ADX:ADNIC Income Statement

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

Millions AED. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	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	10,412	9,480	12,080	6,706	6,205	1,403
Total Interest & Dividend Income	218.51	224.81	211.52	178.35	147.96	146
Gain (Loss) on Sale of Investments	22.05	22.05	18.35	38.14	-15.04	15.16
Other Revenue	7.3	-	-	-	-	234.34
Total Revenue	10,659	9,727	12,310	6,922	6,338	1,799
Revenue Growth (YoY)	-13.22%	-20.98%	77.82%	9.23%	252.30%	7.88%
Policy Benefits	9,281	8,322	11,059	5,975	5,528	912.58
Policy Acquisition & Underwriting Costs	659.84	659.84	548.03	335.42	279.9	233.29
Selling, General & Administrative	7.67	7.67	10.05	5.78	6.36	229.99
Provision for Bad Debts	-	-	-	-	-	4.28
Other Operating Expenses	223.76	216.15	238.39	202.7	172.94	-
Total Operating Expenses	10,172	9,205	11,855	6,519	5,988	1,380
Operating Income	487.64	521.39	454.59	403.32	350.06	418.78
EBT Excluding Unusual Items	487.64	521.39	454.59	403.32	350.06	418.78
Asset Writedown	11.73	11.73	11.85	-2.15	7.55	-16.97
Pretax Income	499.37	533.12	466.44	401.17	357.61	401.82
Income Tax Expense	51.18	53.27	46.98	0	0.02	0.02
Earnings From Continuing Ops.	448.19	479.85	419.46	401.16	357.59	401.8
Minority Interest in Earnings	4.34	-4.8	-2.65	-	-	-
Net Income	452.52	475.05	416.81	401.16	357.59	401.8
Net Income to Common	452.52	475.05	416.81	401.16	357.59	401.8
Net Income Growth	4.59%	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	199.15	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	0.470	0.450	0.450	0.400	0.400
Dividend Growth	4.44%	4.44%	-	12.50%	-	14.29%
Operating Margin	4.58%	5.36%	3.69%	5.83%	5.52%	23.28%
Profit Margin	4.25%	4.88%	3.39%	5.79%	5.64%	22.34%
Free Cash Flow Margin	1.87%	4.26%	0.19%	4.09%	4.99%	29.11%
EBITDA	509.53	544.08	479.22	424.09	369.78	436.05
EBITDA Margin	4.78%	5.59%	3.89%	6.13%	5.83%	24.24%
D&A For EBITDA	21.89	22.68	24.63	20.77	19.72	17.27
EBIT	487.64	521.39	454.59	403.32	350.06	418.78
EBIT Margin	4.58%	5.36%	3.69%	5.83%	5.52%	23.28%
Effective Tax Rate	10.25%	9.99%	10.07%	0.00%	0.01%	0.00%

Source: S&P Global Market Intelligence. Insurance template. Financial Sources.