Maghreb Oxygène 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	15.45	12.43	9.54	15.26	17.97
Depreciation & Amortization	24.85	25.91	24.59	25.18	24.67
Loss (Gain) From Sale of Assets	-	-0.08	-0.93	-0.38	-3.24
Loss (Gain) on Equity Investments	-6.91	-6.35	-5.09	-7.64	-5.65
Other Operating Activities	-12.22	-10.25	-3.47	-2.3	-1.97
Change in Inventory	-14.05	-2.97	7.82	1.85	-7.47
Change in Other Net Operating Assets	36.51	-10.23	-13.77	-0.52	27.84
Operating Cash Flow	43.63	8.45	18.68	31.45	52.15
Operating Cash Flow Growth	416.08%	-54.75%	-40.59%	-39.69%	152.37%
Capital Expenditures	-77.62	-15.68	-27.23	-19.46	-41.35
Sale of Property, Plant & Equipment	-	0.08	1.92	0.38	3.67
Investing Cash Flow	-77.62	-15.59	-25.31	-19.08	-37.69
Long-Term Debt Issued	440.1	-	-	-	-
Long-Term Debt Repaid	-106.09	-6.56	-6.81	-7.05	-6.96
Net Debt Issued (Repaid)	334.01	-6.56	-6.81	-7.05	-6.96
Common Dividends Paid	-3.25	-3.25	-3.25	-3.25	-3.25
Other Financing Activities	0.83	3.43	6.22	12.57	10.27
Financing Cash Flow	331.59	-6.39	-3.84	2.27	0.06
Net Cash Flow	297.61	-13.53	-10.47	14.63	14.52
Free Cash Flow	-33.99	-7.22	-8.54	11.99	10.8
Free Cash Flow Growth	-	-	-	11.03%	-
Free Cash Flow Margin	-10.29%	-2.32%	-2.94%	4.10%	3.93%
Free Cash Flow Per Share	-41.83	-8.89	-10.52	14.75	13.27
Levered Free Cash Flow	-48.97	-3.07	-16.92	9.06	7.77
Unlevered Free Cash Flow	-35.42	-0.28	-14.2	11.83	10.56
Change in Working Capital	22.46	-13.2	-5.95	1.33	20.37