ADX:DHAFRA 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	81.66	73.93	72.91	81.54	78.25	76.66
Total Interest & Dividend Income	28.5	23.34	16.59	15.6	17.23	18.79
Gain (Loss) on Sale of Investments	17.52	15.41	21.47	0.13	7.28	-2.01
Other Revenue	-	-	-	-	57.33	61.73
Total Revenue	127.69	112.69	110.97	97.27	160.1	155.16
Revenue Growth (YoY)	17.86%	1.55%	14.09%	-39.25%	3.18%	-15.35%
Policy Benefits	79.21	69.55	-13.37	11.65	33.68	23.78
Policy Acquisition & Underwriting Costs	44.2	44.2	45.12	50.7	44.96	34.67
Selling, General & Administrative	-	-	-	-	42.63	41.66
Other Operating Expenses	-41.16	-44.67	31.97	13.91	-	-
Total Operating Expenses	82.25	69.08	63.72	76.26	121.27	100.11
Operating Income	45.44	43.61	47.24	21.01	38.83	55.06
Interest Expense	-0.41	-0.43	-0.39	-0.15	-0.19	-0.26
Other Non Operating Income (Expenses)	-5.6	-5.6	-5.55	-	-	-
EBT Excluding Unusual Items	39.43	37.58	41.3	20.86	38.64	54.8
Asset Writedown	3.59	3.59	-	2.1	-	-
Pretax Income	43.01	41.17	41.3	22.96	38.64	54.8
Income Tax Expense	1.48	2.79	-	-	-	-
Net Income	41.53	38.38	41.3	22.96	38.64	54.8
Net Income to Common	41.53	38.38	41.3	22.96	38.64	54.8
Net Income Growth	7.52%	-7.08%	79.88%	-40.57%	-29.48%	-22.93%
Shares Outstanding (Basic)	100	100	100	100	100	100
Shares Outstanding (Diluted)	100	100	100	100	100	100
EPS (Basic)	0.42	0.38	0.41	0.23	0.39	0.55
EPS (Diluted)	0.42	0.38	0.41	0.23	0.39	0.55
EPS Growth	7.52%	-7.08%	79.88%	-40.57%	-29.48%	-22.93%
Free Cash Flow	-47.59	43.87	5.02	24.28	12.56	9.07
Free Cash Flow Per Share	-0.48	0.44	0.05	0.24	0.13	0.09
Dividend Per Share	0.350	0.350	0.350	0.300	0.350	0.400
Dividend Growth	-	-	16.67%	-14.29%	-12.50%	-
Operating Margin	35.59%	38.70%	42.58%	21.60%	24.26%	35.48%
Profit Margin	32.53%	34.06%	37.22%	23.61%	24.13%	35.32%
Free Cash Flow Margin	-37.27%	38.93%	4.52%	24.96%	7.84%	5.85%
EBITDA	46.02	44.03	47.73	21.71	39.62	55.84
EBITDA Margin	36.04%	39.07%	43.01%	22.32%	24.75%	35.99%
D&A For EBITDA	0.58	0.41	0.49	0.7	0.79	0.78
EBIT	45.44	43.61	47.24	21.01	38.83	55.06
EBIT Margin	35.59%	38.70%	42.58%	21.60%	24.26%	35.48%
Effective Tax Rate	3.44%	6.78%	-	-	-	-

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