Attijariwafa bank Cash Flow Statement

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	2020 - 2016
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	2020 - 2016
Net Income	10,645	9,504	7,508	6,103	5,144	Upgrade
Depreciation & Amortization	1,512	1,428	1,437	1,597	1,586	Upgrade
Gain (Loss) on Sale of Assets	-382.19	-535.21	-247.15	-136.18	-24.75	Upgrade
Gain (Loss) on Sale of Investments	545.5	376.67	-	1.16	1.22	Upgrade
Change in Income Taxes	-6,338	-5,193	-4,201	-3,270	-3,013	Upgrade
Change in Other Net Operating Assets	-8,259	22,694	9,925	9,846	-2,171	Upgrade
Other Operating Activities	9,033	7,750	8,278	8,161	5,990	Upgrade
Operating Cash Flow	6,168	36,012	22,691	22,295	7,524	Upgrade
Operating Cash Flow Growth	-82.87%	58.71%	1.77%	196.31%	21.95%	Upgrade
Capital Expenditures	-3,541	-2,290	-1,709	-1,045	-1,352	Upgrade
Investment in Securities	-6,248	-7,837	-4,272	-8,864	372.75	Upgrade
Income (Loss) Equity Investments	-587.99	-12.58	-9.5	-5.59	11.43	Upgrade
Other Investing Activities	-	-	-	-	0	Upgrade
Investing Cash Flow	-9,799	-9,988	-5,875	-10,061	-965.99	Upgrade
Common Dividends Paid	-	-	-	-3,154	-2,328	Upgrade
Other Financing Activities	-4,540	-3,446	-8,113	-3,634	1,674	Upgrade
Financing Cash Flow	-4,540	-3,446	-8,113	-6,788	-653.71	Upgrade
Foreign Exchange Rate Adjustments	171.92	-2,144	-1,385	43.78	-262.63	Upgrade
Net Cash Flow	-7,999	20,434	7,318	5,490	5,642	Upgrade
Free Cash Flow	2,627	33,722	20,982	21,250	6,172	Upgrade
Free Cash Flow Growth	-92.21%	60.72%	-1.26%	244.30%	0.04%	Upgrade
Free Cash Flow Margin	8.39%	110.86%	80.82%	93.73%	29.77%	Upgrade
Free Cash Flow Per Share	12.21	156.75	97.54	98.79	28.69	Upgrade
Cash Income Tax Paid	6,338	5,193	4,201	3,270	3,013	Upgrade

Source: S&P Capital IQ. Banks template. Financial Sources.