FRA:MSPA Income Statement

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

Millions MAD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun '25 Jun 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Revenue	36,480	36,699	36,786	35,731	35,790	36,769
Revenue Growth (YoY)	-0.46%	-0.24%	2.95%	-0.17%	-2.66%	0.69%
Cost of Revenue	7,747	7,860	8,230	8,033	9,155	9,618
Gross Profit	28,733	28,839	28,556	27,698	26,635	27,151
Selling, General & Admin	574	574	492	426	398	353
Other Operating Expenses	13,117	15,330	8,767	11,138	7,174	10,540
Operating Expenses	14,771	22,777	16,950	18,709	15,049	15,133
Operating Income	13,962	6,062	11,606	8,989	11,586	12,018
Interest Expense	-1,191	-1,074	-892	-706	-826	-888
Interest & Investment Income	59	59	42	18	27	17
Currency Exchange Gain (Loss)	-86	-86	-84	-34	-52	-2
Other Non Operating Income (Expenses)	41	-10	27	-22	-113	-1,484
EBT Excluding Unusual Items	12,785	4,951	10,699	8,245	10,622	9,661
Merger & Restructuring Charges	-	-	-	-2	-14	-
Other Unusual Items	-	-	-700	-	-	-
Pretax Income	12,785	4,951	9,999	8,243	10,608	9,661
Income Tax Expense	4,880	2,291	3,838	4,604	3,680	3,372
Earnings From Continuing Operations	7,905	2,660	6,161	3,639	6,928	6,289
Minority Interest in Earnings	-840	-859	-878	-889	-920	-866
Net Income	7,065	1,801	5,283	2,750	6,008	5,423
Net Income to Common	7,065	1,801	5,283	2,750	6,008	5,423
Net Income Growth	464.75%	-65.91%	92.11%	-54.23%	10.79%	98.94%
Shares Outstanding (Basic)	879	879	879	879	879	879
Shares Outstanding (Diluted)	879	879	879	879	879	879
EPS (Basic)	8.04	2.05	6.01	3.13	6.83	6.17
EPS (Diluted)	8.03	2.05	6.01	3.13	6.83	6.17
EPS Growth	464.28%	-65.91%	92.11%	-54.20%	10.72%	99.00%
Free Cash Flow	3,301	-65	5,076	4,929	8,265	6,947
Free Cash Flow Per Share	3.75	-0.07	5.77	5.61	9.40	7.90
Dividend Per Share	1.430	1.430	4.200	2.190	4.780	4.010
Dividend Growth	-65.95%	-65.95%	91.78%	-54.18%	19.20%	-27.62%
Gross Margin	78.76%	78.58%	77.63%	77.52%	74.42%	73.84%
Operating Margin	38.27%	16.52%	31.55%	25.16%	32.37%	32.68%
Profit Margin	19.37%	4.91%	14.36%	7.70%	16.79%	14.75%
Free Cash Flow Margin	9.05%	-0.18%	13.80%	13.79%	23.09%	18.89%
EBITDA	14,380	12,273	16,996	15,047	17,632	18,423
EBITDA Margin	39.42%	33.44%	46.20%	42.11%	49.27%	50.10%
D&A For EBITDA	418	6,211	5,390	6,058	6,046	6,405
EBIT	13,962	6,062	11,606	8,989	11,586	12,018
EBIT Margin	38.27%	16.52%	31.55%	25.16%	32.37%	32.68%
Effective Tax Rate	38.17%	46.27%	38.38%	55.85%	34.69%	34.90%

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