Sharjah Insurance Company P.S.C. (ADX:SICO)

ADX:SICO Income Statement

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Premiums & Annuity Revenue	109.05	105.89	33.18	22.79	7.35	22.69
Total Interest & Dividend Income	14.68	14.34	11	16.61	7.67	7.48
Gain (Loss) on Sale of Investments	1.35	1.35	4.07	16.09	16.62	0.17
Other Revenue	28.29	-	-	-	2.86	-
Total Revenue	153.37	121.58	48.25	55.5	34.5	30.34
Revenue Growth (YoY)	229.88%	151.97%	-13.06%	60.89%	13.70%	-16.97%
Policy Benefits	113.99	114.12	34.64	20.48	1.59	8.04
Policy Acquisition & Underwriting Costs	-	-	-	-	1.88	1.54
Selling, General & Administrative	3.03	3.47	2.2	2.36	12.36	14.08
Provision for Bad Debts	-	-	-	-	-3.88	-0.86
Other Operating Expenses	1.75	1.62	-3.97	-0.34	-6.43	-5.09
Total Operating Expenses	118.77	119.21	32.87	22.49	5.53	17.7
Operating Income	34.6	2.38	15.38	33.01	28.96	12.64
Interest Expense	-1	-0.11	-0.14	-0.49	-0.2	-0.24
Other Non Operating Income (Expenses)	-	-	-	-	-	0.22
EBT Excluding Unusual Items	33.61	2.27	15.24	32.52	28.76	12.62
Asset Writedown	2.99	2.99	0.96	1.15	-1.5	-0.98
Other Unusual Items	-	-	-	0.02	-0.03	0.12
Pretax Income	36.6	5.26	16.21	33.7	27.23	11.76
Income Tax Expense	1.08	0.25	-	-	-	-
Net Income	35.52	5.01	16.21	33.7	27.23	11.76
Net Income to Common	35.52	5.01	16.21	33.7	27.23	11.76
Net Income Growth	894.48%	-69.09%	-51.91%	23.77%	131.59%	-20.16%
Shares Outstanding (Basic)	150	150	150	150	150	150
Shares Outstanding (Diluted)	150	150	150	150	150	150
Shares Change (YoY)	-0.11%	-	-	-	0.00%	-
EPS (Basic)	0.24	0.03	0.11	0.22	0.18	0.08
EPS (Diluted)	0.24	0.03	0.11	0.22	0.18	0.08
EPS Growth	895.63%	-69.09%	-51.91%	23.77%	131.59%	-20.16%
Free Cash Flow	7.88	5.2	-1.78	-1.78	6.98	2.47
Free Cash Flow Per Share	0.05	0.04	-0.01	-0.01	0.05	0.02
Dividend Per Share	0.050	0.050	0.070	0.100	0.073	0.064
Dividend Growth	-28.57%	-28.57%	-30.00%	36.43%	14.17%	-
Operating Margin	22.56%	1.95%	31.87%	59.47%	83.96%	41.65%
Profit Margin	23.16%	4.12%	33.59%	60.71%	78.92%	38.75%
Free Cash Flow Margin	5.14%	4.28%	-3.68%	-3.20%	20.23%	8.15%
EBITDA	34.73	2.46	15.48	33.16	29.26	13.07
EBITDA Margin	22.64%	2.02%	32.08%	59.74%	84.83%	43.09%
D&A For EBITDA	0.12	0.09	0.1	0.15	0.3	0.44
EBIT	34.6	2.38	15.38	33.01	28.96	12.64
EBIT Margin	22.56%	1.95%	31.87%	59.47%	83.96%	41.65%
Effective Tax Rate	2.95%	4.70%	-	-	-	-

Updated Feb 13, 2025. Source: S&P Global Market Intelligence. Insurance template. Financial Sources.