ADRIATIC osiguranje d.d. Income Statement

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

Millions EUR. 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	249.77	234.68	203.93	173.62	141.2	109.03
Total Interest & Dividend Income	3.98	3.46	1.86	9.5	2.85	2.52
Gain (Loss) on Sale of Investments	3.5	3.5	1.91	-	0.02	0.03
Other Revenue	-	-	-	8.04	6.18	3.13
Total Revenue	257.25	241.64	207.71	191.15	150.23	114.71
Revenue Growth (YoY)	10.33%	16.34%	8.66%	27.24%	30.97%	16.15%
Policy Benefits	170.31	150.03	126.23	110.11	74.14	45.19
Policy Acquisition & Underwriting Costs	19.53	18.9	16.43	13.49	36.41	29.21
Depreciation & Amortization	-0	-	-	-	-	-
Selling, General & Administrative	-	-	-	-	23.21	22.27
Other Operating Expenses	71.46	73.46	66.84	61.91	6.21	5.4
Total Operating Expenses	261.29	242.4	209.5	185.5	139.97	102.07
Operating Income	-4.05	-0.75	-1.79	5.65	10.26	12.64
Currency Exchange Gain (Loss)	0.02	-0	-0.09	0.1	-0.21	0.02
Other Non Operating Income (Expenses)	4.28	5.59	6.21	0.13	-	-
EBT Excluding Unusual Items	0.25	4.83	4.33	5.88	10.05	12.66
Impairment of Goodwill	-	-	-	-	-0.07	-0.06
Asset Writedown	-	-	-	-	1.55	-1.37
Pretax Income	0.25	4.83	4.33	5.88	11.53	11.22
Income Tax Expense	0.19	0.77	0.72	0.32	1.8	2.15
Net Income	0.06	4.06	3.61	5.55	9.73	9.08
Net Income to Common	0.06	4.06	3.61	5.55	9.73	9.08
Net Income Growth	-97.08%	12.38%	-34.95%	-42.93%	7.19%	11.30%
Shares Outstanding (Basic)	0	0	0	0	0	0
Shares Outstanding (Diluted)	0	0	0	0	0	0
EPS (Basic)	0.50	32.48	28.90	44.42	77.84	72.62
EPS (Diluted)	0.50	32.48	28.90	44.42	77.84	72.62
EPS Growth	-97.08%	12.38%	-34.95%	-42.93%	7.19%	11.30%
Free Cash Flow	37.01	34.81	16.35	19.85	29.69	10.85
Free Cash Flow Per Share	296.05	278.49	130.79	158.78	237.55	86.82
Dividend Per Share	24.000	24.000	-	-	-	-
Operating Margin	-1.57%	-0.31%	-0.86%	2.96%	6.83%	11.02%
Profit Margin	0.02%	1.68%	1.74%	2.90%	6.48%	7.91%
Free Cash Flow Margin	14.39%	14.41%	7.87%	10.38%	19.77%	9.46%
EBITDA	-1.63	1.89	0.62	5.85	12.36	15.48
EBITDA Margin	-0.63%	0.78%	0.30%	3.06%	8.23%	13.49%
D&A For EBITDA	2.42	2.65	2.41	0.21	2.1	2.84
EBIT	-4.05	-0.75	-1.79	5.65	10.26	12.64
EBIT Margin	-1.57%	-0.31%	-0.86%	2.96%	6.83%	11.02%
Effective Tax Rate	75.03%	16.03%	16.57%	5.51%	15.64%	19.12%

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