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	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	69.28	48.83	48.41	32.9	52.27	50.06
Cash & Short-Term Investments	69.28	48.83	48.41	32.9	52.27	50.06
Cash Growth	25.14%	0.87%	47.13%	-37.05%	4.41%	154.52%
Accounts Receivable	29.31	6.17	5.77	7.61	7.01	8.45
Other Receivables	-	5.56	7.87	14.81	10.48	6.3
Receivables	29.31	11.74	13.64	22.42	17.5	14.74
Inventory	5.43	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	104.02	68.37	72.87	61.35	73.72	68.3
Property, Plant & Equipment	263.05	259.74	261.07	215.22	189.26	147.41
Other Long-Term Assets	5.25	4.67	2.55	9.87	9.13	9.47
Total Assets	372.32	332.78	336.49	286.44	272.1	225.19
Accounts Payable	46.4	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	35.53	18.11	14	1	0.85	0.84
Current Portion of Leases	17.85	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	11.89	16.39	12.84	10.13	14.36	6.36
Other Current Liabilities	22.09	18.86	14.08	8.54	8.27	11.55
Total Current Liabilities	133.76	108.62	91.79	79.94	75.4	60.72
Long-Term Debt	60.3	36.89	61.5	28.5	4.43	5.29
Long-Term Leases	95.77	99.4	110.71	125.72	133.4	116.15
Pension & Post-Retirement Benefits	6.29	5.78	4.68	3.89	2.91	2.3
Other Long-Term Liabilities	29.76	34.63	32.37	22.88	19.43	10.65
Total Liabilities	325.87	285.32	301.05	260.94	235.57	195.1
Common Stock	22	22	22	22	22	22
Retained Earnings	25.06	26.12	13.44	3.5	14.53	8.08
Treasury Stock	-1	-1	-	-	-	-
Comprehensive Income & Other	0.39	0.35	-	-	-	-
Shareholders' Equity	46.45	47.47	35.44	25.5	36.53	30.08
Total Liabilities & Equity	372.32	332.78	336.49	286.44	272.1	225.19
Total Debt	209.46	172.43	204.99	185.81	162.14	142.95
Net Cash (Debt)	-140.17	-123.6	-156.57	-152.91	-109.87	-92.89
Net Cash Per Share	-0.64	-0.56	-0.71	-0.70	-0.50	-0.44
Filing Date Shares Outstanding	219.16	219.29	220	220	220	220
Total Common Shares Outstanding	219.16	219.29	220	220	220	220
Working Capital	-29.73	-40.24	-18.93	-18.59	-1.68	7.58
Book Value Per Share	0.21	0.22	0.16	0.12	0.17	0.14
Tangible Book Value	46.45	47.47	35.44	25.5	36.53	30.08
Tangible Book Value Per Share	0.21	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.