Al-Mashreq Insurance Public Shareholding Company (PEX:MIC)

PEX:MIC Income Statement

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Premiums & Annuity Revenue	38.81	39.03	41.21	43.32	34.64	27.97
Total Interest & Dividend Income	0.09	0.23	0.19	0.41	0.37	0.27
Gain (Loss) on Sale of Investments	0.23	-0.27	-0.37	1.17	0.47	-0.16
Other Revenue	0.3	0.4	1.64	1.82	0.29	0.26
Total Revenue	39.42	39.39	42.67	46.73	35.77	28.34
Revenue Growth (YoY)	-2.77%	-7.69%	-8.68%	30.65%	26.21%	1.66%
Policy Benefits	33.86	34.52	36.91	40.04	24.38	18.85
Policy Acquisition & Underwriting Costs	-	-	-	-	1.45	1.2
Depreciation & Amortization	-	-	-	-	0.06	0.06
Selling, General & Administrative	2.88	2.88	3.07	3.54	9.22	7.12
Provision for Bad Debts	-	-	-	0.04	0.17	0.43
Total Operating Expenses	36.74	37.4	39.98	43.62	35.27	27.66
Operating Income	2.68	2	2.7	3.11	0.5	0.67
Interest Expense	-0.35	-0.46	-0.19	-0.06	-0.05	-0.04
Currency Exchange Gain (Loss)	-1.08	0.3	0.57	0.57	-0.29	-0.15
Other Non Operating Income (Expenses)	-	-	-	-	0.87	0.19
EBT Excluding Unusual Items	1.24	1.83	3.07	3.62	1.02	0.68
Gain (Loss) on Sale of Assets	0.03	0.03	0.1	0.01	-0.01	0
Asset Writedown	-	-	-	-	0.33	1.11
Pretax Income	1.28	1.87	3.17	3.63	1.34	1.79
Income Tax Expense	0.66	0.81	1.66	0.58	0.27	0.54
Earnings From Continuing Ops.	0.62	1.05	1.51	3.05	1.07	1.25
Minority Interest in Earnings	0.05	0.18	-0.3	-0.52	-0.19	-0.22
Net Income	0.66	1.23	1.21	2.54	0.88	1.03
Net Income to Common	0.66	1.23	1.21	2.54	0.88	1.03
Net Income Growth	-50.23%	1.53%	-52.24%	189.61%	-15.05%	-15.35%
Shares Outstanding (Basic)	11	11	11	11	10	10
Shares Outstanding (Diluted)	11	11	11	11	10	10
Shares Change (YoY)	-	-	-	-	-	-0.00%
EPS (Basic)	0.06	0.12	0.12	0.24	0.08	0.10
EPS (Diluted)	0.06	0.12	0.12	0.24	0.08	0.10
EPS Growth	-	1.53%	-52.24%	189.61%	-15.05%	-15.35%
Free Cash Flow	0.29	-0.25	2.31	-1.58	-0.12	2.59
Free Cash Flow Per Share	0.03	-0.02	0.22	-0.15	-0.01	0.25
Dividend Per Share	-	0.021	0.019	0.017	0.013	-
Dividend Growth	-	12.63%	13.77%	27.48%	-	-
Operating Margin	6.80%	5.07%	6.32%	6.66%	1.39%	2.38%
Profit Margin	1.68%	3.12%	2.84%	5.43%	2.45%	3.64%
Free Cash Flow Margin	0.73%	-0.62%	5.42%	-3.38%	-0.35%	9.13%
EBITDA	3.05	2.36	3.03	3.44	0.8	0.93
EBITDA Margin	7.73%	6.00%	7.11%	7.36%	2.23%	3.27%
D&A For EBITDA	0.37	0.37	0.34	0.33	0.3	0.25
EBIT	2.68	2	2.7	3.11	0.5	0.67
EBIT Margin	6.80%	5.07%	6.32%	6.66%	1.39%	2.38%
Effective Tax Rate	51.78%	43.62%	52.45%	15.85%	20.43%	29.99%

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