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 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	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	662.72	1,073	700.23	5,246	4,736	3,878
Short-Term Investments	4,308	4,126	4,619	-	-	-
Cash & Short-Term Investments	4,971	5,199	5,320	5,246	4,736	3,878
Cash Growth	-6.95%	-2.27%	1.39%	10.77%	22.13%	21.23%
Receivables	1,159	375.51	365.84	400.93	548.05	354.26
Inventory	105.56	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	6,236	6,192	6,197	6,154	5,632	4,641
Property, Plant & Equipment	6,889	6,643	5,446	5,528	6,048	6,493
Long-Term Investments	784.72	820.91	646.77	436.19	199.37	193.51
Goodwill	-	198.52	198.52	198.52	198.52	198.52
Other Intangible Assets	1,363	1,164	1,152	1,147	1,140	1,134
Long-Term Accounts Receivable	588.24	366.02	199.2	138.84	461.12	128.66
Long-Term Deferred Charges	11.82	9.25	14.23	19.29	24.63	30.97
Other Long-Term Assets	2,358	2,305	1,507	1,052	734.14	487.34
Total Assets	18,231	17,699	15,361	14,675	14,437	13,306
Accounts Payable	4,533	352.48	237.22	288.03	398.89	253.8
Accrued Expenses	487.56	1,962	1,221	1,383	1,154	992.47
Short-Term Debt	-	-	-	-	-	37.63
Current Portion of Long-Term Debt	376.47	393.73	376	95.08	108.88	-
Current Portion of Leases	244.87	262.67	249.23	585.44	622.23	652.43
Current Income Taxes Payable	173.94	150.09	141.51	-	-	-
Current Unearned Revenue	969.49	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	6,785	5,657	4,244	4,083	3,707	3,153
Long-Term Debt	1,041	1,121	683.17	30.61	30.6	-
Long-Term Leases	1,252	1,004	793.05	1,568	2,126	2,584
Pension & Post-Retirement Benefits	295.73	271.2	239.72	208.18	170.02	144.64
Other Long-Term Liabilities	1,297	1,236	1,449	1,250	1,407	1,350
Total Liabilities	10,671	9,289	7,409	7,139	7,441	7,231
Common Stock	4,667	4,667	4,667	4,667	4,667	4,667
Retained Earnings	2,639	3,791	3,329	2,796	1,949	1,124
Comprehensive Income & Other	252.54	-49.01	-45.79	71.54	379.77	284.74
Total Common Equity	7,559	8,409	7,950	7,534	6,995	6,075
Minority Interest	1.33	1.29	1.73	1.08	0.52	-
Shareholders' Equity	7,560	8,410	7,952	7,535	6,996	6,075
Total Liabilities & Equity	18,231	17,699	15,361	14,675	14,437	13,306
Total Debt	2,915	2,781	2,101	2,279	2,888	3,274
Net Cash (Debt)	2,057	2,417	3,218	2,967	1,848	603.77
Net Cash Growth	-37.64%	-24.88%	8.45%	60.57%	206.09%	-
Net Cash Per Share	0.44	0.52	0.69	0.64	0.40	0.13
Filing Date Shares Outstanding	4,682	4,667	4,667	4,667	4,667	4,667
Total Common Shares Outstanding	4,682	4,667	4,667	4,667	4,667	4,667
Working Capital	-549.78	535.53	1,953	2,070	1,925	1,488
Book Value Per Share	1.61	1.80	1.70	1.61	1.50	1.30
Tangible Book Value	6,195	7,046	6,600	6,188	5,657	4,743
Tangible Book Value Per Share	1.32	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

Source: S&P Global Market Intelligence. Standard template. Financial Sources.