Maroc Leasing 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	107.3	105.3	104.17	68.88	90.74	Upgrade
Depreciation & Amortization	10.12	10.96	10.12	9.1	7.46	Upgrade
Change in Other Net Operating Assets	-4,060	-3,635	-3,813	-2,835	-2,864	Upgrade
Other Operating Activities	3,988	3,575	3,747	2,804	2,804	Upgrade
Operating Cash Flow	45.95	56.36	48.11	47.35	38.29	Upgrade
Operating Cash Flow Growth	-18.47%	17.14%	1.62%	23.66%	103.50%	Upgrade
Capital Expenditures	-7.07	-17.49	-9.24	-8.47	-4.98	Upgrade
Sale of Property, Plant & Equipment	-	-	-	-	0.01	Upgrade
Investing Cash Flow	-7.07	-17.49	-9.24	-8.47	-4.97	Upgrade
Common Dividends Paid	-38.87	-38.87	-38.87	-38.87	-33.32	Upgrade
Financing Cash Flow	-38.87	-38.87	-38.87	-38.87	-33.32	Upgrade
Free Cash Flow	38.87	38.87	38.87	38.87	33.31	Upgrade
Free Cash Flow Growth	-	-	-	16.69%	-	Upgrade
Free Cash Flow Margin	1.00%	1.09%	1.12%	1.18%	1.02%	Upgrade
Free Cash Flow Per Share	14.13	14.03	14.18	-	-	Upgrade
Cash Interest Paid	460.17	425.33	403.73	382.38	370.02	Upgrade
Cash Income Tax Paid	71.02	76.93	51.23	55.53	14.18	Upgrade

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