Arabia Falcon Insurance SAOG (MSM:AFIC)

MSM:AFIC Income Statement

Financials in millions OMR. 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	8.08	7.88	7.29	9.44	6.69	6.44
Total Interest & Dividend Income	1.66	1.6	1.19	1.35	1.49	1.74
Gain (Loss) on Sale of Investments	0.33	0.13	0.36	-0.21	-	0.13
Other Revenue	-	-	-	0.13	1.29	1.22
Total Revenue	10.06	9.61	8.84	10.71	9.47	9.53
Revenue Growth (YoY)	257.06%	8.71%	-17.41%	13.05%	-0.66%	-1.61%
Policy Benefits	4.74	4.61	7.06	3.85	2.1	2.19
Policy Acquisition & Underwriting Costs	2.21	2.21	-	4.46	2.58	2.26
Amortization of Goodwill & Intangibles	0.09	0.09	0.08	0.07	0.08	0.09
Depreciation & Amortization	0.12	0.12	0.19	0.19	0.17	0.14
Selling, General & Administrative	2.11	2.15	0.8	0.82	0.78	0.66
Provision for Bad Debts	-	-	0.02	-0	0.2	0.48
Other Operating Expenses	-3.18	-3.18	-1.82	-1.61	-0.02	-0.02
Total Operating Expenses	8.22	8.12	8.41	9.64	7.65	7.58
Operating Income	1.85	1.49	0.44	1.07	1.82	1.95
Interest Expense	-0	-0	-0	-0.02	-0.03	-0.03
Other Non Operating Income (Expenses)	0	0.09	0.11	-0.03	-0.03	-0.02
EBT Excluding Unusual Items	1.85	1.58	0.54	1.01	1.77	1.91
Gain (Loss) on Sale of Assets	0.01	0.01	0.01	0	-0	-
Other Unusual Items	0.29	0.29	0.29	0.27	0.26	0.02
Pretax Income	2.14	1.87	0.85	1.29	2.02	1.93
Income Tax Expense	0.32	0.29	0.11	0.26	0.35	0.26
Net Income	1.82	1.59	0.74	1.03	1.68	1.67
Net Income to Common	1.82	1.59	0.74	1.03	1.68	1.67
Net Income Growth	52.97%	113.77%	-27.96%	-38.56%	0.40%	48.71%
Shares Outstanding (Basic)	105	103	103	103	103	103
Shares Outstanding (Diluted)	105	103	103	103	103	103
Shares Change (YoY)	2.46%	-	-	-	-	-
EPS (Basic)	0.02	0.02	0.01	0.01	0.02	0.02
EPS (Diluted)	0.02	0.02	0.01	0.01	0.02	0.02
EPS Growth	49.30%	113.79%	-27.97%	-38.56%	0.40%	48.72%
Free Cash Flow	9.77	3.06	2.72	1.26	0.25	2
Free Cash Flow Per Share	0.09	0.03	0.03	0.01	0.00	0.02
Dividend Per Share	0.010	0.010	-	0.006	0.012	0.010
Dividend Growth	-	-	-	-50.00%	20.00%	66.67%
Operating Margin	18.34%	15.51%	4.95%	9.95%	19.24%	20.47%
Profit Margin	18.13%	16.49%	8.39%	9.61%	17.69%	17.50%
Free Cash Flow Margin	97.09%	31.80%	30.80%	11.73%	2.69%	20.96%
EBITDA	1.95	1.64	0.59	1.21	1.95	2.05
EBITDA Margin	19.38%	17.02%	6.62%	11.31%	20.60%	21.48%
D&A For EBITDA	0.1	0.15	0.15	0.15	0.13	0.1
EBIT	1.85	1.49	0.44	1.07	1.82	1.95
EBIT Margin	18.34%	15.51%	4.95%	9.95%	19.24%	20.47%
Effective Tax Rate	14.80%	15.39%	12.51%	19.89%	17.11%	13.58%

Updated Mar 1, 2025. Source: S&P Global Market Intelligence. Insurance template. Financial Sources.