MAIR

MAIR GROUP - P.J.S.C.

MAIRStocksAbu Dhabi Securities ExchangeDiversified Financials

Financials

Income Statement Balance Sheet Cash Flow Ratios

Annual Quarterly

Quarterly (AED)

1-5

	Q4 2025Dec 31, 2025	Q3 2025Sep 30, 2025	Q2 2025Jun 30, 2025	Q1 2025Mar 31, 2025	Q4 2024Dec 31, 2024
Operations
Operating Cash Flow	13.24M	31.35M	-9.32M	195.47M	103.86M
Free Cash Flow	-35.44M	-16.73M	-65.13M	164.95M	50.95M
Capital Expenditures	-48.68M	-48.07M	-55.80M	-30.52M	-52.90M
Investing & Financing
Investing Cash Flow	94.98M	-22.62M	-56.82M	51.22M	225.67M
Financing Cash Flow	-15.20M	-31.09M	-168.21M	-202.12M	-732.03M
Dividends Paid	-0.85M	-2.46M	-136.27M	-8.17M	-135.00M
Operating Activities
Operating Cash Flow	13.24M	31.35M	-9.32M	195.47M	103.86M
Net Income	84.91M	24.10M	30.26M	51.54M	14.41M
Change in Accounts Payable	-82.06M	-17.15M	-139.37M	152.10M	25.64M
Change in Accounts Receivable	-2.04M	7.35M	54.61M	26.21M	-55.41M
Change in Inventory	84.61M	2.60M	5.11M	-71.65M	41.97M
Change in Working Capital	0.51M	-7.21M	-79.65M	106.66M	12.20M
Other Operating Activities	-8.53M	-15.37M	11.87M	13.13M	9.97M
Provision & Write-off of Bad Debts	2.93M	-5.73M	—	—	15.33M
Depreciation & Amortization	22.58M	33.41M	30.29M	30.11M	33.71M
Other Amortization	3.43M	—	—	—	3.29M
Cash Interest Paid	11.99M	10.34M	10.19M	14.85M	24.55M
Cash Income Tax Paid	2.09M	15.00M	—	—	—
Miscellaneous Cash Flow Adjustments	11.08M	—	—	—	-53.19M
Loss (Gain) on Equity Investments	-1.09M	-2.05M	-2.60M	-6.10M	-0.09M
Asset Writedown & Restructuring Costs	-37.74M	4.19M	0.50M	-0.84M	14.30M
Investing Activities
Investing Cash Flow	94.98M	-22.62M	-56.82M	51.22M	225.67M
Capital Expenditures	-48.68M	-48.07M	-55.80M	-30.52M	-52.90M
Investment in Securities	1.55M	—	—	54.57M	251.24M
Other Investing Activities	1.32M	3.12M	2.79M	2.21M	5.04M
Sale (Purchase) of Intangibles	-5.98M	-0.22M	-1.18M	-0.54M	1.32M
Sale (Purchase) of Real Estate	29.89M	-9.44M	-2.63M	-6.49M	18.63M
Sale of Property, Plant & Equipment	116.89M	32.00M	—	32.00M	2.34M
Loss (Gain) From Sale of Assets	-46.06M	—	—	—	-0.24M
Loss (Gain) on Sale of Investments	-7.72M	—	—	0.97M	2.59M
Financing Activities
Financing Cash Flow	-15.20M	-31.09M	-168.21M	-202.12M	-732.03M
Common Dividends Paid	-0.85M	-2.46M	-136.27M	-8.17M	-135.00M
Long-Term Debt Repaid	—	—	—	-179.11M	—
Total Debt Repaid	-2.36M	-18.29M	-21.76M	-179.11M	-572.49M
Net Debt Issued (Repaid)	-2.36M	-18.29M	-21.76M	-179.11M	-572.49M
Other Financing Activities	-11.99M	-10.34M	-10.19M	-14.85M	-24.55M
Free Cash Flow & Returns
Free Cash Flow	-35.44M	-16.73M	-65.13M	164.95M	50.95M
Free Cash Flow Margin	-7.4%	-3.6%	-13.9%	+29.8%	+9.8%
Free Cash Flow Per Share	-0.02	-0.01	-0.03	0.07	0.02
Levered Free Cash Flow	35.64M	-31.64M	-85.97M	159.58M	49.90M
Unlevered Free Cash Flow	35.64M	-25.17M	-79.60M	166.08M	62.90M
Operating Cash Flow Growth	-87.3%	+96.6%	—	—	—
Net Cash Flow	104.11M	-22.36M	-234.35M	44.57M	-455.70M

Income Statement Balance Sheet Cash Flow Ratios

Annual Quarterly

Quarterly (AED)

1-5

	Q4 2025Dec 31, 2025	Q3 2025Sep 30, 2025	Q2 2025Jun 30, 2025	Q1 2025Mar 31, 2025	Q4 2024Dec 31, 2024
Operations
Operating Cash Flow	13.24M	31.35M	-9.32M	195.47M	103.86M
Free Cash Flow	-35.44M	-16.73M	-65.13M	164.95M	50.95M
Capital Expenditures	-48.68M	-48.07M	-55.80M	-30.52M	-52.90M
Investing & Financing
Investing Cash Flow	94.98M	-22.62M	-56.82M	51.22M	225.67M
Financing Cash Flow	-15.20M	-31.09M	-168.21M	-202.12M	-732.03M
Dividends Paid	-0.85M	-2.46M	-136.27M	-8.17M	-135.00M
Operating Activities
Operating Cash Flow	13.24M	31.35M	-9.32M	195.47M	103.86M
Net Income	84.91M	24.10M	30.26M	51.54M	14.41M
Change in Accounts Payable	-82.06M	-17.15M	-139.37M	152.10M	25.64M
Change in Accounts Receivable	-2.04M	7.35M	54.61M	26.21M	-55.41M
Change in Inventory	84.61M	2.60M	5.11M	-71.65M	41.97M
Change in Working Capital	0.51M	-7.21M	-79.65M	106.66M	12.20M
Other Operating Activities	-8.53M	-15.37M	11.87M	13.13M	9.97M
Provision & Write-off of Bad Debts	2.93M	-5.73M	—	—	15.33M
Depreciation & Amortization	22.58M	33.41M	30.29M	30.11M	33.71M
Other Amortization	3.43M	—	—	—	3.29M
Cash Interest Paid	11.99M	10.34M	10.19M	14.85M	24.55M
Cash Income Tax Paid	2.09M	15.00M	—	—	—
Miscellaneous Cash Flow Adjustments	11.08M	—	—	—	-53.19M
Loss (Gain) on Equity Investments	-1.09M	-2.05M	-2.60M	-6.10M	-0.09M
Asset Writedown & Restructuring Costs	-37.74M	4.19M	0.50M	-0.84M	14.30M
Investing Activities
Investing Cash Flow	94.98M	-22.62M	-56.82M	51.22M	225.67M
Capital Expenditures	-48.68M	-48.07M	-55.80M	-30.52M	-52.90M
Investment in Securities	1.55M	—	—	54.57M	251.24M
Other Investing Activities	1.32M	3.12M	2.79M	2.21M	5.04M
Sale (Purchase) of Intangibles	-5.98M	-0.22M	-1.18M	-0.54M	1.32M
Sale (Purchase) of Real Estate	29.89M	-9.44M	-2.63M	-6.49M	18.63M
Sale of Property, Plant & Equipment	116.89M	32.00M	—	32.00M	2.34M
Loss (Gain) From Sale of Assets	-46.06M	—	—	—	-0.24M
Loss (Gain) on Sale of Investments	-7.72M	—	—	0.97M	2.59M
Financing Activities
Financing Cash Flow	-15.20M	-31.09M	-168.21M	-202.12M	-732.03M
Common Dividends Paid	-0.85M	-2.46M	-136.27M	-8.17M	-135.00M
Long-Term Debt Repaid	—	—	—	-179.11M	—
Total Debt Repaid	-2.36M	-18.29M	-21.76M	-179.11M	-572.49M
Net Debt Issued (Repaid)	-2.36M	-18.29M	-21.76M	-179.11M	-572.49M
Other Financing Activities	-11.99M	-10.34M	-10.19M	-14.85M	-24.55M
Free Cash Flow & Returns
Free Cash Flow	-35.44M	-16.73M	-65.13M	164.95M	50.95M
Free Cash Flow Margin	-7.4%	-3.6%	-13.9%	+29.8%	+9.8%
Free Cash Flow Per Share	-0.02	-0.01	-0.03	0.07	0.02
Levered Free Cash Flow	35.64M	-31.64M	-85.97M	159.58M	49.90M
Unlevered Free Cash Flow	35.64M	-25.17M	-79.60M	166.08M	62.90M
Operating Cash Flow Growth	-87.3%	+96.6%	—	—	—
Net Cash Flow	104.11M	-22.36M	-234.35M	44.57M	-455.70M