M2M Group Cash Flow Statement

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
Net Income	5.31	14.65	-14.78	-33.61	-19.87
Other Operating Activities	17.09	12.61	6.47	11.97	9.19
Change in Other Net Operating Assets	1.58	7.27	-27.11	22.01	7.46
Operating Cash Flow	23.98	34.53	-35.41	0.37	-3.22
Operating Cash Flow Growth	-30.57%	-	-	-	-
Capital Expenditures	-4.11	-5.98	-5.68	-3.67	-4.03
Sale of Property, Plant & Equipment	0.14	-	-	-	-
Investing Cash Flow	-3.97	-5.98	-5.68	-3.67	-4.03
Long-Term Debt Issued	-	0.49	-	-	-
Long-Term Debt Repaid	-0.56	-	-0.01	-0.33	-1.05
Net Debt Issued (Repaid)	-0.56	0.49	-0.01	-0.33	-1.05
Issuance of Common Stock	-	12	28	-	-
Financing Cash Flow	-0.56	12.49	27.99	-0.33	-1.05
Net Cash Flow	19.45	41.04	-13.1	-3.63	-8.3
Free Cash Flow	19.87	28.55	-41.1	-3.3	-7.25
Free Cash Flow Growth	-30.41%	-	-	-	-
Free Cash Flow Margin	15.68%	27.82%	-52.30%	-5.33%	-13.45%
Free Cash Flow Per Share	30.67	44.08	-63.44	-5.09	-11.19
Cash Interest Paid	3.96	2.41	3.49	2.18	0.7
Cash Income Tax Paid	4.38	4.23	1.59	1.44	2.67
Levered Free Cash Flow	35.23	-12.86	-15.97	-4.47	-18.35
Unlevered Free Cash Flow	35.23	-12.86	-15.79	-4.47	-18.35
Change in Working Capital	1.58	7.27	-27.11	22.01	7.46