Air Arabia PJSC Balance Sheet

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

Millions AED. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Cash & Equivalents	666.09	5,320	5,246	4,736	3,878	3,149
Short-Term Investments	4,408	-	-	-	-	50
Cash & Short-Term Investments	5,074	5,320	5,246	4,736	3,878	3,199
Cash Growth	2.73%	1.39%	10.77%	22.13%	21.23%	7.53%
Receivables	1,011	365.84	400.93	548.05	354.26	324.25
Inventory	90.85	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	6,176	6,197	6,154	5,632	4,641	3,722
Property, Plant & Equipment	5,656	5,446	5,528	6,048	6,493	6,942
Long-Term Investments	766.47	646.77	436.19	199.37	193.51	103.43
Goodwill	198.52	198.52	198.52	198.52	198.52	198.52
Other Intangible Assets	1,161	1,152	1,147	1,140	1,134	1,126
Long-Term Accounts Receivable	167.8	199.2	138.84	461.12	128.66	61.05
Long-Term Deferred Charges	10.41	14.23	19.29	24.63	30.97	33.48
Other Long-Term Assets	1,959	1,507	1,052	734.14	487.34	466.25
Total Assets	16,096	15,361	14,675	14,437	13,306	12,653
Accounts Payable	2,774	237.22	288.03	398.89	253.8	309.88
Accrued Expenses	339.7	1,216	1,383	1,154	992.47	671.78
Short-Term Debt	-	-	-	-	37.63	551.95
Current Portion of Long-Term Debt	-	15.38	95.08	108.88	-	-
Current Portion of Leases	597.33	609.84	585.44	622.23	652.43	659.64
Current Income Taxes Payable	199.26	141.51	-	-	-	-
Current Unearned Revenue	1,031	983.89	617.92	513.67	492.13	301.4
Other Current Liabilities	326.74	1,182	1,114	909.67	724.04	654.29
Total Current Liabilities	5,268	4,386	4,083	3,707	3,153	3,149
Long-Term Debt	-	-	30.61	30.6	-	-
Long-Term Leases	1,299	1,476	1,568	2,126	2,584	3,073
Pension & Post-Retirement Benefits	269.02	239.72	208.18	170.02	144.64	131.38
Other Long-Term Liabilities	1,276	1,308	1,250	1,407	1,350	1,792
Total Liabilities	8,111	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	3,400	3,329	2,796	1,949	1,124	401.77
Comprehensive Income & Other	-82.78	-45.79	71.54	379.77	284.74	-560.55
Total Common Equity	7,984	7,950	7,534	6,995	6,075	4,508
Minority Interest	1.24	1.73	1.08	0.52	-	-
Shareholders' Equity	7,985	7,952	7,535	6,996	6,075	4,508
Total Liabilities & Equity	16,096	15,361	14,675	14,437	13,306	12,653
Total Debt	1,896	2,101	2,279	2,888	3,274	4,284
Net Cash (Debt)	3,178	3,218	2,967	1,848	603.77	-1,085
Net Cash Growth	14.45%	8.45%	60.57%	206.09%	-	-
Net Cash Per Share	0.68	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	908.31	1,812	2,070	1,925	1,488	573.32
Book Value Per Share	1.71	1.70	1.61	1.50	1.30	0.97
Tangible Book Value	6,624	6,600	6,188	5,657	4,743	3,184
Tangible Book Value Per Share	1.42	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 Sep 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.