Air Arabia PJSC Balance Sheet

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
Cash & Equivalents	1,073	700.23	5,246	4,736	3,878
Short-Term Investments	4,126	4,619	-	-	-
Cash & Short-Term Investments	5,199	5,320	5,246	4,736	3,878
Cash Growth	-2.27%	1.39%	10.77%	22.13%	21.23%
Receivables	375.51	365.84	400.93	548.05	354.26
Inventory	97.04	53.46	48.72	32.75	23.5
Prepaid Expenses	22.75	26.02	30.52	23.2	14.19
Other Current Assets	498.13	432.43	427.13	291.6	370.89
Total Current Assets	6,192	6,197	6,154	5,632	4,641
Property, Plant & Equipment	6,643	5,446	5,528	6,048	6,493
Long-Term Investments	820.91	646.77	436.19	199.37	193.51
Goodwill	198.52	198.52	198.52	198.52	198.52
Other Intangible Assets	1,164	1,152	1,147	1,140	1,134
Long-Term Accounts Receivable	366.02	199.2	138.84	461.12	128.66
Long-Term Deferred Charges	9.25	14.23	19.29	24.63	30.97
Other Long-Term Assets	2,305	1,507	1,052	734.14	487.34
Total Assets	17,699	15,361	14,675	14,437	13,306
Accounts Payable	352.48	237.22	288.03	398.89	253.8
Accrued Expenses	1,962	1,221	1,383	1,154	992.47
Short-Term Debt	-	-	-	-	37.63
Current Portion of Long-Term Debt	393.73	376	95.08	108.88	-
Current Portion of Leases	262.67	249.23	585.44	622.23	652.43
Current Income Taxes Payable	150.09	141.51	-	-	-
Current Unearned Revenue	1,256	983.89	617.92	513.67	492.13
Other Current Liabilities	1,280	1,036	1,114	909.67	724.04
Total Current Liabilities	5,657	4,244	4,083	3,707	3,153
Long-Term Debt	1,121	683.17	30.61	30.6	-
Long-Term Leases	1,004	793.05	1,568	2,126	2,584
Pension & Post-Retirement Benefits	271.2	239.72	208.18	170.02	144.64
Other Long-Term Liabilities	1,236	1,449	1,250	1,407	1,350
Total Liabilities	9,289	7,409	7,139	7,441	7,231
Common Stock	4,667	4,667	4,667	4,667	4,667
Retained Earnings	3,791	3,329	2,796	1,949	1,124
Comprehensive Income & Other	-49.01	-45.79	71.54	379.77	284.74
Total Common Equity	8,409	7,950	7,534	6,995	6,075
Minority Interest	1.29	1.73	1.08	0.52	-
Shareholders' Equity	8,410	7,952	7,535	6,996	6,075
Total Liabilities & Equity	17,699	15,361	14,675	14,437	13,306
Total Debt	2,781	2,101	2,279	2,888	3,274
Net Cash (Debt)	2,417	3,218	2,967	1,848	603.77
Net Cash Growth	-24.88%	8.45%	60.57%	206.09%	-
Net Cash Per Share	0.52	0.69	0.64	0.40	0.13
Filing Date Shares Outstanding	4,667	4,667	4,667	4,667	4,667
Total Common Shares Outstanding	4,667	4,667	4,667	4,667	4,667
Working Capital	535.53	1,953	2,070	1,925	1,488
Book Value Per Share	1.80	1.70	1.61	1.50	1.30
Tangible Book Value	7,046	6,600	6,188	5,657	4,743
Tangible Book Value Per Share	1.51	1.41	1.33	1.21	1.02
Land	89.04	89.04	89.04	89.04	89.04
Buildings	724.35	698.68	697.62	694.84	676.57
Machinery	10,733	9,565	9,429	9,358	9,297
Construction In Progress	452.31	84.25	16.71	14.82	22.88

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