Page-cited financials · quarter over quarter

ASNIC fundamentals.

▸ Extracted from the filings themselves — every figure links to the exact page it came from. Latest validated period: 2025-12-31. ← back to ASNIC

Headline trend

last 4 filed quarters

Metric	Q1 ’25	Q2 ’25	Q3 ’25	Q4 ’25
Revenue	—	—	AED 181.02mn p.4	—
Net profit	—	AED -11.69mn p.4	—	—
Operating cash flow	AED 32.51mn p.6	—	—	—
Total assets	AED 887.26mn p.3	AED 840.18mn p.3	AED 782.83mn p.3	AED 664.38mn p.6
Total equity	AED 45.85mn p.3	AED 34.72mn p.3	—	AED -86.17mn p.6

▸ Flows (revenue, net profit, operating cash flow) are the discrete quarter; balance-sheet lines are point-in-time.

Full statements

latest filed period

Balance sheet

as of 2025-12-31

Property and equipment	AED 5,802,207	p.6
Intangible assets	AED 1,551,433	p.6
Investments in associates	AED 116,694,572	p.6
Financial assets at fair value through profit or loss (FVTPL)	AED 12,501,274	p.6
Investment property	AED 157,931,895	p.6
Insurance contract assets	AED 8,042,983	p.6
Reinsurance contract assets	AED 72,762,913	p.6
Other receivables and prepayments	AED 13,701,708	p.6
Statutory deposit	AED 10,300,000	p.6
cash	AED 265,094,001	p.6
total_assets	AED 664,382,986	p.6
Share capital	AED 230,000,000	p.6
Reinsurance reserve	AED 6,372,137	p.6
Fair value reserve	AED 6,243,058	p.6
Accumulated losses	AED -328,782,189	p.6
total_equity	AED -86,166,994	p.6
Provision for employees' end of service benefits	AED 6,093,307	p.6
Bank borrowings	AED 239,527,756	p.6
Other payables	AED 24,380,250	p.6
Insurance contract liabilities	AED 349,979,839	p.6
Reinsurance contract liabilities	AED 125,721,313	p.6
Lease liability	AED 4,847,515	p.6
total_liabilities	AED 750,549,980	p.6
total_liabilities_and_equity	AED 664,382,986	p.6

Cash flow

full year to 2025-12-31

Cash and cash equivalents at 31 December	AED 14,493,226	p.9
Cash and cash equivalents at 1 January	AED 14,126,625	p.9
Net changes in cash and cash equivalents	AED 366,601	p.9
Net cash used in financing activities	AED -10,360,455	p.9
Loss for the year	AED -143,792,198	p.9
Share of loss / (profit) from equity accounted investees	AED 14,884,703	p.9
Net unrealised loss from financial assets at FVTPL	AED 871,562	p.9
Depreciation and amortisation	AED 2,433,685	p.9
Finance costs	AED 8,355,645	p.9
Impairment of investment in associate	AED 19,340,119	p.9
Allowance for expected credit losses of related parties	AED 8,793,779	p.9
Expected credit loss of other receivables	AED 1,012,857	p.9
Provision for employees' end of service indemnity	AED 1,221,650	p.9
Loss on disposal of property and equipment and intangible assets	AED 57,620	p.9
Interest on lease liability	AED 342,182	p.9
Dividend income from financial assets at FVTPL	AED -909,120	p.9
Interest income	AED -11,293,523	p.9
Operating cash flows before movements in working capital	AED -98,681,039	p.9
Insurance contract assets and liabilities-net	AED 155,341,660	p.9
Reinsurance contract assets and liabilities-net	AED -54,731,082	p.9
Change in other receivables and prepayments	AED 2,426,889	p.9
Change in other payables	AED -15,544,337	p.9
Cash used in operations	AED -11,187,909	p.9
Employees' end of service benefits paid	AED -1,501,203	p.9
ocf	AED -12,689,112	p.9
capex	AED -618,635	p.9
Proceeds from sale of property and equipment and intangible assets	AED 5,030	p.9
Net proceeds from sale of financial assets at FVTPL	AED 6,635,518	p.9
Dividends received from investment in financial assets at FVTPL	AED 909,120	p.9
Net movement in fixed deposits with maturity over 3 months	AED 5,411,612	p.9
Interest received	AED 11,073,523	p.9
Net cash generated from investing activities	AED 23,416,168	p.9
Finance costs paid	AED -8,355,645	p.9
Payment of lease liability	AED -2,004,810	p.9

Income statement

full year to 2025-12-31

revenue	AED 757,366,709	p.7
Insurance service expenses	AED -804,103,469	p.7
Insurance service result before reinsurance contracts held	AED -46,736,760	p.7
Allocation of reinsurance premiums	AED -169,802,023	p.7
Amounts recoverable from reinsurance for incurred claims	AED 125,020,030	p.7
Net (expense) / income from reinsurance contracts held	AED -44,781,993	p.7
Insurance service result	AED -91,518,753	p.7
Insurance finance expense for insurance contracts issued	AED -12,743,212	p.7
Reinsurance finance income for reinsurance contracts held	AED 6,436,385	p.7
Net insurance financial expense	AED -6,306,827	p.7
Net investment income	AED 5,011,310	p.7
Other operating expenses	AED -42,622,283	p.7
interest_expense	AED -8,355,645	p.7
net_income	AED -143,792,198	p.7
Other comprehensive income for the year	AED 2,444,904	p.7
Total comprehensive loss for the year	AED -141,347,294	p.7
Basic and diluted loss per share	AED -0.63	p.7