MAIR Group - P.J.S.C. (ADX:MAIR)

MAIR Group - P.J.S.C. Balance Sheet

Financials in millions AED. Fiscal year is January - December.

Assets

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Cash & Equivalents	180.3	385.18	504.3	776.62	200.79	179.54
Short-Term Investments	16.09	14.09	12.77	11.51	47.34	78.77
Trading Asset Securities	55.61	55.61	65.63	89.14	83.74	78.47
Cash & Short-Term Investments	251.99	454.88	582.7	877.26	331.88	336.78
Cash Growth	-33.04%	-21.94%	-33.58%	164.34%	-1.46%	-
Accounts Receivable	57.56	48.13	58.49	84.34	8.8	1.59
Other Receivables	108.38	117.54	167.11	67.09	-	-
Receivables	165.94	165.67	225.59	151.42	8.8	1.59
Inventory	184.66	186.75	204.43	247.58	144.62	139.04
Prepaid Expenses	19.55	16.38	23.96	40.43	9.49	27.3
Other Current Assets	132.44	16.4	129.81	258.72	-	-
Total Current Assets	754.58	840.08	1,166	1,575	494.79	504.7
Property, Plant & Equipment	1,528	1,401	1,444	1,360	571.92	460.96
Long-Term Investments	259.3	224.14	246.44	310.53	56.82	52.77
Goodwill	930.01	930.01	930.01	1,009	50	50
Other Intangible Assets	30.88	31.59	28.98	77.55	-	-
Other Long-Term Assets	2,451	2,184	1,857	1,770	1,454	369.68
Total Assets	5,954	5,611	5,673	6,103	2,628	1,438

Liabilities

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Accounts Payable	344.86	157.09	216.89	240.8	122.15	160.28
Accrued Expenses	5.52	10.84	9.77	13.42	4.96	12.83
Short-Term Debt	-	-	-	43.43	-	-
Current Portion of Long-Term Debt	-	-	13	2.05	51.49	-
Current Portion of Leases	83.39	83.16	86.37	65.56	74.33	58.2
Current Income Taxes Payable	27.11	21.37	16.92	-	-	-
Current Unearned Revenue	30.19	31.2	41.48	42.55	-	-
Other Current Liabilities	203.85	205.16	240.93	215.07	72.01	79.46
Total Current Liabilities	694.92	508.81	625.35	622.87	324.93	310.77
Long-Term Debt	-	-	157.79	723.05	687.34	-
Long-Term Leases	808.76	724.79	608.53	560.38	132.91	197.59
Pension & Post-Retirement Benefits	28.86	26.73	27.47	33.5	17.38	20.3
Total Liabilities	1,605	1,260	1,419	1,940	1,163	528.65

Shareholders' Equity

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Common Stock	1,115	1,115	1,115	899.19	381.4	256.4
Additional Paid-In Capital	2,300	2,300	2,300	1,593	289.5	-
Retained Earnings	823.68	825.13	770.03	867.47	921.82	787.44
Comprehensive Income & Other	109.84	110.17	68.6	803.7	-127.29	-134.39
Shareholders' Equity	4,349	4,351	4,254	4,163	1,465	909.46
Total Liabilities & Equity	5,954	5,611	5,673	6,103	2,628	1,438

Additional Metrics

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Total Debt	892.15	807.95	865.69	1,394	946.06	255.79
Net Cash (Debt)	-640.16	-353.07	-282.99	-517.2	-614.19	80.99
Net Cash Growth	-	-	-	-	-	-
Net Cash Per Share	-0.29	-0.16	-0.13	-0.53	-0.81	-
Filing Date Shares Outstanding	2,231	2,231	2,231	1,798	762.81	-
Total Common Shares Outstanding	2,231	2,231	2,231	1,798	762.81	-
Working Capital	59.66	331.27	541.14	952.54	169.86	193.93
Book Value Per Share	1.95	1.95	1.91	2.32	1.92	-
Tangible Book Value	3,388	3,389	3,295	3,077	1,415	859.46
Tangible Book Value Per Share	1.52	1.52	1.48	1.71	1.86	-
Land	-	477.5	509.36	453.5	167.46	103.38
Machinery	-	222.08	210.22	219.16	121.62	107.95
Construction In Progress	-	26.58	151.01	151.43	110.19	26.87
Leasehold Improvements	-	342.61	308.12	290.48	249.46	243.71

Data Source: S&P Global Market Intelligence Last updated: Aug 12, 2026

Financial data is provided by S&P Global Market Intelligence and updates within hours after each earnings release, which is every three months for this company.

Update frequency:

Quarterly

Last checked:

Sep 18, 2026

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