Microdata 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	69.55	67.81	57.2	42.61	45.56
Depreciation & Amortization	0.91	-	-	1	-
Other Amortization	-	-	-	0.4	-
Loss (Gain) From Sale of Assets	-0.19	-0.12	-0.3	-0.15	-
Other Operating Activities	-	1.28	1.27	-	1.41
Operating Cash Flow	70.27	68.98	58.18	43.87	46.97
Operating Cash Flow Growth	1.87%	18.57%	32.63%	-6.61%	-28.23%
Capital Expenditures	-0.31	-0.5	-0.25	-0.24	-0.42
Sale of Property, Plant & Equipment	0.19	0.17	0.32	0.17	-
Sale (Purchase) of Intangibles	-	-0	-	0.1	-0.1
Other Investing Activities	0.06	-0.05	-0.2	0.27	-0.02
Investing Cash Flow	-0.07	-0.38	-0.13	0.3	-0.55
Long-Term Debt Repaid	-	-	-	-0.91	-1.5
Net Debt Issued (Repaid)	-	-	-	-0.91	-1.5
Common Dividends Paid	-67.2	-57.12	-42	-45.36	-55.44
Financing Cash Flow	-67.2	-57.12	-42	-46.27	-56.94
Miscellaneous Cash Flow Adjustments	92.3	-4.74	8.74	3.72	-31.81
Net Cash Flow	95.3	6.74	24.79	1.61	-42.32
Free Cash Flow	69.96	68.48	57.93	43.63	46.55
Free Cash Flow Growth	2.16%	18.21%	32.80%	-6.28%	-28.43%
Free Cash Flow Margin	7.14%	7.61%	7.71%	6.28%	8.26%
Free Cash Flow Per Share	41.64	40.76	34.48	25.97	27.71
Levered Free Cash Flow	-37.06	36.85	61.56	68.42	1.98
Unlevered Free Cash Flow	-31.1	41.43	65.59	71.16	2.91