MAIR

MAIR GROUP - P.J.S.C.

MAIRStocksAbu Dhabi Securities ExchangeDiversified Financials

Financials

Income Statement Balance Sheet Cash Flow Ratios

Annual Quarterly

Annual (AED)

	2025Dec 31, 2025	2024Dec 31, 2024	2023Dec 31, 2023	2022Dec 31, 2022	2021Dec 31, 2021
Operations
Operating Cash Flow	230.74M	256.73M	250.04M	165.21M	200.35M
Free Cash Flow	47.65M	118.10M	129.10M	0.37M	172.03M
Capital Expenditures	-183.08M	-138.63M	-120.94M	-164.83M	-28.32M
Investing & Financing
Investing Cash Flow	0.07B	0.38B	0.44B	-1.13B	-0.02B
Financing Cash Flow	-416.63M	-868.72M	-160.12M	981.27M	-186.14M
Dividends Paid	-147.74M	-135.73M	-41.25M	-76.92M	-87.88M
Operating Activities
Operating Cash Flow	230.74M	256.73M	250.04M	165.21M	200.35M
Net Income	190.81M	171.15M	25.86M	211.30M	112.27M
Change in Accounts Payable	-86.48M	15.34M	-46.87M	-53.75M	20.27M
Change in Accounts Receivable	86.13M	-68.90M	75.72M	28.19M	-32.94M
Change in Inventory	20.66M	39.88M	28.04M	-6.75M	2.09M
Change in Other Net Operating Assets	—	—	—	294.00K	—
Change in Working Capital	20.32M	-13.68M	56.89M	-32.02M	-10.58M
Other Operating Activities	1.11M	51.14M	56.68M	12.70M	20.82M
Provision & Write-off of Bad Debts	-2.80M	22.24M	25.63M	13.83M	—
Depreciation & Amortization	116.39M	128.32M	76.21M	87.40M	100.58M
Other Amortization	3.43M	3.29M	0.50M	—	—
Cash Interest Paid	47.37M	99.11M	54.08M	28.87M	23.33M
Cash Income Tax Paid	17.09M	—	—	—	—
Miscellaneous Cash Flow Adjustments	11.08M	-53.19M	—	—	—
Loss (Gain) on Equity Investments	-11.83M	-9.55M	0.47M	1.07M	0.64M
Asset Writedown & Restructuring Costs	-33.89M	14.30M	4.66M	-115.64M	-12.00M
Investing Activities
Investing Cash Flow	0.07B	0.38B	0.44B	-1.13B	-0.02B
Capital Expenditures	-183.08M	-138.63M	-120.94M	-164.83M	-28.32M
Cash Acquisitions	—	—	575.18M	—	—
Investment in Securities	56.12M	251.24M	-3.00M	5.35M	-0.89M
Other Investing Activities	9.43M	39.52M	8.05M	3.38M	5.75M
Sale (Purchase) of Intangibles	-7.92M	-0.28M	-1.31M	—	—
Sale (Purchase) of Real Estate	11.33M	78.75M	-16.00M	-969.13M	—
Sale of Property, Plant & Equipment	180.89M	152.49M	0.50M	—	0.30M
Loss (Gain) From Sale of Assets	-46.06M	-94.73M	5.80M	—	-0.17M
Loss (Gain) on Sale of Investments	-6.75M	2.10M	-2.66M	-13.43M	-11.20M
Financing Activities
Financing Cash Flow	-416.63M	-868.72M	-160.12M	981.27M	-186.14M
Common Dividends Paid	-147.74M	-135.73M	-41.25M	-76.92M	-87.88M
Issuance of Common Stock	—	—	—	414.50M	—
Long-Term Debt Issued	—	—	—	743.20M	—
Long-Term Debt Repaid	-221.52M	-633.88M	-62.80M	-70.65M	-74.93M
Net Debt Issued (Repaid)	-221.52M	-633.88M	-62.80M	672.55M	-74.93M
Other Financing Activities	-47.37M	-99.11M	-56.07M	-28.87M	-23.33M
Free Cash Flow & Returns
Free Cash Flow	47.65M	118.10M	129.10M	0.37M	172.03M
Free Cash Flow Growth	-59.7%	-8.5%	+34,604.8%	-99.8%	—
Free Cash Flow Margin	+2.4%	+5.7%	+9.5%	0.0%	+15.1%
Free Cash Flow Per Share	0.02	0.05	0.13	0.00	—
Levered Free Cash Flow	80.85M	140.46M	-241.65M	-132.21M	—
Unlevered Free Cash Flow	97.19M	192.93M	-201.45M	-114.17M	—
Operating Cash Flow Growth	-10.1%	+2.7%	+51.4%	-17.5%	—
Net Cash Flow	-108.04M	-282.08M	532.40M	21.25M	-8.95M

Income Statement Balance Sheet Cash Flow Ratios

Annual Quarterly

Annual (AED)

	2025Dec 31, 2025	2024Dec 31, 2024	2023Dec 31, 2023	2022Dec 31, 2022	2021Dec 31, 2021
Operations
Operating Cash Flow	230.74M	256.73M	250.04M	165.21M	200.35M
Free Cash Flow	47.65M	118.10M	129.10M	0.37M	172.03M
Capital Expenditures	-183.08M	-138.63M	-120.94M	-164.83M	-28.32M
Investing & Financing
Investing Cash Flow	0.07B	0.38B	0.44B	-1.13B	-0.02B
Financing Cash Flow	-416.63M	-868.72M	-160.12M	981.27M	-186.14M
Dividends Paid	-147.74M	-135.73M	-41.25M	-76.92M	-87.88M
Operating Activities
Operating Cash Flow	230.74M	256.73M	250.04M	165.21M	200.35M
Net Income	190.81M	171.15M	25.86M	211.30M	112.27M
Change in Accounts Payable	-86.48M	15.34M	-46.87M	-53.75M	20.27M
Change in Accounts Receivable	86.13M	-68.90M	75.72M	28.19M	-32.94M
Change in Inventory	20.66M	39.88M	28.04M	-6.75M	2.09M
Change in Other Net Operating Assets	—	—	—	294.00K	—
Change in Working Capital	20.32M	-13.68M	56.89M	-32.02M	-10.58M
Other Operating Activities	1.11M	51.14M	56.68M	12.70M	20.82M
Provision & Write-off of Bad Debts	-2.80M	22.24M	25.63M	13.83M	—
Depreciation & Amortization	116.39M	128.32M	76.21M	87.40M	100.58M
Other Amortization	3.43M	3.29M	0.50M	—	—
Cash Interest Paid	47.37M	99.11M	54.08M	28.87M	23.33M
Cash Income Tax Paid	17.09M	—	—	—	—
Miscellaneous Cash Flow Adjustments	11.08M	-53.19M	—	—	—
Loss (Gain) on Equity Investments	-11.83M	-9.55M	0.47M	1.07M	0.64M
Asset Writedown & Restructuring Costs	-33.89M	14.30M	4.66M	-115.64M	-12.00M
Investing Activities
Investing Cash Flow	0.07B	0.38B	0.44B	-1.13B	-0.02B
Capital Expenditures	-183.08M	-138.63M	-120.94M	-164.83M	-28.32M
Cash Acquisitions	—	—	575.18M	—	—
Investment in Securities	56.12M	251.24M	-3.00M	5.35M	-0.89M
Other Investing Activities	9.43M	39.52M	8.05M	3.38M	5.75M
Sale (Purchase) of Intangibles	-7.92M	-0.28M	-1.31M	—	—
Sale (Purchase) of Real Estate	11.33M	78.75M	-16.00M	-969.13M	—
Sale of Property, Plant & Equipment	180.89M	152.49M	0.50M	—	0.30M
Loss (Gain) From Sale of Assets	-46.06M	-94.73M	5.80M	—	-0.17M
Loss (Gain) on Sale of Investments	-6.75M	2.10M	-2.66M	-13.43M	-11.20M
Financing Activities
Financing Cash Flow	-416.63M	-868.72M	-160.12M	981.27M	-186.14M
Common Dividends Paid	-147.74M	-135.73M	-41.25M	-76.92M	-87.88M
Issuance of Common Stock	—	—	—	414.50M	—
Long-Term Debt Issued	—	—	—	743.20M	—
Long-Term Debt Repaid	-221.52M	-633.88M	-62.80M	-70.65M	-74.93M
Net Debt Issued (Repaid)	-221.52M	-633.88M	-62.80M	672.55M	-74.93M
Other Financing Activities	-47.37M	-99.11M	-56.07M	-28.87M	-23.33M
Free Cash Flow & Returns
Free Cash Flow	47.65M	118.10M	129.10M	0.37M	172.03M
Free Cash Flow Growth	-59.7%	-8.5%	+34,604.8%	-99.8%	—
Free Cash Flow Margin	+2.4%	+5.7%	+9.5%	0.0%	+15.1%
Free Cash Flow Per Share	0.02	0.05	0.13	0.00	—
Levered Free Cash Flow	80.85M	140.46M	-241.65M	-132.21M	—
Unlevered Free Cash Flow	97.19M	192.93M	-201.45M	-114.17M	—
Operating Cash Flow Growth	-10.1%	+2.7%	+51.4%	-17.5%	—
Net Cash Flow	-108.04M	-282.08M	532.40M	21.25M	-8.95M