JAZEERA AIRWAYS CO.

Jazeera Airways Co. (KSC)

JAZEERAStocksBoursa KuwaitTransportation

Financials

Income Statement Balance Sheet Cash Flow Ratios

Annual Quarterly

Quarterly (KWD)

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	18.15M	19.60M	19.88M	11.72M	8.55M
Free Cash Flow	5.68M	15.11M	18.66M	11.04M	-43.34M
Capital Expenditures	-12.47M	-4.49M	-1.22M	-0.68M	-51.89M
Investing & Financing
Investing Cash Flow	-11.22M	-12.83M	15.69M	-5.46M	-46.51M
Financing Cash Flow	-6.36M	-17.16M	-24.93M	-4.68M	26.94M
Dividends Paid	—	—	-8.80M	—	—
Share Repurchase	-155.41K	-560.56K	-288.29K	—	—
Operating Activities
Operating Cash Flow	18.15M	19.60M	19.88M	11.72M	8.55M
Net Income	-1.26M	13.48M	4.83M	4.72M	-4.18M
Change in Accounts Payable	-2.89M	4.16M	-1.96M	5.09M	2.92M
Change in Accounts Receivable	2.31M	-2.32M	6.90M	-5.94M	0.78M
Change in Inventory	6.44M	-1.07M	-1.42M	-0.55M	-0.89M
Change in Other Net Operating Assets	1.19M	2.40M	-0.02M	1.50M	-0.16M
Change in Unearned Revenue	5.64M	-5.93M	5.42M	-1.57M	2.81M
Change in Working Capital	12.69M	-2.77M	8.92M	-1.47M	5.46M
Other Operating Activities	-0.01M	2.71M	1.96M	2.34M	0.89M
Depreciation & Amortization	6.38M	6.19M	5.70M	6.13M	6.38M
Stock-Based Compensation	352.75K	—	—	—	—
Cash Interest Paid	1.74M	2.21M	2.31M	2.34M	1.74M
Miscellaneous Cash Flow Adjustments	—	—	—	—	—
Investing Activities
Investing Cash Flow	-11.22M	-12.83M	15.69M	-5.46M	-46.51M
Capital Expenditures	-12.47M	-4.49M	-1.22M	-0.68M	-51.89M
Investment in Securities	4.96M	-9.14M	11.53M	-5.37M	4.57M
Other Investing Activities	1.06M	0.80M	0.61M	0.59M	0.81M
Sale of Property, Plant & Equipment	-4.77M	—	4.77M	—	—
Loss (Gain) From Sale of Assets	—	—	-1.55M	—	—
Loss (Gain) on Sale of Investments	—	—	—	—	—
Financing Activities
Financing Cash Flow	-6.36M	-17.16M	-24.93M	-4.68M	26.94M
Common Dividends Paid	—	—	-8.80M	—	—
Issuance of Common Stock	—	—	—	—	—
Repurchase of Common Stock	-155.41K	-560.56K	-288.29K	—	—
Long-Term Debt Issued	—	—	—	5.00M	—
Total Debt Issued	4.00M	5.00M	6.00M	5.00M	34.00M
Long-Term Debt Repaid	—	—	—	-7.35M	—
Total Debt Repaid	-8.46M	-19.39M	-19.53M	-7.35M	-5.33M
Net Debt Issued (Repaid)	-4.46M	-14.39M	-13.53M	-2.35M	28.67M
Other Financing Activities	-1.74M	-2.21M	-2.31M	-2.34M	-1.74M
Free Cash Flow & Returns
Free Cash Flow	5.68M	15.11M	18.66M	11.04M	-43.34M
Free Cash Flow Growth	—	-18.2%	+7.9%	+39.2%	—
Free Cash Flow Margin	+12.2%	+21.8%	+38.4%	+20.6%	-96.2%
Free Cash Flow Per Share	0.03	0.07	0.09	0.05	-0.20
Levered Free Cash Flow	5.79M	9.64M	7.36M	14.62M	-31.28M
Unlevered Free Cash Flow	7.08M	11.01M	8.82M	16.09M	-29.89M
Operating Cash Flow Growth	+112.3%	+3.6%	+2.1%	+41.7%	—
Net Cash Flow	0.57M	-10.38M	10.63M	1.57M	-11.03M

Income Statement Balance Sheet Cash Flow Ratios

Annual Quarterly

Quarterly (KWD)

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	18.15M	19.60M	19.88M	11.72M	8.55M
Free Cash Flow	5.68M	15.11M	18.66M	11.04M	-43.34M
Capital Expenditures	-12.47M	-4.49M	-1.22M	-0.68M	-51.89M
Investing & Financing
Investing Cash Flow	-11.22M	-12.83M	15.69M	-5.46M	-46.51M
Financing Cash Flow	-6.36M	-17.16M	-24.93M	-4.68M	26.94M
Dividends Paid	—	—	-8.80M	—	—
Share Repurchase	-155.41K	-560.56K	-288.29K	—	—
Operating Activities
Operating Cash Flow	18.15M	19.60M	19.88M	11.72M	8.55M
Net Income	-1.26M	13.48M	4.83M	4.72M	-4.18M
Change in Accounts Payable	-2.89M	4.16M	-1.96M	5.09M	2.92M
Change in Accounts Receivable	2.31M	-2.32M	6.90M	-5.94M	0.78M
Change in Inventory	6.44M	-1.07M	-1.42M	-0.55M	-0.89M
Change in Other Net Operating Assets	1.19M	2.40M	-0.02M	1.50M	-0.16M
Change in Unearned Revenue	5.64M	-5.93M	5.42M	-1.57M	2.81M
Change in Working Capital	12.69M	-2.77M	8.92M	-1.47M	5.46M
Other Operating Activities	-0.01M	2.71M	1.96M	2.34M	0.89M
Depreciation & Amortization	6.38M	6.19M	5.70M	6.13M	6.38M
Stock-Based Compensation	352.75K	—	—	—	—
Cash Interest Paid	1.74M	2.21M	2.31M	2.34M	1.74M
Miscellaneous Cash Flow Adjustments	—	—	—	—	—
Investing Activities
Investing Cash Flow	-11.22M	-12.83M	15.69M	-5.46M	-46.51M
Capital Expenditures	-12.47M	-4.49M	-1.22M	-0.68M	-51.89M
Investment in Securities	4.96M	-9.14M	11.53M	-5.37M	4.57M
Other Investing Activities	1.06M	0.80M	0.61M	0.59M	0.81M
Sale of Property, Plant & Equipment	-4.77M	—	4.77M	—	—
Loss (Gain) From Sale of Assets	—	—	-1.55M	—	—
Loss (Gain) on Sale of Investments	—	—	—	—	—
Financing Activities
Financing Cash Flow	-6.36M	-17.16M	-24.93M	-4.68M	26.94M
Common Dividends Paid	—	—	-8.80M	—	—
Issuance of Common Stock	—	—	—	—	—
Repurchase of Common Stock	-155.41K	-560.56K	-288.29K	—	—
Long-Term Debt Issued	—	—	—	5.00M	—
Total Debt Issued	4.00M	5.00M	6.00M	5.00M	34.00M
Long-Term Debt Repaid	—	—	—	-7.35M	—
Total Debt Repaid	-8.46M	-19.39M	-19.53M	-7.35M	-5.33M
Net Debt Issued (Repaid)	-4.46M	-14.39M	-13.53M	-2.35M	28.67M
Other Financing Activities	-1.74M	-2.21M	-2.31M	-2.34M	-1.74M
Free Cash Flow & Returns
Free Cash Flow	5.68M	15.11M	18.66M	11.04M	-43.34M
Free Cash Flow Growth	—	-18.2%	+7.9%	+39.2%	—
Free Cash Flow Margin	+12.2%	+21.8%	+38.4%	+20.6%	-96.2%
Free Cash Flow Per Share	0.03	0.07	0.09	0.05	-0.20
Levered Free Cash Flow	5.79M	9.64M	7.36M	14.62M	-31.28M
Unlevered Free Cash Flow	7.08M	11.01M	8.82M	16.09M	-29.89M
Operating Cash Flow Growth	+112.3%	+3.6%	+2.1%	+41.7%	—
Net Cash Flow	0.57M	-10.38M	10.63M	1.57M	-11.03M