Air Asia Income Statement

Financials in millions TWD. Fiscal year is January - December.

Millions TWD. 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
Revenue	5,454	5,200	4,864	4,069	3,885
Revenue Growth (YoY)	4.89%	6.92%	19.52%	4.74%	-0.26%
Cost of Revenue	4,890	4,738	4,526	3,818	3,657
Gross Profit	564.53	462.36	337.43	251.07	228.08
Selling, General & Admin	238.93	242.3	236.34	216.41	226.67
Research & Development	26.16	22.66	2.07	-	-
Operating Expenses	273.64	264.96	242.31	215.84	224.22
Operating Income	290.89	197.4	95.11	35.23	3.85
Interest Expense	-38.18	-37.01	-41.02	-30.95	-24.95
Interest & Investment Income	3.08	6.63	6.56	1.83	0.41
Currency Exchange Gain (Loss)	-	11.12	8.69	1.9	10.63
Other Non Operating Income (Expenses)	5.98	1.86	-0.82	5.34	5.86
EBT Excluding Unusual Items	261.78	180	68.52	13.35	-4.2
Gain (Loss) on Sale of Assets	-	-0.08	0.32	0.04	0.02
Other Unusual Items	-	-	-	3.31	82.15
Pretax Income	261.78	179.92	68.84	16.7	77.97
Income Tax Expense	52.06	39.31	11.72	3.21	0.99
Net Income	209.73	140.61	57.12	13.49	76.98
Net Income to Common	209.73	140.61	57.12	13.49	76.98
Net Income Growth	49.16%	146.16%	323.46%	-82.48%	81.62%
Shares Outstanding (Basic)	210	209	183	162	156
Shares Outstanding (Diluted)	210	210	187	162	175
Shares Change (YoY)	0.06%	11.82%	15.71%	-7.55%	-0.20%
EPS (Basic)	1.00	0.67	0.31	0.08	0.49
EPS (Diluted)	1.00	0.67	0.31	0.08	0.47
EPS Growth	49.25%	116.74%	286.42%	-82.88%	71.21%
Free Cash Flow	237.04	29.12	-271.23	-79.16	-175.82
Free Cash Flow Per Share	1.13	0.14	-1.45	-0.49	-1.00
Dividend Per Share	-	0.621	0.530	0.360	0.233
Dividend Growth	-	17.09%	47.22%	54.77%	74.10%
Gross Margin	10.35%	8.89%	6.94%	6.17%	5.87%
Operating Margin	5.33%	3.80%	1.96%	0.87%	0.10%
Profit Margin	3.84%	2.70%	1.17%	0.33%	1.98%
Free Cash Flow Margin	4.35%	0.56%	-5.58%	-1.94%	-4.53%
EBITDA	405.14	269.71	161.32	103.51	71.38
EBITDA Margin	7.43%	5.19%	3.32%	2.54%	1.84%
D&A For EBITDA	114.25	72.31	66.21	68.28	67.53
EBIT	290.89	197.4	95.11	35.23	3.85
EBIT Margin	5.33%	3.80%	1.96%	0.87%	0.10%
Effective Tax Rate	19.89%	21.85%	17.02%	19.21%	1.27%

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.