Vicenne S.A (CBSE:VCN)

Vicenne S.A Income Statement

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

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Revenue	1,084	836.62	699.69	592.68	477.47
Revenue Growth (YoY)	29.53%	19.57%	18.06%	24.13%	-
Cost of Revenue	778.41	611.09	427.84	356.82	274.62
Gross Profit	305.25	225.53	271.85	235.86	202.85
Selling, General & Admin	63.82	52.44	135.45	123.52	92.92
Amortization of Goodwill & Intangibles	10.09	10.09	10.09	7.48	5.34
Other Operating Expenses	15.76	10.96	-2.07	-0.97	1.05
Operating Expenses	89.66	73.49	145.32	135.3	119.58
Operating Income	215.59	152.04	126.53	100.57	83.27
Interest Expense	-13.19	-11.94	-11	-11.99	-2.87
Interest & Investment Income	1.86	0.22	-	-	-
Currency Exchange Gain (Loss)	2.76	-1.42	-	-	-
Other Non Operating Income (Expenses)	-0.66	0.05	-0	-	-
EBT Excluding Unusual Items	206.35	138.95	115.52	88.58	80.4
Gain (Loss) on Sale of Assets	-	0	-	-	-
Other Unusual Items	-	-	-14.02	-0.07	-4.3
Pretax Income	206.35	138.96	101.5	88.51	76.1
Income Tax Expense	62.15	47.74	42.36	37.41	30.88
Earnings From Continuing Operations	144.2	91.22	59.14	51.1	45.22
Minority Interest in Earnings	0.08	-0.01	-0.49	-2.52	-8.45
Net Income	144.28	91.22	58.65	48.58	36.77
Net Income to Common	144.28	91.22	58.65	48.58	36.77
Net Income Growth	58.18%	55.53%	20.72%	32.12%	-
Free Cash Flow	33.16	-202.49	-	-	-
Gross Margin	28.17%	26.96%	38.85%	39.80%	42.48%
Operating Margin	19.89%	18.17%	18.08%	16.97%	17.44%
Profit Margin	13.31%	10.90%	8.38%	8.20%	7.70%
Free Cash Flow Margin	3.06%	-24.20%	-	-	-
EBITDA	237.97	172.9	138.46	113.31	108.87
EBITDA Margin	21.96%	20.67%	19.79%	19.12%	22.80%
D&A For EBITDA	22.39	20.85	11.94	12.75	25.6
EBIT	215.59	152.04	126.53	100.57	83.27
EBIT Margin	19.89%	18.17%	18.08%	16.97%	17.44%
Effective Tax Rate	30.12%	34.35%	41.73%	42.27%	40.58%
Revenue as Reported	1,113	839.42	-	-	-

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