Risma 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
Revenue	1,634	1,264	1,175	1,037	524.87
Revenue Growth (YoY)	29.26%	7.60%	13.31%	97.49%	4.34%
Cost of Revenue	993.03	792.37	751.4	678.77	466.5
Gross Profit	640.5	471.4	423.12	357.8	58.37
Selling, General & Admin	9.21	10.18	9.21	5.55	0.78
Operating Expenses	215.89	178.56	173.32	153.8	141.88
Operating Income	424.61	292.84	249.8	204	-83.52
Interest Expense	-104.65	-96.95	-117.11	-60.93	-98.68
Earnings From Equity Investments	-	-	-	7.59	-0.84
Other Non Operating Income (Expenses)	8.93	30.48	186.59	2.61	3.46
EBT Excluding Unusual Items	328.89	226.38	319.29	153.27	-179.58
Gain (Loss) on Sale of Assets	7.82	-	-	15.82	15.82
Pretax Income	336.71	226.38	319.29	169.09	-163.76
Income Tax Expense	56.16	30.08	65.97	10.39	20.39
Earnings From Continuing Operations	280.55	196.3	253.32	158.7	-184.15
Minority Interest in Earnings	-10.93	-13.27	-9.26	-6.63	12.32
Net Income	269.62	183.02	244.05	152.08	-171.83
Net Income to Common	269.62	183.02	244.05	152.08	-171.83
Net Income Growth	47.32%	-25.01%	60.48%	-	-
Shares Outstanding (Basic)	14	14	14	14	14
Shares Outstanding (Diluted)	14	14	14	14	14
EPS (Basic)	18.82	12.77	17.03	10.61	-11.99
EPS (Diluted)	18.82	12.77	17.00	10.61	-12.00
EPS Growth	47.32%	-24.85%	60.16%	-	-
Free Cash Flow	130.27	301.09	-23.16	344.05	-257.59
Free Cash Flow Per Share	9.09	21.02	-1.62	24.01	-17.98
Dividend Per Share	9.000	7.000	6.000	-	-
Dividend Growth	28.57%	16.67%	-	-	-
Gross Margin	39.21%	37.30%	36.02%	34.52%	11.12%
Operating Margin	25.99%	23.17%	21.27%	19.68%	-15.91%
Profit Margin	16.50%	14.48%	20.78%	14.67%	-32.74%
Free Cash Flow Margin	7.98%	23.82%	-1.97%	33.19%	-49.08%
EBITDA	648.51	461.1	411.36	343.95	61.83
EBITDA Margin	39.70%	36.49%	35.02%	33.18%	11.78%
D&A For EBITDA	223.9	168.26	161.57	139.95	145.35
EBIT	424.61	292.84	249.8	204	-83.52
EBIT Margin	25.99%	23.17%	21.27%	19.68%	-15.91%
Effective Tax Rate	16.68%	13.29%	20.66%	6.14%	-

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