ADX:AFNIC 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	682.27	657.88	420.63	282.18	231.85	166.65
Total Interest & Dividend Income	31.22	31.22	17.68	13.06	10.72	10.56
Gain (Loss) on Sale of Investments	9.96	9.96	11.41	-1.9	0.94	5.07
Other Revenue	-2.84	-	-	-	-	7.92
Total Revenue	720.61	699.07	449.72	293.35	243.52	190.2
Revenue Growth (YoY)	41.88%	55.45%	53.31%	20.46%	28.03%	-15.10%
Policy Benefits	627.67	608.83	415.45	289.98	248.37	87.49
Policy Acquisition & Underwriting Costs	-	-	-	-	-	12.7
Depreciation & Amortization	0.5	0.5	0.55	2.99	3.66	-
Selling, General & Administrative	0.64	0.64	0.56	2.55	1.94	71.78
Provision for Bad Debts	-	-	-	-	-	1
Other Operating Expenses	4.02	4	2.89	0.63	1.93	-
Total Operating Expenses	637.85	619	423.64	303.59	263.89	172.97
Operating Income	82.76	80.07	26.08	-10.24	-20.37	17.23
Interest Expense	-	-	-	-	-	-0.15
Other Non Operating Income (Expenses)	-0.31	-0.31	-0.32	-0.27	-0.29	-
EBT Excluding Unusual Items	82.45	79.76	25.76	-10.52	-20.66	17.08
Gain (Loss) on Sale of Assets	0.28	0.28	0.04	0.06	0.01	0.22
Asset Writedown	-2.21	-2.21	1.06	2.47	-0.27	1.39
Pretax Income	80.51	77.82	26.86	-7.98	-20.91	18.69
Income Tax Expense	6.53	6.34	1.83	-	-	-
Net Income	73.98	71.48	25.03	-7.98	-20.91	18.69
Net Income to Common	73.98	71.48	25.03	-7.98	-20.91	18.69
Net Income Growth	90.96%	185.63%	-	-	-	-49.41%
Shares Outstanding (Basic)	1	1	1	1	1	1
Shares Outstanding (Diluted)	1	1	1	1	1	1
EPS (Basic)	55.58	53.70	18.80	-5.99	-15.71	14.04
EPS (Diluted)	55.58	53.70	18.80	-5.99	-15.71	14.04
EPS Growth	90.96%	185.63%	-	-	-	-49.41%
Free Cash Flow	126.94	163.05	100.67	48.81	4.14	5.38
Free Cash Flow Per Share	95.38	122.50	75.63	36.67	3.11	4.04
Dividend Per Share	10.000	10.000	-	-	-	10.000
Dividend Growth	-	-	-	-	-	-26.67%
Operating Margin	11.48%	11.45%	5.80%	-3.49%	-8.37%	9.06%
Profit Margin	10.27%	10.22%	5.56%	-2.72%	-8.59%	9.82%
Free Cash Flow Margin	17.62%	23.32%	22.38%	16.64%	1.70%	2.83%
EBITDA	85.42	82.68	28.92	-6.69	-16.41	20.98
EBITDA Margin	11.85%	11.83%	6.43%	-2.28%	-6.74%	11.03%
D&A For EBITDA	2.66	2.62	2.84	3.56	3.96	3.75
EBIT	82.76	80.07	26.08	-10.24	-20.37	17.23
EBIT Margin	11.48%	11.45%	5.80%	-3.49%	-8.37%	9.06%
Effective Tax Rate	8.11%	8.14%	6.83%	-	-	-

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