ADX:ABNIC Income Statement

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

Millions AED. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Premiums & Annuity Revenue	740.08	528.3	349.58	197.3	250.24
Total Interest & Dividend Income	-5.94	39.27	30.07	31.57	28.12
Other Revenue	-4.05	-	-	-	108.69
Total Revenue	730.09	567.57	379.65	228.87	387.05
Revenue Growth (YoY)	28.63%	49.50%	65.88%	-40.87%	22.94%
Policy Benefits	708.66	630.91	476.32	325.73	228.89
Policy Acquisition & Underwriting Costs	-	-60.38	17.4	-82.72	27.9
Depreciation & Amortization	-	4.66	4.99	-	-
Selling, General & Administrative	5.54	38.59	30.68	7.42	67.24
Provision for Bad Debts	-	-	-	-	2.5
Other Operating Expenses	-	-85.9	-72.79	1.52	-
Total Operating Expenses	714.2	572.48	494.19	251.95	326.52
Operating Income	15.88	-4.9	-114.55	-23.08	60.53
Interest Expense	-13.02	-25.14	-19.25	-11.84	-12.53
Other Non Operating Income (Expenses)	-0.26	-3.92	-1.76	-	-
EBT Excluding Unusual Items	2.59	-33.96	-135.56	-34.91	48
Asset Writedown	-	-3	2.74	1.04	-23.01
Other Unusual Items	-	0.04	0.06	-	0.04
Pretax Income	2.59	-36.93	-132.76	-33.87	25.03
Income Tax Expense	-3.08	-	-	-	-
Net Income	5.67	-36.93	-132.76	-33.87	25.03
Net Income to Common	5.67	-36.93	-132.76	-33.87	25.03
Net Income Growth	-	-	-	-	4.38%
Shares Outstanding (Basic)	250	250	250	250	250
Shares Outstanding (Diluted)	250	250	250	250	250
Shares Change (YoY)	-0.05%	-	-	-	-
EPS (Basic)	0.02	-0.15	-0.53	-0.14	0.10
EPS (Diluted)	0.02	-0.15	-0.53	-0.14	0.10
EPS Growth	-	-	-	-	4.38%
Free Cash Flow	254.42	75.74	-67.62	53.77	59.98
Free Cash Flow Per Share	1.02	0.30	-0.27	0.21	0.24
Dividend Per Share	-	-	-	-	0.100
Operating Margin	2.17%	-0.86%	-30.17%	-10.08%	15.64%
Profit Margin	0.78%	-6.51%	-34.97%	-14.80%	6.47%
Free Cash Flow Margin	34.85%	13.34%	-17.81%	23.50%	15.50%
EBITDA	20.32	-4.3	-113.96	-22.54	61.08
EBITDA Margin	2.78%	-0.76%	-30.02%	-9.85%	15.78%
D&A For EBITDA	4.44	0.6	0.58	0.54	0.54
EBIT	15.88	-4.9	-114.55	-23.08	60.53
EBIT Margin	2.17%	-0.86%	-30.17%	-10.08%	15.64%

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Insurance template. Financial Sources.