The Navakij 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	3,543	3,848	2,952	2,625	2,523
Total Interest & Dividend Income	83.84	88.64	99.77	80.72	68.5
Gain (Loss) on Sale of Investments	-43.56	-20.39	-23.5	-1.15	18.39
Other Revenue	1.27	-2.42	225.63	231.67	238.82
Total Revenue	3,585	3,914	3,254	2,936	2,849
Revenue Growth (YoY)	-8.41%	20.30%	10.81%	3.07%	7.58%
Policy Benefits	3,203	2,841	1,887	1,711	1,602
Policy Acquisition & Underwriting Costs	985.83	1,022	825.4	777.28	796.45
Selling, General & Administrative	99.93	107.43	381.37	350.73	351.72
Other Operating Expenses	28.58	19.5	32.24	42.95	-39.93
Total Operating Expenses	4,317	3,990	3,126	2,882	2,710
Operating Income	-732.28	-76.07	127.96	54.01	138.4
Interest Expense	-1.21	-1.44	-1.6	-1.91	-2.31
Other Non Operating Income (Expenses)	2.97	5	0	0.12	-0.06
EBT Excluding Unusual Items	-730.52	-72.52	126.36	52.22	136.03
Legal Settlements	-	-	-	-6.05	-3.46
Pretax Income	-730.52	-72.52	126.36	46.17	132.57
Income Tax Expense	-147	-15.52	19.09	21.33	23.23
Net Income	-583.51	-57	107.28	24.84	109.35
Net Income to Common	-583.51	-57	107.28	24.84	109.35
Net Income Growth	-	-	331.83%	-77.28%	53.30%
Shares Outstanding (Basic)	38	38	38	38	38
Shares Outstanding (Diluted)	38	38	38	38	38
EPS (Basic)	-15.36	-1.50	2.82	0.65	2.88
EPS (Diluted)	-15.36	-1.50	2.82	0.65	2.88
EPS Growth	-	-	331.83%	-77.28%	53.30%
Free Cash Flow	188.42	51.66	-53.55	59.78	108.57
Free Cash Flow Per Share	4.96	1.36	-1.41	1.57	2.86
Dividend Per Share	-	1.770	1.460	0.947	1.382
Dividend Growth	-	21.19%	54.16%	-31.43%	-
Operating Margin	-20.43%	-1.94%	3.93%	1.84%	4.86%
Profit Margin	-16.28%	-1.46%	3.30%	0.85%	3.84%
Free Cash Flow Margin	5.26%	1.32%	-1.65%	2.04%	3.81%
EBITDA	-711.87	-56.27	143.91	66.52	152.31
EBITDA Margin	-19.86%	-1.44%	4.42%	2.27%	5.35%
D&A For EBITDA	20.4	19.81	15.94	12.51	13.9
EBIT	-732.28	-76.07	127.96	54.01	138.4
EBIT Margin	-20.43%	-1.94%	3.93%	1.84%	4.86%
Effective Tax Rate	-	-	15.10%	46.19%	17.52%
Revenue as Reported	-	-	3,254	2,936	2,849

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