ADX:AFNIC 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	607.77	420.63	282.18	231.85	166.65	206.87
Total Interest & Dividend Income	26.82	17.68	13.06	10.72	10.56	11.74
Gain (Loss) on Sale of Investments	11.41	11.41	-1.9	0.94	5.07	-2.11
Other Revenue	-	-	-	-	7.92	7.52
Total Revenue	645.99	449.72	293.35	243.52	190.2	224.02
Revenue Growth (YoY)	63.89%	53.31%	20.46%	28.03%	-15.10%	-6.40%
Policy Benefits	564.58	415.45	289.98	248.37	87.49	93.62
Policy Acquisition & Underwriting Costs	-	-	-	-	12.7	13.04
Depreciation & Amortization	0.55	0.55	2.99	3.66	-	-
Selling, General & Administrative	0.56	0.56	2.55	1.94	71.78	69.59
Provision for Bad Debts	-	-	-	-	1	4
Other Operating Expenses	0.53	2.89	0.63	1.93	-	-
Total Operating Expenses	570.4	423.64	303.59	263.89	172.97	180.26
Operating Income	75.59	26.08	-10.24	-20.37	17.23	43.77
Interest Expense	-	-	-	-	-0.15	-0.24
Other Non Operating Income (Expenses)	-0.32	-0.32	-0.27	-0.29	-	1.62
EBT Excluding Unusual Items	75.28	25.76	-10.52	-20.66	17.08	45.15
Gain (Loss) on Sale of Assets	0.04	0.04	0.06	0.01	0.22	0.88
Asset Writedown	1.06	1.06	2.47	-0.27	1.39	-9.1
Pretax Income	76.37	26.86	-7.98	-20.91	18.69	36.93
Income Tax Expense	5.74	1.83	-	-	-	-
Net Income	70.63	25.03	-7.98	-20.91	18.69	36.93
Net Income to Common	70.63	25.03	-7.98	-20.91	18.69	36.93
Net Income Growth	230.07%	-	-	-	-49.41%	18.32%
Shares Outstanding (Basic)	1	1	1	1	1	1
Shares Outstanding (Diluted)	1	1	1	1	1	1
EPS (Basic)	53.07	18.80	-5.99	-15.71	14.04	27.75
EPS (Diluted)	53.07	18.80	-5.99	-15.71	14.04	27.75
EPS Growth	230.07%	-	-	-	-49.41%	18.32%
Free Cash Flow	151.91	100.67	48.81	4.14	5.38	17.66
Free Cash Flow Per Share	114.13	75.63	36.67	3.11	4.04	13.27
Dividend Per Share	-	-	-	-	10.000	13.636
Dividend Growth	-	-	-	-	-26.67%	106.25%
Operating Margin	11.70%	5.80%	-3.49%	-8.37%	9.06%	19.54%
Profit Margin	10.93%	5.56%	-2.72%	-8.59%	9.82%	16.49%
Free Cash Flow Margin	23.52%	22.38%	16.64%	1.70%	2.83%	7.88%
EBITDA	78.88	28.92	-6.69	-16.41	20.98	47.72
EBITDA Margin	12.21%	6.43%	-2.28%	-6.74%	11.03%	21.30%
D&A For EBITDA	3.28	2.84	3.56	3.96	3.75	3.96
EBIT	75.59	26.08	-10.24	-20.37	17.23	43.77
EBIT Margin	11.70%	5.80%	-3.49%	-8.37%	9.06%	19.54%
Effective Tax Rate	7.52%	6.83%	-	-	-	-

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