CBSE:TMA 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	15,127	16,752	16,933	19,719	12,870
Revenue	15,127	16,752	16,933	19,719	12,870
Revenue Growth (YoY)	-9.70%	-1.07%	-14.12%	53.22%	45.85%
Cost of Revenue	12,423	13,991	14,673	17,694	10,376
Gross Profit	2,704	2,761	2,261	2,024	2,494
Selling, General & Admin	1,041	1,048	986.96	943.82	873.21
Other Operating Expenses	44.19	42.74	538.18	2.82	-12.95
Operating Expenses	1,430	1,432	1,872	1,299	1,187
Operating Income	1,273	1,329	388.1	724.97	1,307
Interest Expense	-56.06	-62.65	-67.18	-52.27	-32.02
Interest & Investment Income	16.58	1.96	2.11	2.68	2.66
Earnings From Equity Investments	78.18	68.08	61.57	61.58	60.42
Currency Exchange Gain (Loss)	-23.02	39.26	-10.87	-16.11	16.75
Other Non Operating Income (Expenses)	-36.52	42.36	-1.17	-50.43	-4.29
EBT Excluding Unusual Items	1,252	1,418	372.56	670.42	1,350
Gain (Loss) on Sale of Assets	66.68	11.18	31.19	5.2	4.06
Pretax Income	1,319	1,429	403.75	675.62	1,354
Income Tax Expense	467.79	495.12	353.5	187.49	419.27
Net Income	851.08	934.2	50.25	488.12	934.91
Net Income to Common	851.08	934.2	50.25	488.12	934.91
Net Income Growth	-8.90%	1759.10%	-89.70%	-47.79%	107.20%
Shares Outstanding (Basic)	9	9	9	9	9
Shares Outstanding (Diluted)	9	9	9	9	9
EPS (Basic)	94.99	104.26	5.61	54.48	104.34
EPS (Diluted)	94.99	104.00	5.61	54.00	104.00
EPS Growth	-8.67%	1754.41%	-89.61%	-48.08%	108.00%
Free Cash Flow	1,306	810.87	1,174	-710.68	402.8
Free Cash Flow Per Share	145.77	90.50	131.01	-79.32	44.96
Dividend Per Share	-	113.000	56.000	56.000	56.000
Dividend Growth	-	101.79%	-	-	11.13%
Gross Margin	17.87%	16.48%	13.35%	10.27%	19.38%
Operating Margin	8.42%	7.93%	2.29%	3.68%	10.15%
Profit Margin	5.63%	5.58%	0.30%	2.48%	7.26%
Free Cash Flow Margin	8.63%	4.84%	6.93%	-3.60%	3.13%
EBITDA	1,593	1,646	726.38	1,039	1,620
EBITDA Margin	10.53%	9.83%	4.29%	5.27%	12.59%
D&A For EBITDA	320.23	316.83	338.27	314.02	313.74
EBIT	1,273	1,329	388.1	724.97	1,307
EBIT Margin	8.42%	7.93%	2.29%	3.68%	10.15%
Effective Tax Rate	35.47%	34.64%	87.55%	27.75%	30.96%
Revenue as Reported	15,127	16,752	16,933	19,719	12,870

Source: S&P Global Market Intelligence. Standard template. Financial Sources.