TQM Income Statement - TTM - TAQA Morocco S.A.

Income Statement (TTM)

TAQA Morocco S.A. Income Statement shows changes in income and expenses over a period of time. Income Statement data includes Sales and Revenue, Gross Profit, Research and Development (R&D), Selling, General and Administrative Expense (SG&A), Operating Income, Income Tax Expense, Interest Expense, Non-Operating Income, Earnings per Share (EPS), and Shares Outstanding.

All numbers are times 1,000,000 except per share units.

	2020 09-30	2020 12-31	2021 03-31	2021 06-30	2021 09-30	2021 12-31	2022 03-31	2022 06-30	2022 09-30	2022 12-31	2023 03-31	2023 06-30	2023 09-30	2023 12-31	2024 03-31	2024 06-30	2024 09-30	2024 12-31	2025 03-31
Revenue	8,206	7,789	7,693	7,237	7,525	7,812	8,558	10,254	11,929	13,604	15,036	15,146	14,168	13,191	12,060	11,394	11,136	10,878	10,862
Change (%)		-5.08	-1.23	-5.92	3.97	3.82	9.55	19.81	16.33	14.04	10.53	0.73	-6.45	-6.90	-8.57	-5.52	-2.26	-2.31	-0.15
% of Revenue	100.00	100.00	100.00	100.00	100.00	100.00	100.00	100.00	100.00	100.00	100.00	100.00	100.00	100.00	100.00	100.00	100.00	100.00	100.00

Cost Of Sales	4,663	4,297	4,398	3,771	4,008	4,245	4,856	6,299	7,926	9,553	11,022	11,174	10,245	9,316	8,095	7,475	7,297	7,119	7,136
Change (%)		-7.85	2.36	-14.25	6.28	5.91	14.39	29.72	25.82	20.52	15.38	1.38	-8.31	-9.07	-13.11	-7.66	-2.38	-2.44	0.24
% of Revenue	56.83	55.17	57.18	52.11	53.27	54.34	56.74	61.43	66.44	70.22	73.30	73.77	72.31	70.62	67.12	65.60	65.52	65.44	65.69

Gross Operating Profit	3,542	3,492	3,294	3,466	3,517	3,567	3,702	3,954	4,003	4,051	4,014	3,972	3,924	3,875	3,965	3,919	3,839	3,759	3,726
Change (%)		-1.43	-5.66	5.21	1.47	1.44	3.78	6.81	1.22	1.21	-0.91	-1.04	-1.22	-1.24	2.32	-1.17	-2.03	-2.08	-0.88
% of Revenue	43.17	44.83	42.82	47.89	46.73	45.66	43.26	38.57	33.56	29.78	26.70	26.23	27.69	29.38	32.88	34.40	34.48	34.56	34.31

SG&A	306	317	243	322	317	312	312	302	301	301	301	299	297	295	295	299	293	286	286
Change (%)		3.67	-23.41	32.65	-1.45	-1.47	0.00	-3.43	-0.20	-0.20	0.00	-0.51	-0.62	-0.62	0.00	1.40	-2.25	-2.31	0.00
% of Revenue	3.72	4.07	3.15	4.45	4.21	4.00	3.65	2.94	2.52	2.21	2.00	1.97	2.10	2.24	2.45	2.63	2.63	2.63	2.63

R&D
Change (%)
% of Revenue

OpEx	5,822	5,430	5,250	4,902	5,142	5,382	5,993	7,430	9,060	10,691	12,160	12,324	11,403	10,483	9,262	8,647	8,446	8,245	8,262
Change (%)		-6.74	-3.32	-6.62	4.89	4.66	11.35	23.99	21.94	17.99	13.74	1.35	-7.47	-8.07	-11.65	-6.64	-2.32	-2.38	0.21
% of Revenue	70.96	69.71	68.25	67.73	68.33	68.89	70.02	72.46	75.95	78.59	80.87	81.37	80.49	79.47	76.80	75.90	75.85	75.80	76.07

Operating Income	2,383	2,359	2,443	2,335	2,383	2,431	2,566	2,824	2,868	2,913	2,876	2,822	2,765	2,708	2,798	2,746	2,689	2,633	2,600
Change (%)		-1.02	3.56	-4.40	2.05	2.01	5.55	10.06	1.58	1.55	-1.27	-1.88	-2.02	-2.07	3.32	-1.84	-2.07	-2.11	-1.25
% of Revenue	29.04	30.29	31.75	32.27	31.67	31.11	29.98	27.54	24.05	21.41	19.13	18.63	19.51	20.53	23.20	24.10	24.15	24.20	23.93

Interest Expense	-569	-576	-563	-552	-525	-498	-499	-470	-470	-470	-452	-556	-455	-354	-365	-289	-413	-536	-491
Change (%)		1.22	-2.23	-1.92	-4.90	-5.15	0.20	-5.94	0.07	0.07	-3.83	22.81	-18.12	-22.13	3.11	-20.85	42.77	29.96	-8.39
% of Revenue	-6.94	-7.40	-7.32	-7.63	-6.98	-6.38	-5.84	-4.58	-3.94	-3.46	-3.01	-3.67	-3.21	-2.69	-3.03	-2.54	-3.71	-4.93	-4.52

Net Income	928	880	895	895	950	1,005	1,056	1,166	1,235	1,303	1,266	1,156	1,097	1,037	1,078	1,105	1,079	1,053	1,055
Change (%)		-5.14	1.68	0.03	6.12	5.77	5.08	10.47	5.84	5.52	-2.84	-8.69	-5.12	-5.40	3.95	2.50	-2.37	-2.43	0.19
% of Revenue	11.31	11.30	11.63	12.37	12.63	12.86	12.34	11.38	10.35	9.58	8.42	7.63	7.74	7.86	8.94	9.70	9.69	9.68	9.71

Source: Capital IQ

TAQA Morocco S.A. - Income Statement (TTM)

Income Statement (TTM)