TAQA Morocco Ratios and Metrics

Market cap in millions MAD. Fiscal year is January - December.

Millions MAD. Fiscal year is Jan - Dec.

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Apr '26 Apr 6, 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
Market Capitalization	41,398	50,008	31,609	25,947	25,900	24,768
Market Cap Growth	3.36%	58.21%	21.82%	0.18%	4.57%	14.75%
Enterprise Value	48,534	57,178	40,293	33,696	35,336	33,934
PE Ratio	42.21	50.99	30.02	25.01	19.88	24.65
PS Ratio	3.89	4.70	2.91	1.97	1.90	3.17
PB Ratio	5.52	6.67	4.29	3.64	3.43	3.59
P/FCF Ratio	25.13	30.36	28.43	11.29	12.83	14.22
P/OCF Ratio	22.84	27.59	22.51	9.88	11.45	12.67
EV/Sales Ratio	4.56	5.38	3.70	2.56	2.60	4.34
EV/EBITDA Ratio	14.91	17.56	11.65	9.49	9.52	10.48
EV/EBIT Ratio	19.87	23.41	15.31	12.45	12.13	13.96
EV/FCF Ratio	29.46	34.71	36.24	14.66	17.50	19.49
Debt / Equity Ratio	1.29	1.29	1.40	1.55	1.20	1.40
Debt / EBITDA Ratio	2.97	2.97	2.99	3.10	2.45	2.97
Debt / FCF Ratio	5.88	5.88	9.30	4.80	4.50	5.53
Net Debt / Equity Ratio	0.86	0.86	0.92	0.95	0.89	1.17
Net Debt / EBITDA Ratio	1.97	1.97	1.96	1.91	1.80	2.50
Net Debt / FCF Ratio	3.89	3.89	6.09	2.95	3.31	4.64
Quick Ratio	2.13	2.13	2.19	1.81	1.09	1.46
Current Ratio	2.78	2.78	2.77	2.34	1.55	2.11
Asset Turnover	0.52	0.52	0.50	0.59	0.65	0.40
Return on Equity (ROE)	17.15%	17.15%	19.00%	18.38%	23.19%	18.91%
Return on Assets (ROA)	7.41%	7.41%	7.62%	7.56%	8.68%	7.79%
Return on Capital Employed (ROCE)	14.20%	14.20%	14.80%	14.90%	17.40%	14.50%
Earnings Yield	2.37%	1.96%	3.33%	4.00%	5.03%	4.06%
FCF Yield	3.98%	3.29%	3.52%	8.86%	7.80%	7.03%
Dividend Yield	2.09%	-	2.80%	3.31%	3.43%	3.70%
Payout Ratio	120.89%	120.89%	104.25%	170.87%	79.03%	100.60%
Buyback Yield / Dilution	0.02%	0.02%	-0.02%	0.00%	0.00%	0.01%
Total Shareholder Return	2.11%	0.02%	2.78%	3.32%	3.43%	3.71%

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Utility template. Financial Sources.