ADX:UNION Income Statement

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

Millions AED. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	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	331.99	300.53	252.7	247.3	304.16	299.67
Total Interest & Dividend Income	11.45	14.94	13.84	18.13	4.16	3.49
Gain (Loss) on Sale of Investments	6.66	5.54	0.72	1.25	-2.12	1.94
Other Revenue	-	-	-	-	-	92.01
Total Revenue	350.11	321.01	267.26	266.68	306.2	397.12
Revenue Growth (YoY)	32.75%	20.11%	0.22%	-12.91%	-22.89%	-0.96%
Policy Benefits	245.83	232.66	163.76	184.08	203.46	151.88
Policy Acquisition & Underwriting Costs	49.55	49.71	49.04	58.76	81.91	91.06
Selling, General & Administrative	4.48	2.16	1.65	-	-	93.88
Provision for Bad Debts	-	-	-	-	-	10.06
Other Operating Expenses	0.18	-12.33	24.98	26.32	18.32	37.01
Total Operating Expenses	300.05	272.2	239.42	269.16	303.69	383.9
Operating Income	50.06	48.81	27.84	-2.48	2.51	13.22
EBT Excluding Unusual Items	50.06	48.81	27.84	-2.48	2.51	13.22
Gain (Loss) on Sale of Assets	-	-	14.22	-	-	-
Pretax Income	50.06	48.81	42.06	-2.48	2.51	13.22
Income Tax Expense	3.04	2.83	3.75	-	-	-
Net Income	47.02	45.98	38.31	-2.48	2.51	13.22
Net Income to Common	47.02	45.98	38.31	-2.48	2.51	13.22
Net Income Growth	18.78%	20.02%	-	-	-81.04%	-
Shares Outstanding (Basic)	250	250	250	250	250	250
Shares Outstanding (Diluted)	250	250	250	250	250	250
EPS (Basic)	0.19	0.18	0.15	-0.01	0.01	0.05
EPS (Diluted)	0.19	0.18	0.15	-0.01	0.01	0.05
EPS Growth	18.79%	20.02%	-	-	-81.04%	-
Free Cash Flow	56.16	30.31	-25.82	38.97	1.37	-6.33
Free Cash Flow Per Share	0.23	0.12	-0.10	0.16	0.01	-0.03
Dividend Per Share	0.037	0.037	-	-	-	-
Operating Margin	14.30%	15.20%	10.42%	-0.93%	0.82%	3.33%
Profit Margin	13.43%	14.32%	14.33%	-0.93%	0.82%	3.33%
Free Cash Flow Margin	16.04%	9.44%	-9.66%	14.61%	0.45%	-1.59%
EBITDA	52.38	50.84	30.09	2.65	7.88	18.2
EBITDA Margin	14.96%	15.84%	11.26%	1.00%	2.57%	4.58%
D&A For EBITDA	2.32	2.03	2.25	5.13	5.37	4.98
EBIT	50.06	48.81	27.84	-2.48	2.51	13.22
EBIT Margin	14.30%	15.20%	10.42%	-0.93%	0.82%	3.33%
Effective Tax Rate	6.08%	5.80%	8.92%	-	-	-

Source: S&P Global Market Intelligence. Insurance template. Financial Sources.