Salafin Cash Flow Statement

Financials in millions MAD. Fiscal year is January - December.

Millions MAD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	2015 - 2019
Period Ending	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	2015 - 2019
Net Income	93.15	90.58	85.75	84.73	-16.37	Upgrade
Depreciation & Amortization	10.87	11.98	12.55	12.04	11.61	Upgrade
Change in Other Net Operating Assets	-794.47	-563.56	-393.92	-259.83	-462.53	Upgrade
Other Operating Activities	454.74	505.42	514.43	527.94	656.68	Upgrade
Operating Cash Flow	-235.71	44.42	218.81	364.88	189.4	Upgrade
Operating Cash Flow Growth	-	-79.70%	-40.03%	92.65%	33.21%	Upgrade
Capital Expenditures	-3.68	-5.54	-8.43	-6.66	-6.55	Upgrade
Other Investing Activities	2	2.72	2.59	2.41	3.4	Upgrade
Investing Cash Flow	-1.68	-2.82	-5.85	-4.25	-3.15	Upgrade
Common Dividends Paid	-89.04	-84.35	-162.45	-162.29	-129.58	Upgrade
Financing Cash Flow	-89.04	-84.35	-162.45	-162.29	-129.58	Upgrade
Net Cash Flow	-326.43	-42.75	50.51	198.33	56.67	Upgrade
Free Cash Flow	-239.39	38.88	210.38	358.22	182.86	Upgrade
Free Cash Flow Growth	-	-81.52%	-41.27%	95.90%	37.88%	Upgrade
Free Cash Flow Margin	-35.33%	5.46%	29.59%	49.94%	31.93%	Upgrade
Free Cash Flow Per Share	-77.10	12.45	66.24	114.15	55.86	Upgrade
Cash Income Tax Paid	63	58.73	53.82	52.23	2.31	Upgrade

Updated Sep 30, 2024. Source: S&P Global Market Intelligence. Financial Services template. Financial Sources.