ADX:AWNIC 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	649.07	491.18	225.32	264	214.02	207.31
Total Interest & Dividend Income	33.51	31.69	-9.54	37.62	8.26	34.95
Gain (Loss) on Sale of Investments	94.67	-22.73	178.73	-18.24	163.75	-20.76
Other Revenue	9.14	7.11	2.15	19.14	48.07	35.12
Total Revenue	786.39	507.25	396.66	302.52	434.09	256.61
Revenue Growth (YoY)	366.27%	27.88%	31.12%	-30.31%	69.16%	12.58%
Policy Benefits	511.48	417.26	199.13	243.59	115.47	96.53
Policy Acquisition & Underwriting Costs	106.86	47.15	38.72	52.86	64.92	42.96
Depreciation & Amortization	1.57	1.57	0.18	-	-	-
Selling, General & Administrative	7.3	7.3	5.7	4.03	46.55	44.69
Provision for Bad Debts	-	-	-	-	-0.75	9.91
Other Operating Expenses	43.05	57.26	21.7	-6.91	7.64	4.68
Total Operating Expenses	676.58	536.86	268.63	293.57	233.82	198.77
Operating Income	109.8	-29.62	128.03	8.96	200.27	57.85
Interest Expense	-6.96	-8.15	-9.68	-11.47	-8.5	-13.23
EBT Excluding Unusual Items	102.84	-37.76	118.35	-2.51	191.77	44.62
Gain (Loss) on Sale of Assets	-	-	-	-1.55	-	-
Asset Writedown	90.53	76.95	58.74	35.45	-27.6	-29.39
Pretax Income	193.37	39.18	177.09	31.39	164.17	15.22
Income Tax Expense	6.88	2.38	-	-	-	-
Earnings From Continuing Ops.	186.49	36.8	177.09	31.39	164.17	15.22
Net Income to Company	186.49	36.8	177.09	31.39	164.17	15.22
Net Income	186.49	36.8	177.09	31.39	164.17	15.22
Net Income to Common	186.49	36.8	177.09	31.39	164.17	15.22
Net Income Growth	-	-79.22%	464.12%	-80.88%	978.43%	155.12%
Shares Outstanding (Basic)	207	207	207	207	207	207
Shares Outstanding (Diluted)	207	207	207	207	207	207
EPS (Basic)	0.90	0.18	0.86	0.15	0.79	0.07
EPS (Diluted)	0.90	0.18	0.86	0.15	0.79	0.07
EPS Growth	-	-79.22%	464.12%	-80.88%	978.43%	155.12%
Free Cash Flow	105.13	37.04	-40.99	-65.37	10.21	56.98
Free Cash Flow Per Share	0.51	0.18	-0.20	-0.32	0.05	0.28
Dividend Per Share	0.200	0.200	0.250	0.200	0.200	0.050
Dividend Growth	-20.00%	-20.00%	25.00%	-	300.00%	-
Operating Margin	13.96%	-5.84%	32.28%	2.96%	46.13%	22.54%
Profit Margin	23.71%	7.26%	44.65%	10.38%	37.82%	5.93%
Free Cash Flow Margin	13.37%	7.30%	-10.33%	-21.61%	2.35%	22.20%
EBITDA	111.2	-28.05	129.81	10.78	202.16	59.42
EBITDA Margin	14.14%	-5.53%	32.73%	3.56%	46.57%	23.16%
D&A For EBITDA	1.4	1.57	1.78	1.83	1.89	1.57
EBIT	109.8	-29.62	128.03	8.96	200.27	57.85
EBIT Margin	13.96%	-5.84%	32.28%	2.96%	46.13%	22.54%
Effective Tax Rate	3.56%	6.08%	-	-	-	-

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Insurance template. Financial Sources.