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STROC Industrie

STR · Bourse de Casablanca · Company statements

On this page
Company details
Legal name
STROC Industrie SA
Listing
STR on the Bourse de Casablanca, active · ISIN MA0000012056 (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). Qualified (on the full états de synthèse): (1) going-concern uncertainty under the judicial recovery plan, with creditor claims still being verified; (2) MAD 21.4 million of supplier debts written off in 2024 without the court register of claims being provided (PDF p2).
  • 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. Autres points: without qualifying their opinion, the auditors draw attention to the company not consolidating its accounts as required by law and regulation (p2).
  • Company-only statements, not group results. These are STROC INDUSTRIE S.A.'s own (separate) statements; no consolidated statements are printed in this document or referred to as published; the auditors state: 'la société ne procède pas à la consolidation de ses comptes conformément aux dispositions légales et règlementaires en vigueur' (p2).
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: (1) going-concern uncertainty: STROC Industrie S.A. was placed in safeguard proceedings in 2018 and in judicial recovery (redressement judiciaire) on 17 February 2022, with a ten-year recovery plan accepted on 22 December 2022; some debts declared by creditors are still being verified and their possible effects are not yet recorded; at 31 December 2025 the company's results are below the plan's forecasts and debt settlements well below the initial projections; the statements were approved by the board on 27 March 2026 on a going-concern basis without the adjustments that would be needed if the company ceased its activity. (2) In 2024 the company cancelled supplier debts not declared in the creditor-declaration process, for a total of MAD 21 391 122,02, but the special register kept by the receiver was not provided to the auditors, who cannot conclude on the impact on the accounts at 31 December 2025 (commissaires aux comptes' general report on the complete états de synthèse, PDF p2).

    Source: STROC Industrie SA — Communiqué de Presse, Résultats au 31 décembre 2025 (dated 2026-04-28)

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

    Results press release of STROC Industrie filed with the Bourse de Casablanca; it states that the accounts were approved ('arrêtés') by the board of directors (p3), on 27 March 2026 according to the auditors' report (p2). It reprints the commissaires aux comptes' general report on the complete états de synthèse (bilan, CPC, ESG, tableau de financement, ETIC): QUALIFIED opinion, dated Casablanca, 28 avril 2026, with handwritten signatures and stamps of El Maguiri & Associés (Issam El Maguiri) and Coopers Audit Maroc S.A. (Abdellah Laghchaoui) visible on the render of p2. That report is not a report on this publication, which prints only the bilan and the CPC.

    Source: STROC Industrie SA — Communiqué de Presse, Résultats au 31 décembre 2025 (dated 2026-04-28)

  • 2025, 2024: figures from a published summary

    These columns come from a summary of the audited statements, not the full audited financial statements. The summary does not state its source. The press release says the accounts were approved by the board of directors and that the 2025 annual financial report is available on the company's website (p3); the reprinted auditors' report covers the complete états de synthèse (p2). No auditor's report on this publication is printed. It reprints the 'RAPPORT GENERAL DES COMMISSAIRES AUX COMPTES, EXERCICE DU 1ER JANVIER AU 31 DECEMBRE 2025' on the complete états de synthèse (p2): 'Opinion avec réserve ... Sous réserve de l'incidence des points 1 et 2 décrits dans la section « Fondement de l'opinion avec réserve » de notre rapport, nous certifions que les états de synthèse cités au premier paragraphe ci-dessus sont réguliers et sincères et donnent, dans tous leurs aspects significatifs, une image fidèle ...' (p2); key audit matter: refers to the basis for the qualified opinion; signed El Maguiri & Associés (Issam El Maguiri, Associé) and Coopers Audit Maroc S.A. (Abdellah Laghchaoui, Associé), Casablanca, 28 avril 2026 (p2). The press text states 'Les comptes ont été arrêtés par le conseil d'administration en respect de principe de continuité et ont intégré les remarques des comités d'audit et des commissaires aux comptes.' (p3) Bilan actif (Brut, Amortissements et provisions, Net, Exercice précédent Net) and passif (Exercice, Exercice précédent), and the compte de produits et charges (hors taxes) with its operations split (propres à l'exercice / concernant les exercices précédents), all in the CGNC modèle normal on PDF p1. The état des soldes de gestion, tableau de financement and ETIC (covered by the auditors' report) are not printed; the press text (p3) says the 2025 annual financial report is on the company's website.

    Source: STROC Industrie SA — Communiqué de Presse, Résultats au 31 décembre 2025 (dated 2026-04-28)

  • Auditor's emphasis of matter

    Autres points: without qualifying their opinion, the auditors draw attention to the company not consolidating its accounts as required by law and regulation (p2).

    Source: STROC Industrie SA — Communiqué de Presse, Résultats au 31 décembre 2025 (dated 2026-04-28)

  • Company-only statements, not group results

    These are STROC INDUSTRIE S.A.'s own (separate) statements; no consolidated statements are printed in this document or referred to as published; the auditors state: 'la société ne procède pas à la consolidation de ses comptes conformément aux dispositions légales et règlementaires en vigueur' (p2). The figures are the parent company's and are not group results.

    Source: STROC Industrie SA — Communiqué de Presse, Résultats au 31 décembre 2025 (dated 2026-04-28)

  • Revenue

    MAD 174 million

    173,880,539.7 MAD units · p1

    +47.8% vs 2024

  • Operating profit / (loss)

    MAD 16.2 million

    16,152,030.57 MAD units · p1

    Moved from loss to profit (FY2024: -13952952,65 MAD units)

  • Profit / (loss) for the year

    MAD 476,020

    476,019.82 MAD units · p1

    Moved from loss to profit (FY2024: -12577347,63 MAD units)

  • Total assets

    MAD 387 million

    387,072,949.74 MAD units · p1

    −3.4% vs 2024

  • Total equity

    −MAD 341 million

    (340,892,435.83) MAD units · p1

    Change not shown.

  • Cash from operations

    Not reported in this filing

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.

Not shown: the prior-year figure is zero or negative.

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 summary does not state its source. The press release says the accounts were approved by the board of directors and that the 2025 annual financial report is available on the company's website (p3); the reprinted auditors' report covers the complete états de synthèse (p2). No auditor's report on this publication is printed. It reprints the 'RAPPORT GENERAL DES COMMISSAIRES AUX COMPTES, EXERCICE DU 1ER JANVIER AU 31 DECEMBRE 2025' on the complete états de synthèse (p2): 'Opinion avec réserve ... Sous réserve de l'incidence des points 1 et 2 décrits dans la section « Fondement de l'opinion avec réserve » de notre rapport, nous certifions que les états de synthèse cités au premier paragraphe ci-dessus sont réguliers et sincères et donnent, dans tous leurs aspects significatifs, une image fidèle ...' (p2); key audit matter: refers to the basis for the qualified opinion; signed El Maguiri & Associés (Issam El Maguiri, Associé) and Coopers Audit Maroc S.A. (Abdellah Laghchaoui, Associé), Casablanca, 28 avril 2026 (p2). The press text states 'Les comptes ont été arrêtés par le conseil d'administration en respect de principe de continuité et ont intégré les remarques des comités d'audit et des commissaires aux comptes.' (p3) Bilan actif (Brut, Amortissements et provisions, Net, Exercice précédent Net) and passif (Exercice, Exercice précédent), and the compte de produits et charges (hors taxes) with its operations split (propres à l'exercice / concernant les exercices précédents), all in the CGNC modèle normal on PDF p1. The état des soldes de gestion, tableau de financement and ETIC (covered by the auditors' report) are not printed; the press text (p3) says the 2025 annual financial report is on the company's website.

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
Chitfres d'affaires 173,880,539.70 117,669,378.45
Variation de stocks de produits (1)1 (4,240,725.85) (5,588,918.64)
Reprises d'exploitation : transferts de charges2 3,912,857.37 7,663,507.01
Total I3 173,552,671.22 119,743,966.82
Achats consommés(2) de matières et fournitures4 (60,278,837.17) (46,690,375.32)
Autres charges externes5 (16,297,749.45) (13,246,100.45)
Impôts et taxes6 (814,883.68) (1,526,169.56)
Charges de personnel (68,738,216.19) (58,432,161.20)
Autres charges d'exploitation7 (1,080,000.00) (1,145,948.70)
Dotations d'exploitation8 (10,190,954.16) (12,656,164.24)
Total II9 (157,400,640.65) (133,696,919.47)
RESULTAT D'EXPLOITATION (I-II) 16,152,030.57 (13,952,952.65)
Total IV 148,926.52 322,495.80
Total V (664,054.29) (1,486,014.50)
RESULTAT FINANCIER (IV-V)10 (515,127.77) (1,163,518.70)
RESULTAT COURANT (III+VI)11 15,636,902.80 (15,116,471.35)
Total VIII12 958,995.88 23,641,126.78
Total IX13 (15,226,834.86) (20,750,388.06)
RESULTAT NON COURANT (VIII-IX)14 (14,267,838.98) 2,890,738.72
RESULTAT AVANT IMPOTS (VII+X) 1,369,063.82 (12,225,732.63)
IMPOTS SUR LES RESULTATS (893,044.00) (351,615.00)
RESULTAT NET (XI-XII) 476,019.82 (12,577,347.63)
Notes and alternative reported figures (14)
  1. “Variation de stocks de produits (1)” is an issuer-specific line, not mapped to a shared definition: Change in inventories of products (printed negative: a decrease).
  2. “Reprises d'exploitation : transferts de charges” is an issuer-specific line, not mapped to a shared definition: Operating reversals and expense transfers.
  3. “Total I” is an issuer-specific line, not mapped to a shared definition: Total operating income.
  4. “Achats consommés(2) de matières et fournitures” is an issuer-specific line, not mapped to a shared definition: Purchases consumed (printed positive; deducted).
  5. “Autres charges externes” is an issuer-specific line, not mapped to a shared definition: Other external charges (printed positive; deducted).
  6. “Impôts et taxes” is an issuer-specific line, not mapped to a shared definition: Taxes other than income tax (printed positive; deducted).
  7. “Autres charges d'exploitation” is an issuer-specific line, not mapped to a shared definition: Other operating charges (printed positive; deducted).
  8. “Dotations d'exploitation” is an issuer-specific line, not mapped to a shared definition: Operating depreciation and provision charges (printed positive; deducted).
  9. “Total II” is an issuer-specific line, not mapped to a shared definition: Total operating charges (printed positive; deducted).
  10. “RESULTAT FINANCIER (IV-V)” is an issuer-specific line, not mapped to a shared definition: Financial income less financial charges.
  11. “RESULTAT COURANT (III+VI)” is an issuer-specific line, not mapped to a shared definition: Operating result plus financial result.
  12. “Total VIII” is an issuer-specific line, not mapped to a shared definition: Total non-current income.
  13. “Total IX” is an issuer-specific line, not mapped to a shared definition: Total non-current charges (printed positive; deducted).
  14. “RESULTAT NON COURANT (VIII-IX)” is an issuer-specific line, not mapped to a shared definition: Non-current income less non-current charges.

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-- (B) 254,935.42 6,740.42
Immobilisations corporelles →[C] 243,194,859.14 250,074,848.83
Immobilisations financières-[D]1 1,725,813.47 2,562,728.50
TOTAL (A+B+C+D+E) 245,175,608.03 252,648,817.75
Stocks→[F] 6,185,338.60 13,677,780.15
Créances de l'actif circulant -(G]2 131,540,034.02 124,474,858.95
Ecarts de conversion actif→ [I] | Eléments circulants3 660,458.69 92,293.23
TOTAL II (F+G+H+I)4 138,385,831.31 138,244,932.33
Trésorerie-Actif 3,511,510.40 9,663,743.95
TOTAL GENERAL I+II+III 387,072,949.74 400,557,494.03
Capital social ou personnel (1) 62,425,750.00 62,425,750.00
Prime d'émission, de fusion, d'apport 88,574,105.00 88,574,105.00
Ecarts de réévaluation 234,026,517.08 234,026,517.08
Réserve légale5 2,976,625.70 2,976,625.70
Report à nouveau (2)6 (729,371,453.43) (716,794,105.80)
Résultat net de l'exercice (2)7 476,019.82 (12,577,347.63)
Total des capitaux propres (A) (340,892,435.83) (341,368,455.65)
Dettes de financement (C)8 145,746,142.74 145,872,104.39
TOTALI (A+B+C+D+E)9 (195,146,293.09) (195,496,351.26)
Dettes du passit circulant (F)10 492,729,348.77 507,531,879.92
Autres provisions pour risques et charges (G) 11,145,966.36 8,284,610.75
TOTAL II (F+G+H))11 503,875,315.13 515,926,143.65
TRESORERIE PASSIF 78,343,927.70 80,127,701.64
TOTAL GENERAL I+II+III 387,072,949.74 400,557,494.03
Immobilisations en non valeurs -[A]12 Not reported in this filing13 4,500.00
Ecarts de conversion - passit (Eléments circulants) (H)14 Not reported in this filing15 109,652.98
Notes and alternative reported figures (15)
  1. “Immobilisations financières-[D]” is an issuer-specific line, not mapped to a shared definition: Financial fixed assets, net of provisions.
  2. “Créances de l'actif circulant -(G]” is an issuer-specific line, not mapped to a shared definition: Current receivables, net.
  3. “Ecarts de conversion actif→ [I] | Eléments circulants” is an issuer-specific line, not mapped to a shared definition: Unrealised exchange losses on current items.
  4. “TOTAL II (F+G+H+I)” is an issuer-specific line, not mapped to a shared definition: Current assets excluding treasury (trésorerie-actif printed separately).
  5. “Réserve légale” is an issuer-specific line, not mapped to a shared definition: Legal reserve.
  6. “Report à nouveau (2)”: mapping to a shared definition is uncertain. Retained earnings brought forward (report à nouveau, negative); the year's result is printed separately.
  7. “Résultat net de l'exercice (2)” is an issuer-specific line, not mapped to a shared definition: The year's net result within equity.
  8. “Dettes de financement (C)” is an issuer-specific line, not mapped to a shared definition: Long-term financing debts (autres dettes de financement).
  9. “TOTALI (A+B+C+D+E)” is an issuer-specific line, not mapped to a shared definition: Equity, quasi-equity, financing debts, durable provisions and conversion differences.
  10. “Dettes du passit circulant (F)” is an issuer-specific line, not mapped to a shared definition: Current operating liabilities.
  11. “TOTAL II (F+G+H))” is an issuer-specific line, not mapped to a shared definition: Current liabilities excluding treasury.
  12. “Immobilisations en non valeurs -[A]” is an issuer-specific line, not mapped to a shared definition: Deferred charges (non-value assets), net; nil in 2025.
  13. Not reported in this filing: The line 'Immobilisations en non valeurs →[A]' carries a 2024 amount only (Exercice précédent Net 4500,00); the 2025 columns (Brut, Amortissements et Provisions, Net) are blank, with no dash printed (p1, checked on the page image).
  14. “Ecarts de conversion - passit (Eléments circulants) (H)” is an issuer-specific line, not mapped to a shared definition: Unrealised exchange gains on current items; 2024 only.
  15. Not reported in this filing: The line 'Ecarts de conversion - passif (Eléments circulants) (H)' carries a 2024 amount only (109652,98); the 2025 column is blank, with no dash printed (p1, checked on the page image).

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.

  • STROC Industrie SA — Communiqué de Presse, Résultats au 31 décembre 2025

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

    Audit: El Maguiri & Associés (Russell Bedford) and Coopers Audit Maroc S.A. (named); no auditor's opinion on the full statements in this document · no signature page in this document

    Final status: Results press release of STROC Industrie filed with the Bourse de Casablanca; it states that the accounts were approved ('arrêtés') by the board of directors (p3), on 27 March 2026 according to the auditors' report (p2). It reprints the commissaires aux comptes' general report on the complete états de synthèse (bilan, CPC, ESG, tableau de financement, ETIC): QUALIFIED opinion, dated Casablanca, 28 avril 2026, with handwritten signatures and stamps of El Maguiri & Associés (Issam El Maguiri) and Coopers Audit Maroc S.A. (Abdellah Laghchaoui) visible on the render of p2. That report is not a report on this publication, which prints only the bilan and the CPC.

    Document date
    28 Apr 2026
    Published
    30 Apr 2026
    Auditor's report
    date not found in this document
    Board approval
    27 Mar 2026
    Retrieved by us
    8 Oct 2026 (not a publication date)
    Used for
    statement columns FY2025, FY2024
    Basis
    company statements · MAD units (printed “Dirhams (centimes printed)”)
    • Fondement de l'opinion avec réserve: (1) going-concern uncertainty: STROC Industrie S.A. was placed in safeguard proceedings in 2018 and in judicial recovery (redressement judiciaire) on 17 February 2022, with a ten-year recovery plan accepted on 22 December 2022; some debts declared by creditors are still being verified and their possible effects are not yet recorded; at 31 December 2025 the company's results are below the plan's forecasts and debt settlements well below the initial projections; the statements were approved by the board on 27 March 2026 on a going-concern basis without the adjustments that would be needed if the company ceased its activity. (2) In 2024 the company cancelled supplier debts not declared in the creditor-declaration process, for a total of MAD 21 391 122,02, but the special register kept by the receiver was not provided to the auditors, who cannot conclude on the impact on the accounts at 31 December 2025 (commissaires aux comptes' general report on the complete états de synthèse, PDF p2).
    • Qualified (on the full états de synthèse): (1) going-concern uncertainty under the judicial recovery plan, with creditor claims still being verified; (2) MAD 21.4 million of supplier debts written off in 2024 without the court register of claims being provided (PDF p2).
    • Amounts in dirhams with centimes, printed without thousands separators and with a decimal comma. CGNC charges are printed positive and deducted (stored as deductions). The page is a scan; p1's embedded text layer (an OCR layer) is out of reading order and is not used.
    • No auditor's report on this publication is printed. It reprints the 'RAPPORT GENERAL DES COMMISSAIRES AUX COMPTES, EXERCICE DU 1ER JANVIER AU 31 DECEMBRE 2025' on the complete états de synthèse (p2): 'Opinion avec réserve ... Sous réserve de l'incidence des points 1 et 2 décrits dans la section « Fondement de l'opinion avec réserve » de notre rapport, nous certifions que les états de synthèse cités au premier paragraphe ci-dessus sont réguliers et sincères et donnent, dans tous leurs aspects significatifs, une image fidèle ...' (p2); key audit matter: refers to the basis for the qualified opinion; signed El Maguiri & Associés (Issam El Maguiri, Associé) and Coopers Audit Maroc S.A. (Abdellah Laghchaoui, Associé), Casablanca, 28 avril 2026 (p2). The press text states 'Les comptes ont été arrêtés par le conseil d'administration en respect de principe de continuité et ont intégré les remarques des comités d'audit et des commissaires aux comptes.' (p3)
    • Bilan actif (Brut, Amortissements et provisions, Net, Exercice précédent Net) and passif (Exercice, Exercice précédent), and the compte de produits et charges (hors taxes) with its operations split (propres à l'exercice / concernant les exercices précédents), all in the CGNC modèle normal on PDF p1. The état des soldes de gestion, tableau de financement and ETIC (covered by the auditors' report) are not printed; the press text (p3) says the 2025 annual financial report is on the company's website.
    Technical details
    File
    3 pages, with a text layer
    SHA-256
    ccf74da03a2e5a4fd0656edee36de55a4c510cd3f8c62ad8aa971e20cac35ba6
    Entity as printed
    STROC INDUSTRIE SA / STROC INDUSTRIE S.A
    Exchange copy
    retrieved 2026-10-08T18:23:38Z

Data notes

  • Prime d'émission, de fusion, d'apport — OCR read '88574105.00'; the page image shows '88574105,00'. OCR read the printed decimal comma as a full stop; the render prints a comma. (STROC Industrie SA — Communiqué de Presse, Résultats au 31 décembre 2025, p1)
  • Report à nouveau (2) — OCR read '-729371453.43'; the page image shows '-729371453,43'. OCR read the printed decimal comma as a full stop; the render prints a comma. (STROC Industrie SA — Communiqué de Presse, Résultats au 31 décembre 2025, p1)
  • Report à nouveau (2) — OCR read '-716794105.80'; the page image shows '-716794105,80'. OCR read the printed decimal comma as a full stop; the render prints a comma. (STROC Industrie SA — Communiqué de Presse, Résultats au 31 décembre 2025, p1)
  • Total des capitaux propres (A) — OCR read '-340892435.83'; the page image shows '-340892435,83'. OCR read the printed decimal comma as a full stop; the render prints a comma. (STROC Industrie SA — Communiqué de Presse, Résultats au 31 décembre 2025, p1)
  • Total des capitaux propres (A) — OCR read '-341368455.65'; the page image shows '-341368455,65'. OCR read the printed decimal comma as a full stop; the render prints a comma. (STROC Industrie SA — Communiqué de Presse, Résultats au 31 décembre 2025, p1)
  • TOTAL II (F+G+H)) — OCR read '515926143.65'; the page image shows '515926143,65'. OCR read the printed decimal comma as a full stop; the render prints a comma. (STROC Industrie SA — Communiqué de Presse, Résultats au 31 décembre 2025, p1)
  • TRESORERIE PASSIF — OCR read '80127701.64'; the page image shows '80127701,64'. OCR read the printed decimal comma as a full stop; the render prints a comma. (STROC Industrie SA — Communiqué de Presse, Résultats au 31 décembre 2025, p1)
  • Charges de personnel — OCR read '68738216.19'; the page image shows '68738216,19'. OCR read the printed decimal comma as a full stop; the render prints a comma. (STROC Industrie SA — Communiqué de Presse, Résultats au 31 décembre 2025, p1)
  • Dotations d'exploitation — OCR read '12656164.24'; the page image shows '12656164,24'. OCR read the printed decimal comma as a full stop; the render prints a comma. (STROC Industrie SA — Communiqué de Presse, Résultats au 31 décembre 2025, p1)
  • RESULTAT NON COURANT (VIII-IX) — OCR read '-14267838.98'; the page image shows '-14267838,98'. OCR read the printed decimal comma as a full stop; the render prints a comma. (STROC Industrie SA — Communiqué de Presse, Résultats au 31 décembre 2025, p1)
  • RESULTAT NON COURANT (VIII-IX) — OCR read '2890738.72'; the page image shows '2890738,72'. OCR read the printed decimal comma as a full stop; the render prints a comma. (STROC Industrie SA — Communiqué de Presse, Résultats au 31 décembre 2025, p1)

Review status: every figure has been located on its cited source page in an AI-assisted source verification (matched to OCR text and compared cell by cell with the page image; read from the page image) (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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