Indara Insurance PCL Income Statement

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

Millions THB. 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	5,749	5,009	1,434	1,934	285.83
Total Interest & Dividend Income	91.15	80.32	42.73	29	5.42
Gain (Loss) on Sale of Investments	60.02	0.09	-5.49	0.85	12.67
Other Revenue	-	-	1,347	1,139	23.84
Total Revenue	5,900	5,089	2,818	3,103	327.75
Revenue Growth (YoY)	15.94%	80.58%	-9.18%	846.73%	5.47%
Policy Benefits	3,600	2,754	391.79	390.88	102.39
Policy Acquisition & Underwriting Costs	1,863	1,473	1,165	930.14	133.98
Selling, General & Administrative	-	-	767.32	867.53	59.81
Provision for Bad Debts	0.04	0.05	0.21	-0.75	0.17
Other Operating Expenses	430.41	696.16	238.67	199.36	21.54
Total Operating Expenses	5,894	4,923	2,563	2,387	317.88
Operating Income	6.47	165.69	254.76	715.76	9.87
Interest Expense	-1.67	-1.6	-0.54	-0.64	-0.29
Other Non Operating Income (Expenses)	7.23	115.21	-	-	-
Pretax Income	12.04	279.31	254.22	715.12	9.58
Income Tax Expense	-10.23	82.58	58.99	10.68	-4.49
Net Income	22.26	196.73	195.23	704.44	14.07
Net Income to Common	22.26	196.73	195.23	704.44	14.07
Net Income Growth	-88.68%	0.77%	-72.29%	4905.12%	-
Shares Outstanding (Basic)	12	11	10	10	10
Shares Outstanding (Diluted)	12	11	10	10	10
Shares Change (YoY)	8.66%	10.44%	-	-	-
EPS (Basic)	1.86	17.81	19.52	70.44	1.41
EPS (Diluted)	1.86	17.81	19.52	70.44	1.41
EPS Growth	-89.59%	-8.76%	-72.29%	4905.12%	-
Free Cash Flow	353.02	-564	-544.4	-1,592	14.35
Free Cash Flow Per Share	29.42	-51.07	-54.44	-159.25	1.44
Dividend Per Share	-	10.000	-	-	-
Operating Margin	0.11%	3.26%	9.04%	23.07%	3.01%
Profit Margin	0.38%	3.87%	6.93%	22.70%	4.29%
Free Cash Flow Margin	5.98%	-11.08%	-19.32%	-51.32%	4.38%
EBITDA	7.16	166.16	255.28	716.23	10.36
EBITDA Margin	0.12%	3.26%	9.06%	23.08%	3.16%
D&A For EBITDA	0.69	0.46	0.52	0.48	0.49
EBIT	6.47	165.69	254.76	715.76	9.87
EBIT Margin	0.11%	3.26%	9.04%	23.07%	3.01%
Effective Tax Rate	-	29.57%	23.21%	1.49%	-
Revenue as Reported	-	-	2,818	3,103	327.75

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