Solidarity Bahrain B.S.C. (BAX:SOLID)

Solidarity Bahrain B.S.C. Income Statement

Financials in millions BHD. 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	49.07	35.66	33.14	26.72	14.47	15.07
Total Interest & Dividend Income	7.72	3.83	2.7	2.53	2.13	1.88
Gain (Loss) on Sale of Investments	-	-	-	-	-0.26	-
Other Revenue	4.29	3.14	0.25	2.38	1.48	1.05
Total Revenue	61.07	42.63	36.09	31.63	17.82	17.99
Revenue Growth (YoY)	61.78%	18.12%	14.12%	77.47%	-0.96%	-0.80%
Policy Benefits	47.57	34.83	32.28	18.06	8.43	9.19
Policy Acquisition & Underwriting Costs	5.58	5.09	3.59	2.82	1.56	1.45
Provision for Bad Debts	-	-	-	0.11	0.04	0.16
Other Operating Expenses	-8.09	-9.99	-8.99	2.65	1.92	1.95
Total Operating Expenses	49.91	34.56	30.61	27.07	14.51	15.21
Operating Income	11.16	8.07	5.48	4.56	3.31	2.78
EBT Excluding Unusual Items	11.16	8.07	5.48	4.56	3.31	2.78
Other Unusual Items	-	-	-	-	-	0.3
Pretax Income	11.16	8.07	5.48	4.56	3.31	3.08
Net Income	11.16	8.07	5.48	4.56	3.31	3.08
Preferred Dividends & Other Adjustments	0.75	1.18	1.14	0.83	0.42	0.39
Net Income to Common	10.41	6.89	4.34	3.73	2.89	2.69
Net Income Growth	86.42%	47.25%	20.13%	37.88%	7.44%	6.06%
Shares Outstanding (Basic)	170	170	170	169	153	153
Shares Outstanding (Diluted)	170	170	170	169	153	153
Shares Change (YoY)	0.03%	-	0.74%	10.30%	-	-
EPS (Basic)	0.06	0.04	0.03	0.02	0.02	0.02
EPS (Diluted)	0.06	0.04	0.03	0.02	0.02	0.02
EPS Growth	123.86%	58.71%	15.42%	17.34%	7.45%	2.64%
Free Cash Flow	5.02	4.09	0.95	3.12	4.15	2.79
Free Cash Flow Per Share	0.03	0.02	0.01	0.02	0.03	0.02
Dividend Per Share	-	-	0.020	0.016	0.014	0.014
Dividend Growth	-	-	24.84%	11.35%	2.92%	16.10%
Operating Margin	18.27%	18.93%	15.18%	14.42%	18.56%	15.46%
Profit Margin	17.05%	16.16%	12.03%	11.81%	16.19%	14.92%
Free Cash Flow Margin	8.21%	9.58%	2.62%	9.86%	23.28%	15.52%
EBITDA	11.39	8.42	5.67	4.7	3.58	3.03
EBITDA Margin	18.65%	19.76%	15.72%	14.86%	20.10%	16.85%
D&A For EBITDA	0.23	0.36	0.19	0.14	0.27	0.25
EBIT	11.16	8.07	5.48	4.56	3.31	2.78
EBIT Margin	18.27%	18.93%	15.18%	14.42%	18.56%	15.46%

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