Air Arabia PJSC (DFM:AIRARABIA)

Air Arabia PJSC Balance Sheet

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Mar 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Cash & Equivalents	1,359	5,320	5,246	4,736	3,878	3,149
Short-Term Investments	3,983	-	-	-	-	50
Cash & Short-Term Investments	5,342	5,320	5,246	4,736	3,878	3,199
Cash Growth	6.57%	1.39%	10.77%	22.13%	21.23%	7.53%
Receivables	968.58	365.84	400.93	548.05	354.26	324.25
Inventory	63.39	53.46	48.72	32.75	23.5	25.57
Prepaid Expenses	-	26.02	30.52	23.2	14.19	6.37
Other Current Assets	-	432.43	427.13	291.6	370.89	167.12
Total Current Assets	6,374	6,197	6,154	5,632	4,641	3,722
Property, Plant & Equipment	5,499	5,446	5,528	6,048	6,493	6,942
Long-Term Investments	612	646.77	436.19	199.37	193.51	103.43
Goodwill	-	198.52	198.52	198.52	198.52	198.52
Other Intangible Assets	1,353	1,152	1,147	1,140	1,134	1,126
Long-Term Accounts Receivable	183.28	199.2	138.84	461.12	128.66	61.05
Long-Term Deferred Charges	12.95	14.23	19.29	24.63	30.97	33.48
Other Long-Term Assets	1,936	1,507	1,052	734.14	487.34	466.25
Total Assets	15,971	15,361	14,675	14,437	13,306	12,653
Accounts Payable	3,570	237.22	288.03	398.89	253.8	309.88
Accrued Expenses	268.97	1,216	1,383	1,154	992.47	671.78
Short-Term Debt	-	-	-	-	37.63	551.95
Current Portion of Long-Term Debt	7.69	15.38	95.08	108.88	-	-
Current Portion of Leases	526.08	609.84	585.44	622.23	652.43	659.64
Current Income Taxes Payable	191.72	141.51	-	-	-	-
Current Unearned Revenue	945.06	983.89	617.92	513.67	492.13	301.4
Other Current Liabilities	570.45	1,182	1,114	909.67	724.04	654.29
Total Current Liabilities	6,080	4,386	4,083	3,707	3,153	3,149
Long-Term Debt	-	-	30.61	30.6	-	-
Long-Term Leases	1,511	1,476	1,568	2,126	2,584	3,073
Other Long-Term Liabilities	1,047	1,308	1,250	1,407	1,350	1,792
Total Liabilities	8,890	7,409	7,139	7,441	7,231	8,145
Common Stock	4,667	4,667	4,667	4,667	4,667	4,667
Retained Earnings	2,468	3,329	2,796	1,949	1,124	401.77
Comprehensive Income & Other	-55.54	-45.79	71.54	379.77	284.74	-560.55
Total Common Equity	7,079	7,950	7,534	6,995	6,075	4,508
Minority Interest	1.76	1.73	1.08	0.52	-	-
Shareholders' Equity	7,081	7,952	7,535	6,996	6,075	4,508
Total Liabilities & Equity	15,971	15,361	14,675	14,437	13,306	12,653
Total Debt	2,044	2,101	2,279	2,888	3,274	4,284
Net Cash (Debt)	3,298	3,218	2,967	1,848	603.77	-1,085
Net Cash Growth	19.99%	8.45%	60.57%	206.09%	-	-
Net Cash Per Share	0.71	0.69	0.64	0.40	0.13	-0.23
Filing Date Shares Outstanding	4,667	4,667	4,667	4,667	4,667	4,667
Total Common Shares Outstanding	4,667	4,667	4,667	4,667	4,667	4,667
Working Capital	294.21	1,812	2,070	1,925	1,488	573.32
Book Value Per Share	1.52	1.70	1.61	1.50	1.30	0.97
Tangible Book Value	5,726	6,600	6,188	5,657	4,743	3,184
Tangible Book Value Per Share	1.23	1.41	1.33	1.21	1.02	0.68
Land	-	89.04	89.04	89.04	89.04	89.04
Buildings	-	698.68	697.62	694.84	676.57	675.86
Machinery	-	9,565	9,429	9,358	9,297	9,255
Construction In Progress	-	84.25	16.71	14.82	22.88	36.39

Updated Feb 13, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.