Liabilities	66.14	22.46	29.96	34.83	24.95
Long-Term Debt	0.5	1.06	0.57	0.58	0.91
Other Long-Term Liabilities	44.01	76.11	58.69	76.92	65.14
Total Liabilities	110.65	99.63	89.23	112.33	91
Common Stock	64.78	64.78	64.78	64.78	64.78
Additional Paid-In Capital	-	-	10.28	10.28	10.28
Retained Earnings	5.31	14.65	-14.78	-33.61	-19.87
Comprehensive Income & Other	87.73	65.4	67.13	86.41	107.85
Total Common Equity	157.81	144.83	127.41	127.86	163.05
Minority Interest	74.55	67.17	54.09	44.13	53.91
Shareholders' Equity	232.36	212	181.5	171.98	216.95
Total Liabilities & Equity	343.01	311.63	270.73	284.31	307.96
Total Debt	0.5	1.06	0.57	0.58	0.91
Net Cash (Debt)	176.51	156.5	115.95	129.04	132.96
Net Cash Growth	12.79%	34.97%	-10.14%	-2.95%	-5.80%
Net Cash Per Share	272.48	241.62	178.99	199.21	205.27
Filing Date Shares Outstanding	0.65	0.65	0.65	0.65	0.65
Total Common Shares Outstanding	0.65	0.65	0.65	0.65	0.65
Working Capital	263.95	278.18	226.99	236.44	268.23
Book Value Per Share	243.62	223.58	196.69	197.38	251.70
Tangible Book Value	149.01	139.3	118.61	120.56	153.22
Tangible Book Value Per Share	230.04	215.05	183.11	186.12	236.53