Société d'Exploitation des Ports (CBSE:MSA)
Morocco · Delayed Price · Currency is MAD 828.00
-4.00 (-0.48%)
At close: May 18, 2026
CBSE:MSA Income 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 |
Operating Revenue | 5,785 | 5,008 | 4,320 | 3,949 | 3,592 |
| 5,785 | 5,008 | 4,320 | 3,949 | 3,592 | |
Revenue Growth (YoY) | 15.51% | 15.93% | 9.40% | 9.94% | 30.28% |
Cost of Revenue | 779.83 | 2,363 | 2,215 | 2,045 | 1,940 |
Gross Profit | 5,005 | 2,645 | 2,105 | 1,904 | 1,652 |
Selling, General & Admin | 1,790 | - | - | - | - |
Amortization of Goodwill & Intangibles | - | 1.81 | - | - | - |
Other Operating Expenses | -9.36 | 557.68 | 550.2 | 540.93 | 522.22 |
Operating Expenses | 2,443 | 559.49 | 550.2 | 540.93 | 522.22 |
Operating Income | 2,562 | 2,086 | 1,555 | 1,363 | 1,129 |
Interest Expense | - | - | - | -69.61 | -71.09 |
Interest & Investment Income | 17.42 | 0.13 | - | - | - |
Currency Exchange Gain (Loss) | - | -31.88 | -8.66 | 6.86 | 10.21 |
Other Non Operating Income (Expenses) | -47.32 | - | -28.51 | -0.04 | -0.01 |
EBT Excluding Unusual Items | 2,532 | 2,054 | 1,517 | 1,301 | 1,068 |
Other Unusual Items | - | -64.19 | -189.97 | -52.82 | -46.51 |
Pretax Income | 2,532 | 1,990 | 1,328 | 1,248 | 1,022 |
Income Tax Expense | 724.13 | 531.57 | 322.53 | 303.52 | 286.3 |
Earnings From Continuing Operations | 1,808 | 1,458 | 1,005 | 944.28 | 735.67 |
Minority Interest in Earnings | -219.54 | -191.44 | -152.75 | -127.49 | -69.31 |
Net Income | 1,589 | 1,267 | 852.23 | 816.79 | 666.36 |
Net Income to Common | 1,589 | 1,267 | 852.23 | 816.79 | 666.36 |
Net Income Growth | 25.40% | 48.67% | 4.34% | 22.57% | 128.30% |
Shares Outstanding (Basic) | - | 73 | 73 | 73 | 73 |
Shares Outstanding (Diluted) | - | 73 | 73 | 73 | 73 |
Shares Change (YoY) | - | - | - | - | 0.08% |
EPS (Basic) | - | 17.26 | 11.61 | 11.13 | 9.08 |
EPS (Diluted) | - | 17.26 | 11.61 | 11.13 | 9.08 |
EPS Growth | - | 48.67% | 4.34% | 22.57% | 128.12% |
Free Cash Flow | 823.6 | 1,582 | 1,055 | 1,214 | 198 |
Free Cash Flow Per Share | - | 21.56 | 14.37 | 16.54 | 2.70 |
Dividend Per Share | 11.000 | 9.500 | 8.500 | 8.000 | 7.200 |
Dividend Growth | 15.79% | 11.77% | 6.25% | 11.11% | -10.00% |
Gross Margin | 86.52% | 52.82% | 48.72% | 48.22% | 45.98% |
Operating Margin | 44.29% | 41.65% | 35.99% | 34.52% | 31.44% |
Profit Margin | 27.46% | 25.30% | 19.73% | 20.68% | 18.55% |
Free Cash Flow Margin | 14.24% | 31.59% | 24.41% | 30.73% | 5.51% |
EBITDA | 3,169 | 2,579 | 2,039 | 1,845 | - |
EBITDA Margin | 54.78% | 51.50% | 47.20% | 46.72% | - |
D&A For EBITDA | 606.47 | 493.06 | 484.64 | 481.38 | - |
EBIT | 2,562 | 2,086 | 1,555 | 1,363 | 1,129 |
EBIT Margin | 44.29% | 41.65% | 35.99% | 34.52% | 31.44% |
Effective Tax Rate | 28.59% | 26.71% | 24.30% | 24.32% | 28.02% |
Revenue as Reported | 5,785 | 5,065 | 4,364 | 4,014 | 3,663 |
Source: S&P Global Market Intelligence. Standard template. Financial Sources.