Jazeera Airways K.S.C.P. Income Statement

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

Millions KWD. 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
Revenue	218.14	208.57	198.08	182.12	80.4
Revenue Growth (YoY)	4.59%	5.29%	8.77%	126.53%	94.33%
Cost of Revenue	183.65	184.08	177.74	148.63	65.49
Gross Profit	34.49	24.49	20.34	33.49	14.91
Selling, General & Admin	8.09	6.57	7.84	6	3.63
Other Operating Expenses	-2.39	-3.26	0.09	-0.19	0.4
Operating Expenses	6.07	3.97	8.67	6.46	4.51
Operating Income	28.41	20.53	11.67	27.03	10.4
Interest Expense	-8.93	-8.62	-7.05	-6.33	-5.23
Interest & Investment Income	-	-	1.58	-	0.94
Currency Exchange Gain (Loss)	0.98	-1.51	0.05	-1.94	0.7
EBT Excluding Unusual Items	20.47	10.4	6.26	18.75	6.81
Gain (Loss) on Sale of Assets	-	-	-	1.73	0.41
Other Unusual Items	-0.2	-0.1	-0.06	-0.19	-0.07
Pretax Income	21.82	10.3	6.2	20.3	7.15
Income Tax Expense	0.05	0.11	0.07	0.22	0.07
Earnings From Continuing Operations	21.76	10.18	6.13	20.08	7.08
Net Income	21.76	10.18	6.13	20.08	7.08
Net Income to Common	21.76	10.18	6.13	20.08	7.08
Net Income Growth	113.68%	66.15%	-69.48%	183.63%	-
Shares Outstanding (Basic)	220	220	220	220	213
Shares Outstanding (Diluted)	220	220	220	220	213
Shares Change (YoY)	-0.07%	-	-	3.36%	6.42%
EPS (Basic)	0.10	0.05	0.03	0.09	0.03
EPS (Diluted)	0.10	0.05	0.03	0.09	0.03
EPS Growth	113.85%	66.15%	-69.48%	174.42%	-
Free Cash Flow	50.49	0.35	-7.06	1.42	38.45
Free Cash Flow Per Share	0.23	0.00	-0.03	0.01	0.18
Dividend Per Share	0.085	0.040	0.028	0.080	0.032
Dividend Growth	112.50%	42.86%	-65.00%	150.00%	-
Gross Margin	15.81%	11.74%	10.27%	18.39%	18.54%
Operating Margin	13.02%	9.84%	5.89%	14.84%	12.94%
Profit Margin	9.98%	4.88%	3.09%	11.03%	8.81%
Free Cash Flow Margin	23.14%	0.17%	-3.56%	0.78%	47.83%
EBITDA	37.6	24.3	14.09	28.84	12.49
EBITDA Margin	17.23%	11.65%	7.11%	15.84%	15.53%
D&A For EBITDA	9.18	3.77	2.42	1.81	2.09
EBIT	28.41	20.53	11.67	27.03	10.4
EBIT Margin	13.02%	9.84%	5.89%	14.84%	12.94%
Effective Tax Rate	0.25%	1.11%	1.18%	1.07%	1.04%

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