Nitol Insurance PLC. Income Statement

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

Millions BDT. 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	400.24	381.42	361.46	347.5	360.08
Total Interest & Dividend Income	34.39	37.18	42.92	51.33	52.5
Gain (Loss) on Sale of Investments	0.11	0.34	0.03	-0.34	0.12
Other Revenue	83.31	85.42	90.78	71.76	62.53
Total Revenue	518.05	504.36	495.19	470.25	475.23
Revenue Growth (YoY)	2.71%	1.85%	5.30%	-1.05%	-20.73%
Policy Benefits	92.48	98.55	112.99	90.91	91.72
Policy Acquisition & Underwriting Costs	89.44	79.7	85.01	77.2	35.17
Depreciation & Amortization	20.76	19.1	20.25	18.26	18.2
Selling, General & Administrative	203.7	197.43	189.19	172.41	171.61
Other Operating Expenses	-	-	-0.04	-0.26	-1.23
Total Operating Expenses	406.39	394.79	407.39	358.52	315.46
Operating Income	111.66	109.57	87.79	111.72	159.76
EBT Excluding Unusual Items	111.66	109.57	87.79	111.72	159.76
Gain (Loss) on Sale of Assets	1.31	-	-	0	0.09
Pretax Income	112.97	109.57	87.79	111.73	159.85
Income Tax Expense	31.46	30.55	28.39	26.06	42.13
Net Income	81.52	79.02	59.4	85.67	117.72
Net Income to Common	81.52	79.02	59.4	85.67	117.72
Net Income Growth	3.16%	33.04%	-30.66%	-27.23%	2.96%
Shares Outstanding (Basic)	42	42	42	42	42
Shares Outstanding (Diluted)	42	42	42	42	42
EPS (Basic)	1.93	1.87	1.41	2.03	2.79
EPS (Diluted)	1.93	1.87	1.41	2.03	2.79
EPS Growth	3.16%	33.04%	-30.66%	-27.23%	2.96%
Free Cash Flow	6.99	6.61	-292.44	-23.95	11.75
Free Cash Flow Per Share	0.17	0.16	-6.93	-0.57	0.28
Dividend Per Share	-	0.476	1.000	1.048	1.190
Dividend Growth	-	-52.38%	-4.54%	-12.00%	25.00%
Operating Margin	21.55%	21.73%	17.73%	23.76%	33.62%
Profit Margin	15.73%	15.67%	12.00%	18.22%	24.77%
Free Cash Flow Margin	1.35%	1.31%	-59.06%	-5.09%	2.47%
EBITDA	132.42	128.68	108.04	129.98	177.96
EBITDA Margin	25.56%	25.51%	21.82%	27.64%	37.45%
D&A For EBITDA	20.76	19.1	20.25	18.26	18.2
EBIT	111.66	109.57	87.79	111.72	159.76
EBIT Margin	21.55%	21.73%	17.73%	23.76%	33.62%
Effective Tax Rate	27.84%	27.88%	32.34%	23.33%	26.36%

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Insurance template. Financial Sources.