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

MSM: 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	357.57	343.47	236.1	117.38	113.8	105.99
Total Interest & Dividend Income	21.56	29.77	15.26	15.88	81.34	119.76
Gain (Loss) on Sale of Investments	26.94	33.32	51.11	1.57	0.42	0.65
Other Revenue	58.36	28.58	26.03	8.3	11.64	46.21
Total Revenue	464.43	435.14	328.5	143.13	207.21	272.6
Revenue Growth (YoY)	11.88%	32.46%	129.52%	-30.93%	-23.99%	24.99%
Policy Benefits	357.02	328.89	229.67	92.62	80.08	79.92
Policy Acquisition & Underwriting Costs	7.47	5.73	2.2	-	-	-
Selling, General & Administrative	34.09	33.13	26.91	-	-	69.72
Other Operating Expenses	-7.26	-7.13	-1.67	34.63	36.6	11.65
Total Operating Expenses	391.32	360.62	257.11	127.24	116.67	166.81
Operating Income	73.11	74.52	71.39	15.88	90.53	105.79
Interest Expense	-35.2	-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	37.91	46.28	51.3	29.47	47.93	58.4
Gain (Loss) on Sale of Assets	2.66	0.5	-0.56	0.68	-0.07	0.08
Pretax Income	40.56	46.77	50.74	30.15	47.86	58.48
Income Tax Expense	2.87	2.99	1.4	1.29	5.46	8.36
Earnings From Continuing Ops.	37.69	43.78	49.34	28.86	42.4	50.12
Net Income to Company	37.69	43.78	49.34	28.86	42.4	50.12
Minority Interest in Earnings	1.31	-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	6.47	7.34	7.82	4.48	4.93	7.25
Net Income to Common	32.52	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	668	658	614
Shares Outstanding (Diluted)	693	668	668	668	658	614
Shares Change (YoY)	3.75%	-	-	1.61%	7.15%	-
EPS (Basic)	0.05	0.05	0.06	0.03	0.04	0.04
EPS (Diluted)	0.05	0.05	0.06	0.03	0.04	0.04
EPS Growth	25.67%	-21.94%	86.49%	-22.97%	7.96%	-6.53%
Free Cash Flow	-47.12	-124.28	-87.4	-92.11	-43.35	-114.45
Free Cash Flow Per Share	-0.07	-0.19	-0.13	-0.14	-0.07	-0.19
Dividend Per Share	0.020	0.020	0.015	0.030	0.025	0.025
Dividend Growth	33.33%	33.33%	-50.00%	20.00%	0%	31.58%
Operating Margin	15.74%	17.13%	21.73%	11.10%	43.69%	38.81%
Profit Margin	7.00%	7.53%	12.78%	15.73%	13.88%	9.12%
Free Cash Flow Margin	-10.15%	-28.56%	-26.61%	-64.35%	-20.92%	-41.99%
EBITDA	76.76	78.39	74.36	18.17	94.98	112.01
EBITDA Margin	16.53%	18.01%	22.64%	12.69%	45.84%	41.09%
D&A For EBITDA	3.64	3.86	2.97	2.28	4.44	6.22
EBIT	73.11	74.52	71.39	15.88	90.53	105.79
EBIT Margin	15.74%	17.13%	21.73%	11.10%	43.69%	38.81%
Effective Tax Rate	7.08%	6.39%	2.76%	4.27%	11.41%	14.29%
Revenue as Reported	474.34	442.76	329.59	-	-	-

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