Al Dhafra Insurance Company P.S.C. (ADX:DHAFRA)

ADX:DHAFRA Income Statement

Financials in millions AED. Fiscal year is January - December.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Premiums & Annuity Revenue	77.37	73.93	72.91	81.54	78.25	76.66
Total Interest & Dividend Income	27.38	23.34	16.59	15.6	17.23	18.79
Gain (Loss) on Sale of Investments	19.99	15.41	21.47	0.13	7.28	-2.01
Other Revenue	-	-	-	-	57.33	61.73
Total Revenue	124.74	112.69	110.97	97.27	160.1	155.16
Revenue Growth (YoY)	16.95%	1.55%	14.09%	-39.25%	3.18%	-15.35%
Policy Benefits	64.72	69.55	-13.37	11.65	33.68	23.78
Policy Acquisition & Underwriting Costs	69.88	44.2	45.12	50.7	44.96	34.67
Selling, General & Administrative	-	-	-	-	42.63	41.66
Other Operating Expenses	-59.88	-44.67	31.97	13.91	-	-
Total Operating Expenses	74.72	69.08	63.72	76.26	121.27	100.11
Operating Income	50.02	43.61	47.24	21.01	38.83	55.06
Interest Expense	-0.42	-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	44	37.58	41.3	20.86	38.64	54.8
Asset Writedown	3.59	3.59	-	2.1	-	-
Pretax Income	47.58	41.17	41.3	22.96	38.64	54.8
Income Tax Expense	4.27	2.79	-	-	-	-
Net Income	43.31	38.38	41.3	22.96	38.64	54.8
Net Income to Common	43.31	38.38	41.3	22.96	38.64	54.8
Net Income Growth	24.28%	-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)	0.43	0.38	0.41	0.23	0.39	0.55
EPS (Diluted)	0.43	0.38	0.41	0.23	0.39	0.55
EPS Growth	24.34%	-7.08%	79.88%	-40.57%	-29.48%	-22.93%
Free Cash Flow	56.87	43.87	5.02	24.28	12.56	9.07
Free Cash Flow Per Share	0.57	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	40.10%	38.70%	42.58%	21.60%	24.26%	35.48%
Profit Margin	34.72%	34.06%	37.22%	23.61%	24.13%	35.32%
Free Cash Flow Margin	45.59%	38.93%	4.52%	24.96%	7.84%	5.85%
EBITDA	50.6	44.03	47.73	21.71	39.62	55.84
EBITDA Margin	40.57%	39.07%	43.01%	22.32%	24.75%	35.99%
D&A For EBITDA	0.59	0.41	0.49	0.7	0.79	0.78
EBIT	50.02	43.61	47.24	21.01	38.83	55.06
EBIT Margin	40.10%	38.70%	42.58%	21.60%	24.26%	35.48%
Effective Tax Rate	8.98%	6.78%	-	-	-	-

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