Vicenne S.A Balance Sheet

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

Millions MAD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Cash & Equivalents	34.6	10.46	14.9	46.48
Short-Term Investments	-	-	6.56	-
Cash & Short-Term Investments	34.6	10.46	21.46	46.48
Cash Growth	230.67%	-51.24%	-53.83%	-
Accounts Receivable	832.61	663.7	535.03	385.18
Other Receivables	206.71	119.69	91.17	78.38
Receivables	1,039	783.39	626.2	463.56
Inventory	160.62	124.32	68.11	55.54
Total Current Assets	1,235	918.17	715.77	565.58
Property, Plant & Equipment	8.34	10.27	13.03	6.18
Goodwill	64.71	74.96	85.2	45.37
Other Intangible Assets	6.53	7.8	8.59	6.34
Other Long-Term Assets	1.94	2.68	3.78	0.89
Total Assets	1,316	1,014	826.36	624.36
Accounts Payable	269.93	237.67	191.07	134.29
Other Current Liabilities	-	292.62	-	-
Total Current Liabilities	269.93	530.28	191.07	134.29
Long-Term Debt	286.57	194.11	155.75	131.74
Other Long-Term Liabilities	304.26	0	227.33	132.55
Total Liabilities	860.76	724.39	574.15	398.57
Common Stock	10	0.45	0.45	0.45
Additional Paid-In Capital	177.03	99.85	99.85	99.85
Retained Earnings	91.22	58.65	48.58	36.77
Comprehensive Income & Other	172.14	125.65	98	65.8
Total Common Equity	450.39	284.6	246.88	202.87
Minority Interest	4.9	4.89	5.33	22.92
Shareholders' Equity	455.29	289.49	252.21	225.79
Total Liabilities & Equity	1,316	1,014	826.36	624.36
Total Debt	286.57	194.11	155.75	131.74
Net Cash (Debt)	-251.97	-183.64	-134.29	-85.25
Working Capital	964.6	387.89	524.69	431.29
Tangible Book Value	379.15	201.84	153.09	151.16

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