Jazeera Airways K.S.C.P. Cash Flow 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
Net Income	21.76	10.18	6.13	20.08	7.08
Depreciation & Amortization	24.4	23.72	20.81	18.26	15.66
Loss (Gain) From Sale of Assets	-1.55	-	-	-1.73	-0.41
Loss (Gain) From Sale of Investments	-	-	-0.09	0.25	0.22
Stock-Based Compensation	0.35	-	-	-	-
Other Operating Activities	7.01	7.74	6.03	8.51	5.14
Change in Accounts Receivable	0.95	3.34	-5.18	-3.97	2.74
Change in Inventory	3.39	-3.66	-1.9	-1.23	-0.81
Change in Accounts Payable	4.41	1.54	1.13	6.78	8.62
Change in Unearned Revenue	3.55	2.71	-4.23	7.99	6.1
Change in Other Net Operating Assets	5.07	9.65	3.86	6.18	0.55
Operating Cash Flow	69.35	55.22	26.57	61.11	44.87
Operating Cash Flow Growth	25.58%	107.84%	-56.53%	36.21%	-
Capital Expenditures	-18.86	-54.87	-33.63	-59.69	-6.41
Sale of Property, Plant & Equipment	-	-	-	36.61	4.74
Investment in Securities	1.98	-34.37	17.64	17	-26.5
Other Investing Activities	3.06	2.43	1.3	0.97	0.5
Investing Cash Flow	-13.82	-86.81	-14.68	-5.11	-27.68
Long-Term Debt Issued	20	57	30	-	-
Long-Term Debt Repaid	-54.73	-30.79	-23.99	-17.95	-13.64
Total Debt Repaid	-54.73	-30.79	-23.99	-17.95	-13.64
Net Debt Issued (Repaid)	-34.73	26.21	6.01	-17.95	-13.64
Issuance of Common Stock	-	-	-	-	10
Repurchase of Common Stock	-1	-	-	-	-
Common Dividends Paid	-8.8	-	-17.16	-13.64	-
Other Financing Activities	-8.59	-8.03	-6.89	-6.18	-5.23
Financing Cash Flow	-53.13	18.18	-18.03	-37.77	-8.87
Miscellaneous Cash Flow Adjustments	-	-	-0.04	-0	-0.01
Net Cash Flow	2.4	-13.41	-6.19	18.23	8.31
Free Cash Flow	50.49	0.35	-7.06	1.42	38.45
Free Cash Flow Growth	14483.85%	-	-	-96.31%	-
Free Cash Flow Margin	23.14%	0.17%	-3.56%	0.78%	47.83%
Free Cash Flow Per Share	0.23	0.00	-0.03	0.01	0.18
Cash Interest Paid	8.59	8.03	6.89	6.18	5.23
Levered Free Cash Flow	36.45	-9.06	-19.66	-19.83	39.7
Unlevered Free Cash Flow	42.03	-3.67	-15.26	-15.87	42.97
Change in Working Capital	17.37	13.58	-6.31	15.75	17.19

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