ADX:UNION Income Statement

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

Millions AED. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Premiums & Annuity Revenue	300.53	252.7	247.3	304.16	299.67
Total Interest & Dividend Income	14.94	13.84	18.13	4.16	3.49
Gain (Loss) on Sale of Investments	5.54	0.72	1.25	-2.12	1.94
Other Revenue	-	-	-	-	92.01
Total Revenue	321.01	267.26	266.68	306.2	397.12
Revenue Growth (YoY)	20.11%	0.22%	-12.91%	-22.89%	-0.96%
Policy Benefits	232.66	163.76	184.08	203.46	151.88
Policy Acquisition & Underwriting Costs	49.71	49.04	58.76	81.91	91.06
Selling, General & Administrative	2.16	1.65	-	-	93.88
Provision for Bad Debts	-	-	-	-	10.06
Other Operating Expenses	-12.33	24.98	26.32	18.32	37.01
Total Operating Expenses	272.2	239.42	269.16	303.69	383.9
Operating Income	48.81	27.84	-2.48	2.51	13.22
EBT Excluding Unusual Items	48.81	27.84	-2.48	2.51	13.22
Gain (Loss) on Sale of Assets	-	14.22	-	-	-
Pretax Income	48.81	42.06	-2.48	2.51	13.22
Income Tax Expense	2.83	3.75	-	-	-
Net Income	45.98	38.31	-2.48	2.51	13.22
Net Income to Common	45.98	38.31	-2.48	2.51	13.22
Net Income Growth	20.02%	-	-	-81.04%	-
Shares Outstanding (Basic)	230	230	230	230	230
Shares Outstanding (Diluted)	230	230	230	230	230
EPS (Basic)	0.20	0.17	-0.01	0.01	0.06
EPS (Diluted)	0.20	0.17	-0.01	0.01	0.06
EPS Growth	20.02%	-	-	-81.04%	-
Free Cash Flow	30.31	-25.82	38.97	1.37	-6.33
Free Cash Flow Per Share	0.13	-0.11	0.17	0.01	-0.03
Dividend Per Share	0.040	-	-	-	-
Operating Margin	15.20%	10.42%	-0.93%	0.82%	3.33%
Profit Margin	14.32%	14.33%	-0.93%	0.82%	3.33%
Free Cash Flow Margin	9.44%	-9.66%	14.61%	0.45%	-1.59%
EBITDA	50.84	30.09	2.65	7.88	18.2
EBITDA Margin	15.84%	11.26%	1.00%	2.57%	4.58%
D&A For EBITDA	2.03	2.25	5.13	5.37	4.98
EBIT	48.81	27.84	-2.48	2.51	13.22
EBIT Margin	15.20%	10.42%	-0.93%	0.82%	3.33%
Effective Tax Rate	5.80%	8.92%	-	-	-

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Insurance template. Financial Sources.