PSE:NRCP Income Statement

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

Millions PHP. 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	4,380	4,856	4,281	2,981	2,872
Total Interest & Dividend Income	-	-	-	308.98	293.45
Gain (Loss) on Sale of Investments	90.22	-39.43	27.9	-109.03	87.62
Other Revenue	570.97	559.19	430.1	0.5	-2.36
Total Revenue	5,041	5,375	4,739	3,182	3,251
Revenue Growth (YoY)	-6.22%	13.42%	48.96%	-2.12%	-8.16%
Policy Benefits	2,801	3,428	2,922	1,937	1,962
Policy Acquisition & Underwriting Costs	864.34	951.82	829.33	864.75	908.14
Depreciation & Amortization	10.45	10.91	13.59	16.46	18.49
Selling, General & Administrative	102.39	109.94	90.61	89.2	71.45
Provision for Bad Debts	0.41	-	58.47	1.79	-
Other Operating Expenses	-23.89	-16.7	-36.37	-25.33	-39.45
Total Operating Expenses	4,008	4,711	4,074	3,075	3,085
Operating Income	1,033	664.15	665.36	106.31	165.92
Interest Expense	-1.71	-0.12	-0.03	0.97	-
Currency Exchange Gain (Loss)	10.77	13.45	18.06	13.96	25.4
EBT Excluding Unusual Items	1,042	677.47	683.39	121.24	191.32
Gain (Loss) on Sale of Assets	-	-	0.42	-	-
Pretax Income	1,042	677.47	683.81	121.24	191.32
Income Tax Expense	212.9	126.13	147.66	65.54	49.62
Net Income	829.49	551.34	536.15	55.7	141.7
Net Income to Common	829.49	551.34	536.15	55.7	141.7
Net Income Growth	50.45%	2.83%	862.55%	-60.69%	18.16%
Shares Outstanding (Basic)	2,124	2,124	2,124	2,124	2,124
Shares Outstanding (Diluted)	2,124	2,124	2,124	2,124	2,124
EPS (Basic)	0.39	0.26	0.25	0.03	0.07
EPS (Diluted)	0.39	0.26	0.25	0.03	0.07
EPS Growth	50.45%	2.83%	862.56%	-60.69%	18.16%
Free Cash Flow	180.55	-495.79	194.05	-79.97	-26.33
Free Cash Flow Per Share	0.09	-0.23	0.09	-0.04	-0.01
Operating Margin	20.50%	12.36%	14.04%	3.34%	5.10%
Profit Margin	16.45%	10.26%	11.31%	1.75%	4.36%
Free Cash Flow Margin	3.58%	-9.22%	4.09%	-2.51%	-0.81%
EBITDA	1,044	674.23	678.64	122.39	184.41
EBITDA Margin	20.70%	12.54%	14.32%	3.85%	5.67%
D&A For EBITDA	10.27	10.08	13.28	16.09	18.49
EBIT	1,033	664.15	665.36	106.31	165.92
EBIT Margin	20.50%	12.36%	14.04%	3.34%	5.10%
Effective Tax Rate	20.42%	18.62%	21.59%	54.06%	25.93%

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