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CMT

CMT · Bourse de Casablanca · Consolidated statements

On this page
Company details
Legal name
Compagnie Minière de Touissit S.A.
Listing
CMT on the Bourse de Casablanca, active · ISIN MA0000011793 (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 · published summary of audited statements, final status not established · source

Read with these figures

  • Auditor's report on the full statements, year to 2025-12-31: modified opinion (not a report on this summary). Basis: Fondement de l'opinion avec réserve (PDF pp9-10), on the full consolidated états de synthèse; reproduced in this publication.
  • Published summary of audited statements not confirmed as final. The published copy is not confirmed as the final version. The FY2025 figures come from it.
  • Auditor's emphasis of matter. Observation: the auditors draw attention to the two situations in note 6 (significant events) and to note 8 on disputes over receivables from OSEAD Maroc Mining (OMM) and SHABA METALS LLC, settled after the closing by receipt of 35 000 000 USD and 12 000 000 USD; opinion not modified on these points (p11).
Full wording and sources

  • Auditor's report on the full statements, year to 2025-12-31: modified opinion (not a report on this summary)

    Fondement de l'opinion avec réserve (report on the full consolidated états de synthèse, not on this publication): (1.1a) CMT was fined 2,3 billion dirhams on 4 November 2025 in a customs/foreign-exchange case (Office des Changes, initially 387 MMAD of infractions) and settled with the Office des Changes on 2 April 2026 for 155 MMAD, which management says is covered by provisions; (1.1b) a second foreign-exchange case (fine of 827 MMAD, October 2024) was settled on 2 April 2026 for 27 MMAD, but a receivable on the historic customer and a debt to an indirect shareholder of 13,7 MUSD remain in CMT's books, and a matching bank receivable and customer debt of 13,7 MUSD in a foreign subsidiary; the auditors cannot conclude on the possible impacts; (1.2) commercial relations with the historic customer resumed pending a new contract and arbitration was suspended; the auditors cannot conclude on the impacts; (2, new) subsidiary Touissit International Corporation holds participations with a gross carrying value of 170,4 MMAD (18,6 MUSD) with no documentation supporting their valuation (a 21 MMAD impairment of CMT's investment in TIC is kept); the auditors cannot conclude on the impacts (PDF pp9-10).

    Source: CMT — États financiers sociaux, exercice au 31 décembre 2025 / États financiers consolidés, exercice au 31 décembre 2025 (dated 2026-04-30)

  • Published summary of audited statements for 2025: final status not established

    Statements published by CMT through the Casablanca exchange without notes; p1 states that the annual financial report is available on the company's website. The publication reproduces the commissaires aux comptes' report on the full consolidated états de synthèse (which include the ETIC, not printed here): qualified, dated 'Casablanca, le 30 avril 2026', with handwritten signature and stamps (Deloitte Audit, Sakina Bensouda Korachi, Associée; Coopers Audit Maroc S.A., Hicham Cherkaoui, Associé; PDF p13, page image). No auditor's report on this publication itself is printed; no board approval date is printed.

    Source: CMT — États financiers sociaux, exercice au 31 décembre 2025 / États financiers consolidés, exercice au 31 décembre 2025 (dated 2026-04-30)

  • 2025, 2024: figures from a published summary

    These columns come from a summary of the audited statements, not the full audited financial statements. The publication does not state that it was extracted from the full statements; it states 'La Compagnie Minière Touissit S.A. (« CMT ») met à la disposition du public son Rapport Financier Annuel au titre de l'exercice 2025 sur son site internet' (p1) and reproduces the auditors' report on the full consolidated états de synthèse (pp9-13). No auditor's report on the publication itself is printed. It reproduces the 'Rapport des commissaires aux comptes, exercice du 1er janvier 2025 au 31 décembre 2025 — Audit des états de synthèse consolidés' (pp9-13), covering the consolidated bilan, compte de produits et charges, tableau des flux de trésorerie and ETIC, with a qualified opinion ('Opinion avec réserve', p9), consolidated equity of 901 MMAD and net profit of 196,5 MMAD (matching p8), signed Deloitte Audit and Coopers Audit Maroc S.A., Casablanca, 30 avril 2026 (p13). The general report on the company états de synthèse (pp3-7) is also qualified and dated 30 avril 2026. Consolidated bilan actif and passif (condensed lines), compte de produits et charges, tableau des flux de trésorerie and tableau de variation des capitaux propres on p8; no notes, no earnings per share. The company (sociaux) CGNC statements, ESG and tableau de financement are printed on pp1-2 (not transcribed).

    Source: CMT — États financiers sociaux, exercice au 31 décembre 2025 / États financiers consolidés, exercice au 31 décembre 2025 (dated 2026-04-30)

  • Auditor's emphasis of matter

    Observation: the auditors draw attention to the two situations in note 6 (significant events) and to note 8 on disputes over receivables from OSEAD Maroc Mining (OMM) and SHABA METALS LLC, settled after the closing by receipt of 35 000 000 USD and 12 000 000 USD; opinion not modified on these points (p11).

    Source: CMT — États financiers sociaux, exercice au 31 décembre 2025 / États financiers consolidés, exercice au 31 décembre 2025 (dated 2026-04-30)

  • Revenue

    MAD 690 million

    690,451,532 MAD units · p8

    +17.8% vs 2024

  • Operating profit / (loss)

    MAD 388 million

    387,847,981 MAD units · p8

    Moved from loss to profit (FY2024: (175 373 394) MAD units)

  • Profit / (loss) for the year

    MAD 196 million

    196,458,983 MAD units · p8

    Moved from loss to profit (FY2024: (12 132 098) MAD units)

  • Total assets

    MAD 1.92 billion

    1,921,575,223 MAD units · p8

    +8.8% vs 2024

  • Total equity

    MAD 901 million

    901,026,895 MAD units · p8

    +24.8% vs 2024

  • Cash from operations

    MAD 243 million

    243,311,624 MAD units · p8

    +234.0% 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 — published summary of audited statements (summary), final status not established; reported for the year · source
  • FY2024 — published summary of audited statements (summary), final status not established; comparative in the FY2025 filing · source
    • 2025, 2024: figures from a published summary. These columns come from a summary of the audited statements, not the full audited financial statements. The publication does not state that it was extracted from the full statements; it states 'La Compagnie Minière Touissit S.A. (« CMT ») met à la disposition du public son Rapport Financier Annuel au titre de l'exercice 2025 sur son site internet' (p1) and reproduces the auditors' report on the full consolidated états de synthèse (pp9-13). No auditor's report on the publication itself is printed. It reproduces the 'Rapport des commissaires aux comptes, exercice du 1er janvier 2025 au 31 décembre 2025 — Audit des états de synthèse consolidés' (pp9-13), covering the consolidated bilan, compte de produits et charges, tableau des flux de trésorerie and ETIC, with a qualified opinion ('Opinion avec réserve', p9), consolidated equity of 901 MMAD and net profit of 196,5 MMAD (matching p8), signed Deloitte Audit and Coopers Audit Maroc S.A., Casablanca, 30 avril 2026 (p13). The general report on the company états de synthèse (pp3-7) is also qualified and dated 30 avril 2026. Consolidated bilan actif and passif (condensed lines), compte de produits et charges, tableau des flux de trésorerie and tableau de variation des capitaux propres on p8; no notes, no earnings per share. The company (sociaux) CGNC statements, ESG and tableau de financement are printed on pp1-2 (not transcribed).

Income statement

Income statement, MAD units. Columns: FY2025 — published summary of audited statements (final status not established), as reported for the year; FY2024 — published summary of audited statements (final status not established), comparative reported in the published summary of audited statements for 2025.
Line (as printed) FY2025Published summary of audited statements (summary)reported for the yearFY2024Published summary of audited statements (summary)comparative in FY2025 filingsource limitations
Chiffre d'affaires 690,451,532 586,364,041
Autres produits d'exploitation 53,678,797 29,600,683
Achats consommés1 (153,553,725) (147,111,680)
Charges de personnel (73,404,443) (64,248,416)
Autres charges d'exploitation (89,244,165) (70,258,355)
Impôts et taxes2 (1,667,760) (2,727,099)
Dotations aux amortissements, dépréciations et provisions3 (38,412,256) (34,054,375)
Résultat d'exploitation avant dotations aux amort. et dép. EA4 387,847,981 297,564,799
Résultat d’exploitation après dotations aux amort. et dép. EA 387,847,981 (175,373,394)
Charges et produits financiers5 (28,130,412) (54,870,259)
Charges et produits exceptionnels6 (43,554,472) (175,373,394)
Impôts sur les résultats (119,593,339) (79,267,190)
Résultat net des entreprises intégrées7 196,569,758 (11,946,044)
Quote-part du résultat net des sociétés mises en équivalence (110,776) (186,054)
Résultat net de l’ensemble consolidé 196,458,983 (12,132,098)
Intérêts minoritaires8 (6,120) (6,120)
Notes and alternative reported figures (8)
  1. “Achats consommés” is an issuer-specific line, not mapped to a shared definition: Purchases consumed.
  2. “Impôts et taxes” is an issuer-specific line, not mapped to a shared definition: Taxes other than income tax.
  3. “Dotations aux amortissements, dépréciations et provisions” is an issuer-specific line, not mapped to a shared definition: Operating charge, one line.
  4. “Résultat d'exploitation avant dotations aux amort. et dép. EA” is an issuer-specific line, not mapped to a shared definition: Operating result before amortisation and impairment of goodwill (écarts d'acquisition).
  5. “Charges et produits financiers” is an issuer-specific line, not mapped to a shared definition: Net financial income and charges, one line.
  6. “Charges et produits exceptionnels” is an issuer-specific line, not mapped to a shared definition: Net exceptional (non-current) income and charges.
  7. “Résultat net des entreprises intégrées” is an issuer-specific line, not mapped to a shared definition: Net result of fully consolidated companies, before equity-accounted share.
  8. “Intérêts minoritaires” is an issuer-specific line, not mapped to a shared definition: Minority share of the consolidated result.

Balance sheet

Balance sheet, MAD units. Columns: FY2025 — published summary of audited statements (final status not established), as reported for the year; FY2024 — published summary of audited statements (final status not established), comparative reported in the published summary of audited statements for 2025.
Line (as printed) FY2025Published summary of audited statements (summary)reported for the yearFY2024Published summary of audited statements (summary)comparative in FY2025 filingsource limitations
Immobilisations incorporelles 73,253,184 47,196,743
Immobilisations corporelles 530,601,651 512,837,777
Immobilisations financières1 414,550,441 453,447,357
Titres mis en équivalence 45,657,798 44,931,607
Actif immobilisé 1,064,063,074 1,058,413,483
Stocks et en-cours 85,178,680 51,557,319
Clients et comptes rattachés2 311,231,007 319,284,235
Autres créances et comptes de régularisation3 432,388,912 304,836,741
Disponibilités 28,713,549 32,358,332
Actif circulant 857,512,148 708,036,628
TOTAL ACTIF 1,921,575,223 1,766,450,112
Capital 168,123,300 168,123,300
Primes liées au capital 225,666,999 225,666,999
Réserves4 310,887,207 340,366,483
Résultat Net Part Groupe5 196,465,103 (12,125,978)
Capitaux propres (Part du groupe) 901,142,608 722,030,805
Intérêts minoritaires (115,713) (109,593)
Total des capitaux propres 901,026,895 721,921,211
Provisions pour risques et charges6 333,309,242 305,373,947
Provisions 333,309,242 305,373,947
Dettes financières 171,581,683 337,854,921
Fournisseurs et comptes rattachés7 80,085,595 66,376,586
Autres dettes et comptes de régularisation8 435,571,808 334,923,446
Dettes9 687,239,086 739,154,953
TOTAL PASSIF 1,921,575,223 1,766,450,112
Notes and alternative reported figures (9)
  1. “Immobilisations financières” is an issuer-specific line, not mapped to a shared definition: Financial fixed assets.
  2. “Clients et comptes rattachés” is an issuer-specific line, not mapped to a shared definition: Trade receivables, printed apart from other receivables.
  3. “Autres créances et comptes de régularisation” is an issuer-specific line, not mapped to a shared definition: Other receivables and prepayments.
  4. “Réserves” is an issuer-specific line, not mapped to a shared definition: Consolidated reserves.
  5. “Résultat Net Part Groupe” is an issuer-specific line, not mapped to a shared definition: The year's group-share result shown within equity.
  6. “Provisions pour risques et charges” is an issuer-specific line, not mapped to a shared definition: Provisions for risks and charges.
  7. “Fournisseurs et comptes rattachés” is an issuer-specific line, not mapped to a shared definition: Trade payables, printed apart from other payables.
  8. “Autres dettes et comptes de régularisation” is an issuer-specific line, not mapped to a shared definition: Other payables and accruals.
  9. “Dettes” is an issuer-specific line, not mapped to a shared definition: Printed subtotal of financial debts, trade payables and other payables (excludes provisions).

Cash flow

Cash flow, MAD units. Columns: FY2025 — published summary of audited statements (final status not established), as reported for the year; FY2024 — published summary of audited statements (final status not established), comparative reported in the published summary of audited statements for 2025.
Line (as printed) FY2025Published summary of audited statements (summary)reported for the yearFY2024Published summary of audited statements (summary)comparative in FY2025 filingsource limitations
Résultat net total des entités consolidées1 196,458,983 (12,132,098)
Dotations / Reprises aux amortissements, prov. et dépréciations2 85,031,055 232,841,807
Variation de l’impôt différé3 (2,053,969) (540,061)
Élimination des plus ou moins values de cessions d'actifs4 424,293 (1,000,001)
Élimination de la quote-part de résultat des sociétés MEE5 110,776 186,054
Autres éléments sans incidence sur la trésorerie6 49,452 58,415
Marge brute d'autofinancement7 280,020,589 219,414,116
Variation du BFR lié à l'activité (provisions incluses)8 (36,708,964) (146,557,866)
Flux net de trésorerie généré par l'exploitation (I) 243,311,624 72,856,250
Acquisitions d'immobilisations9 (80,633,719) (108,000,597)
Flux net de trésorerie généré par l'investissement (II) (80,633,719) (106,967,597)
Remboursements d'emprunts (62,706,782) (62,015,380)
Flux net de trésorerie Généré par les opérations de financement (III) (62,706,782) (8,953,315)
Variation de flux de trésorerie (I + II + III + IV) 99,971,123 (38,876,222)
Trésorerie : ouverture (94,421,276) (55,545,054)
Trésorerie : clôture 5,549,847 (94,421,276)
Cessions d'immobilisations10 Not reported in this filing11 1,000,000
Réduction des autres immobilisations financières12 Not reported in this filing13 33,000
Émissions d'emprunts Not reported in this filing14 53,062,065
Variation de change sur la trésorerie (IV) Not reported in this filing15 4,188,440
Notes and alternative reported figures (15)
  1. “Résultat net total des entités consolidées” is an issuer-specific line, not mapped to a shared definition: Starting line of the indirect cash-flow statement.
  2. “Dotations / Reprises aux amortissements, prov. et dépréciations” is an issuer-specific line, not mapped to a shared definition: Non-cash adjustment.
  3. “Variation de l’impôt différé” is an issuer-specific line, not mapped to a shared definition: Non-cash adjustment.
  4. “Élimination des plus ou moins values de cessions d'actifs” is an issuer-specific line, not mapped to a shared definition: Non-cash adjustment.
  5. “Élimination de la quote-part de résultat des sociétés MEE” is an issuer-specific line, not mapped to a shared definition: Non-cash adjustment.
  6. “Autres éléments sans incidence sur la trésorerie” is an issuer-specific line, not mapped to a shared definition: Non-cash adjustment.
  7. “Marge brute d'autofinancement” is an issuer-specific line, not mapped to a shared definition: Printed subtotal before the working-capital change.
  8. “Variation du BFR lié à l'activité (provisions incluses)” is an issuer-specific line, not mapped to a shared definition: Working-capital change.
  9. “Acquisitions d'immobilisations” is an issuer-specific line, not mapped to a shared definition: All fixed assets (tangible, intangible and financial not separated).
  10. “Cessions d'immobilisations” is an issuer-specific line, not mapped to a shared definition: Proceeds from fixed-asset disposals.
  11. Not reported in this filing: Not printed for 2025: the line 'Cessions d'immobilisations' carries a 2024 amount (1 000 000) only; the 2025 column is left blank (p8, checked on the page image).
  12. “Réduction des autres immobilisations financières” is an issuer-specific line, not mapped to a shared definition: Investing inflow.
  13. Not reported in this filing: Not printed for 2025: the line 'Réduction des autres immobilisations financières' carries a 2024 amount (33 000) only; the 2025 column is left blank (p8, checked on the page image).
  14. Not reported in this filing: Not printed for 2025: the line 'Émissions d'emprunts' carries a 2024 amount (53 062 065) only; the 2025 column is left blank (p8, checked on the page image).
  15. Not reported in this filing: Not printed for 2025: the line 'Variation de change sur la trésorerie (IV)' carries a 2024 amount (4 188 440) only; the 2025 column is left blank (p8, checked on the page image).

Per share and shares

Per share and shares. Columns: FY2025 — published summary of audited statements (final status not established), as reported for the year; FY2024 — published summary of audited statements (final status not established), comparative reported in the published summary of audited statements for 2025.
Line (as printed) FY2025Published summary of audited statements (summary)reported for the yearFY2024Published summary of audited statements (summary)comparative in FY2025 filingsource limitations
Profit / (loss) attributable to shareholders (MAD units)1 196,465,103 (12,125,978)
Notes and alternative reported figures (1)
  1. Profit / (loss) attributable to shareholders: printed as “Résultat net (Part du groupe)”.

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.

No dividend statement or amount collected.

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.

  • CMT — États financiers sociaux, exercice au 31 décembre 2025 / États financiers consolidés, exercice au 31 décembre 2025

    Year ended 31 December 2025 · Published summary of audited statements (summary) · final status not established

    Audit: Deloitte Audit; Coopers Audit Maroc S.A. (commissaires aux comptes) (named); no auditor's opinion on the full statements in this document

    Final status: Statements published by CMT through the Casablanca exchange without notes; p1 states that the annual financial report is available on the company's website. The publication reproduces the commissaires aux comptes' report on the full consolidated états de synthèse (which include the ETIC, not printed here): qualified, dated 'Casablanca, le 30 avril 2026', with handwritten signature and stamps (Deloitte Audit, Sakina Bensouda Korachi, Associée; Coopers Audit Maroc S.A., Hicham Cherkaoui, Associé; PDF p13, page image). No auditor's report on this publication itself is printed; no board approval date is printed.

    Document date
    30 Apr 2026
    Auditor's report
    date not recorded
    Board approval
    date not recorded
    Retrieved by us
    8 Oct 2026 (not a publication date)
    Used for
    statement columns FY2025, FY2024
    Basis
    consolidated statements · MAD units (printed “(En dirhams)”)
    • Fondement de l'opinion avec réserve (report on the full consolidated états de synthèse, not on this publication): (1.1a) CMT was fined 2,3 billion dirhams on 4 November 2025 in a customs/foreign-exchange case (Office des Changes, initially 387 MMAD of infractions) and settled with the Office des Changes on 2 April 2026 for 155 MMAD, which management says is covered by provisions; (1.1b) a second foreign-exchange case (fine of 827 MMAD, October 2024) was settled on 2 April 2026 for 27 MMAD, but a receivable on the historic customer and a debt to an indirect shareholder of 13,7 MUSD remain in CMT's books, and a matching bank receivable and customer debt of 13,7 MUSD in a foreign subsidiary; the auditors cannot conclude on the possible impacts; (1.2) commercial relations with the historic customer resumed pending a new contract and arbitration was suspended; the auditors cannot conclude on the impacts; (2, new) subsidiary Touissit International Corporation holds participations with a gross carrying value of 170,4 MMAD (18,6 MUSD) with no documentation supporting their valuation (a 21 MMAD impairment of CMT's investment in TIC is kept); the auditors cannot conclude on the impacts (PDF pp9-10).
    • Basis: Fondement de l'opinion avec réserve (PDF pp9-10), on the full consolidated états de synthèse; reproduced in this publication.
    • Directory name 'MINIERE TOUISSIT'; the publication prints 'Compagnie Minière de Touissit S.A. (« CMT »)' (p1) and 'COMPAGNIE MINIERE DE TOUISSIT (C.M.T.) S.A., 89-90 rue Larbi Doghmi, Casablanca' (auditors' reports, pp3, 9).
    • The 2024 column of 'Résultat d'exploitation après dotations aux amort. et dép. EA' prints (175 373 394), the same figure as 2024 'Charges et produits exceptionnels', although the goodwill line is blank and the result before goodwill is 297 564 799; 2024 'Résultat net des entreprises intégrées' (11 946 044) follows from 297 564 799. Checked on the p8 image; kept as printed.
    • Amounts in dirhams rounded line by line: group equity 2025 sums to 901 142 609 against 901 142 608 printed (2024: 722 030 804 against 722 030 805); 2025 operating result before goodwill sums to 387 847 980 against 387 847 981; 2025 marge brute d'autofinancement sums to 280 020 590 against 280 020 589. Checked on the p8 image; kept as printed.
    • The variation of cash (I + II + III + IV) includes the exchange effect (IV) printed for 2024 (4 188 440); opening and closing trésorerie in the cash-flow statement are net of bank overdrafts ((94 421 276) / 5 549 847) and differ from balance-sheet disponibilités (32 358 332 / 28 713 549). Validation fails explained: cf.closing_cash 2024 adds IV a second time; cf.opening/closing_equals_balance_sheet compare net trésorerie with disponibilités; is.operating_profit and the integrated-result check for 2024 follow from the misprinted 2024 operating result after goodwill (issuer_inconsistency note). Kept as printed.
    • No auditor's report on the publication itself is printed. It reproduces the 'Rapport des commissaires aux comptes, exercice du 1er janvier 2025 au 31 décembre 2025 — Audit des états de synthèse consolidés' (pp9-13), covering the consolidated bilan, compte de produits et charges, tableau des flux de trésorerie and ETIC, with a qualified opinion ('Opinion avec réserve', p9), consolidated equity of 901 MMAD and net profit of 196,5 MMAD (matching p8), signed Deloitte Audit and Coopers Audit Maroc S.A., Casablanca, 30 avril 2026 (p13). The general report on the company états de synthèse (pp3-7) is also qualified and dated 30 avril 2026.
    • Consolidated bilan actif and passif (condensed lines), compte de produits et charges, tableau des flux de trésorerie and tableau de variation des capitaux propres on p8; no notes, no earnings per share. The company (sociaux) CGNC statements, ESG and tableau de financement are printed on pp1-2 (not transcribed).
    Technical details
    File
    13 pages, with a text layer
    SHA-256
    e7da3bf05a03049bee7fa04e0f29c13a48dfb682adc461a54cdcc6c4d4bf2e40
    Entity as printed
    Compagnie Minière de Touissit (CMT) S.A. et ses filiales (le « groupe »)
    Exchange copy
    retrieved 2026-10-08T18:15:33Z

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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