MSM:TAOI 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
Other Investments	36.3	22.47	21	16.23	14.52
Total Investments	38.02	24.27	21	16.23	14.52
Cash & Equivalents	5.14	3.11	2.4	3.59	0.68
Reinsurance Recoverable	20.32	14.42	21.24	26.76	24.71
Other Receivables	3.31	5.53	14.21	14.23	20.32
Deferred Policy Acquisition Cost	-	-	0.64	0.46	0.48
Property, Plant & Equipment	0.46	0.52	1.94	2.2	1.79
Other Intangible Assets	0.4	0.49	0.46	0.37	0.37
Other Current Assets	-	-	0.52	0.42	0.51
Long-Term Deferred Tax Assets	1.3	1.25	1.17	1.31	1.05
Other Long-Term Assets	-	-	2	3.95	2.02
Total Assets	68.96	49.59	65.57	69.51	66.44
Accounts Payable	2.22	2.08	3.6	6.39	3.21
Accrued Expenses	-	-	0.11	0.05	0.11
Insurance & Annuity Liabilities	-3.7	-2.72	-6.59	-8.7	-23.73
Unpaid Claims	-	-	19.6	25.49	23.6
Unearned Premiums	-	-	10.89	7.72	7.07
Reinsurance Payable	51.23	33.71	13.56	8.35	5.04
Short-Term Debt	0.72	2.71	1.47	5.64	3.58
Current Income Taxes Payable	-	-	-	-	0.33
Long-Term Leases	0.08	0.15	0.88	1.08	0.95
Other Current Liabilities	-	-	5.61	5.21	16.92
Total Liabilities	50.72	36.06	49.13	51.23	37.14
Common Stock	16	16	16	16	10
Retained Earnings	-10.16	-8.92	-5.56	-3.74	13.22
Comprehensive Income & Other	12.39	6.46	6	6.02	6.07
Shareholders' Equity	18.23	13.53	16.44	18.28	29.3
Total Liabilities & Equity	68.96	49.59	65.57	69.51	66.44
Filing Date Shares Outstanding	250	250	250	250	100
Total Common Shares Outstanding	250	250	250	250	100
Total Debt	0.8	2.86	2.35	6.72	4.53
Net Cash (Debt)	4.33	0.25	0.05	-3.13	-3.85
Net Cash Growth	1625.31%	435.00%	-	-	-
Net Cash Per Share	0.02	0.00	0.00	-0.02	-0.04
Book Value Per Share	0.07	0.05	0.07	0.07	0.29
Tangible Book Value	17.83	13.05	15.98	17.91	28.92
Tangible Book Value Per Share	0.07	0.05	0.06	0.07	0.29
Machinery	-	-	0.58	0.53	0.68
Construction In Progress	-	-	-	-	0.02
Leasehold Improvements	-	-	0.46	0.45	0.21

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