BVMT:TRE Income Statement

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

Millions TND. 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	181.43	178.76	154.2	126.93	96.38
Total Interest & Dividend Income	34.52	34.09	31.46	26.69	23.99
Gain (Loss) on Sale of Investments	3.87	0.3	-1.62	-0.87	0.96
Other Revenue	28.62	12.52	27.11	22.2	12.74
Total Revenue	248.44	225.67	211.15	174.96	134.07
Revenue Growth (YoY)	10.09%	6.87%	20.69%	30.50%	22.99%
Policy Benefits	80.34	104.74	84.57	68.17	57.4
Policy Acquisition & Underwriting Costs	58.26	58.09	51.43	44.16	38.26
Selling, General & Administrative	21.53	20.3	19.05	16.47	14.07
Other Operating Expenses	42.25	12.25	30.94	20.65	24.33
Reinsurance Income or Expense	5.43	5.1	4.39	4.68	10.56
Total Operating Expenses	196.95	190.28	181.6	144.77	123.51
Operating Income	51.49	35.39	29.56	30.19	10.57
Currency Exchange Gain (Loss)	-	-	-	-	8.19
Other Non Operating Income (Expenses)	-	-	-	0	0
EBT Excluding Unusual Items	51.49	35.39	29.56	30.19	18.75
Gain (Loss) on Sale of Investments	-2.65	-	-	-	-
Other Unusual Items	-3.64	-2.33	-2.04	-1.06	-0.16
Pretax Income	45.2	33.06	27.52	29.13	18.59
Income Tax Expense	18.22	11.65	8.94	9.28	1.86
Net Income	26.98	21.41	18.58	19.86	16.72
Net Income to Common	26.98	21.41	18.58	19.86	16.72
Net Income Growth	26.04%	15.22%	-6.45%	18.74%	36.70%
Shares Outstanding (Basic)	-	20	20	20	20
Shares Outstanding (Diluted)	-	20	20	20	20
EPS (Basic)	-	1.07	0.93	1.00	0.84
EPS (Diluted)	-	1.07	0.93	1.00	0.84
EPS Growth	-	15.22%	-6.45%	18.74%	36.70%
Free Cash Flow	8.87	3.95	11.28	4.03	5.98
Free Cash Flow Per Share	-	0.20	0.56	0.20	0.30
Dividend Per Share	-	-	0.450	0.400	-
Dividend Growth	-	-	12.50%	-	-
Operating Margin	20.72%	15.68%	14.00%	17.26%	7.88%
Profit Margin	10.86%	9.49%	8.80%	11.35%	12.47%
Free Cash Flow Margin	3.57%	1.75%	5.34%	2.31%	4.46%
EBITDA	51.96	35.86	33.05	30.79	11.12
EBITDA Margin	20.92%	15.89%	15.65%	17.60%	8.29%
D&A For EBITDA	0.47	0.47	3.49	0.6	0.55
EBIT	51.49	35.39	29.56	30.19	10.57
EBIT Margin	20.72%	15.68%	14.00%	17.26%	7.88%
Effective Tax Rate	40.31%	35.25%	32.48%	31.84%	10.03%

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