Sharjah Insurance Company P.S.C. (ADX:SICO)

ADX:SICO 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	Sep 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Premiums & Annuity Revenue	111.08	105.89	33.18	22.79	7.35	22.69
Total Interest & Dividend Income	13.4	14.34	11	16.61	7.67	7.48
Gain (Loss) on Sale of Investments	1.35	1.35	4.07	16.09	16.62	0.17
Other Revenue	42.39	-	-	-	2.86	-
Total Revenue	168.23	121.58	48.25	55.5	34.5	30.34
Revenue Growth (YoY)	270.62%	151.97%	-13.06%	60.89%	13.70%	-16.97%
Policy Benefits	116.6	114.12	34.64	20.48	1.59	8.04
Policy Acquisition & Underwriting Costs	-	-	-	-	1.88	1.54
Selling, General & Administrative	2.65	3.47	2.2	2.36	12.36	14.08
Provision for Bad Debts	-	-	-	-	-3.88	-0.86
Other Operating Expenses	1.13	1.62	-3.97	-0.34	-6.43	-5.09
Total Operating Expenses	120.38	119.21	32.87	22.49	5.53	17.7
Operating Income	47.85	2.38	15.38	33.01	28.96	12.64
Interest Expense	-0.09	-0.11	-0.14	-0.49	-0.2	-0.24
Other Non Operating Income (Expenses)	-	-	-	-	-	0.22
EBT Excluding Unusual Items	47.76	2.27	15.24	32.52	28.76	12.62
Asset Writedown	2.99	2.99	0.96	1.15	-1.5	-0.98
Other Unusual Items	-	-	-	0.02	-0.03	0.12
Pretax Income	50.75	5.26	16.21	33.7	27.23	11.76
Income Tax Expense	1.54	0.25	-	-	-	-
Net Income	49.21	5.01	16.21	33.7	27.23	11.76
Net Income to Common	49.21	5.01	16.21	33.7	27.23	11.76
Net Income Growth	4002.53%	-69.09%	-51.91%	23.77%	131.59%	-20.16%
Shares Outstanding (Basic)	150	150	150	150	150	150
Shares Outstanding (Diluted)	150	150	150	150	150	150
Shares Change (YoY)	0.50%	-	-	-	0.00%	-
EPS (Basic)	0.33	0.03	0.11	0.22	0.18	0.08
EPS (Diluted)	0.33	0.03	0.11	0.22	0.18	0.08
EPS Growth	3982.35%	-69.09%	-51.91%	23.77%	131.59%	-20.16%
Free Cash Flow	-1.18	5.2	-1.78	-1.78	6.98	2.47
Free Cash Flow Per Share	-0.01	0.04	-0.01	-0.01	0.05	0.02
Dividend Per Share	0.050	0.050	0.070	0.100	0.073	0.064
Dividend Growth	-28.57%	-28.57%	-30.00%	36.43%	14.17%	-
Operating Margin	28.44%	1.95%	31.87%	59.47%	83.96%	41.65%
Profit Margin	29.25%	4.12%	33.59%	60.71%	78.92%	38.75%
Free Cash Flow Margin	-0.70%	4.28%	-3.68%	-3.20%	20.23%	8.15%
EBITDA	47.98	2.46	15.48	33.16	29.26	13.07
EBITDA Margin	28.52%	2.02%	32.08%	59.74%	84.83%	43.09%
D&A For EBITDA	0.13	0.09	0.1	0.15	0.3	0.44
EBIT	47.85	2.38	15.38	33.01	28.96	12.64
EBIT Margin	28.44%	1.95%	31.87%	59.47%	83.96%	41.65%
Effective Tax Rate	3.04%	4.70%	-	-	-	-

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