ANSA Merchant Bank Income Statement

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

Millions TTD. 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	1,256	1,152	1,046	716.03	427.46
Total Interest & Dividend Income	356.29	337.44	326.42	282.35	380.27
Gain (Loss) on Sale of Investments	97.69	61.7	83.67	-188.49	188.24
Other Revenue	97.28	92.47	93.54	117.62	118.06
Total Revenue	1,807	1,643	1,549	927.51	1,114
Revenue Growth (YoY)	9.99%	6.06%	67.06%	-16.74%	29.53%
Policy Benefits	1,148	1,060	995.35	719.49	361.02
Depreciation & Amortization	79.71	60.23	54.01	37.71	43.37
Selling, General & Administrative	138.02	144.55	121.9	79.81	162.53
Total Operating Expenses	1,543	1,414	1,286	903.47	722.97
Operating Income	264.74	229.62	263.35	24.04	391.06
Interest Expense	-121.47	-118.72	-108.62	-74.61	-76.7
Currency Exchange Gain (Loss)	155.25	72.79	46.2	34.73	49.21
Other Non Operating Income (Expenses)	-0.27	1.24	-0.25	-0.38	-3.39
Pretax Income	298.26	184.93	200.67	-16.21	360.18
Income Tax Expense	56.07	22.68	71.37	29.13	53.86
Earnings From Continuing Ops.	242.19	162.25	129.29	-45.34	306.32
Minority Interest in Earnings	-0.03	0.02	0.02	0.07	-0.1
Net Income	242.16	162.27	129.31	-45.27	306.22
Net Income to Common	242.16	162.27	129.31	-45.27	306.22
Net Income Growth	49.23%	25.49%	-	-	89.01%
Shares Outstanding (Basic)	86	86	86	86	86
Shares Outstanding (Diluted)	86	86	86	86	86
EPS (Basic)	2.83	1.90	1.51	-0.53	3.58
EPS (Diluted)	2.83	1.90	1.51	-0.53	3.58
EPS Growth	49.23%	25.49%	-	-	89.01%
Free Cash Flow	43.43	177.5	-221.06	-45.19	672.36
Free Cash Flow Per Share	0.51	2.07	-2.58	-0.53	7.85
Dividend Per Share	1.200	1.200	1.200	1.200	1.200
Dividend Growth	-	-	-	-	60.00%
Operating Margin	14.65%	13.97%	17.00%	2.59%	35.10%
Profit Margin	13.40%	9.87%	8.34%	-4.88%	27.49%
Free Cash Flow Margin	2.40%	10.80%	-14.27%	-4.87%	60.35%
EBITDA	314.66	265.79	305.15	51.44	421.11
EBITDA Margin	17.41%	16.17%	19.69%	5.55%	37.80%
D&A For EBITDA	49.93	36.17	41.8	27.4	30.04
EBIT	264.74	229.62	263.35	24.04	391.06
EBIT Margin	14.65%	13.97%	17.00%	2.59%	35.10%
Effective Tax Rate	18.80%	12.26%	35.57%	-	14.95%
Revenue as Reported	-	-	-	-	1,156

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