ADX:ABNIC Income Statement

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

Millions AED. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	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
Premiums & Annuity Revenue	637.46	528.3	349.58	197.3	250.24	189.45
Total Interest & Dividend Income	39.92	39.27	30.07	31.57	28.12	38.88
Other Revenue	-	-	-	-	108.69	86.5
Total Revenue	677.38	567.57	379.65	228.87	387.05	314.83
Revenue Growth (YoY)	32.70%	49.50%	65.88%	-40.87%	22.94%	-5.66%
Policy Benefits	653.57	630.91	476.32	325.73	228.89	129.55
Policy Acquisition & Underwriting Costs	-60.38	-60.38	17.4	-82.72	27.9	46.62
Depreciation & Amortization	4.66	4.66	4.99	-	-	-
Selling, General & Administrative	38.61	38.59	30.68	7.42	67.24	65.85
Provision for Bad Debts	-	-	-	-	2.5	-
Other Operating Expenses	-85.9	-85.9	-72.79	1.52	-	-
Total Operating Expenses	595.16	572.48	494.19	251.95	326.52	242.03
Operating Income	82.23	-4.9	-114.55	-23.08	60.53	72.81
Interest Expense	-18.37	-25.14	-19.25	-11.84	-12.53	-18.1
Other Non Operating Income (Expenses)	-3.92	-3.92	-1.76	-	-	-
EBT Excluding Unusual Items	59.93	-33.96	-135.56	-34.91	48	54.71
Asset Writedown	-3	-3	2.74	1.04	-23.01	-30.73
Other Unusual Items	0.04	0.04	0.06	-	0.04	-
Pretax Income	56.97	-36.93	-132.76	-33.87	25.03	23.99
Net Income	55.19	-36.93	-132.76	-33.87	25.03	23.99
Net Income to Common	55.19	-36.93	-132.76	-33.87	25.03	23.99
Net Income Growth	-	-	-	-	4.38%	8.69%
Shares Outstanding (Basic)	250	250	250	250	250	250
Shares Outstanding (Diluted)	250	250	250	250	250	250
EPS (Basic)	0.22	-0.15	-0.53	-0.14	0.10	0.10
EPS (Diluted)	0.22	-0.15	-0.53	-0.14	0.10	0.10
EPS Growth	-	-	-	-	4.38%	8.69%
Free Cash Flow	205.32	75.74	-67.62	53.77	59.98	104.55
Free Cash Flow Per Share	0.82	0.30	-0.27	0.21	0.24	0.42
Dividend Per Share	-	-	-	-	0.100	0.100
Operating Margin	12.14%	-0.86%	-30.17%	-10.08%	15.64%	23.13%
Profit Margin	8.15%	-6.51%	-34.97%	-14.80%	6.47%	7.62%
Free Cash Flow Margin	30.31%	13.34%	-17.81%	23.50%	15.50%	33.21%
EBITDA	82.54	-4.3	-113.96	-22.54	61.08	73.46
EBITDA Margin	12.19%	-0.76%	-30.02%	-9.85%	15.78%	23.33%
D&A For EBITDA	0.31	0.6	0.58	0.54	0.54	0.66
EBIT	82.23	-4.9	-114.55	-23.08	60.53	72.81
EBIT Margin	12.14%	-0.86%	-30.17%	-10.08%	15.64%	23.13%

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Insurance template. Financial Sources.