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	Jun 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Cash & Equivalents	754.1	5,320	5,246	4,736	3,878	3,149
Short-Term Investments	3,950	-	-	-	-	50
Cash & Short-Term Investments	4,704	5,320	5,246	4,736	3,878	3,199
Cash Growth	-3.50%	1.39%	10.77%	22.13%	21.23%	7.53%
Receivables	1,003	365.84	400.93	548.05	354.26	324.25
Inventory	72.66	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	5,780	6,197	6,154	5,632	4,641	3,722
Property, Plant & Equipment	5,461	5,446	5,528	6,048	6,493	6,942
Long-Term Investments	671.54	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	1,158	1,152	1,147	1,140	1,134	1,126
Long-Term Accounts Receivable	163.05	199.2	138.84	461.12	128.66	61.05
Long-Term Deferred Charges	11.68	14.23	19.29	24.63	30.97	33.48
Other Long-Term Assets	1,944	1,507	1,052	734.14	487.34	466.25
Total Assets	15,388	15,361	14,675	14,437	13,306	12,653
Accounts Payable	2,670	237.22	288.03	398.89	253.8	309.88
Accrued Expenses	267.39	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	598.78	609.84	585.44	622.23	652.43	659.64
Current Income Taxes Payable	256.57	141.51	-	-	-	-
Current Unearned Revenue	1,069	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	5,189	4,386	4,083	3,707	3,153	3,149
Long-Term Debt	-	-	30.61	30.6	-	-
Long-Term Leases	1,282	1,476	1,568	2,126	2,584	3,073
Other Long-Term Liabilities	1,281	1,308	1,250	1,407	1,350	1,792
Total Liabilities	8,011	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	2,818	3,329	2,796	1,949	1,124	401.77
Comprehensive Income & Other	-108.56	-45.79	71.54	379.77	284.74	-560.55
Total Common Equity	7,376	7,950	7,534	6,995	6,075	4,508
Minority Interest	1.13	1.73	1.08	0.52	-	-
Shareholders' Equity	7,377	7,952	7,535	6,996	6,075	4,508
Total Liabilities & Equity	15,388	15,361	14,675	14,437	13,306	12,653
Total Debt	1,880	2,101	2,279	2,888	3,274	4,284
Net Cash (Debt)	2,824	3,218	2,967	1,848	603.77	-1,085
Net Cash Growth	6.07%	8.45%	60.57%	206.09%	-	-
Net Cash Per Share	0.61	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	591.08	1,812	2,070	1,925	1,488	573.32
Book Value Per Share	1.58	1.70	1.61	1.50	1.30	0.97
Tangible Book Value	6,019	6,600	6,188	5,657	4,743	3,184
Tangible Book Value Per Share	1.29	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 Jun 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.