Vicenne S.A Balance Sheet

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
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
Cash & Equivalents	24.26	34.6	10.46	14.9	46.48
Short-Term Investments	88.39	-	-	6.56	-
Cash & Short-Term Investments	112.65	34.6	10.46	21.46	46.48
Cash Growth	424.93%	230.67%	-51.24%	-53.83%	-
Accounts Receivable	984.17	832.61	663.7	535.03	385.18
Other Receivables	216.76	206.71	119.69	91.17	78.38
Receivables	1,201	1,039	783.39	626.2	463.56
Inventory	129.98	160.62	124.32	68.11	55.54
Total Current Assets	1,444	1,235	918.17	715.77	565.58
Property, Plant & Equipment	7.67	8.34	10.27	13.03	6.18
Goodwill	60.38	64.71	74.96	85.2	45.37
Other Intangible Assets	7.73	6.53	7.8	8.59	6.34
Other Long-Term Assets	3.53	1.94	2.68	3.78	0.89
Total Assets	1,523	1,316	1,014	826.36	624.36
Accounts Payable	383.03	269.93	237.67	191.07	134.29
Other Current Liabilities	35.74	-	292.62	-	-
Total Current Liabilities	748.64	269.93	530.28	191.07	134.29
Long-Term Debt	57.95	286.57	194.11	155.75	131.74
Other Long-Term Liabilities	7.75	304.26	0	227.33	132.55
Total Liabilities	814.33	860.76	724.39	574.15	398.57
Common Stock	407.01	10	0.45	0.45	0.45
Additional Paid-In Capital	0	177.03	99.85	99.85	99.85
Retained Earnings	83.6	91.22	58.65	48.58	36.77
Comprehensive Income & Other	213.41	172.14	125.65	98	65.8
Total Common Equity	704.02	450.39	284.6	246.88	202.87
Minority Interest	4.58	4.9	4.89	5.33	22.92
Shareholders' Equity	708.6	455.29	289.49	252.21	225.79
Total Liabilities & Equity	1,523	1,316	1,014	826.36	624.36
Total Debt	250.19	286.57	194.11	155.75	131.74
Net Cash (Debt)	-137.54	-251.97	-183.64	-134.29	-85.25
Working Capital	694.93	964.6	387.89	524.69	431.29
Tangible Book Value	635.91	379.15	201.84	153.09	151.16

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