Kenya Airways Income Statement

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

Millions KES. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun '25 Jun 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Revenue	171,506	188,495	178,496	116,787	70,221	52,805
Revenue Growth (YoY)	-12.00%	5.60%	52.84%	66.31%	32.98%	-58.64%
Cost of Revenue	141,130	150,582	137,934	97,541	58,199	52,980
Gross Profit	30,376	37,913	40,562	19,246	12,022	-175
Selling, General & Admin	352	352	369	235	106	51
Other Operating Expenses	27,616	27,616	22,914	18,968	17,400	17,393
Operating Expenses	27,968	27,968	23,283	20,549	17,506	17,444
Operating Income	2,408	9,945	17,279	-1,303	-5,484	-17,619
Interest Expense	-12,355	-12,355	-14,517	-10,470	-8,217	-9,114
Interest & Investment Income	81	69	165	194	162	62
Currency Exchange Gain (Loss)	5,942	5,942	-25,577	-26,445	-2,623	-2,736
Other Non Operating Income (Expenses)	-5,282	-	-	170	295	-
EBT Excluding Unusual Items	-9,206	3,601	-22,650	-37,854	-15,867	-29,407
Merger & Restructuring Charges	-	-	-	-	-32	-129
Asset Writedown	1,926	1,926	-214	-461	-129	-7,037
Pretax Income	-7,280	5,527	-22,864	-38,315	-16,028	-36,573
Income Tax Expense	-45	95	-167	-51	-150	-354
Earnings From Continuing Operations	-7,235	5,432	-22,697	-38,264	-15,878	-36,219
Minority Interest in Earnings	79	79	-20	12	-4	-8
Net Income	-7,156	5,511	-22,717	-38,252	-15,882	-36,227
Net Income to Common	-7,156	5,511	-22,717	-38,252	-15,882	-36,227
Shares Outstanding (Basic)	-	5,824	5,824	5,824	5,824	5,824
Shares Outstanding (Diluted)	-	7,447	5,824	5,824	5,824	5,824
Shares Change (YoY)	-	27.87%	-	-	-	-
EPS (Basic)	-	0.95	-3.90	-6.57	-2.73	-6.22
EPS (Diluted)	-	0.74	-3.90	-6.57	-2.73	-6.22
Free Cash Flow	9,739	9,949	16,322	2,806	2,251	4,883
Free Cash Flow Per Share	-	1.34	2.80	0.48	0.39	0.84
Gross Margin	17.71%	20.11%	22.72%	16.48%	17.12%	-0.33%
Operating Margin	1.40%	5.28%	9.68%	-1.12%	-7.81%	-33.37%
Profit Margin	-4.17%	2.92%	-12.73%	-32.75%	-22.62%	-68.61%
Free Cash Flow Margin	5.68%	5.28%	9.14%	2.40%	3.21%	9.25%
EBITDA	15,623	21,952	26,870	6,514	2,313	-7,665
EBITDA Margin	9.11%	11.65%	15.05%	5.58%	3.29%	-14.52%
D&A For EBITDA	13,215	12,007	9,591	7,817	7,797	9,954
EBIT	2,408	9,945	17,279	-1,303	-5,484	-17,619
EBIT Margin	1.40%	5.28%	9.68%	-1.12%	-7.81%	-33.37%
Effective Tax Rate	-	1.72%	-	-	-	-
Advertising Expenses	-	328	332	235	106	51

Updated Jun 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.