Salafin Balance Sheet

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
Cash & Equivalents	0.07	0.07	0.08	0.08	0.07
Long-Term Investments	0.4	0.4	0.4	0.4	0.4
Loans & Lease Receivables	2,538	2,581	2,732	2,806	2,802
Other Receivables	162.25	216.98	225.31	196.56	197.39
Property, Plant & Equipment	866.21	680.49	695.42	947.82	981.73
Other Intangible Assets	245.93	246.83	250.98	253.68	253.88
Other Long-Term Assets	0.86	0.86	0.86	0.86	0.86
Total Assets	3,813	3,726	3,905	4,206	4,236
Interest Bearing Deposits	145.46	146.04	450.23	528.43	363.68
Non-Interest Bearing Deposits	340.93	482.77	156.34	113.59	164.09
Total Deposits	486.39	628.8	606.57	642.02	527.77
Accounts Payable	293.89	307.21	281.41	279.55	261.28
Accrued Expenses	282.43	254.72	272.96	624.86	542.06
Current Portion of Long-Term Debt	1,151	-	-	-	-
Long-Term Debt	429	1,334	1,498	1,744	1,914
Other Long-Term Liabilities	299.78	334.29	383.45	58.68	58.03
Total Liabilities	2,943	2,859	3,043	3,349	3,303
Common Stock	312.41	312.41	312.41	312.41	312.41
Retained Earnings	96.12	93.15	90.58	85.75	84.73
Comprehensive Income & Other	462.3	461.32	459.78	458.38	536.11
Shareholders' Equity	870.83	866.88	862.77	856.54	933.25
Total Liabilities & Equity	3,813	3,726	3,905	4,206	4,236
Total Debt	1,580	1,334	1,498	1,744	1,914
Net Cash (Debt)	-1,580	-1,334	-1,498	-1,744	-1,914
Net Cash Per Share	-509.58	-429.74	-479.65	-549.17	-609.78
Filing Date Shares Outstanding	3.12	3.12	3.12	3.12	3.12
Total Common Shares Outstanding	3.12	3.12	3.12	3.12	3.12
Working Capital	486.21	1,607	1,797	1,457	1,668
Book Value Per Share	278.75	277.48	276.16	274.17	298.72
Tangible Book Value	624.9	620.05	611.79	602.86	679.37
Tangible Book Value Per Share	200.02	198.47	195.83	192.97	217.46