JAZEERA AIRWAYS CO.

Jazeera Airways Co. (KSC)

JAZEERAStocksBoursa KuwaitTransportation

Financials

Income Statement Balance Sheet Cash Flow Ratios

Annual Quarterly

Annual (KWD)

	2025Dec 31, 2025	2024Dec 31, 2024	2023Dec 31, 2023	2022Dec 31, 2022	2021Dec 31, 2021
Assets
Cash & Equivalents	48.83M	48.41M	32.90M	52.27M	50.06M
Cash & Short-Term Investments	48.83M	48.41M	32.90M	52.27M	50.06M
Receivables	11.74M	13.64M	22.42M	17.50M	14.74M
Inventory	4.59M	7.98M	4.32M	2.43M	1.20M
Current Assets	68.37M	72.87M	61.35M	73.72M	68.30M
PP&E	259.74M	261.07M	215.22M	189.26M	147.41M
Total Assets	332.78M	336.49M	286.44M	272.10M	225.19M
Liabilities
Accounts Payable	8.24M	6.21M	4.92M	4.10M	7.31M
Current Liabilities	108.62M	91.79M	79.94M	75.40M	60.72M
Long-Term Debt	36.89M	61.50M	28.50M	4.43M	5.29M
Short-Term Debt	—	—	5.45M	0.98M	—
Total Debt	172.43M	204.99M	185.81M	162.14M	142.95M
Total Liabilities	285.32M	301.05M	260.94M	235.57M	195.10M
Equity & Ownership
Retained Earnings	26.12M	13.44M	3.50M	14.53M	8.08M
Total Equity	47.47M	35.44M	25.50M	36.53M	30.08M
Net Debt	123.60M	156.57M	152.91M	109.87M	92.89M
Shares Outstanding	219,289,110	220,000,000	220,000,000	220,000,000	220,000,000
Cash & Assets
Total Assets	332.78M	336.49M	286.44M	272.10M	225.19M
Total Current Assets	68.37M	72.87M	61.35M	73.72M	68.30M
Cash & Equivalents	48.83M	48.41M	32.90M	52.27M	50.06M
Cash & Short-Term Investments	48.83M	48.41M	32.90M	52.27M	50.06M
Net Cash (Debt)	-123.60M	-156.57M	-152.91M	-109.87M	-92.89M
Net Cash Per Share	-0.56	-0.71	-0.70	-0.50	-0.44
Cash Growth	+0.9%	+47.1%	-37.0%	+4.4%	+154.5%
Accounts Receivable	6.17M	5.77M	7.61M	7.01M	8.45M
Other Receivables	5.56M	7.87M	14.81M	10.48M	6.30M
Receivables	11.74M	13.64M	22.42M	17.50M	14.74M
Inventory	4.59M	7.98M	4.32M	2.43M	1.20M
Prepaid Expenses	3.17M	2.74M	1.46M	1.20M	0.99M
Construction In Progress	67.57M	51.74M	38.68M	26.44M	3.22M
Machinery	93.92M	89.88M	33.94M	13.00M	11.71M
Leasehold Improvements	18.56M	18.03M	17.95M	17.63M	17.46M
Property, Plant & Equipment	259.74M	261.07M	215.22M	189.26M	147.41M
Other Current Assets	0.04M	0.10M	0.24M	0.33M	1.31M
Other Long-Term Assets	4.67M	2.55M	9.87M	9.13M	9.47M
Long-Term Leases	99.40M	110.71M	125.72M	133.40M	116.15M
Current Portion of Leases	18.03M	18.78M	25.14M	22.49M	20.67M
Liabilities & Obligations
Total Liabilities	285.32M	301.05M	260.94M	235.57M	195.10M
Total Liabilities & Equity	332.78M	336.49M	286.44M	272.10M	225.19M
Total Current Liabilities	108.62M	91.79M	79.94M	75.40M	60.72M
Accounts Payable	8.24M	6.21M	4.92M	4.10M	7.31M
Accrued Expenses	21.70M	18.40M	18.94M	19.81M	12.94M
Current Income Taxes Payable	7.29M	7.49M	5.83M	4.55M	1.05M
Current Unearned Revenue	16.39M	12.84M	10.13M	14.36M	6.36M
Other Current Liabilities	18.86M	14.08M	8.54M	8.27M	11.55M
Pension & Post-Retirement Benefits	5.78M	4.68M	3.89M	2.91M	2.30M
Other Long-Term Liabilities	34.63M	32.37M	22.88M	19.43M	10.65M
Debt & Funding
Long-Term Debt	36.89M	61.50M	28.50M	4.43M	5.29M
Short-Term Debt	—	—	5.45M	0.98M	—
Total Debt	172.43M	204.99M	185.81M	162.14M	142.95M
Current Portion of Long-Term Debt	18.11M	14.00M	1.00M	0.85M	0.84M
Equity & Book Value
Shareholders' Equity	47.47M	35.44M	25.50M	36.53M	30.08M
Common Stock	22.00M	22.00M	22.00M	22.00M	22.00M
Retained Earnings	26.12M	13.44M	3.50M	14.53M	8.08M
Treasury Stock	-1.00M	—	—	—	—
Comprehensive Income & Other	352.75K	—	—	—	—
Book Value Per Share	0.22	0.16	0.12	0.17	0.14
Tangible Book Value	47.47M	35.44M	25.50M	36.53M	30.08M
Tangible Book Value Per Share	0.22	0.16	0.12	0.17	0.14
Filing Date Shares Outstanding	219.29M	220.00M	220.00M	220.00M	220.00M
Total Common Shares Outstanding	219.29M	220.00M	220.00M	220.00M	220.00M
Working Capital	-40.24M	-18.93M	-18.59M	-1.68M	7.58M

Income Statement Balance Sheet Cash Flow Ratios

Annual Quarterly

Annual (KWD)

	2025Dec 31, 2025	2024Dec 31, 2024	2023Dec 31, 2023	2022Dec 31, 2022	2021Dec 31, 2021
Assets
Cash & Equivalents	48.83M	48.41M	32.90M	52.27M	50.06M
Cash & Short-Term Investments	48.83M	48.41M	32.90M	52.27M	50.06M
Receivables	11.74M	13.64M	22.42M	17.50M	14.74M
Inventory	4.59M	7.98M	4.32M	2.43M	1.20M
Current Assets	68.37M	72.87M	61.35M	73.72M	68.30M
PP&E	259.74M	261.07M	215.22M	189.26M	147.41M
Total Assets	332.78M	336.49M	286.44M	272.10M	225.19M
Liabilities
Accounts Payable	8.24M	6.21M	4.92M	4.10M	7.31M
Current Liabilities	108.62M	91.79M	79.94M	75.40M	60.72M
Long-Term Debt	36.89M	61.50M	28.50M	4.43M	5.29M
Short-Term Debt	—	—	5.45M	0.98M	—
Total Debt	172.43M	204.99M	185.81M	162.14M	142.95M
Total Liabilities	285.32M	301.05M	260.94M	235.57M	195.10M
Equity & Ownership
Retained Earnings	26.12M	13.44M	3.50M	14.53M	8.08M
Total Equity	47.47M	35.44M	25.50M	36.53M	30.08M
Net Debt	123.60M	156.57M	152.91M	109.87M	92.89M
Shares Outstanding	219,289,110	220,000,000	220,000,000	220,000,000	220,000,000
Cash & Assets
Total Assets	332.78M	336.49M	286.44M	272.10M	225.19M
Total Current Assets	68.37M	72.87M	61.35M	73.72M	68.30M
Cash & Equivalents	48.83M	48.41M	32.90M	52.27M	50.06M
Cash & Short-Term Investments	48.83M	48.41M	32.90M	52.27M	50.06M
Net Cash (Debt)	-123.60M	-156.57M	-152.91M	-109.87M	-92.89M
Net Cash Per Share	-0.56	-0.71	-0.70	-0.50	-0.44
Cash Growth	+0.9%	+47.1%	-37.0%	+4.4%	+154.5%
Accounts Receivable	6.17M	5.77M	7.61M	7.01M	8.45M
Other Receivables	5.56M	7.87M	14.81M	10.48M	6.30M
Receivables	11.74M	13.64M	22.42M	17.50M	14.74M
Inventory	4.59M	7.98M	4.32M	2.43M	1.20M
Prepaid Expenses	3.17M	2.74M	1.46M	1.20M	0.99M
Construction In Progress	67.57M	51.74M	38.68M	26.44M	3.22M
Machinery	93.92M	89.88M	33.94M	13.00M	11.71M
Leasehold Improvements	18.56M	18.03M	17.95M	17.63M	17.46M
Property, Plant & Equipment	259.74M	261.07M	215.22M	189.26M	147.41M
Other Current Assets	0.04M	0.10M	0.24M	0.33M	1.31M
Other Long-Term Assets	4.67M	2.55M	9.87M	9.13M	9.47M
Long-Term Leases	99.40M	110.71M	125.72M	133.40M	116.15M
Current Portion of Leases	18.03M	18.78M	25.14M	22.49M	20.67M
Liabilities & Obligations
Total Liabilities	285.32M	301.05M	260.94M	235.57M	195.10M
Total Liabilities & Equity	332.78M	336.49M	286.44M	272.10M	225.19M
Total Current Liabilities	108.62M	91.79M	79.94M	75.40M	60.72M
Accounts Payable	8.24M	6.21M	4.92M	4.10M	7.31M
Accrued Expenses	21.70M	18.40M	18.94M	19.81M	12.94M
Current Income Taxes Payable	7.29M	7.49M	5.83M	4.55M	1.05M
Current Unearned Revenue	16.39M	12.84M	10.13M	14.36M	6.36M
Other Current Liabilities	18.86M	14.08M	8.54M	8.27M	11.55M
Pension & Post-Retirement Benefits	5.78M	4.68M	3.89M	2.91M	2.30M
Other Long-Term Liabilities	34.63M	32.37M	22.88M	19.43M	10.65M
Debt & Funding
Long-Term Debt	36.89M	61.50M	28.50M	4.43M	5.29M
Short-Term Debt	—	—	5.45M	0.98M	—
Total Debt	172.43M	204.99M	185.81M	162.14M	142.95M
Current Portion of Long-Term Debt	18.11M	14.00M	1.00M	0.85M	0.84M
Equity & Book Value
Shareholders' Equity	47.47M	35.44M	25.50M	36.53M	30.08M
Common Stock	22.00M	22.00M	22.00M	22.00M	22.00M
Retained Earnings	26.12M	13.44M	3.50M	14.53M	8.08M
Treasury Stock	-1.00M	—	—	—	—
Comprehensive Income & Other	352.75K	—	—	—	—
Book Value Per Share	0.22	0.16	0.12	0.17	0.14
Tangible Book Value	47.47M	35.44M	25.50M	36.53M	30.08M
Tangible Book Value Per Share	0.22	0.16	0.12	0.17	0.14
Filing Date Shares Outstanding	219.29M	220.00M	220.00M	220.00M	220.00M
Total Common Shares Outstanding	219.29M	220.00M	220.00M	220.00M	220.00M
Working Capital	-40.24M	-18.93M	-18.59M	-1.68M	7.58M