Oman International Development and Investment Company SAOG (MSM: OMVS)

OMVS Income Statement

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

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Sep 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Premiums & Annuity Revenue	372.34	343.47	236.1	117.38	113.8	105.99
Total Interest & Dividend Income	29.77	29.77	15.26	15.88	81.34	119.76
Gain (Loss) on Sale of Investments	33.32	33.32	51.11	1.57	0.42	0.65
Other Revenue	28.58	28.58	26.03	8.3	11.64	46.21
Total Revenue	464.01	435.14	328.5	143.13	207.21	272.6
Revenue Growth (YoY)	7.48%	32.46%	129.52%	-30.93%	-23.99%	24.99%
Policy Benefits	363.82	328.89	229.67	92.62	80.08	79.92
Policy Acquisition & Underwriting Costs	5.73	5.73	2.2	-	-	-
Selling, General & Administrative	33.13	33.13	26.91	-	-	69.72
Other Operating Expenses	-7.13	-7.13	-1.67	34.63	36.6	11.65
Total Operating Expenses	395.55	360.62	257.11	127.24	116.67	166.81
Operating Income	68.46	74.52	71.39	15.88	90.53	105.79
Interest Expense	-28.24	-28.24	-20.07	-15.52	-36.53	-53.65
Earnings From Equity Investments	-	-	-	29.14	-	-
Currency Exchange Gain (Loss)	-0.01	-0.01	-0.02	-0.03	3.16	6.26
Other Non Operating Income (Expenses)	-	-	-	-	-9.24	-
EBT Excluding Unusual Items	40.22	46.28	51.3	29.47	47.93	58.4
Gain (Loss) on Sale of Assets	0.5	0.5	-0.56	0.68	-0.07	0.08
Pretax Income	40.71	46.77	50.74	30.15	47.86	58.48
Income Tax Expense	2.99	2.99	1.4	1.29	5.46	8.36
Earnings From Continuing Ops.	37.72	43.78	49.34	28.86	42.4	50.12
Net Income to Company	37.72	43.78	49.34	28.86	42.4	50.12
Minority Interest in Earnings	1.27	-3.66	0.47	-1.86	-8.7	-18
Net Income	39	40.12	49.81	27	33.7	32.12
Preferred Dividends & Other Adjustments	7.34	7.34	7.82	4.48	4.93	7.25
Net Income to Common	31.65	32.78	41.99	22.52	28.77	24.87
Net Income Growth	19.13%	-19.45%	84.49%	-19.88%	4.92%	5.24%
Shares Outstanding (Basic)	-	668	668	668	658	614
Shares Outstanding (Diluted)	-	668	668	668	658	614
Shares Change (YoY)	-	-	-	1.61%	7.15%	-
EPS (Basic)	-	0.05	0.06	0.03	0.04	0.04
EPS (Diluted)	-	0.05	0.06	0.03	0.04	0.04
EPS Growth	-	-21.94%	86.49%	-22.97%	7.96%	-6.53%
Free Cash Flow	-	-124.28	-87.4	-92.11	-43.35	-114.45
Free Cash Flow Per Share	-	-0.19	-0.13	-0.14	-0.07	-0.19
Dividend Per Share	-	0.020	0.015	0.030	0.025	0.025
Dividend Growth	-	33.33%	-50.00%	20.00%	0%	31.58%
Operating Margin	14.75%	17.13%	21.73%	11.10%	43.69%	38.81%
Profit Margin	6.82%	7.53%	12.78%	15.73%	13.88%	9.12%
Free Cash Flow Margin	-	-28.56%	-26.61%	-64.35%	-20.92%	-41.99%
EBITDA	72.14	78.39	74.36	18.17	94.98	112.01
EBITDA Margin	15.55%	18.01%	22.64%	12.69%	45.84%	41.09%
D&A For EBITDA	3.68	3.86	2.97	2.28	4.44	6.22
EBIT	68.46	74.52	71.39	15.88	90.53	105.79
EBIT Margin	14.75%	17.13%	21.73%	11.10%	43.69%	38.81%
Effective Tax Rate	7.34%	6.39%	2.76%	4.27%	11.41%	14.29%
Revenue as Reported	442.76	442.76	329.59	-	-	-

Source: S&P Capital IQ. Insurance template. Financial Sources.