Air Arabia PJSC Income Statement

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

Millions AED. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Revenue	7,788	6,766	6,000	5,242	3,174
Revenue Growth (YoY)	15.10%	12.77%	14.46%	65.14%	71.48%
Cost of Revenue	6,088	5,203	4,343	3,810	2,291
Gross Profit	1,699	1,563	1,657	1,432	882.87
Selling, General & Admin	429.87	378.81	418	354.52	239.92
Operating Expenses	429.87	378.81	418	354.52	239.92
Operating Income	1,270	1,184	1,239	1,077	642.96
Interest Expense	-66.67	-82.09	-102.46	-115.46	-137.76
Interest & Investment Income	240.77	250.7	209.99	88.87	62.88
Earnings From Equity Investments	189.98	124.75	88.12	36.23	89.7
Other Non Operating Income (Expenses)	197.13	131.68	113.47	82.74	62.15
EBT Excluding Unusual Items	1,831	1,609	1,548	1,169	719.93
Gain (Loss) on Sale of Investments	-	-	-	9.84	-
Gain (Loss) on Sale of Assets	-	-	-	43.03	-
Pretax Income	1,831	1,609	1,548	1,222	719.93
Income Tax Expense	202.05	141.51	-	-	-
Earnings From Continuing Operations	1,629	1,468	1,548	1,222	719.93
Minority Interest in Earnings	-0.26	-0.64	-0.56	-0.52	-
Net Income	1,628	1,467	1,547	1,222	719.93
Net Income to Common	1,628	1,467	1,547	1,222	719.93
Net Income Growth	11.01%	-5.18%	26.63%	69.71%	-
Shares Outstanding (Basic)	4,667	4,667	4,667	4,667	4,667
Shares Outstanding (Diluted)	4,667	4,667	4,667	4,667	4,667
EPS (Basic)	0.35	0.31	0.33	0.26	0.15
EPS (Diluted)	0.35	0.31	0.33	0.26	0.15
EPS Growth	11.01%	-5.18%	26.63%	69.71%	-
Free Cash Flow	532.8	1,699	1,926	1,932	1,896
Free Cash Flow Per Share	0.11	0.36	0.41	0.41	0.41
Dividend Per Share	-	0.250	0.200	0.150	0.085
Dividend Growth	-	25.00%	33.33%	76.47%	-
Gross Margin	21.82%	23.10%	27.61%	27.31%	27.82%
Operating Margin	16.30%	17.50%	20.64%	20.55%	20.26%
Profit Margin	20.91%	21.68%	25.79%	23.31%	22.68%
Free Cash Flow Margin	6.84%	25.11%	32.10%	36.85%	59.74%
EBITDA	1,709	1,685	1,767	1,612	1,174
EBITDA Margin	21.95%	24.91%	29.45%	30.75%	36.98%
D&A For EBITDA	439.64	501.38	528.55	534.72	530.68
EBIT	1,270	1,184	1,239	1,077	642.96
EBIT Margin	16.30%	17.50%	20.64%	20.55%	20.26%
Effective Tax Rate	11.04%	8.79%	-	-	-
Advertising Expenses	44.33	46.1	37.66	29.66	17.82

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.