WALAA

Walaa Cooperative Insurance Co.

8060StocksTadawulInsurance

Financials

Income Statement Balance Sheet Cash Flow Ratios

Annual Quarterly

Annual (SAR)

1-5

	2025Dec 31, 2025	2024Dec 31, 2024	2023Dec 31, 2023	2022Dec 31, 2022	2021Dec 31, 2021
Operating Summary
Revenue	1.44B	1.90B	1.73B	1.57B	1.17B
Operating Expenses	1.60B	1.84B	1.57B	1.69B	1.28B
Pretax Income	-155.08M	83.05M	162.98M	-56.44M	-112.80M
Income Tax	20.00M	18.75M	15.00M	11.64M	9.26M
Net Income	-175.82M	64.30M	147.98M	-68.08M	-122.05M
Premium Revenue	1.40B	1.77B	1.57B	2.57B	1.06B
Policy Benefits	1.56B	1.81B	1.54B	1.67B	0.97B
Policy Cost	—	—	—	—	144.62M
EPS (Basic)	-1.38	0.62	1.74	-0.99	-1.89
EPS (Diluted)	-1.38	0.62	1.74	-0.99	-1.89
Margins & Efficiency
Net Margin %	-12.2%	+3.4%	+8.6%	-4.3%	-10.5%
Revenue & Income
Revenue Growth (YoY)	-24.2%	+10.1%	+9.8%	+34.9%	+40.3%
Revenue Insurance	1.44B	1.90B	1.73B	1.57B	1.17B
Premiums Annuity Rev	1.40B	1.77B	1.57B	2.57B	1.06B
Other Revenue Insurance	87.38M	74.22M	58.40M	-998.81M	79.80M
Gain (Loss) on Sale of Assets	0.16M	20.31M	—	—	—
Gain Investment Rev Insurance	-53.89M	48.53M	89.79M	-6.81M	17.90M
Expenses & Provisions
SG&A Insurance	—	—	—	0.65M	150.90M
Other Opex Insurance	36.57M	35.28M	37.04M	20.29M	-2.35M
Total Opex Insurance	1.60B	1.84B	1.57B	1.69B	1.28B
Other Non Operating Income (Expenses)	2.67M	2.95M	11.27M	12.61M	—
Policy Benefits	1.56B	1.81B	1.54B	1.67B	0.97B
Policy Cost	—	—	—	—	144.62M
Provision for Bad Debts	—	—	—	—	17.20M
D&A For EBITDA	13.74M	25.76M	20.72M	9.62M	10.58M
Deferred Policy Acquisition Cost	—	—	—	—	36.48M
Profitability & Returns
EBIT	-157.91M	59.79M	151.71M	-118.72M	-112.80M
EBIT Margin	-11.0%	+3.1%	+8.8%	-7.6%	-9.7%
EBITDA	-144.17M	85.55M	172.43M	-109.10M	-102.22M
EBITDA Margin	-10.0%	+4.5%	+10.0%	-6.9%	-8.8%
EBT Excluding Unusual Items	-155.25M	62.75M	162.98M	-106.12M	-112.80M
Pretax Income	-155.08M	83.05M	162.98M	-56.44M	-112.80M
Opinc Insurance	-157.91M	59.79M	151.71M	-118.72M	-112.80M
Operating Margin	-11.0%	+3.1%	+8.8%	-7.6%	-9.7%
Profit Margin	-12.2%	+3.4%	+8.6%	-4.3%	-10.5%
Net Income	-175.82M	64.30M	147.98M	-68.08M	-122.05M
Net Income to Common	-175.82M	64.30M	147.98M	-68.08M	-122.05M
Net Income Growth	—	-56.5%	—	—	—
Earnings From Continuing Ops.	-175.08M	64.30M	147.98M	-68.08M	-122.05M
Minority Interest in Earnings	-732.00K	—	—	—	—
Income Tax Expense	20.00M	18.75M	15.00M	11.64M	9.26M
Effective Tax Rate	—	+22.6%	+9.2%	—	—
Per Share & Capital
EPS (Basic)	-1.38	0.62	1.74	-0.99	-1.89
EPS (Diluted)	-1.38	0.62	1.74	-0.99	-1.89
EPS Growth	—	-64.1%	—	—	—
Shares Change (YoY)	0.24	0.21	0.24	0.06	0.03
Shares Outstanding (Basic)	127.56M	103.06M	85.06M	68.78M	64.64M
Shares Outstanding (Diluted)	127.56M	103.06M	85.06M	68.78M	64.64M
Free Cash Flow	-558.83M	23.87M	416.63M	54.56M	-127.05M
Free Cash Flow Margin	-38.8%	+1.3%	+24.1%	+3.5%	-10.9%
Free Cash Flow Per Share	-4.38	0.23	4.90	0.79	-1.97
Supplemental
Other Unusual Items	—	—	—	49.68M	—
Total Interest Dividend Income	5.54M	8.41M	12.44M	5.83M	9.60M

Income Statement Balance Sheet Cash Flow Ratios

Annual Quarterly

Annual (SAR)

1-5

	2025Dec 31, 2025	2024Dec 31, 2024	2023Dec 31, 2023	2022Dec 31, 2022	2021Dec 31, 2021
Operating Summary
Revenue	1.44B	1.90B	1.73B	1.57B	1.17B
Operating Expenses	1.60B	1.84B	1.57B	1.69B	1.28B
Pretax Income	-155.08M	83.05M	162.98M	-56.44M	-112.80M
Income Tax	20.00M	18.75M	15.00M	11.64M	9.26M
Net Income	-175.82M	64.30M	147.98M	-68.08M	-122.05M
Premium Revenue	1.40B	1.77B	1.57B	2.57B	1.06B
Policy Benefits	1.56B	1.81B	1.54B	1.67B	0.97B
Policy Cost	—	—	—	—	144.62M
EPS (Basic)	-1.38	0.62	1.74	-0.99	-1.89
EPS (Diluted)	-1.38	0.62	1.74	-0.99	-1.89
Margins & Efficiency
Net Margin %	-12.2%	+3.4%	+8.6%	-4.3%	-10.5%
Revenue & Income
Revenue Growth (YoY)	-24.2%	+10.1%	+9.8%	+34.9%	+40.3%
Revenue Insurance	1.44B	1.90B	1.73B	1.57B	1.17B
Premiums Annuity Rev	1.40B	1.77B	1.57B	2.57B	1.06B
Other Revenue Insurance	87.38M	74.22M	58.40M	-998.81M	79.80M
Gain (Loss) on Sale of Assets	0.16M	20.31M	—	—	—
Gain Investment Rev Insurance	-53.89M	48.53M	89.79M	-6.81M	17.90M
Expenses & Provisions
SG&A Insurance	—	—	—	0.65M	150.90M
Other Opex Insurance	36.57M	35.28M	37.04M	20.29M	-2.35M
Total Opex Insurance	1.60B	1.84B	1.57B	1.69B	1.28B
Other Non Operating Income (Expenses)	2.67M	2.95M	11.27M	12.61M	—
Policy Benefits	1.56B	1.81B	1.54B	1.67B	0.97B
Policy Cost	—	—	—	—	144.62M
Provision for Bad Debts	—	—	—	—	17.20M
D&A For EBITDA	13.74M	25.76M	20.72M	9.62M	10.58M
Deferred Policy Acquisition Cost	—	—	—	—	36.48M
Profitability & Returns
EBIT	-157.91M	59.79M	151.71M	-118.72M	-112.80M
EBIT Margin	-11.0%	+3.1%	+8.8%	-7.6%	-9.7%
EBITDA	-144.17M	85.55M	172.43M	-109.10M	-102.22M
EBITDA Margin	-10.0%	+4.5%	+10.0%	-6.9%	-8.8%
EBT Excluding Unusual Items	-155.25M	62.75M	162.98M	-106.12M	-112.80M
Pretax Income	-155.08M	83.05M	162.98M	-56.44M	-112.80M
Opinc Insurance	-157.91M	59.79M	151.71M	-118.72M	-112.80M
Operating Margin	-11.0%	+3.1%	+8.8%	-7.6%	-9.7%
Profit Margin	-12.2%	+3.4%	+8.6%	-4.3%	-10.5%
Net Income	-175.82M	64.30M	147.98M	-68.08M	-122.05M
Net Income to Common	-175.82M	64.30M	147.98M	-68.08M	-122.05M
Net Income Growth	—	-56.5%	—	—	—
Earnings From Continuing Ops.	-175.08M	64.30M	147.98M	-68.08M	-122.05M
Minority Interest in Earnings	-732.00K	—	—	—	—
Income Tax Expense	20.00M	18.75M	15.00M	11.64M	9.26M
Effective Tax Rate	—	+22.6%	+9.2%	—	—
Per Share & Capital
EPS (Basic)	-1.38	0.62	1.74	-0.99	-1.89
EPS (Diluted)	-1.38	0.62	1.74	-0.99	-1.89
EPS Growth	—	-64.1%	—	—	—
Shares Change (YoY)	0.24	0.21	0.24	0.06	0.03
Shares Outstanding (Basic)	127.56M	103.06M	85.06M	68.78M	64.64M
Shares Outstanding (Diluted)	127.56M	103.06M	85.06M	68.78M	64.64M
Free Cash Flow	-558.83M	23.87M	416.63M	54.56M	-127.05M
Free Cash Flow Margin	-38.8%	+1.3%	+24.1%	+3.5%	-10.9%
Free Cash Flow Per Share	-4.38	0.23	4.90	0.79	-1.97
Supplemental
Other Unusual Items	—	—	—	49.68M	—
Total Interest Dividend Income	5.54M	8.41M	12.44M	5.83M	9.60M