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	Jun 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Premiums & Annuity Revenue	109.05	105.89	33.18	22.79	7.35	22.69
Total Interest & Dividend Income	43.77	14.34	11	16.61	7.67	7.48
Gain (Loss) on Sale of Investments	-0.35	1.35	4.07	16.09	16.62	0.17
Other Revenue	-	-	-	-	2.86	-
Total Revenue	152.47	121.58	48.25	55.5	34.5	30.34
Revenue Growth (YoY)	234.11%	151.97%	-13.06%	60.89%	13.70%	-16.97%
Policy Benefits	113.99	114.12	34.64	20.48	1.59	8.04
Policy Acquisition & Underwriting Costs	-	-	-	-	1.88	1.54
Selling, General & Administrative	3.03	3.47	2.2	2.36	12.36	14.08
Provision for Bad Debts	-	-	-	-	-3.88	-0.86
Other Operating Expenses	1.75	1.62	-3.97	-0.34	-6.43	-5.09
Total Operating Expenses	118.77	119.21	32.87	22.49	5.53	17.7
Operating Income	33.7	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	33.61	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	36.6	5.26	16.21	33.7	27.23	11.76
Income Tax Expense	1.08	0.25	-	-	-	-
Net Income	35.52	5.01	16.21	33.7	27.23	11.76
Net Income to Common	35.52	5.01	16.21	33.7	27.23	11.76
Net Income Growth	894.48%	-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)	-	-	-	-	0.00%	-
EPS (Basic)	0.24	0.03	0.11	0.22	0.18	0.08
EPS (Diluted)	0.24	0.03	0.11	0.22	0.18	0.08
EPS Growth	894.50%	-69.09%	-51.91%	23.77%	131.59%	-20.16%
Free Cash Flow	7.88	5.2	-1.78	-1.78	6.98	2.47
Free Cash Flow Per Share	0.05	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	22.10%	1.95%	31.87%	59.47%	83.96%	41.65%
Profit Margin	23.29%	4.12%	33.59%	60.71%	78.92%	38.75%
Free Cash Flow Margin	5.17%	4.28%	-3.68%	-3.20%	20.23%	8.15%
EBITDA	33.83	2.46	15.48	33.16	29.26	13.07
EBITDA Margin	22.19%	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	33.7	2.38	15.38	33.01	28.96	12.64
EBIT Margin	22.10%	1.95%	31.87%	59.47%	83.96%	41.65%
Effective Tax Rate	2.95%	4.70%	-	-	-	-

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