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	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
Revenue	209.69	218.14	208.57	198.08	182.12	80.4
Revenue Growth (YoY)	-2.82%	4.59%	5.29%	8.77%	126.53%	94.33%
Cost of Revenue	179.06	183.65	184.08	177.74	148.63	65.49
Gross Profit	30.63	34.49	24.49	20.34	33.49	14.91
Selling, General & Admin	8.86	8.09	6.57	7.84	6	3.63
Other Operating Expenses	-0.37	-2.39	-3.26	0.09	-0.19	0.4
Operating Expenses	8.86	6.07	3.97	8.67	6.46	4.51
Operating Income	21.77	28.41	20.53	11.67	27.03	10.4
Interest Expense	-8.45	-8.93	-8.62	-7.05	-6.33	-5.23
Interest & Investment Income	-	-	-	1.58	-	0.94
Currency Exchange Gain (Loss)	1.28	0.98	-1.51	0.05	-1.94	0.7
EBT Excluding Unusual Items	14.59	20.47	10.4	6.26	18.75	6.81
Gain (Loss) on Sale of Assets	-	-	-	-	1.73	0.41
Other Unusual Items	-0.15	-0.2	-0.1	-0.06	-0.19	-0.07
Pretax Income	15.98	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	15.98	21.76	10.18	6.13	20.08	7.08
Net Income	15.98	21.76	10.18	6.13	20.08	7.08
Net Income to Common	15.98	21.76	10.18	6.13	20.08	7.08
Net Income Growth	-9.17%	113.68%	66.15%	-69.48%	183.63%	-
Shares Outstanding (Basic)	220	220	220	220	220	213
Shares Outstanding (Diluted)	220	220	220	220	220	213
Shares Change (YoY)	-0.11%	-0.07%	-	-	3.36%	6.42%
EPS (Basic)	0.07	0.10	0.05	0.03	0.09	0.03
EPS (Diluted)	0.07	0.10	0.05	0.03	0.09	0.03
EPS Growth	-9.07%	113.85%	66.15%	-69.48%	174.42%	-
Free Cash Flow	23.49	50.49	0.35	-7.06	1.42	38.45
Free Cash Flow Per Share	0.11	0.23	0.00	-0.03	0.01	0.18
Dividend Per Share	-	-	0.040	0.028	0.080	0.032
Dividend Growth	-	-	42.86%	-65.00%	150.00%	-
Gross Margin	14.61%	15.81%	11.74%	10.27%	18.39%	18.54%
Operating Margin	10.38%	13.02%	9.84%	5.89%	14.84%	12.94%
Profit Margin	7.62%	9.98%	4.88%	3.09%	11.03%	8.81%
Free Cash Flow Margin	11.20%	23.14%	0.17%	-3.56%	0.78%	47.83%
EBITDA	30.19	37.6	24.3	14.09	28.84	12.49
EBITDA Margin	14.40%	17.23%	11.65%	7.11%	15.84%	15.53%
D&A For EBITDA	8.42	9.18	3.77	2.42	1.81	2.09
EBIT	21.77	28.41	20.53	11.67	27.03	10.4
EBIT Margin	10.38%	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.