CBSE:S2M 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
Operating Revenue	366.85	312.71	279.98	279.61	263.18
Revenue	366.85	312.71	279.98	279.61	263.18
Revenue Growth (YoY)	17.31%	11.69%	0.13%	6.25%	14.97%
Cost of Revenue	303.03	253.36	221.52	234.34	233.88
Gross Profit	63.81	59.35	58.46	45.28	29.3
Other Operating Expenses	9.95	15.05	20.84	22.79	-29.91
Operating Expenses	9.95	15.05	20.84	22.79	-29.91
Operating Income	53.86	44.3	37.63	22.49	59.21
Interest Expense	-	-1.88	-2.54	-3.74	-5.8
Interest & Investment Income	-	-	0.01	-	0.03
Currency Exchange Gain (Loss)	-	-	-5.54	3.79	-0.33
Other Non Operating Income (Expenses)	16.72	-	-0.78	1.39	1.25
EBT Excluding Unusual Items	70.59	42.42	28.79	23.92	54.36
Other Unusual Items	-28.8	-4.88	-4.95	-3.52	-51.17
Pretax Income	41.79	37.55	23.83	20.41	3.19
Income Tax Expense	9.23	9.09	4.44	3.37	2.02
Earnings From Continuing Operations	32.56	28.46	19.39	17.04	1.17
Minority Interest in Earnings	-	0.95	2.16	3.28	1.51
Net Income	32.56	29.41	21.55	20.32	2.68
Net Income to Common	32.56	29.41	21.55	20.32	2.68
Net Income Growth	10.69%	36.48%	6.04%	657.74%	-
Shares Outstanding (Basic)	1	1	1	1	1
Shares Outstanding (Diluted)	1	1	1	1	1
EPS (Basic)	40.09	36.22	26.54	25.03	3.30
EPS (Diluted)	40.09	36.22	26.54	25.03	3.30
EPS Growth	10.69%	36.48%	6.04%	657.74%	-
Free Cash Flow	-	14.82	30.09	19.56	26.81
Free Cash Flow Per Share	-	18.25	37.05	24.08	33.01
Gross Margin	17.39%	18.98%	20.88%	16.19%	11.13%
Operating Margin	14.68%	14.17%	13.44%	8.04%	22.50%
Profit Margin	8.88%	9.41%	7.70%	7.27%	1.02%
Free Cash Flow Margin	-	4.74%	10.75%	6.99%	10.19%
EBITDA	60.02	50.45	39.16	42.57	67.84
EBITDA Margin	16.36%	16.13%	13.99%	15.22%	25.78%
D&A For EBITDA	6.15	6.15	1.53	20.08	8.63
EBIT	53.86	44.3	37.63	22.49	59.21
EBIT Margin	14.68%	14.17%	13.44%	8.04%	22.50%
Effective Tax Rate	22.08%	24.20%	18.63%	16.49%	63.36%
Revenue as Reported	367.23	308.41	283.41	275.44	250.39

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