Stokvis Nord Afrique 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	44.62	227.77	25.69	27.23	18.19
Short-Term Investments	2.22	8.68	6.85	8.41	8.59
Cash & Short-Term Investments	46.84	236.45	32.55	35.64	26.78
Cash Growth	-80.19%	626.45%	-8.67%	33.08%	104.63%
Accounts Receivable	100.77	82.88	127.21	162.39	265.25
Other Receivables	127.39	150.36	137.56	155.92	141.29
Receivables	228.16	233.24	264.77	318.31	406.55
Inventory	51.93	49.22	90.08	138.54	161.35
Total Current Assets	326.92	518.91	387.39	492.49	594.67
Property, Plant & Equipment	28.85	32.31	33.06	41.13	46.1
Long-Term Investments	0.02	0.52	-	-	0.52
Goodwill	1.48	13.73	-	-	22.85
Other Intangible Assets	0.74	0.07	22.93	22.87	0.05
Long-Term Deferred Tax Assets	54.4	42.02	39.04	40.3	92.04
Long-Term Deferred Charges	-	-	-	-	7.69
Other Long-Term Assets	13.22	18.99	6.35	11.85	2.97
Total Assets	425.64	626.54	488.77	608.63	766.89
Accounts Payable	68.72	49.86	45.23	137.61	174.36
Accrued Expenses	95.41	131.17	-	-	86.92
Short-Term Debt	146.47	307.76	413.66	362.9	351.33
Other Current Liabilities	114.51	144.55	225.09	182.95	38.27
Total Current Liabilities	425.11	633.34	683.99	683.45	650.89
Long-Term Debt	80.77	82.2	117.38	139.85	127.88
Long-Term Leases	11.31	15.21	-	-	23.2
Other Long-Term Liabilities	4.97	8.52	9.11	4.57	0.56
Total Liabilities	522.15	739.27	810.48	827.87	802.52
Common Stock	-97.21	-113.25	-322.25	-219.82	-36.25
Total Common Equity	-97.21	-113.25	-322.25	-219.82	-36.25
Minority Interest	0.7	0.52	0.54	0.58	0.62
Shareholders' Equity	-96.52	-112.73	-321.71	-219.24	-35.63
Total Liabilities & Equity	425.64	626.54	488.77	608.63	766.89
Total Debt	238.55	405.17	531.04	502.75	502.41
Net Cash (Debt)	-191.71	-168.72	-498.49	-467.11	-475.63
Net Cash Per Share	-10.83	-9.53	-54.21	-50.80	-51.73
Filing Date Shares Outstanding	17.7	17.7	9.2	9.2	9.2
Total Common Shares Outstanding	17.7	17.7	9.2	9.2	9.2
Working Capital	-98.18	-114.43	-296.6	-190.97	-56.22
Book Value Per Share	-5.49	-6.40	-35.05	-23.91	-3.94
Tangible Book Value	-99.43	-127.05	-345.18	-242.69	-59.15
Tangible Book Value Per Share	-5.62	-7.18	-37.54	-26.39	-6.43
Land	16.23	16.23	-	-	16.89
Buildings	25.88	27.74	-	-	31.1
Machinery	28.94	33.01	-	-	74.17
Construction In Progress	3.84	3.58	-	-	8.54