Microdata Balance Sheet

Financials in millions MAD. Fiscal year is January - December.

Millions MAD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun '25 Jun 30, 2025	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
Cash & Equivalents	167.08	117.65	64.39	30.71	52.64	79.17
Short-Term Investments	-	-	-	-	-	12.02
Cash & Short-Term Investments	167.08	117.65	64.39	30.71	52.64	91.19
Cash Growth	37.00%	82.71%	109.66%	-41.65%	-42.28%	-7.20%
Accounts Receivable	303.36	264.95	223.97	279.4	272.84	244.89
Other Receivables	55.5	25.67	24.74	5.84	15.79	5
Receivables	358.86	290.62	248.71	285.24	288.62	249.9
Inventory	75.41	41.88	46.07	54.8	56.7	32.72
Other Current Assets	0.49	0.48	0.31	0.89	1.99	1.29
Total Current Assets	601.84	450.64	359.48	371.64	399.95	375.1
Property, Plant & Equipment	13.85	14.08	14.51	15.16	15.94	16.52
Long-Term Investments	0.1	0.1	0.1	0.1	0.1	0.1
Other Intangible Assets	0	0	-	0	0.1	0
Long-Term Deferred Charges	-	-	0.4	0.8	1.2	1.6
Other Long-Term Assets	0	0	0	0	0	0
Total Assets	616.45	465.52	375.15	388.14	418.01	394.02
Accounts Payable	76.75	82.25	75.27	100.67	106.88	77.41
Accrued Expenses	45.09	48.61	34.74	45.65	39.9	50.1
Short-Term Debt	250	140	80	71.11	94.64	78.85
Other Current Liabilities	69.27	1.09	2.43	2.63	3.75	4.13
Total Current Liabilities	441.11	271.95	192.44	220.06	245.17	210.49
Long-Term Debt	-	-	-	-	0.91	2.41
Other Long-Term Liabilities	0.49	0.48	0.31	0.89	1.99	1.29
Total Liabilities	441.6	272.43	192.75	220.95	248.07	214.2
Common Stock	42	42	42	42	42	42
Retained Earnings	132.85	151.09	140.4	125.19	127.94	137.82
Shareholders' Equity	174.85	193.09	182.4	167.19	169.94	179.82
Total Liabilities & Equity	616.45	465.52	375.15	388.14	418.01	394.02
Total Debt	250	140	80	71.11	95.55	81.26
Net Cash (Debt)	-82.92	-22.35	-15.61	-40.39	-42.91	9.93
Net Cash Growth	-	-	-	-	-	22.54%
Net Cash Per Share	-49.35	-13.30	-9.29	-24.04	-25.54	5.91
Filing Date Shares Outstanding	1.68	1.68	1.68	1.68	1.68	1.68
Total Common Shares Outstanding	1.68	1.68	1.68	1.68	1.68	1.68
Working Capital	160.73	178.69	167.05	151.57	154.78	164.6
Book Value Per Share	104.08	114.93	108.57	99.52	101.15	107.04
Tangible Book Value	174.85	193.09	182.4	167.19	169.84	179.82
Tangible Book Value Per Share	104.08	114.93	108.57	99.52	101.09	107.03
Land	9.51	9.51	9.51	9.51	9.51	9.51
Buildings	3.62	3.62	3.62	3.62	3.62	3.62
Machinery	8.22	8.02	7.57	7.36	7.15	6.73

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