TADAWUL:8012 Income Statement

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

Millions SAR. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Premiums & Annuity Revenue	284.6	268.97	232.46	220.58	163.18	59.81
Total Interest & Dividend Income	-86.28	-165.82	-318.15	197.64	0.16	0.22
Gain (Loss) on Sale of Investments	99.6	179.67	326.82	-192.13	2.97	2.62
Other Revenue	21.82	22.92	26.62	23.58	33.02	32.46
Total Revenue	319.74	305.74	267.75	249.67	199.33	95.1
Revenue Growth (YoY)	9.08%	14.19%	7.24%	25.25%	109.60%	66.17%
Policy Benefits	337.35	191.5	159.82	200.55	94.96	3.94
Policy Acquisition & Underwriting Costs	42.94	36.51	31.58	-	14.32	10.05
Selling, General & Administrative	-	-	-	-	67.65	45.08
Provision for Bad Debts	-	-	-	-	6.18	-0.04
Other Operating Expenses	-104.1	34.38	8.44	8.66	-5.73	-3.92
Total Operating Expenses	276.2	262.4	199.84	209.22	177.37	55.11
Operating Income	43.55	43.34	67.91	40.45	21.96	39.99
Pretax Income	43.55	43.34	67.91	40.45	21.96	39.99
Income Tax Expense	4.64	6.14	23.65	1.93	0.54	1.23
Net Income	38.91	37.2	44.25	38.52	21.42	38.76
Net Income to Common	38.91	37.2	44.25	38.52	21.42	38.76
Net Income Growth	8.14%	-15.93%	14.89%	79.83%	-44.74%	5.60%
Shares Outstanding (Basic)	66	66	66	66	63	49
Shares Outstanding (Diluted)	66	66	66	66	63	49
Shares Change (YoY)	-	-	-	4.46%	28.73%	-0.00%
EPS (Basic)	0.59	0.56	0.67	0.58	0.34	0.79
EPS (Diluted)	0.59	0.56	0.67	0.58	0.34	0.79
EPS Growth	8.14%	-15.93%	14.89%	72.15%	-57.07%	5.60%
Free Cash Flow	53.11	67.55	-10.72	144.53	-104.28	111.67
Free Cash Flow Per Share	0.81	1.02	-0.16	2.19	-1.65	2.27
Dividend Per Share	0.300	0.300	0.300	-	-	-
Operating Margin	13.62%	14.18%	25.36%	16.20%	11.02%	42.05%
Profit Margin	12.17%	12.17%	16.53%	15.43%	10.75%	40.76%
Free Cash Flow Margin	16.61%	22.09%	-4.00%	57.89%	-52.32%	117.42%
EBITDA	46.74	45.58	69.83	45.17	26.81	40.27
EBITDA Margin	14.62%	14.91%	26.08%	18.09%	13.45%	42.34%
D&A For EBITDA	3.19	2.23	1.92	4.72	4.85	0.28
EBIT	43.55	43.34	67.91	40.45	21.96	39.99
EBIT Margin	13.62%	14.18%	25.36%	16.20%	11.02%	42.05%
Effective Tax Rate	10.65%	14.17%	34.83%	4.77%	2.46%	3.06%

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