Methaq Takaful Insurance P.S.C. (ADX:METHAQ)

ADX:METHAQ Income Statement

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

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Premiums & Annuity Revenue	440.36	358.03	217.65	158.09	129.71
Total Interest & Dividend Income	6.35	16.93	0.86	0.77	0.54
Gain (Loss) on Sale of Investments	0.63	-16.01	4.34	0.03	-0.21
Other Revenue	-	-	19.92	44.83	35.98
Total Revenue	447.34	358.96	242.77	203.72	166.02
Revenue Growth (YoY)	24.62%	47.86%	19.17%	22.71%	-15.63%
Policy Benefits	513.53	732.58	77.68	125.57	76.1
Policy Acquisition & Underwriting Costs	-	-	79.23	65.84	34.53
Selling, General & Administrative	-	-	38.77	40.34	38.55
Other Operating Expenses	14.76	4.14	43.91	10.07	10.45
Total Operating Expenses	528.29	736.72	239.59	241.82	157.79
Operating Income	-80.95	-377.76	3.18	-38.1	8.23
EBT Excluding Unusual Items	-80.95	-377.76	3.18	-38.1	8.23
Asset Writedown	-	-	10.77	30.55	-
Pretax Income	-80.95	-377.76	13.95	-7.56	8.23
Net Income	-80.95	-377.76	13.95	-7.56	8.23
Net Income to Common	-80.95	-377.76	13.95	-7.56	8.23
Net Income Growth	-	-	-	-	111.81%
Shares Outstanding (Basic)	150	-	150	150	150
Shares Outstanding (Diluted)	150	-	150	150	150
EPS (Basic)	-0.54	-	0.09	-0.05	0.05
EPS (Diluted)	-0.54	-	0.09	-0.05	0.05
EPS Growth	-	-	-	-	111.82%
Free Cash Flow	-0.49	-0.5	2.83	-9.91	-20.91
Free Cash Flow Per Share	-0.00	-	0.02	-0.07	-0.14
Operating Margin	-18.09%	-105.24%	1.31%	-18.70%	4.96%
Profit Margin	-18.09%	-105.24%	5.75%	-3.71%	4.96%
Free Cash Flow Margin	-0.11%	-0.14%	1.17%	-4.87%	-12.60%
EBITDA	-80.41	-377.2	3.91	-37.18	8.81
EBITDA Margin	-17.97%	-105.08%	1.61%	-18.25%	5.31%
D&A For EBITDA	0.54	0.56	0.73	0.92	0.58
EBIT	-80.95	-377.76	3.18	-38.1	8.23
EBIT Margin	-18.09%	-105.24%	1.31%	-18.70%	4.96%

Updated Jul 26, 2024. Source: S&P Global Market Intelligence. Insurance template. Financial Sources.