EPA:IAM 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	1,966	1,979	1,013	1,872	2,024
Short-Term Investments	198	-	-	-	-
Cash & Short-Term Investments	2,164	1,979	1,013	1,872	2,024
Cash Growth	9.35%	95.36%	-45.89%	-7.51%	-28.23%
Accounts Receivable	12,554	9,169	9,232	9,444	9,181
Other Receivables	-	3,529	3,064	3,716	3,518
Receivables	12,554	12,698	12,296	13,160	12,699
Inventory	451	323	445	484	318
Other Current Assets	-1	89	117	157	181
Total Current Assets	15,168	15,089	13,871	15,673	15,222
Property, Plant & Equipment	35,771	32,806	32,027	30,670	28,771
Long-Term Investments	3,750	129	120	120	100
Goodwill	9,094	8,969	9,230	9,389	8,976
Other Intangible Assets	11,654	10,295	7,300	7,696	7,521
Long-Term Deferred Tax Assets	374	357	527	445	508
Other Long-Term Assets	-	2,729	2,468	1,537	684
Total Assets	75,811	70,374	65,543	65,530	61,782
Accounts Payable	26,575	22,231	21,729	23,334	20,871
Accrued Expenses	-	2,604	2,481	2,894	2,994
Short-Term Debt	-	15,353	10,101	11,448	9,885
Current Portion of Long-Term Debt	9,154	2,950	2,690	2,061	2,403
Current Portion of Leases	-	509	437	411	389
Current Income Taxes Payable	2,444	767	781	1,179	787
Other Current Liabilities	881	852	1,452	1,208	1,332
Total Current Liabilities	39,054	45,266	39,671	42,535	38,661
Long-Term Debt	10,449	4,436	2,991	3,268	2,696
Long-Term Leases	-	1,194	1,189	1,057	1,071
Long-Term Deferred Tax Liabilities	811	92	77	83	50
Other Long-Term Liabilities	712	684	611	585	503
Total Liabilities	51,026	51,672	44,539	47,528	42,981
Common Stock	5,275	5,275	5,275	5,275	5,275
Retained Earnings	6,968	10,235	12,164	8,727	10,200
Comprehensive Income & Other	8,235	-602	-313	-107	-561
Total Common Equity	20,478	14,908	17,126	13,895	14,914
Minority Interest	4,307	3,794	3,878	4,107	3,887
Shareholders' Equity	24,785	18,702	21,004	18,002	18,801
Total Liabilities & Equity	75,811	70,374	65,543	65,530	61,782
Total Debt	19,603	24,442	17,408	18,245	16,444
Net Cash (Debt)	-17,439	-22,463	-16,395	-16,373	-14,420
Net Cash Per Share	-19.84	-25.55	-18.65	-18.62	-16.40
Filing Date Shares Outstanding	879.1	879.1	879.1	878.8	879.1
Total Common Shares Outstanding	879.1	879.1	879.1	878.8	879.1
Working Capital	-23,886	-30,177	-25,800	-26,862	-23,439
Book Value Per Share	23.29	16.96	19.48	15.81	16.97
Tangible Book Value	-270	-4,356	596	-3,190	-1,583
Tangible Book Value Per Share	-0.31	-4.96	0.68	-3.63	-1.80
Land	-	1,792	1,812	1,749	1,683
Buildings	-	10,630	10,389	10,142	9,856
Machinery	-	122,816	120,452	115,893	106,942

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