M2M Group Cash Flow 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
Net Income	14.65	-14.78	-33.61	-19.87	-10.45
Other Operating Activities	12.61	6.47	11.97	9.19	-0.18
Change in Other Net Operating Assets	7.27	-27.11	22.01	7.46	22.75
Operating Cash Flow	34.53	-35.41	0.37	-3.22	12.11
Operating Cash Flow Growth	-	-	-	-	-91.72%
Capital Expenditures	-5.98	-5.68	-3.67	-4.03	-2.42
Investing Cash Flow	-5.98	-5.68	-3.67	-4.03	-2.42
Long-Term Debt Issued	0.49	-	-	-	0.31
Long-Term Debt Repaid	-	-0.01	-0.33	-1.05	-
Net Debt Issued (Repaid)	0.49	-0.01	-0.33	-1.05	0.31
Issuance of Common Stock	12	28	-	-	-
Financing Cash Flow	12.49	27.99	-0.33	-1.05	0.31
Net Cash Flow	41.04	-13.1	-3.63	-8.3	10
Free Cash Flow	28.55	-41.1	-3.3	-7.25	9.7
Free Cash Flow Growth	-	-	-	-	-92.20%
Free Cash Flow Margin	27.82%	-52.30%	-5.33%	-13.45%	14.91%
Free Cash Flow Per Share	44.08	-63.44	-5.09	-11.19	14.96
Cash Interest Paid	2.41	3.49	2.18	0.7	2.5
Cash Income Tax Paid	4.23	1.59	1.44	2.67	4.17
Levered Free Cash Flow	31.47	-15.97	-4.47	-18.35	64.06
Unlevered Free Cash Flow	31.47	-15.79	-4.47	-18.35	64.06
Change in Working Capital	7.27	-27.11	22.01	7.46	22.75

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