Solidarity Bahrain B.S.C. Income Statement

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

Millions BHD. 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	65.37	35.66	33.14	26.72	14.47
Total Interest & Dividend Income	8.67	3.83	2.7	2.53	2.13
Gain (Loss) on Sale of Investments	-	-	-	-	-0.26
Other Revenue	3.03	3.14	0.25	2.38	1.48
Total Revenue	77.07	42.63	36.09	31.63	17.82
Revenue Growth (YoY)	80.78%	18.12%	14.12%	77.47%	-0.96%
Policy Benefits	61.97	34.83	32.28	18.06	8.43
Policy Acquisition & Underwriting Costs	5.24	5.09	3.59	2.82	1.56
Provision for Bad Debts	-	-	-	0.11	0.04
Other Operating Expenses	-4.92	-9.99	-8.99	2.65	1.92
Total Operating Expenses	67.65	34.56	30.61	27.07	14.51
Operating Income	9.42	8.07	5.48	4.56	3.31
EBT Excluding Unusual Items	9.42	8.07	5.48	4.56	3.31
Pretax Income	9.42	8.07	5.48	4.56	3.31
Net Income	9.42	8.07	5.48	4.56	3.31
Preferred Dividends & Other Adjustments	0.7	1.18	1.14	0.83	0.42
Net Income to Common	8.72	6.89	4.34	3.73	2.89
Net Income Growth	16.77%	47.25%	20.13%	37.88%	7.44%
Shares Outstanding (Basic)	170	170	170	169	153
Shares Outstanding (Diluted)	170	170	170	169	153
Shares Change (YoY)	-	-	0.74%	10.30%	-
EPS (Basic)	0.05	0.04	0.03	0.02	0.02
EPS (Diluted)	0.05	0.04	0.03	0.02	0.02
EPS Growth	26.60%	58.71%	15.42%	17.34%	7.45%
Free Cash Flow	-3.42	4.09	0.95	3.12	4.15
Free Cash Flow Per Share	-0.02	0.02	0.01	0.02	0.03
Dividend Per Share	0.025	-	0.020	0.016	0.014
Dividend Growth	-	-	24.84%	11.35%	2.92%
Operating Margin	12.22%	18.93%	15.18%	14.42%	18.56%
Profit Margin	11.32%	16.16%	12.03%	11.81%	16.19%
Free Cash Flow Margin	-4.44%	9.58%	2.62%	9.86%	23.28%
EBITDA	10.14	8.63	5.67	4.7	3.58
EBITDA Margin	13.16%	20.23%	15.72%	14.86%	20.10%
D&A For EBITDA	0.72	0.56	0.19	0.14	0.27
EBIT	9.42	8.07	5.48	4.56	3.31
EBIT Margin	12.22%	18.93%	15.18%	14.42%	18.56%

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