ADX:EIC 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	559.44	536.17	488.26	1,101	424.12	526.42
Total Interest & Dividend Income	64.17	69.74	46.24	58.39	41.09	50.74
Gain (Loss) on Sale of Investments	13.45	10.01	29.93	-28.22	19.28	2.59
Other Revenue	-	-	-	-	79.3	63.82
Total Revenue	637.07	615.91	564.43	1,132	563.79	643.56
Revenue Growth (YoY)	4.55%	9.12%	-50.12%	100.73%	-12.40%	-10.29%
Policy Benefits	146.47	301.05	267.64	1,040	263.57	285.84
Policy Acquisition & Underwriting Costs	279.88	154.03	130.8	-	116.73	120.89
Selling, General & Administrative	-	-	-	-	106.76	110.76
Provision for Bad Debts	-	-	-	-	-5.04	-5.6
Other Operating Expenses	62	41.76	39.7	36	8.31	11.61
Total Operating Expenses	488.35	496.83	438.14	1,076	490.33	523.5
Operating Income	148.72	119.08	126.29	55.8	73.45	120.06
Currency Exchange Gain (Loss)	-	-	-	-	-2.46	-0.58
Other Non Operating Income (Expenses)	-	-	-	-	0.01	-
EBT Excluding Unusual Items	148.72	119.08	126.29	55.8	71.01	119.49
Asset Writedown	-	-	-	-	-	-11.2
Pretax Income	148.72	119.08	126.29	55.8	71.01	108.28
Income Tax Expense	11.17	8.33	-	-	-	-
Net Income	137.55	110.75	126.29	55.8	71.01	108.28
Net Income to Common	137.55	110.75	126.29	55.8	71.01	108.28
Net Income Growth	14.84%	-12.31%	126.33%	-21.41%	-34.43%	-4.30%
Shares Outstanding (Basic)	150	150	150	150	150	150
Shares Outstanding (Diluted)	150	150	150	150	150	150
EPS (Basic)	0.92	0.74	0.84	0.37	0.47	0.72
EPS (Diluted)	0.92	0.74	0.84	0.37	0.47	0.72
EPS Growth	15.09%	-12.31%	126.33%	-21.41%	-34.43%	-4.30%
Free Cash Flow	164.47	-24.46	-12.56	59.67	27.25	67.21
Free Cash Flow Per Share	1.10	-0.16	-0.08	0.40	0.18	0.45
Dividend Per Share	0.500	0.500	0.550	0.500	0.500	0.600
Dividend Growth	-9.09%	-9.09%	10.00%	-	-16.67%	-
Operating Margin	23.34%	19.33%	22.38%	4.93%	13.03%	18.66%
Profit Margin	21.59%	17.98%	22.38%	4.93%	12.60%	16.83%
Free Cash Flow Margin	25.82%	-3.97%	-2.23%	5.27%	4.83%	10.44%
EBITDA	152.58	122.66	129.83	59.97	78.68	125.95
EBITDA Margin	23.95%	19.92%	23.00%	5.30%	13.96%	19.57%
D&A For EBITDA	3.86	3.58	3.54	4.17	5.23	5.88
EBIT	148.72	119.08	126.29	55.8	73.45	120.06
EBIT Margin	23.34%	19.33%	22.38%	4.93%	13.03%	18.66%
Effective Tax Rate	7.51%	7.00%	-	-	-	-

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