QSE:BEMA Income Statement

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

Millions QAR. 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	605.15	471.81	290	267.31	254.24
Total Interest & Dividend Income	48.68	36.82	30.97	25.78	23
Gain (Loss) on Sale of Investments	0.47	0.53	0.65	-1.56	1.44
Other Revenue	11.8	11.12	9.32	12.98	2.71
Total Revenue	666.1	520.28	330.95	304.5	281.4
Revenue Growth (YoY)	28.03%	57.21%	8.69%	8.21%	-16.57%
Policy Benefits	566.69	426.12	105.45	97.84	94.17
Policy Acquisition & Underwriting Costs	36.1	28.84	58.25	55.69	43.89
Depreciation & Amortization	9.35	9.13	7.26	6.46	5.88
Selling, General & Administrative	44.76	14.61	11.74	11.52	10.6
Other Operating Expenses	-140.5	-99.38	17.98	4.11	2.77
Total Operating Expenses	558.41	416.09	233.17	201.48	178.57
Operating Income	107.69	104.19	97.78	103.02	102.83
Interest Expense	-0.37	-0.23	-0.54	-0.73	-0.18
EBT Excluding Unusual Items	107.32	103.96	97.23	102.29	102.65
Asset Writedown	-	-	-	-	-0.95
Pretax Income	107.32	103.96	97.23	102.29	101.69
Income Tax Expense	-	-	-	1.06	1.39
Net Income	107.32	103.96	97.23	101.23	100.3
Net Income to Common	107.32	103.96	97.23	101.23	100.3
Net Income Growth	3.23%	6.92%	-3.95%	0.93%	11.33%
Shares Outstanding (Basic)	200	200	200	200	200
Shares Outstanding (Diluted)	200	200	200	200	200
Shares Change (YoY)	-	-	-	-	900.00%
EPS (Basic)	0.54	0.52	0.49	0.51	0.50
EPS (Diluted)	0.54	0.52	0.49	0.51	0.50
EPS Growth	3.23%	6.92%	-3.95%	0.93%	-88.87%
Free Cash Flow	238.57	150.94	-135.96	298.56	111.36
Free Cash Flow Per Share	1.19	0.76	-0.68	1.49	0.56
Dividend Per Share	0.250	0.200	0.180	0.160	-
Dividend Growth	25.00%	11.11%	12.50%	-	-
Operating Margin	16.17%	20.03%	29.54%	33.83%	36.54%
Profit Margin	16.11%	19.98%	29.38%	33.24%	35.64%
Free Cash Flow Margin	35.82%	29.01%	-41.08%	98.05%	39.57%
EBITDA	117.05	113.32	105.03	109.48	108.71
EBITDA Margin	17.57%	21.78%	31.74%	35.95%	38.63%
D&A For EBITDA	9.35	9.13	7.26	6.46	5.88
EBIT	107.69	104.19	97.78	103.02	102.83
EBIT Margin	16.17%	20.03%	29.54%	33.83%	36.54%
Effective Tax Rate	-	-	-	1.04%	1.37%

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