Maroc Leasing 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	107.3	105.3	104.17	68.88	90.74
Depreciation & Amortization	10.12	10.96	10.12	9.1	7.46
Change in Other Net Operating Assets	-4,060	-3,635	-3,813	-2,835	-2,864
Other Operating Activities	3,988	3,575	3,747	2,804	2,804
Operating Cash Flow	45.95	56.36	48.11	47.35	38.29
Operating Cash Flow Growth	-18.47%	17.14%	1.62%	23.66%	103.50%
Capital Expenditures	-7.07	-17.49	-9.24	-8.47	-4.98
Sale of Property, Plant & Equipment	-	-	-	-	0.01
Investing Cash Flow	-7.07	-17.49	-9.24	-8.47	-4.97
Common Dividends Paid	-38.87	-38.87	-38.87	-38.87	-33.32
Financing Cash Flow	-38.87	-38.87	-38.87	-38.87	-33.32
Free Cash Flow	38.87	38.87	38.87	38.87	33.31
Free Cash Flow Growth	-	-	-	16.69%	-
Free Cash Flow Margin	1.00%	1.09%	1.12%	1.18%	1.02%
Free Cash Flow Per Share	14.13	14.03	14.18	-	-
Cash Interest Paid	460.17	425.33	403.73	382.38	370.02
Cash Income Tax Paid	71.02	76.93	51.23	55.53	14.18