M2M Group Income Statement

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

Millions MAD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	2015 - 2019
Period Ending	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	2015 - 2019
Revenue	102.63	78.58	61.9	53.91	65.01	Upgrade
Revenue Growth (YoY)	30.60%	26.95%	14.83%	-17.08%	-66.52%	Upgrade
Cost of Revenue	80.57	66.01	66.12	57.43	71.87	Upgrade
Gross Profit	22.05	12.58	-4.22	-3.53	-6.86	Upgrade
Other Operating Expenses	16.81	22.91	41.11	25.2	20.05	Upgrade
Operating Expenses	16.81	22.91	41.11	25.2	20.05	Upgrade
Operating Income	5.25	-10.33	-45.33	-28.73	-26.92	Upgrade
Interest Expense	-	-0.29	-	-	-	Upgrade
Interest & Investment Income	1.88	-	2.58	3.14	1.14	Upgrade
Other Non Operating Income (Expenses)	-	-	-0	-	-	Upgrade
EBT Excluding Unusual Items	7.13	-10.62	-42.75	-25.59	-25.77	Upgrade
Other Unusual Items	17.44	-9.39	-0.81	0.11	10.07	Upgrade
Pretax Income	24.56	-20.02	-43.56	-25.47	-15.71	Upgrade
Income Tax Expense	4.23	1.59	1.44	2.67	4.17	Upgrade
Earnings From Continuing Operations	20.33	-21.6	-45	-28.14	-19.87	Upgrade
Minority Interest in Earnings	-5.68	6.83	11.38	8.28	9.42	Upgrade
Net Income	14.65	-14.78	-33.61	-19.87	-10.45	Upgrade
Net Income to Common	14.65	-14.78	-33.61	-19.87	-10.45	Upgrade
Shares Outstanding (Basic)	1	1	1	1	1	Upgrade
Shares Outstanding (Diluted)	1	1	1	1	1	Upgrade
Shares Change (YoY)	-0.02%	0.01%	0.00%	-0.02%	0.02%	Upgrade
EPS (Basic)	22.62	-22.81	-51.89	-30.67	-16.13	Upgrade
EPS (Diluted)	22.62	-22.81	-51.89	-30.67	-16.13	Upgrade
Free Cash Flow	28.55	-41.1	-3.3	-7.25	9.7	Upgrade
Free Cash Flow Per Share	44.08	-63.44	-5.09	-11.19	14.96	Upgrade
Gross Margin	21.49%	16.00%	-6.82%	-6.54%	-10.56%	Upgrade
Operating Margin	5.11%	-13.15%	-73.24%	-53.29%	-41.40%	Upgrade
Profit Margin	14.28%	-18.80%	-54.30%	-36.85%	-16.07%	Upgrade
Free Cash Flow Margin	27.82%	-52.30%	-5.33%	-13.45%	14.91%	Upgrade
EBITDA	-	-	-	-	-26.48	Upgrade
EBITDA Margin	-	-	-	-	-40.73%	Upgrade
D&A For EBITDA	-	-	-	-	0.44	Upgrade
EBIT	5.25	-10.33	-45.33	-28.73	-26.92	Upgrade
EBIT Margin	5.11%	-13.15%	-73.24%	-53.29%	-41.40%	Upgrade
Effective Tax Rate	17.23%	-	-	-	-	Upgrade

Updated Dec 31, 2024. Source: S&P Global Market Intelligence. Standard template. Financial Sources.