Reported Earnings • May 18
First quarter 2026 earnings released: د.إ0.067 loss per share (vs د.إ0.02 loss in 1Q 2025) First quarter 2026 results: د.إ0.067 loss per share (further deteriorated from د.إ0.02 loss in 1Q 2025). Revenue: د.إ191.7m (up 35% from 1Q 2025). Net loss: د.إ13.7m (loss widened 233% from 1Q 2025). Over the last 3 years on average, earnings per share has increased by 122% per year but the company’s share price has fallen by 24% per year, which means it is significantly lagging earnings. Announcement • May 14
Takaful Emarat - Insurance (PSC) to Report Q1, 2026 Results on May 15, 2026 Takaful Emarat - Insurance (PSC) announced that they will report Q1, 2026 results on May 15, 2026 Valuation Update With 7 Day Price Move • Apr 17
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to د.إ1.71, the stock trades at a trailing P/E ratio of 22.3x. Average trailing P/E is 8x in the Insurance industry in United Arab Emirates. Total returns to shareholders of 3.3% over the past three years. Reported Earnings • Apr 01
Full year 2025 earnings released: EPS: د.إ0.077 (vs د.إ0.053 in FY 2024) Full year 2025 results: EPS: د.إ0.077 (up from د.إ0.053 in FY 2024). Revenue: د.إ820.2m (up 81% from FY 2024). Net income: د.إ15.9m (up 42% from FY 2024). Profit margin: 1.9% (down from 2.5% in FY 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 111% per year but the company’s share price has fallen by 29% per year, which means it is significantly lagging earnings. Announcement • Mar 26
Takaful Emarat - Insurance (PSC) to Report Fiscal Year 2025 Results on Mar 30, 2026 Takaful Emarat - Insurance (PSC) announced that they will report fiscal year 2025 results on Mar 30, 2026 New Risk • Dec 22
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Emirian stocks, typically moving 5.1% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. This is currently the only risk that has been identified for the company. New Risk • Dec 11
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: د.إ363.0m (US$98.8m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risk Shareholders have been substantially diluted in the past year (over 7x increase in shares outstanding). Minor Risk Market cap is less than US$100m (د.إ363.0m market cap, or US$98.8m). Reported Earnings • Nov 15
Third quarter 2025 earnings released: EPS: د.إ0.061 (vs د.إ0.34 in 3Q 2024) Third quarter 2025 results: EPS: د.إ0.061. Revenue: د.إ213.7m (up 103% from 3Q 2024). Net income: د.إ12.8m (up 45% from 3Q 2024). Profit margin: 6.0% (down from 8.3% in 3Q 2024). The decrease in margin was driven by higher expenses. Announcement • Nov 11
Takaful Emarat - Insurance (PSC) to Report Q3, 2025 Results on Nov 13, 2025 Takaful Emarat - Insurance (PSC) announced that they will report Q3, 2025 results on Nov 13, 2025 New Risk • Nov 05
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Emirian stocks, typically moving 4.6% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Shareholders have been substantially diluted in the past year (over 6x increase in shares outstanding). Minor Risks Share price has been volatile over the past 3 months (4.6% average weekly change). Market cap is less than US$100m (د.إ341.4m market cap, or US$93.0m). Reported Earnings • Aug 07
Second quarter 2025 earnings released: EPS: د.إ0.066 (vs د.إ0.15 loss in 2Q 2024) Second quarter 2025 results: EPS: د.إ0.066 (up from د.إ0.15 loss in 2Q 2024). Revenue: د.إ197.2m (up 78% from 2Q 2024). Net income: د.إ13.9m (up د.إ17.8m from 2Q 2024). Profit margin: 7.1% (up from net loss in 2Q 2024). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 59% per year but the company’s share price has fallen by 41% per year, which means it is significantly lagging earnings. Announcement • Aug 02
Takaful Emarat - Insurance (PSC) to Report Q2, 2025 Results on Aug 06, 2025 Takaful Emarat - Insurance (PSC) announced that they will report Q2, 2025 results on Aug 06, 2025 Reported Earnings • May 16
First quarter 2025 earnings released First quarter 2025 results: Revenue: د.إ174.4m (up 115% from 1Q 2024). Net loss: د.إ4.12m (loss narrowed 54% from 1Q 2024). Over the last 3 years on average, earnings per share has increased by 19% per year but the company’s share price has fallen by 42% per year, which means it is significantly lagging earnings. New Risk • Dec 17
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: د.إ36.4m (US$9.92m) This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (20% average weekly change). Negative equity (-د.إ44m). Earnings have declined by 18% per year over the past 5 years. Market cap is less than US$10m (د.إ36.4m market cap, or US$9.92m). New Risk • Nov 24
New major risk - Revenue and earnings growth Earnings have declined by 18% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (17% average weekly change). Negative equity (-د.إ44m). Earnings have declined by 18% per year over the past 5 years. Minor Risk Market cap is less than US$100m (د.إ43.6m market cap, or US$11.9m). Reported Earnings • Nov 16
Third quarter 2024 earnings released: EPS: د.إ0.06 (vs د.إ2.35 loss in 3Q 2023) Third quarter 2024 results: EPS: د.إ0.06 (up from د.إ2.35 loss in 3Q 2023). Revenue: د.إ162.2m (up د.إ154.4m from 3Q 2023). Net income: د.إ8.78m (up د.إ69.0m from 3Q 2023). Profit margin: 5.4% (up from net loss in 3Q 2023). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 16% per year but the company’s share price has fallen by 39% per year, which means it is performing significantly worse than earnings. Announcement • Nov 09
Takaful Emarat - Insurance (PSC) to Report Q3, 2024 Results on Nov 13, 2024 Takaful Emarat - Insurance (PSC) announced that they will report Q3, 2024 results on Nov 13, 2024 New Risk • Oct 21
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 485% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Negative equity (-د.إ53m). Earnings have declined by 32% per year over the past 5 years. Shareholders have been substantially diluted in the past year (485% increase in shares outstanding). Minor Risk Share price has been volatile over the past 3 months (5.8% average weekly change). Reported Earnings • Aug 15
Second quarter 2024 earnings released: د.إ0.026 loss per share (vs د.إ0.002 profit in 2Q 2023) Second quarter 2024 results: د.إ0.026 loss per share (down from د.إ0.002 profit in 2Q 2023). Revenue: د.إ83.7m (up 51% from 2Q 2023). Net loss: د.إ3.92m (down د.إ4.18m from profit in 2Q 2023). Over the last 3 years on average, earnings per share has fallen by 45% per year but the company’s share price has only fallen by 29% per year, which means it has not declined as severely as earnings. Announcement • Aug 10
Takaful Emarat - Insurance (PSC) to Report First Half, 2024 Results on Aug 13, 2024 Takaful Emarat - Insurance (PSC) announced that they will report first half, 2024 results on Aug 13, 2024 Board Change • Apr 15
No independent directors There are 8 new directors who have joined the board in the last 3 years. Of these new board members, none were independent directors. The company's board is composed of: 8 new directors. 2 experienced directors. No highly experienced directors. No independent directors (7 non-independent directors). Chairman of Shariah Committee Abdul Al Mannaei is the most experienced director on the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Lack of board continuity. Lack of experienced directors. Announcement • Feb 06
Takaful Emarat - Insurance (PSC), Annual General Meeting, Feb 27, 2024 Takaful Emarat - Insurance (PSC), Annual General Meeting, Feb 27, 2024, at 11:00 Coordinated Universal Time. Location: Al Moosa Tower 2, 8th Floor, Sheikh Zayed Road, Dubai United Arab Emirates Agenda: To review and approve the Company's Board of Directors report which indicates the Company's capital restructuring plan including the capital reduction and the capital increase as well as the use of proceeds of the capital increase; to discuss the Company's auditor's report regarding losses, its origin, the mechanism of treating such losses, and its auditing position; and to consider other matters. New Risk • Nov 02
New major risk - Revenue and earnings growth Earnings have declined by 17% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 17% per year over the past 5 years. Minor Risk Market cap is less than US$100m (د.إ83.3m market cap, or US$22.7m). Announcement • Oct 26
Takaful Emarat - Insurance (PSC) to Report Q3, 2023 Results on Oct 27, 2023 Takaful Emarat - Insurance (PSC) announced that they will report Q3, 2023 results on Oct 27, 2023 Announcement • Aug 25
Takaful Emarat - Insurance Announces Resignation of Wael Al Sharif as CEO Takaful Emarat - Insurance announced the resignation of its CEO Wael Al Sharif. Al Sharif resigned from his position on 22 August 2023 due to personal reasons. Reported Earnings • Jul 29
First quarter 2023 earnings released: د.إ0.01 loss per share (vs د.إ0.003 profit in 1Q 2022) First quarter 2023 results: د.إ0.01 loss per share (down from د.إ0.003 profit in 1Q 2022). Revenue: د.إ48.3m (down 48% from 1Q 2022). Net loss: د.إ1.06m (down 304% from profit in 1Q 2022). Over the last 3 years on average, earnings per share has increased by 98% per year but the company’s share price has fallen by 11% per year, which means it is significantly lagging earnings. Board Change • Jul 24
No independent directors There are 9 new directors who have joined the board in the last 3 years. Of these new board members, none were independent directors. The company's board is composed of: 9 new directors. 1 experienced director. No highly experienced directors. No independent directors (7 non-independent directors). Chairman of Shariah Committee Abdul Al Mannaei is the most experienced director on the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Lack of board continuity. Lack of experienced directors. Valuation Update With 7 Day Price Move • Jun 15
Investor sentiment improves as stock rises 78% After last week's 78% share price gain to د.إ1.01, the stock trades at a trailing P/E ratio of 61.9x. Average trailing P/E is 15x in the Insurance industry in United Arab Emirates. Total loss to shareholders of 26% over the past three years. Reported Earnings • Nov 20
Third quarter 2022 earnings released: د.إ0.01 loss per share (vs د.إ0.009 profit in 3Q 2021) Third quarter 2022 results: د.إ0.01 loss per share (down from د.إ0.009 profit in 3Q 2021). Revenue: د.إ92.5m (down 35% from 3Q 2021). Net loss: د.إ1.55m (down 213% from profit in 3Q 2021). Over the last 3 years on average, earnings per share has increased by 69% per year but the company’s share price has fallen by 18% per year, which means it is significantly lagging earnings. Board Change • Nov 16
No independent directors There are 7 new directors who have joined the board in the last 3 years. Of these new board members, none were independent directors. The company's board is composed of: 7 new directors. 2 experienced directors. No highly experienced directors. No independent directors (6 non-independent directors). Chairman of Shariah Committee Abdul Al Mannaei is the most experienced director on the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Lack of board continuity. Lack of experienced directors. Reported Earnings • Aug 19
Second quarter 2022 earnings released: د.إ0.039 loss per share (vs د.إ0.017 loss in 2Q 2021) Second quarter 2022 results: د.إ0.039 loss per share (down from د.إ0.017 loss in 2Q 2021). Revenue: د.إ108.1m (down 17% from 2Q 2021). Net loss: د.إ5.88m (loss widened 127% from 2Q 2021). Over the last 3 years on average, earnings per share has increased by 36% per year but the company’s share price has fallen by 14% per year, which means it is significantly lagging earnings. Board Change • Jun 15
No independent directors There are 8 new directors who have joined the board in the last 3 years. Of these new board members, none were independent directors. The company's board is composed of: 8 new directors. 2 experienced directors. No highly experienced directors. No independent directors (7 non-independent directors). Director Ajit Joshi is the most experienced director on the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Lack of board continuity. Lack of experienced directors. Reported Earnings • May 19
First quarter 2022 earnings released: EPS: د.إ0.003 (vs د.إ0.03 loss in 1Q 2021) First quarter 2022 results: EPS: د.إ0.003 (up from د.إ0.03 loss in 1Q 2021). Revenue: د.إ114.4m (down 2.6% from 1Q 2021). Net income: د.إ516.5k (up د.إ5.07m from 1Q 2021). Profit margin: 0.5% (up from net loss in 1Q 2021). Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has fallen by 9% per year, which means it is significantly lagging earnings. Board Change • May 09
No independent directors There are 8 new directors who have joined the board in the last 3 years. Of these new board members, none were independent directors. The company's board is composed of: 8 new directors. 2 experienced directors. No highly experienced directors. No independent directors (7 non-independent directors). Director Ajit Joshi is the most experienced director on the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Lack of board continuity. Lack of experienced directors. Reported Earnings • Apr 02
Full year 2021 earnings released: د.إ0.045 loss per share (vs د.إ0.003 profit in FY 2020) Full year 2021 results: د.إ0.045 loss per share (down from د.إ0.003 profit in FY 2020). Revenue: د.إ623.4m (up 45% from FY 2020). Net loss: د.إ6.68m (down د.إ7.10m from profit in FY 2020). Over the last 3 years on average, earnings per share has fallen by 25% per year but the company’s share price has only fallen by 10% per year, which means it has not declined as severely as earnings. Reported Earnings • Nov 12
Third quarter 2021 earnings released: EPS د.إ0.009 (vs د.إ0.026 in 3Q 2020) The company reported a mediocre third quarter result with weaker earnings and profit margins, although revenues improved. Third quarter 2021 results: Revenue: د.إ171.7m (up 53% from 3Q 2020). Net income: د.إ1.37m (down 65% from 3Q 2020). Profit margin: 0.8% (down from 3.5% in 3Q 2020). Over the last 3 years on average, earnings per share has fallen by 52% per year but the company’s share price has only fallen by 8% per year, which means it has not declined as severely as earnings. Board Change • Oct 07
No independent directors There are 8 new directors who have joined the board in the last 3 years. Of these new board members, none were independent directors. The company's board is composed of: 8 new directors. 1 experienced director. No highly experienced directors. No independent directors (7 non-independent directors). Director Ajit Joshi is the most experienced director on the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Lack of board continuity. Lack of experienced directors. Reported Earnings • Aug 15
Second quarter 2021 earnings released: د.إ0.017 loss per share (vs د.إ0.011 loss in 2Q 2020) The company reported a mediocre second quarter result with increased losses and weaker control over costs, although revenues improved. Second quarter 2021 results: Revenue: د.إ156.3m (up 47% from 2Q 2020). Net loss: د.إ2.59m (loss widened 61% from 2Q 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 59 percentage points per year, which is a significant difference in performance. Reported Earnings • May 18
First quarter 2021 earnings released: د.إ0.03 loss per share (vs د.إ0.015 loss in 1Q 2020) The company reported a soft first quarter result with increased losses and weaker control over costs, although revenues improved. First quarter 2021 results: Revenue: د.إ136.7m (up 30% from 1Q 2020). Net loss: د.إ4.56m (loss widened 109% from 1Q 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 76 percentage points per year, which is a significant difference in performance. Reported Earnings • Apr 02
Full year 2020 earnings released: EPS د.إ0.003 (vs د.إ0.25 loss in FY 2019) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: د.إ506.5m (up 22% from FY 2019). Net income: د.إ413.0k (up د.إ38.3m from FY 2019). Profit margin: 0.1% (up from net loss in FY 2019). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 82 percentage points per year, which is a significant difference in performance. Reported Earnings • Nov 20
Third quarter 2020 earnings released: EPS د.إ0.026 The company reported a decent third quarter result with improved earnings and profit margins, although revenues were weaker. Third quarter 2020 results: Revenue: د.إ112.0m (down 21% from 3Q 2019). Net income: د.إ3.93m (up د.إ23.0m from 3Q 2019). Profit margin: 3.5% (up from net loss in 3Q 2019). The move to profitability was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 96% per year but the company’s share price has only fallen by 7% per year, which means it has not declined as severely as earnings. 