DFM:NGI Income Statement

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

Millions AED. 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	586.82	505.56	390.99	327.62	283.86
Total Interest & Dividend Income	24	68.73	34.53	29.23	22.81
Gain (Loss) on Sale of Investments	54.93	35.6	10.81	-12.05	33.54
Other Revenue	-	-	-	-	46.01
Total Revenue	665.76	609.89	436.33	344.8	386.22
Revenue Growth (YoY)	9.16%	39.78%	26.55%	-10.72%	14.45%
Policy Benefits	356.68	330.1	266.51	185.43	190.08
Policy Acquisition & Underwriting Costs	141.77	116.62	88.87	81.03	51.46
Selling, General & Administrative	-	-	-	-	73.89
Other Operating Expenses	37.97	25.06	6.07	17.8	-
Total Operating Expenses	536.43	471.78	361.45	284.26	315.43
Operating Income	129.33	138.11	74.88	60.54	70.79
EBT Excluding Unusual Items	129.33	138.11	74.88	60.54	70.79
Pretax Income	129.33	138.11	74.88	60.54	70.79
Income Tax Expense	10.14	10.61	-	-	-
Net Income	119.19	127.5	74.88	60.54	70.79
Net Income to Common	119.19	127.5	74.88	60.54	70.79
Net Income Growth	-6.52%	70.27%	23.69%	-14.48%	53.52%
Shares Outstanding (Basic)	165	165	165	165	165
Shares Outstanding (Diluted)	165	165	165	165	165
EPS (Basic)	0.72	0.77	0.45	0.37	0.43
EPS (Diluted)	0.72	0.77	0.45	0.37	0.43
EPS Growth	-6.52%	70.27%	23.69%	-14.48%	53.52%
Free Cash Flow	161.09	19.94	156.84	36.48	81.56
Free Cash Flow Per Share	0.98	0.12	0.95	0.22	0.49
Dividend Per Share	0.450	0.450	0.227	0.227	0.273
Dividend Growth	-	97.98%	-	-16.65%	99.93%
Operating Margin	19.43%	22.65%	17.16%	17.56%	18.33%
Profit Margin	17.90%	20.91%	17.16%	17.56%	18.33%
Free Cash Flow Margin	24.20%	3.27%	35.95%	10.58%	21.12%
EBITDA	131.45	139.89	76.66	62.18	72.27
EBITDA Margin	19.74%	22.94%	17.57%	18.04%	18.71%
D&A For EBITDA	2.12	1.78	1.78	1.65	1.48
EBIT	129.33	138.11	74.88	60.54	70.79
EBIT Margin	19.43%	22.65%	17.16%	17.56%	18.33%
Effective Tax Rate	7.84%	7.69%	-	-	-

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