Jazeera Airways K.S.C.P. Balance Sheet

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
Cash & Equivalents	48.83	48.41	32.9	52.27	50.06
Cash & Short-Term Investments	48.83	48.41	32.9	52.27	50.06
Cash Growth	0.87%	47.13%	-37.05%	4.41%	154.52%
Accounts Receivable	6.17	5.77	7.61	7.01	8.45
Other Receivables	5.56	7.87	14.81	10.48	6.3
Receivables	11.74	13.64	22.42	17.5	14.74
Inventory	4.59	7.98	4.32	2.43	1.2
Prepaid Expenses	3.17	2.74	1.46	1.2	0.99
Other Current Assets	0.04	0.1	0.24	0.33	1.31
Total Current Assets	68.37	72.87	61.35	73.72	68.3
Property, Plant & Equipment	259.74	261.07	215.22	189.26	147.41
Other Long-Term Assets	4.67	2.55	9.87	9.13	9.47
Total Assets	332.78	336.49	286.44	272.1	225.19
Accounts Payable	8.24	6.21	4.92	4.1	7.31
Accrued Expenses	21.7	18.4	18.94	19.81	12.94
Short-Term Debt	-	-	5.45	0.98	-
Current Portion of Long-Term Debt	18.11	14	1	0.85	0.84
Current Portion of Leases	18.03	18.78	25.14	22.49	20.67
Current Income Taxes Payable	7.29	7.49	5.83	4.55	1.05
Current Unearned Revenue	16.39	12.84	10.13	14.36	6.36
Other Current Liabilities	18.86	14.08	8.54	8.27	11.55
Total Current Liabilities	108.62	91.79	79.94	75.4	60.72
Long-Term Debt	36.89	61.5	28.5	4.43	5.29
Long-Term Leases	99.4	110.71	125.72	133.4	116.15
Pension & Post-Retirement Benefits	5.78	4.68	3.89	2.91	2.3
Other Long-Term Liabilities	34.63	32.37	22.88	19.43	10.65
Total Liabilities	285.32	301.05	260.94	235.57	195.1
Common Stock	22	22	22	22	22
Retained Earnings	26.12	13.44	3.5	14.53	8.08
Treasury Stock	-1	-	-	-	-
Comprehensive Income & Other	0.35	-	-	-	-
Shareholders' Equity	47.47	35.44	25.5	36.53	30.08
Total Liabilities & Equity	332.78	336.49	286.44	272.1	225.19
Total Debt	172.43	204.99	185.81	162.14	142.95
Net Cash (Debt)	-123.6	-156.57	-152.91	-109.87	-92.89
Net Cash Per Share	-0.56	-0.71	-0.70	-0.50	-0.44
Filing Date Shares Outstanding	219.29	220	220	220	220
Total Common Shares Outstanding	219.29	220	220	220	220
Working Capital	-40.24	-18.93	-18.59	-1.68	7.58
Book Value Per Share	0.22	0.16	0.12	0.17	0.14
Tangible Book Value	47.47	35.44	25.5	36.53	30.08
Tangible Book Value Per Share	0.22	0.16	0.12	0.17	0.14
Machinery	93.92	89.88	33.94	13	11.71
Construction In Progress	67.57	51.74	38.68	26.44	3.22
Leasehold Improvements	18.56	18.03	17.95	17.63	17.46

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