MALATH INSURANCE

Malath Cooperative Insurance Co.

8020StocksTadawulInsurance

Financials

Income Statement Balance Sheet Cash Flow Ratios

Annual Quarterly

Annual (SAR)

	2025Dec 31, 2025	2024Dec 31, 2024	2023Dec 31, 2023	2022Dec 31, 2022	2021Dec 31, 2021
Operating Summary
Revenue	1.40B	0.97B	0.90B	0.93B	0.83B
Operating Expenses	1.43B	0.98B	0.87B	0.97B	0.90B
Pretax Income	29.80M	36.39M	47.19M	-31.09M	-72.85M
Income Tax	8.10M	9.50M	9.00M	10.29M	12.81M
Net Income	21.70M	26.89M	38.19M	-41.38M	-85.66M
Premium Revenue	1.39B	0.95B	0.87B	0.91B	0.78B
Policy Benefits	1.40B	0.95B	0.86B	0.95B	0.69B
Policy Cost	—	—	—	—	86.83M
EPS (Basic)	0.43	0.54	0.76	-0.83	-1.71
EPS (Diluted)	0.43	0.54	0.76	-0.83	-1.71
Margins & Efficiency
Net Margin %	+1.5%	+2.8%	+4.2%	-4.4%	-10.3%
Revenue & Income
Revenue Growth (YoY)	+44.3%	+8.0%	-3.3%	+12.4%	+3.8%
Revenue Insurance	1.40B	0.97B	0.90B	0.93B	0.83B
Premiums Annuity Rev	1.39B	0.95B	0.87B	0.91B	0.78B
Other Revenue Insurance	—	—	—	—	19.87M
Gain Investment Rev Insurance	-1.68M	13.36M	17.94M	7.41M	—
Expenses & Provisions
SG&A Insurance	7.90M	12.27M	—	—	45.55M
Other Opex Insurance	9.65M	3.44M	18.34M	23.90M	—
Total Opex Insurance	1.43B	0.98B	0.87B	0.97B	0.90B
Other Non Operating Income (Expenses)	37.16M	45.17M	19.95M	6.47M	—
Policy Benefits	1.40B	0.95B	0.86B	0.95B	0.69B
Policy Cost	—	—	—	—	86.83M
Provision for Bad Debts	—	—	—	—	7.05M
Asset Writedown	21.46M	—	—	—	—
D&A For EBITDA	1.40M	1.78M	0.92M	1.95M	1.62M
Da Suppl Insurance	14.00K	23.00K	—	—	—
Deferred Policy Acquisition Cost	—	—	—	—	25.62M
Profitability & Returns
EBIT	-28.82M	-8.78M	27.24M	-37.56M	-72.85M
EBIT Margin	-2.1%	-0.9%	+3.0%	-4.0%	-8.8%
EBITDA	-27.42M	-7.00M	28.15M	-35.61M	-71.23M
EBITDA Margin	-2.0%	-0.7%	+3.1%	-3.8%	-8.6%
EBT Excluding Unusual Items	8.34M	36.39M	47.19M	-31.09M	-72.85M
Pretax Income	29.80M	36.39M	47.19M	-31.09M	-72.85M
Opinc Insurance	-28.82M	-8.78M	27.24M	-37.56M	-72.85M
Operating Margin	-2.1%	-0.9%	+3.0%	-4.0%	-8.8%
Profit Margin	+1.5%	+2.8%	+4.2%	-4.4%	-10.3%
Net Income	21.70M	26.89M	38.19M	-41.38M	-85.66M
Net Income to Common	21.70M	26.89M	38.19M	-41.38M	-85.66M
Net Income Growth	-19.3%	-29.6%	—	—	—
Income Tax Expense	8.10M	9.50M	9.00M	10.29M	12.81M
Effective Tax Rate	+27.2%	+26.1%	+19.1%	—	—
Per Share & Capital
EPS (Basic)	0.43	0.54	0.76	-0.83	-1.71
EPS (Diluted)	0.43	0.54	0.76	-0.83	-1.71
EPS Growth	-19.3%	-29.6%	—	—	—
Shares Outstanding (Basic)	50.00M	50.00M	50.00M	50.00M	50.00M
Shares Outstanding (Diluted)	50.00M	50.00M	50.00M	50.00M	50.00M
Free Cash Flow	-90.58M	249.83M	-109.75M	-129.27M	-64.84M
Free Cash Flow Margin	-6.5%	+25.7%	-12.2%	-13.9%	-7.8%
Free Cash Flow Per Share	-1.81	5.00	-2.20	-2.59	-1.30
Supplemental
Total Interest Dividend Income	20.82M	13.14M	10.19M	17.89M	30.39M

Income Statement Balance Sheet Cash Flow Ratios

Annual Quarterly

Annual (SAR)

	2025Dec 31, 2025	2024Dec 31, 2024	2023Dec 31, 2023	2022Dec 31, 2022	2021Dec 31, 2021
Operating Summary
Revenue	1.40B	0.97B	0.90B	0.93B	0.83B
Operating Expenses	1.43B	0.98B	0.87B	0.97B	0.90B
Pretax Income	29.80M	36.39M	47.19M	-31.09M	-72.85M
Income Tax	8.10M	9.50M	9.00M	10.29M	12.81M
Net Income	21.70M	26.89M	38.19M	-41.38M	-85.66M
Premium Revenue	1.39B	0.95B	0.87B	0.91B	0.78B
Policy Benefits	1.40B	0.95B	0.86B	0.95B	0.69B
Policy Cost	—	—	—	—	86.83M
EPS (Basic)	0.43	0.54	0.76	-0.83	-1.71
EPS (Diluted)	0.43	0.54	0.76	-0.83	-1.71
Margins & Efficiency
Net Margin %	+1.5%	+2.8%	+4.2%	-4.4%	-10.3%
Revenue & Income
Revenue Growth (YoY)	+44.3%	+8.0%	-3.3%	+12.4%	+3.8%
Revenue Insurance	1.40B	0.97B	0.90B	0.93B	0.83B
Premiums Annuity Rev	1.39B	0.95B	0.87B	0.91B	0.78B
Other Revenue Insurance	—	—	—	—	19.87M
Gain Investment Rev Insurance	-1.68M	13.36M	17.94M	7.41M	—
Expenses & Provisions
SG&A Insurance	7.90M	12.27M	—	—	45.55M
Other Opex Insurance	9.65M	3.44M	18.34M	23.90M	—
Total Opex Insurance	1.43B	0.98B	0.87B	0.97B	0.90B
Other Non Operating Income (Expenses)	37.16M	45.17M	19.95M	6.47M	—
Policy Benefits	1.40B	0.95B	0.86B	0.95B	0.69B
Policy Cost	—	—	—	—	86.83M
Provision for Bad Debts	—	—	—	—	7.05M
Asset Writedown	21.46M	—	—	—	—
D&A For EBITDA	1.40M	1.78M	0.92M	1.95M	1.62M
Da Suppl Insurance	14.00K	23.00K	—	—	—
Deferred Policy Acquisition Cost	—	—	—	—	25.62M
Profitability & Returns
EBIT	-28.82M	-8.78M	27.24M	-37.56M	-72.85M
EBIT Margin	-2.1%	-0.9%	+3.0%	-4.0%	-8.8%
EBITDA	-27.42M	-7.00M	28.15M	-35.61M	-71.23M
EBITDA Margin	-2.0%	-0.7%	+3.1%	-3.8%	-8.6%
EBT Excluding Unusual Items	8.34M	36.39M	47.19M	-31.09M	-72.85M
Pretax Income	29.80M	36.39M	47.19M	-31.09M	-72.85M
Opinc Insurance	-28.82M	-8.78M	27.24M	-37.56M	-72.85M
Operating Margin	-2.1%	-0.9%	+3.0%	-4.0%	-8.8%
Profit Margin	+1.5%	+2.8%	+4.2%	-4.4%	-10.3%
Net Income	21.70M	26.89M	38.19M	-41.38M	-85.66M
Net Income to Common	21.70M	26.89M	38.19M	-41.38M	-85.66M
Net Income Growth	-19.3%	-29.6%	—	—	—
Income Tax Expense	8.10M	9.50M	9.00M	10.29M	12.81M
Effective Tax Rate	+27.2%	+26.1%	+19.1%	—	—
Per Share & Capital
EPS (Basic)	0.43	0.54	0.76	-0.83	-1.71
EPS (Diluted)	0.43	0.54	0.76	-0.83	-1.71
EPS Growth	-19.3%	-29.6%	—	—	—
Shares Outstanding (Basic)	50.00M	50.00M	50.00M	50.00M	50.00M
Shares Outstanding (Diluted)	50.00M	50.00M	50.00M	50.00M	50.00M
Free Cash Flow	-90.58M	249.83M	-109.75M	-129.27M	-64.84M
Free Cash Flow Margin	-6.5%	+25.7%	-12.2%	-13.9%	-7.8%
Free Cash Flow Per Share	-1.81	5.00	-2.20	-2.59	-1.30
Supplemental
Total Interest Dividend Income	20.82M	13.14M	10.19M	17.89M	30.39M