MEDGULF

Mediterranean & Gulf Cooperative Insurance & Reinsurance Co.

8030StocksTadawulInsurance

Financials

Income Statement Balance Sheet Cash Flow Ratios

Annual Quarterly

Quarterly (SAR)

1-5

	Q4 2025Dec 31, 2025	Q3 2025Sep 30, 2025	Q2 2025Jun 30, 2025	Q1 2025Mar 31, 2025	Q4 2024Dec 31, 2024
Operating Summary
Revenue	1.27B	1.04B	1.01B	1.01B	0.95B
Operating Expenses	1.27B	1.02B	1.01B	0.99B	0.97B
Pretax Income	0.87M	19.07M	2.49M	20.64M	0.23M
Income Tax	-4.12M	1.17M	3.96M	1.00M	-2.78M
Net Income	4.99M	17.90M	-1.47M	19.64M	3.00M
Premium Revenue	1.27B	1.03B	1.03B	1.00B	0.94B
Policy Benefits	1.25B	1.02B	1.01B	0.99B	0.95B
Policy Cost	—	—	—	—	—
EPS (Basic)	0.02	0.17	-0.01	0.19	0.03
EPS (Diluted)	0.02	0.17	-0.01	0.19	0.03
Margins & Efficiency
Net Margin %	+0.4%	+1.7%	-0.1%	+1.9%	+0.3%
Revenue & Income
Revenue Growth (YoY)	+33.4%	+12.8%	+12.2%	+20.0%	+14.8%
Revenue Insurance	1.27B	1.04B	1.01B	1.01B	0.95B
Premiums Annuity Rev	1.27B	1.03B	1.03B	1.00B	0.94B
Other Revenue Insurance	53.38M	—	—	—	48.77M
Earnings From Equity Investments	-1.28M	0.34M	0.94M	—	—
Gain (Loss) on Sale of Assets	—	—	—	—	22.19M
Gain Investment Rev Insurance	—	—	—	—	—
Expenses & Provisions
SG&A Insurance	4.91M	1.93M	3.42M	2.53M	3.25M
Other Opex Insurance	7.93M	1.12M	-4.26M	1.33M	15.31M
Total Opex Insurance	1.27B	1.02B	1.01B	0.99B	0.97B
Policy Benefits	1.25B	1.02B	1.01B	0.99B	0.95B
Policy Cost	—	—	—	—	—
Provision for Bad Debts	—	—	—	—	—
D&A For EBITDA	2.14M	4.74M	5.02M	3.76M	0.94M
Deferred Policy Acquisition Cost	—	—	—	—	—
Profitability & Returns
EBIT	2.15M	18.73M	1.55M	20.64M	-21.96M
EBIT Margin	+0.2%	+1.8%	+0.2%	+2.0%	-2.3%
EBITDA	4.29M	23.47M	6.57M	24.40M	-21.02M
EBITDA Margin	+0.3%	+2.3%	+0.7%	+2.4%	-2.2%
EBT Excluding Unusual Items	0.87M	19.07M	2.49M	20.64M	-21.96M
Pretax Income	0.87M	19.07M	2.49M	20.64M	0.23M
Opinc Insurance	2.15M	18.73M	1.55M	20.64M	-21.96M
Operating Margin	+0.2%	+1.8%	+0.2%	+2.0%	-2.3%
Profit Margin	+0.4%	+1.7%	-0.1%	+1.9%	+0.3%
Net Income	4.99M	17.90M	-1.47M	19.64M	3.00M
Net Income to Common	4.99M	17.90M	-1.47M	19.64M	3.00M
Net Income Growth	+66.2%	-54.2%	—	-25.2%	-95.1%
Income Tax Expense	-4.12M	1.17M	3.96M	1.00M	-2.78M
Effective Tax Rate	—	+6.1%	+159.0%	+4.8%	—
Per Share & Capital
EPS (Basic)	0.02	0.17	-0.01	0.19	0.03
EPS (Diluted)	0.02	0.17	-0.01	0.19	0.03
EPS Growth	-26.6%	-54.2%	—	-25.2%	-95.1%
Shares Change (YoY)	1.26	—	—	—	—
Shares Outstanding (Basic)	237.63M	105.00M	105.00M	105.00M	105.00M
Shares Outstanding (Diluted)	237.63M	105.00M	105.00M	105.00M	105.00M
Free Cash Flow	-463.73M	215.41M	-16.58M	254.10M	-158.72M
Free Cash Flow Margin	-36.6%	+20.7%	-1.6%	+25.0%	-16.7%
Free Cash Flow Per Share	-1.95	2.05	-0.16	2.42	-1.51
Supplemental
Total Interest Dividend Income	-51.65M	14.75M	-19.56M	14.43M	-39.54M

Income Statement Balance Sheet Cash Flow Ratios

Annual Quarterly

Quarterly (SAR)

1-5

	Q4 2025Dec 31, 2025	Q3 2025Sep 30, 2025	Q2 2025Jun 30, 2025	Q1 2025Mar 31, 2025	Q4 2024Dec 31, 2024
Operating Summary
Revenue	1.27B	1.04B	1.01B	1.01B	0.95B
Operating Expenses	1.27B	1.02B	1.01B	0.99B	0.97B
Pretax Income	0.87M	19.07M	2.49M	20.64M	0.23M
Income Tax	-4.12M	1.17M	3.96M	1.00M	-2.78M
Net Income	4.99M	17.90M	-1.47M	19.64M	3.00M
Premium Revenue	1.27B	1.03B	1.03B	1.00B	0.94B
Policy Benefits	1.25B	1.02B	1.01B	0.99B	0.95B
Policy Cost	—	—	—	—	—
EPS (Basic)	0.02	0.17	-0.01	0.19	0.03
EPS (Diluted)	0.02	0.17	-0.01	0.19	0.03
Margins & Efficiency
Net Margin %	+0.4%	+1.7%	-0.1%	+1.9%	+0.3%
Revenue & Income
Revenue Growth (YoY)	+33.4%	+12.8%	+12.2%	+20.0%	+14.8%
Revenue Insurance	1.27B	1.04B	1.01B	1.01B	0.95B
Premiums Annuity Rev	1.27B	1.03B	1.03B	1.00B	0.94B
Other Revenue Insurance	53.38M	—	—	—	48.77M
Earnings From Equity Investments	-1.28M	0.34M	0.94M	—	—
Gain (Loss) on Sale of Assets	—	—	—	—	22.19M
Gain Investment Rev Insurance	—	—	—	—	—
Expenses & Provisions
SG&A Insurance	4.91M	1.93M	3.42M	2.53M	3.25M
Other Opex Insurance	7.93M	1.12M	-4.26M	1.33M	15.31M
Total Opex Insurance	1.27B	1.02B	1.01B	0.99B	0.97B
Policy Benefits	1.25B	1.02B	1.01B	0.99B	0.95B
Policy Cost	—	—	—	—	—
Provision for Bad Debts	—	—	—	—	—
D&A For EBITDA	2.14M	4.74M	5.02M	3.76M	0.94M
Deferred Policy Acquisition Cost	—	—	—	—	—
Profitability & Returns
EBIT	2.15M	18.73M	1.55M	20.64M	-21.96M
EBIT Margin	+0.2%	+1.8%	+0.2%	+2.0%	-2.3%
EBITDA	4.29M	23.47M	6.57M	24.40M	-21.02M
EBITDA Margin	+0.3%	+2.3%	+0.7%	+2.4%	-2.2%
EBT Excluding Unusual Items	0.87M	19.07M	2.49M	20.64M	-21.96M
Pretax Income	0.87M	19.07M	2.49M	20.64M	0.23M
Opinc Insurance	2.15M	18.73M	1.55M	20.64M	-21.96M
Operating Margin	+0.2%	+1.8%	+0.2%	+2.0%	-2.3%
Profit Margin	+0.4%	+1.7%	-0.1%	+1.9%	+0.3%
Net Income	4.99M	17.90M	-1.47M	19.64M	3.00M
Net Income to Common	4.99M	17.90M	-1.47M	19.64M	3.00M
Net Income Growth	+66.2%	-54.2%	—	-25.2%	-95.1%
Income Tax Expense	-4.12M	1.17M	3.96M	1.00M	-2.78M
Effective Tax Rate	—	+6.1%	+159.0%	+4.8%	—
Per Share & Capital
EPS (Basic)	0.02	0.17	-0.01	0.19	0.03
EPS (Diluted)	0.02	0.17	-0.01	0.19	0.03
EPS Growth	-26.6%	-54.2%	—	-25.2%	-95.1%
Shares Change (YoY)	1.26	—	—	—	—
Shares Outstanding (Basic)	237.63M	105.00M	105.00M	105.00M	105.00M
Shares Outstanding (Diluted)	237.63M	105.00M	105.00M	105.00M	105.00M
Free Cash Flow	-463.73M	215.41M	-16.58M	254.10M	-158.72M
Free Cash Flow Margin	-36.6%	+20.7%	-1.6%	+25.0%	-16.7%
Free Cash Flow Per Share	-1.95	2.05	-0.16	2.42	-1.51
Supplemental
Total Interest Dividend Income	-51.65M	14.75M	-19.56M	14.43M	-39.54M