T2S Group Holding 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
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023
Operating Revenue	1,763	1,508	1,374
Other Revenue	0.72	50.59	56.9
Revenue	1,764	1,559	1,431
Revenue Growth	13.19%	8.95%	-
Cost of Revenue	1,080	962.06	903.92
Gross Profit	683.87	596.47	526.62
Selling, General & Admin	193.68	173.85	146.53
Amortization of Goodwill & Intangibles	-	-	98.68
Other Operating Expenses	101.78	113.8	94.52
Operating Expenses	367.93	397.41	339.73
Operating Income	315.94	199.06	186.88
Interest Expense	-46.96	-46.98	-41.27
Interest & Investment Income	7.06	-	-
Other Non Operating Income (Expenses)	-3.94	7.67	-0.21
EBT Excluding Unusual Items	272.09	159.75	145.4
Gain (Loss) on Sale of Assets	-	-	0.03
Other Unusual Items	65.28	-	-
Pretax Income	337.37	159.75	145.43
Income Tax Expense	126.1	82.16	65.5
Earnings From Continuing Operations	211.27	77.59	79.94
Minority Interest in Earnings	-6.69	-10.28	-5
Net Income	204.58	67.31	74.94
Net Income to Common	204.58	67.31	74.94
Net Income Growth	203.93%	-10.18%	-
Shares Outstanding (Basic)	9	9	9
Shares Outstanding (Diluted)	9	9	9
Shares Change	-	-	-
EPS (Basic)	22.07	7.26	8.08
EPS (Diluted)	22.07	7.26	8.08
EPS Growth	203.93%	-10.18%	-

Additional Metrics

Fiscal Year	FY 2025	FY 2024	FY 2023
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023
Free Cash Flow	282.78	6.39	-26.8
Free Cash Flow Per Share	30.50	0.69	-2.89
Gross Margin	38.77%	38.27%	36.81%
Operating Margin	17.91%	12.77%	13.06%
Profit Margin	11.60%	4.32%	5.24%
Free Cash Flow Margin	16.03%	0.41%	-1.87%
EBITDA	330.22	229.32	196.65
EBITDA Margin	18.72%	14.71%	13.75%
D&A For EBITDA	14.29	30.26	9.76
EBIT	315.94	199.06	186.88
EBIT Margin	17.91%	12.77%	13.06%
Effective Tax Rate	37.38%	51.43%	45.04%