Vicenne S.A Balance Sheet

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

Millions MAD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	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	66.28	34.6	10.46	14.9	46.48
Short-Term Investments	523.69	-	-	6.56	-
Cash & Short-Term Investments	589.97	34.6	10.46	21.46	46.48
Cash Growth	1605.25%	230.67%	-51.24%	-53.83%	-
Accounts Receivable	1,052	857.6	663.7	535.03	385.18
Other Receivables	144.49	180.35	119.69	91.17	78.38
Receivables	1,197	1,038	783.39	626.2	463.56
Inventory	133.82	160.62	124.32	68.11	55.54
Total Current Assets	1,921	1,233	918.17	715.77	565.58
Property, Plant & Equipment	9.46	8.34	10.27	13.03	6.18
Long-Term Investments	3.94	0.05	-	-	-
Goodwill	55.25	65.5	74.96	85.2	45.37
Other Intangible Assets	5.24	5.74	7.8	8.59	6.34
Other Long-Term Assets	12.61	3.25	2.68	3.78	0.89
Total Assets	2,007	1,316	1,014	826.36	624.36
Accounts Payable	285.16	378.02	237.67	191.07	134.29
Accrued Expenses	129.38	105.43	-	-	-
Short-Term Debt	172.86	220.63	-	-	-
Other Current Liabilities	107.71	82.91	292.62	-	-
Total Current Liabilities	695.11	786.98	530.28	191.07	134.29
Long-Term Debt	48.39	65.94	194.11	155.75	131.74
Other Long-Term Liabilities	14.07	7.84	0	227.33	132.55
Total Liabilities	757.57	860.76	724.39	574.15	398.57
Common Stock	512.94	10	0.45	0.45	0.45
Additional Paid-In Capital	374.4	177.03	99.85	99.85	99.85
Retained Earnings	145.28	91.62	58.65	48.58	36.77
Comprehensive Income & Other	212.3	171.74	125.65	98	65.8
Total Common Equity	1,245	450.39	284.6	246.88	202.87
Minority Interest	4.66	4.9	4.89	5.33	22.92
Shareholders' Equity	1,250	455.29	289.49	252.21	225.79
Total Liabilities & Equity	2,007	1,316	1,014	826.36	624.36
Total Debt	221.25	286.57	194.11	155.75	131.74
Net Cash (Debt)	368.72	-251.97	-183.64	-134.29	-85.25
Working Capital	1,226	446.19	387.89	524.69	431.29
Tangible Book Value	1,184	379.15	201.84	153.09	151.16
Land	0.26	-	-	-	-
Buildings	9.01	-	-	-	-
Machinery	23.89	-	-	-	-
Construction In Progress	1.59	-	-	-	-

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