Résidences Dar Saada S.A Cash Flow 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
Net Income	-59.2	-82.81	-67.14	-61.47	-17.06	-135.23
Depreciation & Amortization	3.5	3.5	7.49	7.26	8.44	12.44
Loss (Gain) From Sale of Assets	-0.04	-	-16.23	-0.01	-	-0.02
Other Operating Activities	3.01	-0.59	0.14	-0.93	-5.27	-12.93
Change in Other Net Operating Assets	199.82	430.94	134.63	686.35	256.99	271.3
Operating Cash Flow	147.09	351.04	58.9	631.19	243.1	135.56
Operating Cash Flow Growth	43.34%	495.98%	-90.67%	159.64%	79.33%	-
Capital Expenditures	0.22	-	-	-	-	-
Sale of Property, Plant & Equipment	5.41	0.88	19.34	2.66	6.52	9.98
Cash Acquisitions	-	-	-	-	-	-0.17
Investment in Securities	0.5	-40.5	0.28	-16.11	1.5	0.49
Other Investing Activities	-4.13	-	-	-	0	0
Investing Cash Flow	2	-39.62	19.62	-13.45	8.02	10.3
Long-Term Debt Repaid	-	-36.75	-106.45	-688.73	-187.37	-43.76
Net Debt Issued (Repaid)	-146.36	-36.75	-106.45	-688.73	-187.37	-43.76
Common Dividends Paid	-	-	-	-	-	-0.01
Financing Cash Flow	-146.36	-36.75	-106.45	-688.73	-187.37	-43.77
Miscellaneous Cash Flow Adjustments	0	0	-0	-	-0	-0
Net Cash Flow	2.73	274.67	-27.93	-70.98	63.75	102.09
Free Cash Flow	147.31	351.04	58.9	631.19	243.1	135.56
Free Cash Flow Growth	43.86%	495.98%	-90.67%	159.64%	79.33%	-
Free Cash Flow Margin	118.94%	258.29%	13.98%	116.22%	31.32%	21.93%
Free Cash Flow Per Share	5.62	13.39	2.25	24.08	9.28	5.17
Levered Free Cash Flow	468.7	397.16	103.99	656.94	261.18	208.43
Unlevered Free Cash Flow	489.5	411.33	123.92	677.27	295.79	243.51
Change in Working Capital	199.82	430.94	134.63	686.35	256.99	271.3

Source: S&P Global Market Intelligence. Standard template. Financial Sources.