Med Paper 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	105.56	107.86	134.73	78.99	58.44
Revenue Growth (YoY)	-2.13%	-19.94%	70.56%	35.16%	-28.94%
Cost of Revenue	56.61	54.09	80.13	46.71	34.69
Gross Profit	48.95	53.77	54.6	32.29	23.75
Selling, General & Admin	36.43	36.3	34.66	29.42	22.39
Other Operating Expenses	6.32	6.6	6.16	5.4	5.44
Operating Expenses	42.75	42.9	40.81	34.82	27.83
Operating Income	6.2	10.87	13.79	-2.54	-4.08
Interest Expense	-3.3	-4.68	-5.06	-1.44	-3.64
Interest & Investment Income	-	0.01	-	-	-
Earnings From Equity Investments	0.01	0.01	0.01	0.01	0.01
Currency Exchange Gain (Loss)	-0.01	-0.08	-0.06	0	0.07
Other Non Operating Income (Expenses)	0.03	0.12	-0.14	-0	0.02
EBT Excluding Unusual Items	2.92	6.24	8.53	-3.97	-7.61
Gain (Loss) on Sale of Assets	-	-	0.09	-	-
Other Unusual Items	5.34	-0.22	-0.65	13.92	-0.46
Pretax Income	8.26	6.02	7.97	9.95	-8.08
Income Tax Expense	0.28	0.27	0.54	0.46	0.48
Net Income	7.99	5.75	7.43	9.48	-8.56
Net Income to Common	7.99	5.75	7.43	9.48	-8.56
Net Income Growth	38.85%	-22.59%	-21.67%	-	-
Shares Outstanding (Basic)	5	5	5	3	3
Shares Outstanding (Diluted)	5	5	5	3	3
Shares Change (YoY)	-1.41%	0.18%	85.24%	-	-
EPS (Basic)	1.69	1.20	1.55	3.67	-3.32
EPS (Diluted)	1.69	1.20	1.55	3.67	-3.32
EPS Growth	40.83%	-22.73%	-57.71%	-	-
Free Cash Flow	12.13	8.25	4.94	14.12	-
Free Cash Flow Per Share	2.57	1.72	1.03	5.47	-
Gross Margin	46.37%	49.85%	40.52%	40.88%	40.65%
Operating Margin	5.87%	10.08%	10.23%	-3.21%	-6.98%
Profit Margin	7.56%	5.33%	5.51%	12.01%	-14.65%
Free Cash Flow Margin	11.49%	7.65%	3.67%	17.87%	-
EBITDA	7.33	16.28	18.7	1.66	-
EBITDA Margin	6.95%	15.10%	13.88%	2.11%	-
D&A For EBITDA	1.13	5.41	4.91	4.2	-
EBIT	6.2	10.87	13.79	-2.54	-4.08
EBIT Margin	5.87%	10.08%	10.23%	-3.21%	-6.98%
Effective Tax Rate	3.36%	4.51%	6.77%	4.67%	-
Revenue as Reported	101.77	118.38	142.36	80.19	61.66

Updated Jun 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.