Air Arabia PJSC (DFM:AIRARABIA)
United Arab Emirates flag United Arab Emirates · Delayed Price · Currency is AED
5.35
+0.05 (0.94%)
Oct 28, 2026, 3:00 PM GST

Air Arabia PJSC Financials Overview

Millions AED. Fiscal year is Jan - Dec.

Revenue & Profits

Fiscal Year
TTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingJun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Revenue
7,7497,7886,7666,0005,2423,174
Revenue Growth
9.21%15.10%12.77%14.46%65.14%71.48%
Gross Profit
1,3951,6991,5631,6571,432882.87
Operating Income
9431,2701,1841,2391,077642.96
Net Income
1,3101,6281,4671,5471,222719.93
Earnings Per Share
0.280.350.310.330.260.15
EPS Growth
-12.16%11.01%-5.18%26.63%69.71%-

Revenue by Segment

Fiscal Year
TTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingJun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Airline
7,3087,3606,2315,6674,9772,980
Other Segments
549.05535.32486.04396.64329.14212.47
Eliminations
-107.5-107.61-78.3-64.18-64.57-18.47
Total
7,7497,7886,6396,0005,2423,174

Cash & Debt

Fiscal Year
CurrentFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingJun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Cash & Investments
4,3855,1995,3205,2464,7363,878
Total Debt
3,8212,7812,1012,2792,8883,274
Net Cash (Debt)
564.132,4173,2182,9671,848603.77
Net Cash Growth
-80.02%-24.88%8.45%60.57%206.09%-
Net Cash Per Share
0.120.520.690.640.400.13

Cash Flow & CapEx

Fiscal Year
TTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingJun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Operating Cash Flow
2,3652,8602,2792,3042,1881,949
Capital Expenditures
-2,839-2,328-579.65-378.04-256.03-52.46
Free Cash Flow
-473.17532.81,6991,9261,9321,896
Free Cash Flow Growth
--68.64%-11.79%-0.29%1.88%150.69%

Margins

Fiscal Year
TTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingJun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Gross Margin
18.00%21.82%23.10%27.61%27.31%27.82%
Operating Margin
12.17%16.30%17.50%20.64%20.55%20.26%
Pretax Margin
18.52%23.51%23.78%25.80%23.32%22.68%
Profit Margin
16.90%20.91%21.68%25.79%23.31%22.68%
FCF Margin
-6.11%6.84%25.11%32.10%36.85%59.74%

Dividends

Fiscal Year
CurrentFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingOct '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Dividend Per Share
0.3000.3000.2500.2000.1500.085
Dividend Per Share Growth
20.00%20.00%25.00%33.33%76.47%-
Dividend Yield
5.61%6.44%8.12%7.09%6.98%5.86%

Valuation

Fiscal Year
CurrentFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingOct '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
PE Ratio
19.0613.359.808.518.219.40
Forward PE
20.0412.439.688.2411.3218.13
P/FCF Ratio
-40.828.466.835.193.57
PS Ratio
3.192.792.122.191.912.13