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	9.82	7.88	7.29	9.44	6.69
Total Interest & Dividend Income	1.71	1.6	1.19	1.35	1.49
Gain (Loss) on Sale of Investments	0.49	0.13	0.36	-0.21	-
Other Revenue	-	-	-	0.13	1.29
Total Revenue	12.02	9.61	8.84	10.71	9.47
Revenue Growth (YoY)	25.02%	8.71%	-17.41%	13.05%	-0.66%
Policy Benefits	3.7	4.61	7.06	3.85	2.1
Policy Acquisition & Underwriting Costs	3.34	2.21	-	4.46	2.58
Amortization of Goodwill & Intangibles	0.07	0.09	0.08	0.07	0.08
Depreciation & Amortization	0.07	0.12	0.19	0.19	0.17
Selling, General & Administrative	2.26	2.15	0.8	0.82	0.78
Provision for Bad Debts	-0.04	-	0.02	-0	0.2
Other Operating Expenses	-1.91	-3.18	-1.82	-1.61	-0.02
Total Operating Expenses	9.7	8.12	8.41	9.64	7.65
Operating Income	2.32	1.49	0.44	1.07	1.82
Interest Expense	-	-0	-0	-0.02	-0.03
Other Non Operating Income (Expenses)	0.03	0.09	0.11	-0.03	-0.03
EBT Excluding Unusual Items	2.35	1.58	0.54	1.01	1.77
Gain (Loss) on Sale of Assets	0	0.01	0.01	0	-0
Other Unusual Items	0.32	0.29	0.29	0.27	0.26
Pretax Income	2.67	1.87	0.85	1.29	2.02
Income Tax Expense	0.39	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	43.61%	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	43.61%	113.79%	-27.97%	-38.56%	0.40%
Free Cash Flow	3.46	3.06	2.72	1.26	0.25
Free Cash Flow Per Share	0.03	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	19.28%	15.51%	4.95%	9.95%	19.24%
Profit Margin	18.94%	16.49%	8.39%	9.61%	17.69%
Free Cash Flow Margin	28.83%	31.80%	30.80%	11.73%	2.69%
EBITDA	2.43	1.64	0.59	1.21	1.95
EBITDA Margin	20.21%	17.02%	6.62%	11.31%	20.60%
D&A For EBITDA	0.11	0.15	0.15	0.15	0.13
EBIT	2.32	1.49	0.44	1.07	1.82
EBIT Margin	19.28%	15.51%	4.95%	9.95%	19.24%
Effective Tax Rate	14.72%	15.39%	12.51%	19.89%	17.11%

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