Mutandis SCA (CBSE:MUT)

Mutandis SCA Cash Flow Statement

Financials in millions MAD. Fiscal year is January - December.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Net Income	126.16	158.65	92.96	99.52	59.94
Depreciation & Amortization	105.36	161.35	84.44	89.63	86.26
Other Amortization	-	0.36	-	-	-
Other Operating Activities	1.83	-25.05	90.49	59.37	23.33
Change in Other Net Operating Assets	29.37	-19.39	10.46	-235.18	63.33
Operating Cash Flow	262.73	275.9	278.34	13.35	232.86
Operating Cash Flow Growth	-4.78%	-0.87%	1985.08%	-94.27%	-
Capital Expenditures	-91.82	-229.06	-238.65	-195.25	-79.55
Cash Acquisitions	-	-	-293.53	-	-109.19
Divestitures	-	333.14	-	0.48	-
Sale (Purchase) of Intangibles	-17.89	-29.26	-16.19	-16.19	-293.29
Investment in Securities	6.77	0.1	21.26	-	-5.52
Other Investing Activities	0	-	-	-	-
Investing Cash Flow	-103.82	79.32	-529.12	-211.32	-487.56
Long-Term Debt Issued	-	-	451.82	-	351.74
Long-Term Debt Repaid	-195.68	-31.64	-	-234.52	-
Net Debt Issued (Repaid)	-195.68	-31.64	451.82	-234.52	351.74
Issuance of Common Stock	16.13	1.63	-	292.76	4.65
Repurchase of Common Stock	-4.45	-9.93	-	-6.61	-14.41
Common Dividends Paid	-98.07	-97.38	-79.19	-79.18	-68.66
Other Financing Activities	-	0	-	-0	0
Financing Cash Flow	-282.08	-137.32	372.64	-27.55	273.32
Foreign Exchange Rate Adjustments	-8	1.3	-2.92	5.37	10.62
Miscellaneous Cash Flow Adjustments	-0	-	-	-	-
Net Cash Flow	-131.17	219.2	118.94	-220.16	29.25
Free Cash Flow	170.9	46.84	39.69	-181.91	153.31
Free Cash Flow Growth	264.84%	18.02%	-	-	-
Free Cash Flow Margin	8.45%	2.21%	1.83%	-7.81%	9.10%
Free Cash Flow Per Share	18.48	5.07	4.29	-19.67	-
Levered Free Cash Flow	196.61	58.03	23.3	-201.91	-261.65
Unlevered Free Cash Flow	205.26	87.98	56.09	-183.24	-239.08
Change in Working Capital	29.37	-19.39	10.46	-235.18	63.33

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.