TAQA Morocco Balance Sheet

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

Millions MAD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 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 & Equivalents	-	42.18	52.22	869.07	1,276	447.35
Short-Term Investments	-	3,227	3,518	3,365	1,124	1,105
Accounts Receivable	-	2,176	2,272	2,134	2,894	1,775
Other Receivables	-	1,187	1,129	1,021	993.95	572.45
Inventory	-	2,021	1,812	2,106	2,606	1,749
Other Current Assets	-	13.58	14.76	23.67	64.1	8.56
Total Current Assets	-	8,666	8,798	9,518	8,957	5,657
Property, Plant & Equipment	-	7,307	7,615	7,887	8,286	8,635
Goodwill	-	103.58	-	-	-	-
Other Intangible Assets	-	4,126	4,337	4,597	4,712	4,934
Long-Term Loans Receivable	-	0.06	0.23	0.23	0.25	0.28
Other Long-Term Assets	-	96.39	170.04	243.85	578.73	169.3
Total Assets	-	20,300	20,920	22,247	22,534	19,395
Accounts Payable	-	2,213	2,381	2,328	2,964	1,290
Accrued Expenses	-	573.36	534.44	671.75	716.59	561.23
Other Current Liabilities	-	303.5	241.12	1,043	2,063	779.06
Total Current Liabilities	-	3,119	3,180	4,073	5,782	2,680
Long-Term Debt	-	9,660	10,319	10,992	9,057	9,597
Long-Term Leases	-	18.92	23.8	28.43	32.82	37
Other Long-Term Liabilities	-	2.84	29.15	22.59	108.7	175.43
Total Liabilities	-	12,801	13,552	15,117	14,981	12,489
Common Stock	-	2,359	2,359	2,359	2,359	2,359
Additional Paid-In Capital	-	1,165	1,165	1,165	1,165	1,165
Retained Earnings	-	980.72	1,053	1,037	1,303	1,005
Comprehensive Income & Other	-	2,268	2,088	1,877	1,400	1,220
Total Common Equity	6,773	6,773	6,665	6,438	6,226	5,749
Minority Interest	-	725.87	703.75	692.3	1,327	1,157
Shareholders' Equity	7,499	7,499	7,369	7,130	7,553	6,906
Total Liabilities & Equity	-	20,300	20,920	22,247	22,534	19,395
Total Debt	9,679	9,679	10,343	11,021	9,090	9,634
Net Cash (Debt)	-6,410	-6,410	-6,773	-6,787	-6,691	-8,081
Net Cash Per Share	-271.74	-271.77	-287.09	-287.74	-283.67	-342.60
Filing Date Shares Outstanding	23.59	23.59	23.59	23.59	23.59	23.59
Total Common Shares Outstanding	23.59	23.59	23.59	23.59	23.59	23.59
Working Capital	-	5,547	5,618	5,445	3,175	2,977
Book Value Per Share	287.12	287.12	282.54	272.91	263.94	243.71
Tangible Book Value	2,543	2,543	2,328	1,840	1,514	815.2
Tangible Book Value Per Share	107.80	107.80	98.69	78.02	64.17	34.56