CBSE:TMA Cash Flow Statement

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

Millions MAD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun '25 Jun 30, 2025	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
Net Income	852.49	934.2	50.25	488.12	934.91	451.21
Depreciation & Amortization	309.71	316.83	338.27	314.02	313.74	290.77
Loss (Gain) From Sale of Assets	-62.64	-11.12	-26.8	-0.35	-3.8	3.76
Asset Writedown & Restructuring Costs	73.37	-	-	-	-	-
Loss (Gain) on Equity Investments	-1.48	-1.48	-3.88	1.82	6.37	-3.53
Other Operating Activities	-78.75	-9.23	13.44	-0.72	-6.51	29.92
Change in Other Net Operating Assets	386.23	-66.99	1,387	-1,164	-407.69	615.39
Operating Cash Flow	1,479	1,162	1,758	-361.12	837.01	1,388
Operating Cash Flow Growth	65.20%	-33.91%	-	-	-39.67%	27.73%
Capital Expenditures	-418.56	-351.33	-584.57	-349.55	-434.21	-455.85
Sale of Property, Plant & Equipment	65.28	11.18	31.19	5.2	4.06	0.21
Investment in Securities	-18	-	-	-27.9	-	-
Investing Cash Flow	-371.01	-340.21	-553.31	-361.42	-430.38	-458.35
Long-Term Debt Issued	-	29.55	87.92	-	-	94.15
Total Debt Issued	29.55	29.55	87.92	-	-	94.15
Long-Term Debt Repaid	-	-	-	-113.06	-87.92	-
Total Debt Repaid	-4.18	-	-	-113.06	-87.92	-
Net Debt Issued (Repaid)	25.38	29.55	87.92	-113.06	-87.92	94.15
Common Dividends Paid	-1,012	-501.76	-501.76	-501.76	-451.53	-501.76
Other Financing Activities	-	-	-	-	-	0
Financing Cash Flow	-987.1	-472.21	-413.84	-614.82	-539.45	-407.61
Net Cash Flow	120.81	349.77	791.26	-1,337	-132.82	521.55
Free Cash Flow	1,060	810.87	1,174	-710.68	402.8	931.67
Free Cash Flow Growth	258.25%	-30.92%	-	-	-56.77%	141.75%
Free Cash Flow Margin	6.71%	4.84%	6.93%	-3.60%	3.13%	10.56%
Free Cash Flow Per Share	118.44	90.50	131.01	-79.32	44.96	103.98
Levered Free Cash Flow	1,095	664.77	1,354	-760.51	251.06	907.12
Unlevered Free Cash Flow	1,127	703.93	1,396	-727.84	271.07	931.76
Change in Working Capital	386.23	-66.99	1,387	-1,164	-407.69	615.39

Updated Jun 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.