Al Madina Insurance Company SAOG (MSM:AMAT)

MSM:AMAT 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	Sep 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Premiums & Annuity Revenue	21.51	19.78	15.62	15.21	14.34	14.31
Total Interest & Dividend Income	2.46	1.93	1.43	0.83	1.35	1.06
Other Revenue	-2.02	-2.02	-0.79	0.43	0.57	0.53
Total Revenue	21.95	19.68	16.26	16.47	16.26	15.89
Revenue Growth (YoY)	-34.57%	21.09%	-1.33%	1.29%	2.34%	-5.10%
Policy Benefits	12.45	11.33	8.53	8.65	7.42	6.83
Policy Acquisition & Underwriting Costs	2.67	2.74	2.06	1.79	1.91	1.8
Selling, General & Administrative	5.28	4.83	4.65	4.68	4.65	4.47
Provision for Bad Debts	0.12	0.12	0.12	-	0.46	0.25
Other Operating Expenses	-1.89	-1.55	-0.82	0.28	0.68	1.55
Total Operating Expenses	18.62	17.47	14.54	15.4	15.12	14.9
Operating Income	3.33	2.22	1.71	1.07	1.15	0.99
Other Non Operating Income (Expenses)	0	0	0	0.24	-0	0
EBT Excluding Unusual Items	3.33	2.22	1.71	1.31	1.15	0.99
Asset Writedown	-0.25	-0.25	-	-	-	-
Pretax Income	3.08	1.97	1.71	1.31	1.15	0.99
Income Tax Expense	0.39	0.22	0.28	0.25	0.19	0.28
Net Income	2.69	1.74	1.43	1.06	0.95	0.72
Net Income to Common	2.69	1.74	1.43	1.06	0.95	0.72
Net Income Growth	176.79%	21.84%	34.78%	11.15%	33.51%	-21.70%
Shares Outstanding (Basic)	175	175	175	175	175	175
Shares Outstanding (Diluted)	175	175	175	175	175	175
EPS (Basic)	0.02	0.01	0.01	0.01	0.01	0.00
EPS (Diluted)	0.02	0.01	0.01	0.01	0.01	0.00
EPS Growth	176.80%	21.84%	34.78%	11.14%	33.53%	-21.69%
Free Cash Flow	2.74	2.83	-2.57	0.29	-2.17	1.66
Free Cash Flow Per Share	0.02	0.02	-0.01	0.00	-0.01	0.01
Dividend Per Share	0.007	0.007	0.007	0.007	0.007	0.010
Dividend Growth	-	-	-	-6.67%	-25.00%	66.67%
Operating Margin	15.17%	11.25%	10.54%	6.51%	7.06%	6.24%
Profit Margin	12.25%	8.85%	8.80%	6.44%	5.87%	4.50%
Free Cash Flow Margin	12.47%	14.40%	-15.83%	1.74%	-13.37%	10.42%
EBITDA	3.39	2.31	1.83	1.19	1.27	1.15
EBITDA Margin	15.46%	11.76%	11.26%	7.25%	7.78%	7.24%
D&A For EBITDA	0.06	0.1	0.12	0.12	0.12	0.16
EBIT	3.33	2.22	1.71	1.07	1.15	0.99
EBIT Margin	15.17%	11.25%	10.54%	6.51%	7.06%	6.24%
Effective Tax Rate	12.66%	11.34%	16.53%	19.18%	16.80%	27.91%

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Insurance template. Financial Sources.