MSM:AFIC Income Statement

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

Millions OMR. 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	25.34	7.88	7.29	9.44	6.69
Total Interest & Dividend Income	3.21	1.6	1.19	1.35	1.49
Gain (Loss) on Sale of Investments	-	0.13	0.36	-0.21	-
Other Revenue	-	-	-	0.13	1.29
Total Revenue	28.55	9.61	8.84	10.71	9.47
Revenue Growth (YoY)	197.01%	8.71%	-17.41%	13.05%	-0.66%
Policy Benefits	24.43	4.61	7.06	3.85	2.1
Policy Acquisition & Underwriting Costs	-	2.21	-	4.46	2.58
Amortization of Goodwill & Intangibles	-	0.09	0.08	0.07	0.08
Depreciation & Amortization	-	0.12	0.19	0.19	0.17
Selling, General & Administrative	-	2.15	0.8	0.82	0.78
Provision for Bad Debts	-	-	0.02	-0	0.2
Other Operating Expenses	1.5	-3.18	-1.82	-1.61	-0.02
Total Operating Expenses	25.93	8.12	8.41	9.64	7.65
Operating Income	2.62	1.49	0.44	1.07	1.82
Interest Expense	-	-0	-0	-0.02	-0.03
Other Non Operating Income (Expenses)	-	0.09	0.11	-0.03	-0.03
EBT Excluding Unusual Items	2.62	1.58	0.54	1.01	1.77
Gain (Loss) on Sale of Assets	-	0.01	0.01	0	-0
Other Unusual Items	-	0.29	0.29	0.27	0.26
Pretax Income	2.62	1.87	0.85	1.29	2.02
Income Tax Expense	0.34	0.29	0.11	0.26	0.35
Net Income	2.28	1.59	0.74	1.03	1.68
Net Income to Common	2.28	1.59	0.74	1.03	1.68
Net Income Growth	43.71%	113.77%	-27.96%	-38.56%	0.40%
Shares Outstanding (Basic)	103	103	103	103	103
Shares Outstanding (Diluted)	103	103	103	103	103
EPS (Basic)	0.02	0.02	0.01	0.01	0.02
EPS (Diluted)	0.02	0.02	0.01	0.01	0.02
EPS Growth	43.71%	113.79%	-27.97%	-38.56%	0.40%
Free Cash Flow	-	3.06	2.72	1.26	0.25
Free Cash Flow Per Share	-	0.03	0.03	0.01	0.00
Dividend Per Share	-	0.010	-	0.006	0.012
Dividend Growth	-	-	-	-50.00%	20.00%
Operating Margin	9.18%	15.51%	4.95%	9.95%	19.24%
Profit Margin	7.98%	16.49%	8.39%	9.61%	17.69%
Free Cash Flow Margin	-	31.80%	30.80%	11.73%	2.69%
EBITDA	2.77	1.64	0.59	1.21	1.95
EBITDA Margin	9.70%	17.02%	6.62%	11.31%	20.60%
D&A For EBITDA	0.15	0.15	0.15	0.15	0.13
EBIT	2.62	1.49	0.44	1.07	1.82
EBIT Margin	9.18%	15.51%	4.95%	9.95%	19.24%
Effective Tax Rate	13.05%	15.39%	12.51%	19.89%	17.11%

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