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	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
Net Income	15.98	21.76	10.18	6.13	20.08	7.08
Depreciation & Amortization	23.64	24.4	23.72	20.81	18.26	15.66
Loss (Gain) From Sale of Assets	-1.55	-1.55	-	-	-1.73	-0.41
Loss (Gain) From Sale of Investments	2.07	-	-	-0.09	0.25	0.22
Stock-Based Compensation	0.39	0.35	-	-	-	-
Other Operating Activities	6.43	7.01	7.74	6.03	8.51	5.14
Change in Accounts Receivable	-10.2	0.95	3.34	-5.18	-3.97	2.74
Change in Inventory	3.1	3.39	-3.66	-1.9	-1.23	-0.81
Change in Accounts Payable	7.86	4.41	1.54	1.13	6.78	8.62
Change in Unearned Revenue	0.62	3.55	2.71	-4.23	7.99	6.1
Change in Other Net Operating Assets	2.01	5.07	9.65	3.86	6.18	0.55
Operating Cash Flow	50.35	69.35	55.22	26.57	61.11	44.87
Operating Cash Flow Growth	-14.18%	25.58%	107.84%	-56.53%	36.21%	-
Capital Expenditures	-26.86	-18.86	-54.87	-33.63	-59.69	-6.41
Sale of Property, Plant & Equipment	-	-	-	-	36.61	4.74
Investment in Securities	6.3	1.98	-34.37	17.64	17	-26.5
Other Investing Activities	3.53	3.06	2.43	1.3	0.97	0.5
Investing Cash Flow	-17.03	-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	-66.23	-54.73	-30.79	-23.99	-17.95	-13.64
Net Debt Issued (Repaid)	4.77	-34.73	26.21	6.01	-17.95	-13.64
Issuance of Common Stock	-	-	-	-	-	10
Repurchase of Common Stock	-1	-1	-	-	-	-
Common Dividends Paid	-8.8	-8.8	-	-17.16	-13.64	-
Other Financing Activities	-8.07	-8.59	-8.03	-6.89	-6.18	-5.23
Financing Cash Flow	-13.1	-53.13	18.18	-18.03	-37.77	-8.87
Miscellaneous Cash Flow Adjustments	-	-	-	-0.04	-0	-0.01
Net Cash Flow	20.22	2.4	-13.41	-6.19	18.23	8.31
Free Cash Flow	23.49	50.49	0.35	-7.06	1.42	38.45
Free Cash Flow Growth	579.86%	14483.85%	-	-	-96.31%	-
Free Cash Flow Margin	11.20%	23.14%	0.17%	-3.56%	0.78%	47.83%
Free Cash Flow Per Share	0.11	0.23	0.00	-0.03	0.01	0.18
Cash Interest Paid	8.59	8.59	8.03	6.89	6.18	5.23
Levered Free Cash Flow	10.44	36.45	-9.06	-19.66	-19.83	39.7
Unlevered Free Cash Flow	15.72	42.03	-3.67	-15.26	-15.87	42.97
Change in Working Capital	3.38	17.37	13.58	-6.31	15.75	17.19

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