Orient Takaful

1. Company Overview & Earnings Context

Orient Takaful PJSC is a Dubai Financial Market (DFM)-listed Islamic insurance company providing a wide range of takaful solutions, including motor, medical, property, engineering, marine, and general insurance products across the UAE. During H1 2026, the company delivered another strong financial performance, supported by robust growth in takaful contributions, stronger underwriting performance, and higher shareholder profitability. Continued growth in operating cash flows, liquidity, and shareholders' equity further strengthened the company's financial position during the first half of 2026.

2. Financial Performance Snapshot

• Takaful Contract Revenue: AED 734.9 Million (+25.0% YoY)

• Takaful Service Result: AED 177.0 Million (+36.6% YoY)

• Profit Before Tax: AED 59.3 Million (+71.0% YoY)

• Corporate Tax Expense: AED 8.3 Million

• Net Profit: AED 51.1 Million (+68.9% YoY)

• Earnings Per Share (EPS): AED 25.53 (vs. AED 15.11 YoY)

Compared with H1 2025:

• Takaful contract revenue increased 25.0% to AED 734.9 million.

• Takaful service result increased 36.6% to AED 177.0 million.

• Profit before tax increased 71.0% to AED 59.3 million.

• Net profit increased 68.9% to AED 51.1 million.

• Earnings per share increased from AED 15.11 to AED 25.53.

3. Operational Highlights & Key Metrics

• Total Assets: AED 2.06 Billion

• Total Shareholders' Equity: AED 477.7 Million

• Cash & Cash Equivalents: AED 179.0 Million

• Wakala Deposits: AED 768.1 Million

• Net Cash Generated from Operating Activities: AED 145.0 Million

• Takaful Contract Liabilities: AED 1.41 Billion

• Retakaful Contract Assets: AED 959.5 Million

• Total Shareholders' Assets: AED 532.4 Million

• Share Capital: AED 200 Million

• Retained Earnings: AED 232.6 Million

4. Key Performance Drivers

Orient Takaful's H1 2026 performance was driven by strong growth in takaful contract revenue, reflecting healthy underwriting activity across its insurance portfolio. The company also delivered a significant improvement in its takaful service result, supported by disciplined claims management and higher wakala fee income. Combined with continued growth in wakala deposit income and robust operating cash flow generation, these factors enabled the company to deliver strong earnings growth while further strengthening its balance sheet and liquidity position.

5. Outlook & Forward Guidance

Management remains focused on expanding its takaful business while maintaining prudent underwriting standards, disciplined risk management, and a strong capital position. Supported by substantial wakala deposits, healthy operating cash flows and a solid liquidity profile, the company is well-positioned to continue growing its insurance portfolio and delivering sustainable long-term returns for shareholders.

6. Investor Takeaway

Orient Takaful delivered another impressive first-half performance, with strong double-digit growth in revenue, underwriting profitability, and net earnings. Backed by a robust balance sheet, healthy cash generation, growing shareholders' equity and disciplined capital management, the company continues to strengthen its position within the UAE's takaful sector and remains well-positioned for sustainable future growth.