ADX:AFNIC 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	657.88	420.63	282.18	231.85	166.65
Total Interest & Dividend Income	31.22	17.68	13.06	10.72	10.56
Gain (Loss) on Sale of Investments	9.96	11.41	-1.9	0.94	5.07
Other Revenue	-	-	-	-	7.92
Total Revenue	699.07	449.72	293.35	243.52	190.2
Revenue Growth (YoY)	55.45%	53.31%	20.46%	28.03%	-15.10%
Policy Benefits	608.83	415.45	289.98	248.37	87.49
Policy Acquisition & Underwriting Costs	-	-	-	-	12.7
Depreciation & Amortization	0.5	0.55	2.99	3.66	-
Selling, General & Administrative	0.64	0.56	2.55	1.94	71.78
Provision for Bad Debts	-	-	-	-	1
Other Operating Expenses	4	2.89	0.63	1.93	-
Total Operating Expenses	619	423.64	303.59	263.89	172.97
Operating Income	80.07	26.08	-10.24	-20.37	17.23
Interest Expense	-	-	-	-	-0.15
Other Non Operating Income (Expenses)	-0.31	-0.32	-0.27	-0.29	-
EBT Excluding Unusual Items	79.76	25.76	-10.52	-20.66	17.08
Gain (Loss) on Sale of Assets	0.28	0.04	0.06	0.01	0.22
Asset Writedown	-2.21	1.06	2.47	-0.27	1.39
Pretax Income	77.82	26.86	-7.98	-20.91	18.69
Income Tax Expense	6.34	1.83	-	-	-
Net Income	71.48	25.03	-7.98	-20.91	18.69
Net Income to Common	71.48	25.03	-7.98	-20.91	18.69
Net Income Growth	185.63%	-	-	-	-49.41%
Shares Outstanding (Basic)	1	1	1	1	1
Shares Outstanding (Diluted)	1	1	1	1	1
EPS (Basic)	53.70	18.80	-5.99	-15.71	14.04
EPS (Diluted)	53.70	18.80	-5.99	-15.71	14.04
EPS Growth	185.63%	-	-	-	-49.41%
Free Cash Flow	163.05	100.67	48.81	4.14	5.38
Free Cash Flow Per Share	122.50	75.63	36.67	3.11	4.04
Dividend Per Share	10.000	-	-	-	10.000
Dividend Growth	-	-	-	-	-26.67%
Operating Margin	11.45%	5.80%	-3.49%	-8.37%	9.06%
Profit Margin	10.22%	5.56%	-2.72%	-8.59%	9.82%
Free Cash Flow Margin	23.32%	22.38%	16.64%	1.70%	2.83%
EBITDA	82.68	28.92	-6.69	-16.41	20.98
EBITDA Margin	11.83%	6.43%	-2.28%	-6.74%	11.03%
D&A For EBITDA	2.62	2.84	3.56	3.96	3.75
EBIT	80.07	26.08	-10.24	-20.37	17.23
EBIT Margin	11.45%	5.80%	-3.49%	-8.37%	9.06%
Effective Tax Rate	8.14%	6.83%	-	-	-

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