Risma 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	225.02	183.02	244.05	152.08	-171.83	-302.93
Depreciation & Amortization	10.26	168.26	161.57	156.45	161.44	166.06
Other Operating Activities	158.05	23.05	-55.33	5.68	-20.7	94.31
Change in Other Net Operating Assets	18.71	60.71	-204.43	121.73	-114.36	26.36
Operating Cash Flow	412.03	435.03	145.86	435.93	-145.45	-16.2
Operating Cash Flow Growth	12.25%	198.26%	-66.54%	-	-	-
Capital Expenditures	-335.94	-133.94	-169.02	-91.88	-112.14	-76.22
Sale of Property, Plant & Equipment	27.52	26.52	174	0.44	0.21	0.69
Investment in Securities	-0.84	0.17	-	-	-	-
Other Investing Activities	-1	0	-32.74	-0	0	-0
Investing Cash Flow	-310.26	-107.26	-27.76	-91.44	-111.93	-75.53
Short-Term Debt Issued	-	7.46	87.66	13.78	-	-
Long-Term Debt Issued	-	-	284	237.88	170.29	211.8
Total Debt Issued	25.46	7.46	371.66	251.66	170.29	211.8
Short-Term Debt Repaid	-	-	-	-	-8.56	-26.16
Long-Term Debt Repaid	-	-279.94	-657.13	-	-	-
Total Debt Repaid	-314.94	-279.94	-657.13	-	-8.56	-26.16
Net Debt Issued (Repaid)	-289.48	-272.48	-285.47	251.66	161.73	185.64
Common Dividends Paid	-108.96	-85.96	-	-0	-0	-
Other Financing Activities	1	-	-	0	-	19.43
Financing Cash Flow	-397.44	-358.44	-285.47	251.66	161.72	205.07
Miscellaneous Cash Flow Adjustments	1	-	-	-	-	-
Net Cash Flow	-294.66	-30.66	-167.37	596.15	-95.65	113.34
Free Cash Flow	76.09	301.09	-23.16	344.05	-257.59	-92.42
Free Cash Flow Growth	-64.32%	-	-	-	-	-
Free Cash Flow Margin	5.76%	23.82%	-1.97%	33.19%	-49.08%	-18.37%
Free Cash Flow Per Share	5.31	21.02	-1.62	24.01	-17.98	-6.45
Cash Income Tax Paid	25.13	18.13	9.18	4.51	3.04	2.94
Levered Free Cash Flow	-177.25	193.03	-107.19	277.21	-206.17	-9.78
Unlevered Free Cash Flow	-121.04	253.62	-34	315.3	-144.5	51.81
Change in Working Capital	18.71	60.71	-204.43	121.73	-114.36	26.36

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