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Review pending. Every figure has been located on its cited source page in an AI-assisted source verification (matched to the document's text) (17 October 2026). Independent review has not yet been carried out, and these pages are not indexed.AI-assisted source check done; independent review pending; not indexed. About the review

Auto Hall

ATH · Bourse de Casablanca · Consolidated statements

On this page
Company details
Legal name
Auto Hall S.A.
Listing
ATH on the Bourse de Casablanca, active · ISIN MA0000010969 (observed 2026-10-08)
Sector
Not classified (our classification from the stated principal activity)
Financial year ends
31 December

Overview

Year ended 31 December 2025 · annual report, signed / final · source

  • Revenue

    MAD 5.91 billion

    5,911,769,591.27 MAD units · p58

    +17.7% vs 2024

  • Operating profit / (loss)

    MAD 302 million

    301,944,178.52 MAD units · p58

    +43.8% vs 2024

  • Profit / (loss) for the year

    MAD 99.8 million

    99,832,376.79 MAD units · p58

    +484.1% vs 2024

  • Total assets

    MAD 6.48 billion

    6,484,075,069.34 MAD units · p58

    +2.7% vs 2024

  • Total equity

    MAD 1.45 billion

    1,445,975,818.36 MAD units · p58

    −0.9% vs 2024

  • Cash from operations

    MAD 443 million

    442,585,000 MAD units · p59

    −45.1% vs 2024

Large amounts are rounded for reading (MAD million / billion / trillion); exact figures as printed are under each amount and in the tables. No currency conversion.

Financial statements

Exact figures as printed. Each column comes from one filing; labels are as printed in the newest filing. Amounts in MAD units unless the row says otherwise; brackets are negative.

† from a supplementary filing for the same year · ‡ signed audited statements preferred over a disputed figure · “–” is a printed dash, explained below the table

Column sources

  • FY2025 — annual report, signed / final; reported for the year · source
  • FY2024 — annual report, signed / final; comparative in the FY2025 filing · source
  • FY2023 — annual report, signed / final; comparative in the FY2024 filing · source

Income statement

Income statement, MAD units. Columns: FY2025 — annual report (signed / final), as reported for the year; FY2024 — annual report (signed / final), comparative reported in the annual report for 2025; FY2023 — annual report (signed / final), comparative reported in the annual report for 2024.
Line (as printed) FY2025Annual reportreported for the yearFY2024Annual reportcomparative in FY2025 filingFY2023Annual reportcomparative in FY2024 filing
Chiffre d'affaires 5,911,769,591.27 5,022,141,140.61 4,912,106,381.56
Coût des biens vendus (4,838,153,498.62) (4,170,223,765.29) (4,111,663,436.84)
Charges externes1 (224,000,052.17) (189,478,650.66) (161,852,116.31)
Charges de personnel (288,985,544.49) (266,176,489.55) (263,039,933.18)
Impôts et taxes2 (34,954,470.79) (24,703,832.44) (23,327,063.63)
Dotations d'exploitations3 (270,256,405.39) (246,536,327.71) (247,727,420.83)
Reprises d'exploitations4 31,133,946.46 15,700,862.39 17,023,766.77
Autres produits 113,111,372.68 275,406,771.53 307,089,236.20
Autres charges (97,720,760.43) (206,105,561.55) (220,926,103.46)
RÉSULTAT OPÉRATIONNEL 301,944,178.52 210,024,147.33 207,683,310.28
Produits financiers 95,847,754.64 67,216,554.55 56,437,933.96
Charges financières (204,317,224.28) (196,465,008.99) (167,023,375.09)
RÉSULTAT FINANCIER5 (108,469,469.64) (129,248,454.44) (110,585,441.13)
RÉSULTAT CONSOLIDÉ AVANT IMPÔT 193,474,708.88 80,775,692.89 97,097,869.15
Charges d'impôt (93,642,332.09) (63,683,655.61) (69,218,371.52)
Impôt exigible6 (86,023,698.13) (49,223,747.74) (53,596,084.32)
Impôt différé7 (7,618,633.96) (14,459,907.87) (15,622,287.20)
RÉSULTAT NET CONSOLIDÉ 99,832,376.79 17,092,037.28 27,879,497.63
Notes and alternative reported figures (7)
  1. “Charges externes” is an issuer-specific line, not mapped to a shared definition: External charges (printed positive; deducted).
  2. “Impôts et taxes” is an issuer-specific line, not mapped to a shared definition: Taxes other than income tax (printed positive; deducted).
  3. “Dotations d'exploitations” is an issuer-specific line, not mapped to a shared definition: Operating depreciation and provision charges (printed positive; deducted).
  4. “Reprises d'exploitations” is an issuer-specific line, not mapped to a shared definition: Operating reversals of provisions (added).
  5. “RÉSULTAT FINANCIER” is an issuer-specific line, not mapped to a shared definition: Financial income less financial charges.
  6. “Impôt exigible” is an issuer-specific line, not mapped to a shared definition: Current income tax, a component of 'Charges d'impôt' (printed positive; deducted).
  7. “Impôt différé” is an issuer-specific line, not mapped to a shared definition: Deferred tax charge, a component of 'Charges d'impôt' (printed positive; deducted).

Balance sheet

Balance sheet, MAD units. Columns: FY2025 — annual report (signed / final), as reported for the year; FY2024 — annual report (signed / final), comparative reported in the annual report for 2025; FY2023 — annual report (signed / final), comparative reported in the annual report for 2024.
Line (as printed) FY2025Annual reportreported for the yearFY2024Annual reportcomparative in FY2025 filingFY2023Annual reportcomparative in FY2024 filing
Goodwill1 22,148,218.93 22,148,218.93 22,148,218.93
Immobilisations incorporelles 54,887,415.23 55,238,872.21 55,189,006.71
Immobilisations corporelles 2,122,121,908.77 2,033,957,084.06 2,018,971,130.70
Autres instruments financiers2 884,946,488.56 799,836,837.19 639,565,361.74
Impôts différés Actif 25,722,511.31 24,581,723.26 32,394,355.00
Actifs non courants 3,109,826,542.81 2,935,762,735.65 2,768,268,073.08
Stocks 1,639,687,550.57 1,507,663,767.06 1,558,037,685.63
Comptes clients3 849,807,320.87 856,334,168.62 956,069,862.25
Autres créances d'exploitation4 486,954,781.97 436,247,303.98 517,140,619.77
Trésorerie et équivalents de trésorerie 397,798,873.12 577,499,912.02 458,722,499.22
Actifs courants 3,374,248,526.53 3,377,745,151.68 3,489,970,666.87
TOTAL ACTIF 6,484,075,069.34 6,313,507,887.33 6,258,238,739.95
Capital social 502,945,280.00 502,945,280.00 502,945,280.00
Prime d'émission 251,021,566.80 251,021,566.80 251,021,566.80
Réserves consolidées5 592,176,594.77 687,455,195.01 761,143,339.20
Résultats consolidés de l'exercice6 99,832,376.79 17,092,037.28 27,879,497.63
Capitaux propres part groupe 1,445,975,818.36 1,458,514,079.097 1,542,989,683.63
Capitaux propres 1,445,975,818.36 1,458,514,079.097 1,542,989,683.63
Autres passifs non courants8 1,399,132,266.83 1,232,996,841.81 1,010,236,974.13
Impôts différés Passif 164,787,962.95 144,690,691.12 139,335,552.96
Passifs non courants9 3,009,896,048.14 2,836,201,612.01 2,692,562,210.71
Dettes fournisseurs10 932,862,985.79 942,108,017.09 718,333,899.78
Autres passifs courants11 420,220,718.15 263,604,982.53 262,491,819.92
Autres passifs financiers à court terme12 2,121,095,317.26 2,271,593,275.70 2,584,850,809.54
Passifs courants 3,474,179,021.20 3,477,306,275.32 3,565,676,529.24
TOTAL PASSIF 6,484,075,069.34 6,313,507,887.33 6,258,238,739.95
Notes and alternative reported figures (12)
  1. “Goodwill” is an issuer-specific line, not mapped to a shared definition: Goodwill.
  2. “Autres instruments financiers” is an issuer-specific line, not mapped to a shared definition: Other financial instruments (non-current).
  3. “Comptes clients”: mapping to a shared definition is uncertain. Trade receivables only; other operating receivables are printed separately.
  4. “Autres créances d'exploitation” is an issuer-specific line, not mapped to a shared definition: Other operating receivables (current).
  5. “Réserves consolidées” is an issuer-specific line, not mapped to a shared definition: Consolidated reserves.
  6. “Résultats consolidés de l'exercice” is an issuer-specific line, not mapped to a shared definition: The year's consolidated result within equity.
  7. Annual report dated 2025-04-25 prints 1 458 514 079,08 (units, p55) for this line and year.
  8. “Autres passifs non courants” is an issuer-specific line, not mapped to a shared definition: Other non-current liabilities.
  9. “Passifs non courants” is an issuer-specific line, not mapped to a shared definition: Printed subtotal 'Passifs non courants', which includes equity: capitaux propres + autres passifs non courants + impôts différés passif.
  10. “Dettes fournisseurs”: mapping to a shared definition is uncertain. Trade payables; other current liabilities are printed separately.
  11. “Autres passifs courants” is an issuer-specific line, not mapped to a shared definition: Other current liabilities.
  12. “Autres passifs financiers à court terme”: mapping to a shared definition is uncertain. Short-term financial liabilities; the cash-flow statement's net treasury (trésorerie d'ouverture/de clôture) is cash and cash equivalents less this line (397 798 873,12 - 2 121 095 317,26 = -1 723 296 444,14, printed -1 723 296 KMAD).

Cash flow

Cash flow, MAD units. Columns: FY2025 — annual report (signed / final), as reported for the year; FY2024 — annual report (signed / final), comparative reported in the annual report for 2025; FY2023 — annual report (signed / final), comparative reported in the annual report for 2024.
Line (as printed) FY2025Annual reportreported for the yearFY2024Annual reportcomparative in FY2025 filingFY2023Annual reportcomparative in FY2024 filing
Flux de trésorerie d'exploitation 442,585,000 805,812,0001 688,132,000
Résultat net consolidé2 99,832,000 17,092,000 27,879,000
Dotations aux amortissements3 220,338,000 236,450,000 232,888,000
Élimination des impôts différés4 7,619,000 14,460,000 15,623,000
Produits de cession des immobilisations corporelles5 (103,210,000) (257,500,000)6 290,025,000
VNC sur cession d'actifs7 71,047,000 168,237,000 182,361,000
Variation du besoin en fond de roulement8 (28,834,000) 455,890,000 (191,557,000)
Autres produits/charges non encaissables9 15,901,000 1,299,000 Not reported in this filing10
Coût de l'endettement11 159,892,000 169,884,000 130,913,000
Flux de trésorerie d'investissement (374,214,000) (242,114,000)12 (1,441,322,000)
Décaissements liés aux acquisitions des immobilisations13 (392,314,000) (338,044,000) (512,207,000)
Encaissements liés aux cessions d'immobilisations corporelles 103,210,000 257,500,00014 (290,025,000)
Variation des autres instruments financiers1516 (85,110,000) (161,570,000)17 (640,307,000)
Flux de trésorerie de financement (97,574,000) (131,663,000) 462,750,000
Dividendes mis en paiement au cours de l'exercice (100,589,000) (100,589,000) (176,031,000)
Remboursement des dettes de financement (109,429,000) (62,978,000) (37,210,000)
Coût de l'endettement18 (159,892,000) (169,884,000) (130,913,000)
Nouveaux emprunts 192,790,000 59,967,000 300,000,000
Titres de créances *1920 80,388,000 144,024,000 505,134,000
Autres21 (842,000) (2,203,000) 1,770,000
Variation de trésorerie nette (29,203,000) 432,035,000 (290,440,000)
Trésorerie d'ouverture (1,694,093,000) (2,126,128,000) (1,835,688,000)
Trésorerie de clôture (1,723,296,000) (1,694,093,000) (2,126,128,000)
Autres mouvements (GW&Autres Mvts)22 Not reported in this filing23 Not reported in this filing24 1,217,000
Notes and alternative reported figures (24)
  1. Annual report dated 2025-04-25 prints 1 319 513 (thousands, p56) for this line and year.
  2. “Résultat net consolidé” is an issuer-specific line, not mapped to a shared definition: Consolidated net result at the head of the operating flows.
  3. “Dotations aux amortissements” is an issuer-specific line, not mapped to a shared definition: Non-cash add-back.
  4. “Élimination des impôts différés” is an issuer-specific line, not mapped to a shared definition: Non-cash add-back.
  5. “Produits de cession des immobilisations corporelles” is an issuer-specific line, not mapped to a shared definition: Elimination of disposal proceeds within operating flows (printed negative).
  6. Annual report dated 2025-04-25 prints 257 500 (thousands, p56) for this line and year.
  7. “VNC sur cession d'actifs” is an issuer-specific line, not mapped to a shared definition: Net book value of assets disposed (add-back).
  8. “Variation du besoin en fond de roulement” is an issuer-specific line, not mapped to a shared definition: Change in working capital (sign as printed).
  9. “Autres produits/charges non encaissables” is an issuer-specific line, not mapped to a shared definition: Other non-cash items.
  10. Not reported in this filing: The line 'Autres produits/charges non encaissables' is printed in the TABLEAU DE FLUX DE TRÉSORERIE (p56) but both its 31 décembre 2024 and 31 décembre 2023 cells are blank; no amount is printed for 2023 (p56). Blank checked on the page image; not interpreted as nil.
  11. “Coût de l'endettement” is an issuer-specific line, not mapped to a shared definition: Finance cost added back within operating flows (paid within financing flows).
  12. Annual report dated 2025-04-25 prints -755 815 (thousands, p56) for this line and year.
  13. “Décaissements liés aux acquisitions des immobilisations”: mapping to a shared definition is uncertain. Acquisitions of fixed assets, tangible and intangible not distinguished.
  14. Annual report dated 2025-04-25 prints -257 500 (thousands, p56) for this line and year.
  15. “Variation des autres instruments financiers” is an issuer-specific line, not mapped to a shared definition: Investing: change in other financial instruments.
  16. Printed under different labels across filings: “Variation des autres instruments financiers”; “Variation des autres instruments financiers*”.
  17. Annual report dated 2025-04-25 prints -160 271 (thousands, p56) for this line and year.
  18. “Coût de l'endettement” is an issuer-specific line, not mapped to a shared definition: Finance cost paid, within financing flows (printed negative).
  19. “Titres de créances *” is an issuer-specific line, not mapped to a shared definition: Financing: notes issued by the securitisation fund (footnote '* Titres émis par le fond de titrisation').
  20. Printed under different labels across filings: “Titres de créances *”; “Titres de créances émis*”.
  21. “Autres” is an issuer-specific line, not mapped to a shared definition: Other financing flows.
  22. “Autres mouvements (GW&Autres Mvts)” is an issuer-specific line, not mapped to a shared definition: Investing: other movements (2024 blank).
  23. Not reported in this filing: The line 'Autres mouvements (GW&Autres Mvts)' is printed in the TABLEAU DE FLUX DE TRÉSORERIE (p59) but both its 31 décembre 2025 and 31 décembre 2024 cells are blank; no amount is printed for 2025 (p59). Blank checked on the page image; not interpreted as nil.
  24. Not reported in this filing: The line 'Autres mouvements (GW&Autres Mvts)' is printed in the TABLEAU DE FLUX DE TRÉSORERIE (p59) but both its 31 décembre 2025 and 31 décembre 2024 cells are blank; no amount is printed for 2024 in this document (p59). Blank checked on the page image; not interpreted as nil.

Segments

Segment data not yet collected for this company in the pilot.

Dividends

Proposed or recommended, declared and paid are different events and are kept apart. A statement that no dividend was proposed does not mean none was paid.

Dividend events, the issuer's wording, and amounts as printed
Year endedEventWording as printedAmountUnitSource
31 Dec 2025 Dividends paid (cash flow statement) Dividendes mis en paiement au cours de l'exercice (100,589,000) MAD units Annual report, p59
31 Dec 2024 Dividends paid (cash flow statement) Dividendes mis en paiement au cours de l'exercice (100,589,000) MAD units Annual report, p59
31 Dec 2023 Dividends paid (cash flow statement) Dividendes mis en paiement au cours de l'exercice (176,031,000) MAD units Annual report, p56

Sources

Each filing used on this page, newest period first. Dates are the document's own; the date we retrieved a file is shown separately and is never a publication date.

  • Auto Hall — Rapport Financier Annuel 2025

    Year ended 31 December 2025 · Annual report · signed / final

    Audit: HDID & Associés and Forvis Mazars (commissaires aux comptes), unmodified opinion · signed

    Auditor's sign-off: HDID & Associés (Mohamed Hdid, associé gérant); Forvis Mazars (Adnane Loukili, associé)

    Final status: The commissaires aux comptes' report on the consolidated financial statements for the year from 1 January to 31 December 2025 is reproduced as a scanned image (PDF pp61-62, no text layer): unmodified opinion (consolidated equity 1 445 976 KMAD including consolidated net profit 99 832 KMAD, matching p58), one key audit matter (impairment of trade receivables), dated 'Casablanca, le 27 mars 2026' and signed by hand with stamps for HDID & Associés (Mohamed Hdid, associé gérant) and Forvis Mazars (Adnane Loukili, associé) (page image p62). No board approval date for the consolidated statements is printed.

    Document date
    27 Mar 2026
    Auditor's report
    27 Mar 2026
    Board approval
    date not found in this document
    Retrieved by us
    8 Oct 2026 (not a publication date)
    Used for
    statement columns FY2025, FY2024
    Basis
    consolidated statements · MAD units (printed “En dirhams (bilan, compte de résultat); En milliers de dirhams (flux de trésorerie, row scale 1000)”)
    • The board's management report (p42) presents 'Résultats consolidés provisoires' with a consolidated net result of 104 436 KDH for 2025 (equal to the company's own net result), whereas the audited consolidated compte de résultat (p58) and the auditors' report (p61) give 99 832 KDH (99 832 376,79 DH). The audited statements are transcribed; the management-report figure is not used.
    • The printed subtotal 'Passifs non courants' (p58) includes equity (1 445 975 818,36 + 1 399 132 266,83 + 164 787 962,95 = 3 009 896 048,14), so it is an issuer concept; no total-liabilities line is printed. Charges in the compte de résultat are printed positive and deducted. The cash-flow statement prints its section totals above their components.
    • Annual financial report with company statements (pp46-53) and consolidated IFRS statements (pp58-60); auditors' reports as scanned images (pp55-56, 61-62). The consolidated set is transcribed.
    Technical details
    File
    64 pages, with a text layer
    SHA-256
    40e739bff27c1e9581c7c21188f837ba486de9c1e06aca89b49919cb2b39e302
    Entity as printed
    AUTO HALL S.A. et ses filiales (le « groupe »), all fully consolidated (p59)
    Regulator copy
    retrieved 2026-10-08T18:15:39Z

  • Auto Hall — Rapport Financier Annuel 2024

    Year ended 31 December 2024 · Annual report · signed / final

    Audit: HDID & Associés and Forvis Mazars (commissaires aux comptes), unmodified opinion · signed

    Auditor's sign-off: HDID & Associés (Mohamed Hdid, associé gérant); Forvis Mazars (Adnane Loukili, associé)

    Final status: The commissaires aux comptes' report on the consolidated financial statements for the year from 1 January to 31 December 2024 is reproduced as a scanned image (PDF pp58-59, no text layer): unmodified opinion (consolidated equity 1 458 514 KMAD including consolidated net profit 17 092 KMAD, matching p55), one key audit matter (impairment of trade receivables), dated 'Casablanca, le 25 avril 2025' and signed by hand with stamps for HDID & Associés (Mohamed Hdid, associé gérant) and Forvis Mazars (Adnane Loukili, associé) (page image p59). No board approval date for the consolidated statements is printed.

    Document date
    25 Apr 2025
    Auditor's report
    25 Apr 2025
    Board approval
    date not found in this document
    Retrieved by us
    8 Oct 2026 (not a publication date)
    Used for
    statement columns FY2023
    Basis
    consolidated statements · MAD units (printed “En dirhams (bilan, compte de résultat); En milliers de dirhams (flux de trésorerie, row scale 1000)”)
    • Cash-flow statement (p56): 'Produits de cession des immobilisations corporelles' is printed positive within operating flows (257 500; 2023: 290 025) and 'Encaissements liés aux cessions d'immobilisations corporelles' negative within investing flows (-257 500; 2023: -290 025); the printed section totals add them with these signs. Kept as printed (the FY2025 report prints the opposite signs).
    • Net treasury in the cash-flow statement (KMAD, row scale 1000) equals balance-sheet cash less 'Autres passifs financiers à court terme' (dirhams): 577 499 912,02 - 2 271 593 275,70 = -1 694 093 363,68 DH (printed -1 694 093 KMAD); 458 722 499,22 - 2 584 850 809,54 = -2 126 128 310,32 DH (printed -2 126 128 KMAD). The opening/closing continuity checks compare the stored KMAD figures without the row scale and fail for that reason only.
    • The printed subtotal 'Passifs non courants' (p55) includes equity (1 458 514 079,08 + 1 232 996 841,81 + 144 690 691,12 = 2 836 201 612,01), so it is an issuer concept; no total-liabilities line is printed. Charges in the compte de résultat are printed positive and deducted. The cash-flow statement prints its section totals above their components.
    • Annual financial report with company statements (pp44-51) and consolidated IFRS statements (pp55-57); auditors' reports as scanned images (pp52-53, 58-59). The consolidated set is transcribed.
    Technical details
    File
    61 pages, with a text layer
    SHA-256
    8607fb17c773ba52dab858b20a2c1f62ae28d1393ba8c53195d39083d9ff5f6c
    Entity as printed
    AUTO HALL S.A. et ses filiales (le « groupe »), all fully consolidated (p56)
    Regulator copy
    retrieved 2026-10-08T18:50:17Z

Data notes

No figure-level notes beyond those in the tables.

Review status: every figure has been located on its cited source page in an AI-assisted source verification (matched to the document's text) (17 October 2026). Independent review is pending for every figure; automated checks and the AI-assisted verification are not independent review.

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