MSM:OQIC Balance Sheet

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
Investments in Debt Securities	20.57	14.12	11.33	6.94	3.99
Other Investments	22.94	29.11	26.79	11.71	14.79
Total Investments	63.27	62.68	57.71	30.7	29.86
Cash & Equivalents	7.91	4.93	4.02	3.81	2.51
Reinsurance Recoverable	34.91	37.47	45.32	25.08	35.31
Other Receivables	1.61	1.77	0.7	0.41	7.01
Property, Plant & Equipment	0.39	0.72	0.73	0.26	0.24
Other Intangible Assets	1.45	1.57	1.69	-	-
Other Current Assets	0.51	0.44	0.35	0.37	0.36
Other Long-Term Assets	0.59	0.33	0.43	0.26	0.22
Total Assets	110.64	109.93	110.94	60.9	75.51
Accounts Payable	1.08	0.55	6.56	3.52	2.4
Accrued Expenses	2.04	1.96	0.76	0.39	0.4
Insurance & Annuity Liabilities	62.42	62.34	60.87	32.37	-
Unpaid Claims	-	-	-	-	28.24
Unearned Premiums	-	-	-	-	13.4
Reinsurance Payable	0.73	2.94	1.1	0.43	7.28
Current Portion of Leases	0.02	0.1	0.12	-	0.06
Current Income Taxes Payable	0.94	0.74	0.83	0.47	0.26
Long-Term Leases	-	0	-	0.16	-
Other Long-Term Liabilities	2.55	3.67	3.68	2.51	2.63
Total Liabilities	69.93	72.41	74.03	39.94	54.73
Common Stock	22	22	22	10	10
Retained Earnings	18.3	15.74	15.09	11.22	10.79
Comprehensive Income & Other	0.41	-0.23	-0.18	-0.26	-0.02
Shareholders' Equity	40.71	37.51	36.91	20.96	20.77
Total Liabilities & Equity	110.64	109.93	110.94	60.9	75.51
Filing Date Shares Outstanding	161.22	161.22	161.22	100	100
Total Common Shares Outstanding	161.22	161.22	161.22	100	100
Total Debt	0.02	0.1	0.12	0.16	0.06
Net Cash (Debt)	7.89	4.83	3.9	3.66	2.45
Net Cash Growth	63.41%	23.93%	6.57%	49.40%	-27.96%
Net Cash Per Share	0.05	0.03	0.02	0.04	0.02
Book Value Per Share	0.25	0.23	0.23	0.21	0.21
Tangible Book Value	39.25	35.94	35.22	20.96	20.77
Tangible Book Value Per Share	0.24	0.22	0.22	0.21	0.21
Buildings	-	0.25	0.25	-	-
Machinery	2.73	2.66	2.22	0.79	0.77
Construction In Progress	0.03	-	0.27	-	-

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