Announcement • Aug 05
Watania International Holding PJSC to Report First Half, 2026 Results on Aug 10, 2026 Watania International Holding PJSC announced that they will report first half, 2026 results on Aug 10, 2026 Board Change • Jul 08
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 9 experienced directors. No highly experienced directors. was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Reported Earnings • May 16
First quarter 2026 earnings released: د.إ0.019 loss per share (vs د.إ0.008 loss in 1Q 2025) First quarter 2026 results: د.إ0.019 loss per share (further deteriorated from د.إ0.008 loss in 1Q 2025). Revenue: د.إ7.79m (down 96% from 1Q 2025). Net loss: د.إ4.98m (loss widened 143% from 1Q 2025). Over the last 3 years on average, earnings per share has increased by 97% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings. Announcement • May 09
Watania International Holding PJSC to Report Q1, 2026 Results on May 13, 2026 Watania International Holding PJSC announced that they will report Q1, 2026 results on May 13, 2026 Reported Earnings • Apr 04
Full year 2025 earnings released: EPS: د.إ0.13 (vs د.إ0.051 in FY 2024) Full year 2025 results: EPS: د.إ0.13 (up from د.إ0.051 in FY 2024). Revenue: د.إ85.2m (down 91% from FY 2024). Net income: د.إ34.4m (up 159% from FY 2024). Profit margin: 40% (up from 1.5% in FY 2024). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 102% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings. Announcement • Apr 03
Watania International Holding PJSC, Annual General Meeting, Apr 24, 2026 Watania International Holding PJSC, Annual General Meeting, Apr 24, 2026, at 14:00 Arabian Standard Time. Location: dubai United Arab Emirates Announcement • Mar 18
Watania International Holding PJSC to Report Fiscal Year 2025 Results on Mar 23, 2026 Watania International Holding PJSC announced that they will report fiscal year 2025 results on Mar 23, 2026 Reported Earnings • Nov 16
Third quarter 2025 earnings released: EPS: د.إ0.056 (vs د.إ0.004 in 3Q 2024) Third quarter 2025 results: EPS: د.إ0.056 (up from د.إ0.004 in 3Q 2024). Revenue: د.إ263.6m (up 14% from 3Q 2024). Net income: د.إ14.5m (up د.إ13.4m from 3Q 2024). Profit margin: 5.5% (up from 0.5% in 3Q 2024). Over the last 3 years on average, earnings per share has increased by 95% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings. Announcement • Nov 08
Watania International Holding PJSC to Report Q3, 2025 Results on Nov 12, 2025 Watania International Holding PJSC announced that they will report Q3, 2025 results on Nov 12, 2025 Reported Earnings • Aug 15
Second quarter 2025 earnings released: EPS: د.إ0.029 (vs د.إ0.006 in 2Q 2024) Second quarter 2025 results: EPS: د.إ0.029 (up from د.إ0.006 in 2Q 2024). Revenue: د.إ215.8m (down 3.8% from 2Q 2024). Net income: د.إ7.48m (up 389% from 2Q 2024). Profit margin: 3.5% (up from 0.7% in 2Q 2024). Over the last 3 years on average, earnings per share has increased by 78% per year but the company’s share price has fallen by 11% per year, which means it is significantly lagging earnings. Announcement • Aug 09
Watania International Holding PJSC to Report Q2, 2025 Results on Aug 12, 2025 Watania International Holding PJSC announced that they will report Q2, 2025 results on Aug 12, 2025 New Risk • May 17
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 0.6% Last year net profit margin: 1.9% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 23% per year over the past 5 years. Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (0.6% net profit margin). Market cap is less than US$100m (د.إ168.0m market cap, or US$45.7m). Announcement • May 09
Watania International Holding PJSC to Report Q1, 2025 Results on May 14, 2025 Watania International Holding PJSC announced that they will report Q1, 2025 results on May 14, 2025 Reported Earnings • Mar 24
Full year 2024 earnings released: EPS: د.إ0.051 (vs د.إ0.051 in FY 2023) Full year 2024 results: EPS: د.إ0.051 (in line with FY 2023). Revenue: د.إ900.6m (down 8.8% from FY 2023). Net income: د.إ13.3m (flat on FY 2023). Profit margin: 1.5% (up from 1.3% in FY 2023). Over the last 3 years on average, earnings per share has fallen by 1% per year but the company’s share price has fallen by 17% per year, which means it is performing significantly worse than earnings. Announcement • Mar 07
Watania International Holding PJSC to Report Fiscal Year 2024 Results on Mar 12, 2025 Watania International Holding PJSC announced that they will report fiscal year 2024 results on Mar 12, 2025 Reported Earnings • Feb 16
Full year 2024 earnings released: EPS: د.إ0.058 (vs د.إ0.051 in FY 2023) Full year 2024 results: EPS: د.إ0.058 (up from د.إ0.051 in FY 2023). Revenue: د.إ905.8m (down 8.3% from FY 2023). Net income: د.إ14.6m (up 10% from FY 2023). Profit margin: 1.6% (up from 1.3% in FY 2023). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has remained flat but the company’s share price has fallen by 17% per year, which means it is significantly lagging earnings. Reported Earnings • Nov 13
Third quarter 2024 earnings released: EPS: د.إ0.004 (vs د.إ0.01 loss in 3Q 2023) Third quarter 2024 results: EPS: د.إ0.004 (up from د.إ0.01 loss in 3Q 2023). Revenue: د.إ231.7m (up 6.2% from 3Q 2023). Net income: د.إ1.06m (up د.إ3.78m from 3Q 2023). Profit margin: 0.5% (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 35% per year but the company’s share price has only fallen by 13% per year, which means it has not declined as severely as earnings. Announcement • Nov 09
Watania International Holding PJSC to Report Q3, 2024 Results on Nov 12, 2024 Watania International Holding PJSC announced that they will report Q3, 2024 results on Nov 12, 2024 Reported Earnings • Aug 15
Second quarter 2024 earnings released: EPS: د.إ0.008 (vs د.إ0.004 loss in 2Q 2023) Second quarter 2024 results: EPS: د.إ0.008 (up from د.إ0.004 loss in 2Q 2023). Revenue: د.إ228.3m (down 7.9% from 2Q 2023). Net income: د.إ2.03m (up د.إ3.14m from 2Q 2023). Profit margin: 0.9% (up from net loss in 2Q 2023). The move to profitability was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 58% per year but the company’s share price has only fallen by 20% per year, which means it has not declined as severely as earnings. Announcement • Aug 09
Watania International Holding PJSC to Report Q2, 2024 Results on Aug 13, 2024 Watania International Holding PJSC announced that they will report Q2, 2024 results on Aug 13, 2024 New Risk • Jul 26
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 6.0% 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 Earnings have declined by 34% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (6.0% average weekly change). Market cap is less than US$100m (د.إ144.4m market cap, or US$39.3m). Reported Earnings • May 18
First quarter 2024 earnings released: EPS: د.إ0.023 (vs د.إ0.011 loss in 1Q 2023) First quarter 2024 results: EPS: د.إ0.023 (up from د.إ0.011 loss in 1Q 2023). Revenue: د.إ177.3m (down 33% from 1Q 2023). Net income: د.إ5.91m (up د.إ8.66m from 1Q 2023). Profit margin: 3.3% (up from net loss in 1Q 2023). The move to profitability was driven by lower expenses. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 54 percentage points per year, which is a significant difference in performance. Announcement • May 11
Watania International Holding PJSC to Report Q1, 2024 Results on May 14, 2024 Watania International Holding PJSC announced that they will report Q1, 2024 results on May 14, 2024 Reported Earnings • Mar 27
Full year 2023 earnings released: EPS: د.إ0.051 (vs د.إ0.21 loss in FY 2022) Full year 2023 results: EPS: د.إ0.051 (up from د.إ0.21 loss in FY 2022). Revenue: د.إ990.5m (up 78% from FY 2022). Net income: د.إ13.3m (up د.إ68.3m from FY 2022). Profit margin: 1.3% (up from net loss in FY 2022). The move to profitability was driven by higher revenue. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 74 percentage points per year, which is a significant difference in performance. Announcement • Mar 14
Watania International Holding PJSC to Report Fiscal Year 2023 Results on Mar 18, 2024 Watania International Holding PJSC announced that they will report fiscal year 2023 results on Mar 18, 2024 New Risk • Mar 14
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 6.5% 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 Earnings have declined by 49% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (6.5% average weekly change). Market cap is less than US$100m (د.إ159.2m market cap, or US$43.3m). New Risk • Feb 07
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 5.9% 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 Earnings have declined by 49% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (5.9% average weekly change). Market cap is less than US$100m (د.إ179.0m market cap, or US$48.7m). New Risk • Jan 27
New major risk - Revenue and earnings growth Earnings have declined by 49% 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 49% per year over the past 5 years. Minor Risk Market cap is less than US$100m (د.إ179.5m market cap, or US$48.9m). New Risk • Nov 29
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 5.9% 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: Minor Risks Share price has been volatile over the past 3 months (5.9% average weekly change). Market cap is less than US$100m (د.إ155.8m market cap, or US$42.4m). Reported Earnings • Nov 16
Third quarter 2023 earnings released: د.إ0.01 loss per share (vs د.إ0.064 loss in 3Q 2022) Third quarter 2023 results: د.إ0.01 loss per share (improved from د.إ0.064 loss in 3Q 2022). Revenue: د.إ218.2m (up 26% from 3Q 2022). Net loss: د.إ2.72m (loss narrowed 84% from 3Q 2022). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 73 percentage points per year, which is a significant difference in performance. New Risk • Aug 17
New major risk - Revenue and earnings growth Earnings have declined by 24% 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 24% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (7.8% average weekly change). Market cap is less than US$100m (د.إ189.1m market cap, or US$51.5m). Reported Earnings • Aug 17
Second quarter 2023 earnings released: د.إ0.004 loss per share (vs د.إ0.11 loss in 2Q 2022) Second quarter 2023 results: د.إ0.004 loss per share (improved from د.إ0.11 loss in 2Q 2022). Revenue: د.إ258.7m (up 140% from 2Q 2022). Net loss: د.إ1.11m (loss narrowed 93% from 2Q 2022). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 92 percentage points per year, which is a significant difference in performance. Announcement • Aug 12
Watania International Holding PJSC to Report Q2, 2023 Results on Aug 14, 2023 Watania International Holding PJSC announced that they will report Q2, 2023 results on Aug 14, 2023 Reported Earnings • Mar 24
Full year 2022 earnings released: د.إ0.21 loss per share (vs د.إ0.14 profit in FY 2021) Full year 2022 results: د.إ0.21 loss per share (down from د.إ0.14 profit in FY 2021). Revenue: د.إ793.8m (up 60% from FY 2021). Net loss: د.إ55.0m (down 355% from profit in FY 2021). Over the last 3 years on average, earnings per share has fallen by 47% per year but the company’s share price has increased by 13% per year, which means it is well ahead of earnings. Board Change • Nov 16
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 10 experienced directors. 1 highly experienced director. No independent directors (8 non-independent directors). Director Salah Sharaf was the last director to join the board, commencing their role in 2011. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Reported Earnings • May 19
First quarter 2022 earnings released: EPS: د.إ0.038 (vs د.إ0.048 in 1Q 2021) First quarter 2022 results: EPS: د.إ0.038 (down from د.إ0.048 in 1Q 2021). Revenue: د.إ145.2m (up 25% from 1Q 2021). Net income: د.إ5.70m (down 21% from 1Q 2021). Profit margin: 3.9% (down from 6.2% in 1Q 2021). Over the last 3 years on average, earnings per share has increased by 57% per year but the company’s share price has only increased by 32% per year, which means it is significantly lagging earnings growth. Board Change • Apr 28
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 10 experienced directors. 1 highly experienced director. No independent directors (8 non-independent directors). Director Salah Sharaf was the last director to join the board, commencing their role in 2011. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Reported Earnings • Mar 19
Full year 2021 earnings: Revenues and EPS in line with analyst expectations Full year 2021 results: EPS: د.إ0.14 (down from د.إ0.15 in FY 2020). Revenue: د.إ676.0m (up 56% from FY 2020). Net income: د.إ21.6m (down 4.7% from FY 2020). Profit margin: 3.2% (down from 5.2% in FY 2020). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has increased by 63% per year but the company’s share price has only increased by 32% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Feb 21
Investor sentiment improved over the past week After last week's 20% share price gain to د.إ1.37, the stock trades at a trailing P/E ratio of 11.6x. Average trailing P/E is 11x in the Insurance industry in United Arab Emirates. Total returns to shareholders of 213% over the past three years. Valuation Update With 7 Day Price Move • Dec 11
Investor sentiment improved over the past week After last week's 18% share price gain to د.إ1.46, the stock trades at a trailing P/E ratio of 12.4x. Average trailing P/E is 12x in the Insurance industry in United Arab Emirates. Total returns to shareholders of 265% over the past three years. Valuation Update With 7 Day Price Move • Nov 25
Investor sentiment improved over the past week After last week's 15% share price gain to د.إ1.22, the stock trades at a trailing P/E ratio of 10.3x. Average trailing P/E is 10x in the Insurance industry in United Arab Emirates. Total returns to shareholders of 185% over the past three years. Reported Earnings • Nov 21
Third quarter 2021 earnings released: EPS د.إ0.008 (vs د.إ0.10 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.إ164.3m (up 37% from 3Q 2020). Net income: د.إ1.13m (down 92% from 3Q 2020). Profit margin: 0.7% (down from 13% in 3Q 2020). Over the last 3 years on average, earnings per share has increased by 60% per year but the company’s share price has only increased by 22% per year, which means it is significantly lagging earnings growth. Reported Earnings • Aug 20
Second quarter 2021 earnings released: EPS د.إ0.048 (vs د.إ0.02 in 2Q 2020) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: د.إ176.3m (up 115% from 2Q 2020). Net income: د.إ7.13m (up 143% from 2Q 2020). Profit margin: 4.0% (up from 3.6% in 2Q 2020). Over the last 3 years on average, earnings per share has increased by 58% per year but the company’s share price has only increased by 16% per year, which means it is significantly lagging earnings growth. Reported Earnings • May 17
First quarter 2021 earnings released: EPS د.إ0.048 (vs د.إ0.017 in 1Q 2020) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: د.إ161.0m (up 120% from 1Q 2020). Net income: د.إ7.26m (up 185% from 1Q 2020). Profit margin: 4.5% (up from 3.5% in 1Q 2020). Over the last 3 years on average, earnings per share has increased by 41% per year but the company’s share price has only increased by 15% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Apr 04
Investor sentiment improved over the past week After last week's 16% share price gain to د.إ1.06, the stock trades at a trailing P/E ratio of 7x. Average trailing P/E is 9x in the Insurance industry in United Arab Emirates. Total returns to shareholders of 59% over the past three years. Reported Earnings • Apr 02
Full year 2020 earnings released: EPS د.إ0.15 (vs د.إ0.033 in FY 2019) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: د.إ543.7m (up 183% from FY 2019). Net income: د.إ22.6m (up 362% from FY 2019). Profit margin: 4.2% (up from 2.6% in FY 2019). Over the last 3 years on average, earnings per share has increased by 19% per year whereas the company’s share price has increased by 15% per year. Is New 90 Day High Low • Mar 15
New 90-day low: د.إ0.87 The company is down 10.0% from a price of د.إ0.97 on 15 December 2020. Underperformed the Emirian market, which is up 6.0% over the last 90 days. Lagged the Insurance industry, which is down 1.0% over the same period. Is New 90 Day High Low • Feb 02
New 90-day low: د.إ0.89 The company is down 4.0% from its price of د.إ0.93 on 04 November 2020. The Emirian market is up 18% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Insurance industry, which is up 5.0% over the same period.