NGX:REGALINS Income Statement

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

Millions NGN. 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	9,599	7,302	6,083	5,023	2,941
Total Interest & Dividend Income	1,304	1,259	881.81	741.56	445.71
Gain (Loss) on Sale of Investments	735.83	415.93	409.39	70.82	-450.43
Other Revenue	15.78	22.18	19.67	20.41	118.7
Total Revenue	11,655	8,999	7,394	5,856	3,055
Revenue Growth (YoY)	29.51%	21.70%	26.27%	91.69%	-40.18%
Policy Benefits	9,779	4,151	3,530	3,864	1,031
Policy Acquisition & Underwriting Costs	-	785.88	830.91	425.95	695.09
Selling, General & Administrative	-	108.99	150.48	141.19	145.18
Provision for Bad Debts	-	1.72	0.19	1.16	1.3
Other Operating Expenses	838.42	1,229	868.5	446.76	461.33
Total Operating Expenses	10,998	6,646	5,751	5,250	2,708
Operating Income	656.53	2,353	1,643	606.23	347.02
Interest Expense	-	-6.8	-8.12	-9.14	-8.4
Other Non Operating Income (Expenses)	-	-11.57	-1.92	12.47	-
EBT Excluding Unusual Items	656.53	2,334	1,633	609.56	338.62
Gain (Loss) on Sale of Assets	-	18.58	0.43	1.79	1.89
Asset Writedown	38.42	170	478.5	11.5	5
Other Unusual Items	-	-6.88	-3.42	-4.87	-
Pretax Income	694.96	2,516	2,108	617.98	345.5
Income Tax Expense	76.43	249.48	164.54	23.24	22.9
Earnings From Continuing Ops.	618.53	2,267	1,944	594.74	322.61
Minority Interest in Earnings	-	-0.6	-0.62	-0.14	-0.18
Net Income	618.53	2,266	1,943	594.59	322.43
Net Income to Common	618.53	2,266	1,943	594.59	322.43
Net Income Growth	-72.70%	16.61%	226.80%	84.41%	-48.19%
Shares Outstanding (Basic)	12,010	16,005	16,005	16,005	16,005
Shares Outstanding (Diluted)	12,010	16,005	16,005	16,005	16,005
Shares Change (YoY)	-24.96%	-	-	-	-
EPS (Basic)	0.05	0.14	0.12	0.04	0.02
EPS (Diluted)	0.05	0.14	0.12	0.04	0.02
EPS Growth	-63.63%	16.61%	226.80%	84.41%	-48.19%
Free Cash Flow	-3,362	-1,995	-327.58	731.37	148.11
Free Cash Flow Per Share	-0.28	-0.13	-0.02	0.05	0.01
Operating Margin	5.63%	26.14%	22.22%	10.35%	11.36%
Profit Margin	5.31%	25.18%	26.28%	10.15%	10.55%
Free Cash Flow Margin	-28.84%	-22.17%	-4.43%	12.49%	4.85%
EBITDA	760.12	2,456	1,684	626.99	404.81
EBITDA Margin	6.52%	27.30%	22.78%	10.71%	13.25%
D&A For EBITDA	103.59	103.59	41.26	20.76	57.8
EBIT	656.53	2,353	1,643	606.23	347.02
EBIT Margin	5.63%	26.14%	22.22%	10.35%	11.36%
Effective Tax Rate	11.00%	9.92%	7.80%	3.76%	6.63%

Source: S&P Global Market Intelligence. Insurance template. Financial Sources.