ADX:ADNIC 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	9,480	12,080	6,706	6,205	1,403
Total Interest & Dividend Income	224.81	211.52	178.35	147.96	146
Gain (Loss) on Sale of Investments	22.05	18.35	38.14	-15.04	15.16
Other Revenue	-	-	-	-	234.34
Total Revenue	9,727	12,310	6,922	6,338	1,799
Revenue Growth (YoY)	-20.98%	77.82%	9.23%	252.30%	7.88%
Policy Benefits	8,322	11,059	5,975	5,528	912.58
Policy Acquisition & Underwriting Costs	659.84	548.03	335.42	279.9	233.29
Selling, General & Administrative	7.67	10.05	5.78	6.36	229.99
Provision for Bad Debts	-	-	-	-	4.28
Other Operating Expenses	216.15	238.39	202.7	172.94	-
Total Operating Expenses	9,205	11,855	6,519	5,988	1,380
Operating Income	521.39	454.59	403.32	350.06	418.78
EBT Excluding Unusual Items	521.39	454.59	403.32	350.06	418.78
Asset Writedown	11.73	11.85	-2.15	7.55	-16.97
Pretax Income	533.12	466.44	401.17	357.61	401.82
Income Tax Expense	53.27	46.98	0	0.02	0.02
Earnings From Continuing Ops.	479.85	419.46	401.16	357.59	401.8
Minority Interest in Earnings	-4.8	-2.65	-	-	-
Net Income	475.05	416.81	401.16	357.59	401.8
Net Income to Common	475.05	416.81	401.16	357.59	401.8
Net Income Growth	13.97%	3.90%	12.19%	-11.00%	8.30%
Shares Outstanding (Basic)	570	570	570	570	570
Shares Outstanding (Diluted)	570	570	570	570	570
EPS (Basic)	0.83	0.73	0.70	0.63	0.70
EPS (Diluted)	0.83	0.73	0.70	0.63	0.70
EPS Growth	13.97%	3.90%	12.19%	-11.00%	8.30%
Free Cash Flow	414.76	23.76	283.47	316	523.7
Free Cash Flow Per Share	0.73	0.04	0.50	0.55	0.92
Dividend Per Share	0.470	0.450	0.450	0.400	0.400
Dividend Growth	4.44%	-	12.50%	-	14.29%
Operating Margin	5.36%	3.69%	5.83%	5.52%	23.28%
Profit Margin	4.88%	3.39%	5.79%	5.64%	22.34%
Free Cash Flow Margin	4.26%	0.19%	4.09%	4.99%	29.11%
EBITDA	544.08	479.22	424.09	369.78	436.05
EBITDA Margin	5.59%	3.89%	6.13%	5.83%	24.24%
D&A For EBITDA	22.68	24.63	20.77	19.72	17.27
EBIT	521.39	454.59	403.32	350.06	418.78
EBIT Margin	5.36%	3.69%	5.83%	5.52%	23.28%
Effective Tax Rate	9.99%	10.07%	0.00%	0.01%	0.00%

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