TADAWUL:8120 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	917.07	748	579.49	484.43	559.52	443.55
Total Interest & Dividend Income	35.88	33.14	30.03	25.57	17.76	12.27
Gain (Loss) on Sale of Investments	3.7	-1.06	12.13	-9.99	-	-
Other Revenue	6.86	8.29	35.73	14.96	31.8	34.94
Total Revenue	963.51	788.37	657.38	514.97	609.08	490.77
Revenue Growth (YoY)	28.74%	19.93%	27.65%	-15.45%	24.11%	28.42%
Policy Benefits	860.72	564.68	370.47	388.22	571.08	374.16
Policy Acquisition & Underwriting Costs	152.48	152.48	130.99	107.84	58.47	43.69
Selling, General & Administrative	3.06	3.06	2.74	1.92	113.59	98.45
Provision for Bad Debts	-	-	-	-	2.63	8.95
Other Operating Expenses	16.01	16.17	25.61	33.02	1.87	1
Total Operating Expenses	1,032	736.38	529.81	531	747.64	526.26
Operating Income	-68.75	51.98	127.57	-16.03	-138.56	-35.49
Interest Expense	-0.43	-0.43	-0.53	-0.27	-0.62	-0.68
EBT Excluding Unusual Items	-69.18	51.55	127.04	-16.3	-139.19	-36.16
Merger & Restructuring Charges	-	-	-	-	-	-3.2
Pretax Income	-69.18	51.55	127.04	-16.3	-139.19	-39.36
Income Tax Expense	10.1	7.91	2	2	2	6.21
Net Income	-79.28	43.65	125.04	-18.3	-141.19	-45.58
Net Income to Common	-79.28	43.65	125.04	-18.3	-141.19	-45.58
Net Income Growth	-	-65.09%	-	-	-	-
Shares Outstanding (Basic)	46	46	46	39	23	16
Shares Outstanding (Diluted)	46	46	46	39	23	16
Shares Change (YoY)	-	-	19.09%	67.94%	47.42%	3.77%
EPS (Basic)	-1.73	0.95	2.72	-0.47	-6.15	-2.93
EPS (Diluted)	-1.73	0.95	2.72	-0.47	-6.15	-2.93
EPS Growth	-	-65.07%	-	-	-	-
Free Cash Flow	-34.3	62.85	135.47	-72.46	-159.33	15.22
Free Cash Flow Per Share	-0.75	1.37	2.95	-1.88	-6.94	0.98
Operating Margin	-7.13%	6.59%	19.41%	-3.11%	-22.75%	-7.23%
Profit Margin	-8.23%	5.54%	19.02%	-3.55%	-23.18%	-9.29%
Free Cash Flow Margin	-3.56%	7.97%	20.61%	-14.07%	-26.16%	3.10%
EBITDA	-60.33	59.87	135.24	-8.69	-130.08	-34.1
EBITDA Margin	-6.26%	7.59%	20.57%	-1.69%	-21.36%	-6.95%
D&A For EBITDA	8.42	7.88	7.67	7.34	8.49	1.39
EBIT	-68.75	51.98	127.57	-16.03	-138.56	-35.49
EBIT Margin	-7.13%	6.59%	19.41%	-3.11%	-22.75%	-7.23%
Effective Tax Rate	-	15.34%	1.57%	-	-	-

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Insurance template. Financial Sources.