ADRIATIC osiguranje d.d. Income Statement

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

Millions EUR. 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	254.04	234.68	203.93	173.62	141.2
Total Interest & Dividend Income	5.06	3.46	1.86	9.5	2.85
Gain (Loss) on Sale of Investments	3.9	0.16	-0.01	-	0.02
Other Revenue	10.6	-	-	8.04	6.18
Total Revenue	273.6	238.31	205.78	191.15	150.23
Revenue Growth (YoY)	14.81%	15.80%	7.66%	27.24%	30.97%
Policy Benefits	177.7	150.03	126.23	110.11	74.14
Policy Acquisition & Underwriting Costs	20.43	18.9	16.43	13.49	36.41
Depreciation & Amortization	0.12	0.12	0.11	-	-
Selling, General & Administrative	-	-	-	-	23.21
Other Operating Expenses	78.65	73.46	66.84	61.91	6.21
Total Operating Expenses	276.91	242.52	209.61	185.5	139.97
Operating Income	-3.3	-4.21	-3.83	5.65	10.26
Currency Exchange Gain (Loss)	-0.13	-0	-0.09	0.1	-0.21
Other Non Operating Income (Expenses)	-	5.59	6.21	0.13	-
EBT Excluding Unusual Items	-3.43	1.38	2.3	5.88	10.05
Impairment of Goodwill	-	-	-	-	-0.07
Gain (Loss) on Sale of Assets	-0.08	-0	0.01	-	-
Asset Writedown	5.22	3.46	2.02	-	1.55
Pretax Income	1.71	4.83	4.33	5.88	11.53
Income Tax Expense	-0.12	0.77	0.72	0.32	1.8
Net Income	1.83	4.06	3.61	5.55	9.73
Net Income to Common	1.83	4.06	3.61	5.55	9.73
Net Income Growth	-54.90%	12.38%	-34.95%	-42.93%	7.19%
Shares Outstanding (Basic)	0	0	0	0	0
Shares Outstanding (Diluted)	0	0	0	0	0
EPS (Basic)	14.65	32.48	28.90	44.42	77.84
EPS (Diluted)	14.65	32.48	28.90	44.42	77.84
EPS Growth	-54.90%	12.38%	-34.95%	-42.93%	7.19%
Free Cash Flow	13.4	34.81	16.35	19.85	29.69
Free Cash Flow Per Share	107.18	278.49	130.79	158.78	237.55
Dividend Per Share	-	24.000	-	-	-
Operating Margin	-1.21%	-1.77%	-1.86%	2.96%	6.83%
Profit Margin	0.67%	1.70%	1.75%	2.90%	6.48%
Free Cash Flow Margin	4.90%	14.61%	7.94%	10.38%	19.77%
EBITDA	-0.93	-1.56	-1.42	5.85	12.36
EBITDA Margin	-0.34%	-0.66%	-0.69%	3.06%	8.23%
D&A For EBITDA	2.38	2.65	2.41	0.21	2.1
EBIT	-3.3	-4.21	-3.83	5.65	10.26
EBIT Margin	-1.21%	-1.77%	-1.86%	2.96%	6.83%
Effective Tax Rate	-	16.03%	16.57%	5.51%	15.64%

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