Med Paper 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	0.63	0.76	0.24	0.44	0.79
Cash & Short-Term Investments	0.63	0.76	0.24	0.44	0.79
Cash Growth	-17.11%	219.59%	-45.52%	-44.73%	311.05%
Accounts Receivable	117.07	119.19	105.89	88.09	64.57
Other Receivables	16.17	14.78	11.16	12.83	13.44
Receivables	133.24	133.97	117.05	100.92	78
Inventory	40.43	50.68	56.2	45.33	36.79
Other Current Assets	0.12	-	0.03	0.14	-
Total Current Assets	174.42	185.41	173.51	146.83	115.58
Property, Plant & Equipment	94.68	100.2	104.3	106.41	103.54
Long-Term Investments	0.1	0.1	0.1	0.1	0.1
Goodwill	65.99	65.99	65.99	65.99	65.99
Long-Term Deferred Charges	2.13	0.09	0.13	0.52	0.78
Other Long-Term Assets	1.54	1.54	1.54	1.54	1.54
Total Assets	338.86	353.33	345.57	321.39	287.53
Accounts Payable	41.05	46.37	46.76	48.76	43.08
Accrued Expenses	74.92	66.21	58.32	52.19	52.17
Short-Term Debt	70.15	68.42	85.79	62.96	45.37
Other Current Liabilities	13.54	11.94	5.57	7.67	55.13
Total Current Liabilities	199.65	192.95	196.44	171.58	195.74
Long-Term Debt	97.83	125.94	122.51	128.92	128.92
Other Long-Term Liabilities	0.23	-	0.16	0.19	0.23
Total Liabilities	297.71	318.89	319.12	300.69	324.89
Common Stock	47.84	47.84	47.84	47.84	258.26
Additional Paid-In Capital	-	-	-	-	150.16
Retained Earnings	-6.69	-13.41	-21.39	-27.14	-477.57
Comprehensive Income & Other	-	-	-	-	31.8
Shareholders' Equity	41.15	34.43	26.45	20.7	-37.36
Total Liabilities & Equity	338.86	353.33	345.57	321.39	287.53
Total Debt	167.98	194.37	208.3	191.87	174.29
Net Cash (Debt)	-167.35	-193.6	-208.07	-191.43	-173.49
Net Cash Per Share	-34.98	-40.97	-43.42	-40.02	-67.18
Filing Date Shares Outstanding	4.78	4.78	4.78	4.78	2.58
Total Common Shares Outstanding	4.78	4.78	4.78	4.78	2.58
Working Capital	-25.23	-7.54	-22.93	-24.75	-80.16
Book Value Per Share	8.60	7.20	5.53	4.33	-14.47
Tangible Book Value	-24.84	-31.55	-39.54	-45.29	-103.35
Tangible Book Value Per Share	-5.19	-6.60	-8.27	-9.47	-40.02
Land	66.64	66.64	66.64	66.64	66.64
Buildings	28.9	28.9	28.9	28.9	28.9
Machinery	515.45	515.45	514.05	510.75	503.05