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Société d'Exploitation des Ports (CBSE:MSA)
Morocco flag Morocco · Delayed Price · Currency is MAD
879.10
-9.90 (-1.11%)
At close: Aug 10, 2026

CBSE:MSA Cash Flow Statement

Millions MAD. Fiscal year is Jan - Dec.

Operating Activities

Fiscal Year
FY 2025FY 2024FY 2023FY 2022FY 2021
Period Ending
Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Net Income
1,5891,267852.23816.79666.36
Depreciation & Amortization
506.56493.06484.64481.38463.26
Loss (Gain) From Sale of Assets
-6.69-40.01-1.24-1.02-1.28
Other Operating Activities
247.09230.84125.33149.18156.59
Change in Other Net Operating Assets
312.4362.94-129.3655.04-502
Operating Cash Flow
2,6482,0141,3321,501782.93
Operating Cash Flow Growth
31.50%51.23%-11.31%91.77%-27.18%

Investing Activities

Fiscal Year
FY 2025FY 2024FY 2023FY 2022FY 2021
Period Ending
Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Capital Expenditures
-1,825-485.65-276.85-287.81-584.92
Sale of Property, Plant & Equipment
6.8143.281.272.611.7
Other Investing Activities
-00--
Investing Cash Flow
-1,812-434.47-270.3-287.45-478.61

Financing Activities

Fiscal Year
FY 2025FY 2024FY 2023FY 2022FY 2021
Period Ending
Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Long-Term Debt Issued
129.24---1,254
Long-Term Debt Repaid
-359.98-433.88-333.86-275.91-251.62
Net Debt Issued (Repaid)
-230.74-433.88-333.86-275.911,002
Common Dividends Paid
-697.26-623.86-587.17-528.45-587.17
Other Financing Activities
-177.69-139.46-156.37-011.74
Financing Cash Flow
-1,106-1,197-1,077-804.36426.56

Net Cash Flow

Fiscal Year
FY 2025FY 2024FY 2023FY 2022FY 2021
Period Ending
Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Miscellaneous Cash Flow Adjustments
--0---0
Net Cash Flow
-269.76382.15-16.1409.57730.88

Free Cash Flow

Fiscal Year
FY 2025FY 2024FY 2023FY 2022FY 2021
Period Ending
Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Free Cash Flow
823.611,5281,0551,214198
Free Cash Flow Growth
-46.11%44.88%-13.09%512.91%-
Free Cash Flow Margin
14.24%30.51%24.41%30.73%5.51%
Free Cash Flow Per Share
11.2220.8214.3716.542.70
Levered Free Cash Flow
218.071,3741,0141,08937.76
Unlevered Free Cash Flow
218.071,3741,0141,13382.19

Additional Metrics

Fiscal Year
FY 2025FY 2024FY 2023FY 2022FY 2021
Period Ending
Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Change in Working Capital
312.4362.94-129.3655.04-502