TAQA Morocco S.A. (CBSE:TQM)

Morocco · Delayed Price · Currency is MAD

1,720.00

-21.00 (-1.21%)

At close: Sep 18, 2026

TAQA Morocco Financials Overview

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

Millions MAD. Fiscal year is Jan - Dec.

Revenue & Profits

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 2026	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
Revenue	10,346	10,638	10,878	13,191	13,604	7,812
Revenue Growth	-2.48%	-2.21%	-17.53%	-3.03%	74.13%	0.30%
Net Income	1,006	980.72	1,053	1,037	1,303	1,005
Earnings Per Share	42.66	41.58	44.63	43.98	55.23	42.60
EPS Growth	4.43%	-6.83%	1.48%	-20.37%	29.65%	14.18%

Cash & Debt

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 2026	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 & Investments	3,673	3,269	3,570	4,234	2,399	1,553
Total Debt	9,411	9,679	10,343	11,021	9,090	9,634
Net Cash (Debt)	-5,737	-6,410	-6,773	-6,787	-6,691	-8,081
Net Cash Growth	-	-	-	-	-	-
Net Cash Per Share	-243.26	-271.77	-287.09	-287.74	-283.67	-342.60

Cash Flow & CapEx

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 2026	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 Cash Flow	2,293	1,813	1,404	2,626	2,261	1,955
Capital Expenditures	-570.9	-165.39	-292.37	-328.39	-242.13	-213.41
Free Cash Flow	1,722	1,647	1,112	2,298	2,019	1,741
Free Cash Flow Growth	-10.82%	48.19%	-51.62%	13.81%	15.96%	365.47%

Margins

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 2026	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
Pretax Margin	19.73%	18.66%	19.28%	15.36%	17.99%	24.08%
Profit Margin	9.72%	9.22%	9.68%	7.86%	9.58%	12.86%
FCF Margin	16.65%	15.49%	10.22%	17.42%	14.84%	22.29%

Dividends

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep '26 Sep 21, 2026	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
Dividend Per Share	38.000	38.000	37.000	35.000	35.000	35.000
Dividend Per Share Growth	2.70%	2.70%	5.71%	0%	0%	0%
Dividend Yield	2.21%	1.83%	2.86%	3.38%	3.51%	3.78%

Valuation

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep '26 Sep 21, 2026	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
PE Ratio	40.32	50.99	30.02	25.01	19.88	24.65
Forward PE	36.99	45.35	27.68	22.86	18.94	28.73
P/FCF Ratio	23.56	30.36	28.43	11.29	12.83	14.22
PS Ratio	3.92	4.70	2.91	1.97	1.90	3.17