AirAsia X Berhad Income Statement

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

Millions MYR. 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	Jun '21 Jun 30, 2021
Revenue	3,325	3,262	2,527	550.57	755.08
Revenue Growth (YoY)	1.95%	29.06%	358.99%	-27.08%	-82.16%
Cost of Revenue	2,734	2,680	2,131	703.4	1,065
Gross Profit	591.39	581.78	395.77	-152.83	-310.19
Selling, General & Admin	-	1.16	2.87	2.44	0.89
Other Operating Expenses	180.5	66.61	-47.21	322.44	1,015
Operating Expenses	387.23	273.84	140.05	351.73	1,657
Operating Income	204.16	307.94	255.72	-504.56	-1,967
Interest Expense	-20.34	-99.06	-94.57	-502.39	-513.84
Interest & Investment Income	18.75	2.08	2.7	1.03	52.51
Currency Exchange Gain (Loss)	102.51	29.78	-25.3	-31.83	-53.84
Other Non Operating Income (Expenses)	-97.75	-6.23	-18.03	-6.25	-140.83
EBT Excluding Unusual Items	207.33	234.52	120.53	-1,044	-2,623
Merger & Restructuring Charges	-	-	-	-	-16,776
Gain (Loss) on Sale of Investments	-	-	223.25	-148.83	-
Asset Writedown	-	-	-	104.68	-3,051
Other Unusual Items	-	-	-	22,886	-
Pretax Income	207.33	234.52	343.77	21,798	-22,450
Income Tax Expense	15.59	27.39	12.27	-408.16	-0
Net Income	191.75	207.13	331.51	22,206	-22,450
Net Income to Common	191.75	207.13	331.51	22,206	-22,450
Net Income Growth	-7.42%	-37.52%	-98.51%	-	-
Shares Outstanding (Basic)	447	447	447	415	4,148
Shares Outstanding (Diluted)	447	447	447	415	4,148
Shares Change (YoY)	-0.03%	-	7.78%	-90.00%	900.00%
EPS (Basic)	0.43	0.46	0.74	53.53	-5.41
EPS (Diluted)	0.43	0.46	0.74	53.53	-5.41
EPS Growth	-7.34%	-37.56%	-98.61%	-	-
Free Cash Flow	231.7	376.42	-60.98	72.23	-31.28
Free Cash Flow Per Share	0.52	0.84	-0.14	0.17	-0.01
Gross Margin	17.79%	17.84%	15.66%	-27.76%	-41.08%
Operating Margin	6.14%	9.44%	10.12%	-91.64%	-260.51%
Profit Margin	5.77%	6.35%	13.12%	4033.20%	-2973.20%
Free Cash Flow Margin	6.97%	11.54%	-2.41%	13.12%	-4.14%
EBITDA	419.27	316.53	277.53	-	-1,929
EBITDA Margin	12.61%	9.71%	10.98%	-	-255.53%
D&A For EBITDA	215.11	8.59	21.81	-	37.63
EBIT	204.16	307.94	255.72	-504.56	-1,967
EBIT Margin	6.14%	9.44%	10.12%	-91.64%	-260.51%
Effective Tax Rate	7.52%	11.68%	3.57%	-	-

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