Résidences Dar Saada S.A Income Statement

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

Millions MAD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun '25 Jun 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Operating Revenue	123.85	135.91	421.18	543.11	776.24	618.17
Other Revenue	0	-	-0	-	-	-
Revenue	123.85	135.91	421.18	543.11	776.24	618.17
Revenue Growth (YoY)	-63.71%	-67.73%	-22.45%	-30.03%	25.57%	-55.23%
Cost of Revenue	173.59	77.26	654.53	125.27	337.32	206
Gross Profit	-49.73	58.65	-233.35	417.84	438.93	412.17
Selling, General & Admin	62.63	61.77	65.11	68.16	74.77	73.53
Other Operating Expenses	-107.72	30.35	-276.82	368.57	307.14	390.57
Operating Expenses	-41.59	95.62	-204.22	443.98	390.34	476.53
Operating Income	-8.14	-36.97	-29.13	-26.14	48.58	-64.37
Interest Expense	-33.29	-22.67	-31.89	-32.53	-55.37	-56.12
Other Non Operating Income (Expenses)	-0	-	-0	-	-	-0
EBT Excluding Unusual Items	-41.43	-59.64	-61.01	-58.67	-6.79	-120.49
Gain (Loss) on Sale of Assets	-0.05	-0.09	7.3	-0.01	-	-0.42
Other Unusual Items	-17.84	-16.93	-5.99	0.53	-3.06	-11.33
Pretax Income	-58.92	-76.67	-59.7	-58.16	-9.85	-132.24
Income Tax Expense	4.58	6.16	7.44	3.32	7.21	3.02
Earnings From Continuing Operations	-63.5	-82.83	-67.14	-61.48	-17.07	-135.25
Minority Interest in Earnings	0.02	0.02	-0	0	0.01	0.02
Net Income	-63.48	-82.81	-67.14	-61.47	-17.06	-135.23
Net Income to Common	-63.48	-82.81	-67.14	-61.47	-17.06	-135.23
Shares Outstanding (Basic)	26	26	26	26	26	26
Shares Outstanding (Diluted)	26	26	26	26	26	26
EPS (Basic)	-2.42	-3.16	-2.56	-2.35	-0.65	-5.16
EPS (Diluted)	-2.42	-3.16	-2.56	-2.35	-0.65	-5.16
Free Cash Flow	147.31	351.04	58.9	631.19	243.1	135.56
Free Cash Flow Per Share	5.62	13.39	2.25	24.08	9.28	5.17
Gross Margin	-40.16%	43.15%	-55.40%	76.94%	56.55%	66.67%
Operating Margin	-6.57%	-27.20%	-6.92%	-4.81%	6.26%	-10.41%
Profit Margin	-51.25%	-60.93%	-15.94%	-11.32%	-2.20%	-21.88%
Free Cash Flow Margin	118.94%	258.29%	13.98%	116.22%	31.32%	21.93%
EBITDA	-6.64	-33.47	-21.64	-18.88	57.02	-51.93
EBITDA Margin	-5.36%	-24.63%	-5.14%	-3.48%	7.35%	-8.40%
D&A For EBITDA	1.5	3.5	7.49	7.26	8.44	12.44
EBIT	-8.14	-36.97	-29.13	-26.14	48.58	-64.37
EBIT Margin	-6.57%	-27.20%	-6.92%	-4.81%	6.26%	-10.41%
Revenue as Reported	247.74	113.94	693.72	170.29	463.53	231.97

Updated Jun 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.