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
Operating Summary
Revenue	46.54M	69.41M	48.63M	53.56M	45.06M
Cost of Revenue	46.39M	50.67M	41.70M	44.89M	46.46M
Gross Profit	0.15M	18.74M	6.93M	8.67M	-1.39M
SG&A	0.56M	3.75M	2.03M	1.74M	1.72M
Operating Expenses	-0.47M	3.54M	0.06M	1.39M	0.10M
Operating Income	0.62M	15.19M	6.86M	7.28M	-1.49M
Interest Income	—	—	—	—	—
Interest Expense	-2.06M	-2.18M	-2.33M	-2.36M	-2.22M
Pretax Income	-1.46M	13.62M	4.89M	4.77M	-4.23M
Income Tax	-200.16K	143.90K	56.27K	54.10K	-48.83K
Net Income	-1.26M	13.48M	4.83M	4.72M	-4.18M
EBITDA	3.13M	17.71M	8.72M	9.58M	-0.15M
EBIT	0.62M	15.19M	6.86M	7.28M	-1.49M
EPS (Basic)	-0.01	0.06	0.02	0.02	-0.02
EPS (Diluted)	-0.01	0.06	0.02	0.02	-0.02
Margins & Efficiency
Gross Margin %	+0.3%	+27.0%	+14.2%	+16.2%	-3.1%
EBITDA Margin %	+6.7%	+25.5%	+17.9%	+17.9%	-0.3%
Net Margin %	-2.7%	+19.4%	+9.9%	+8.8%	-9.3%
Revenue & Income
Revenue	46.54M	69.41M	48.63M	53.56M	45.06M
Revenue Growth (YoY)	+3.3%	+7.5%	-7.5%	+15.5%	+15.0%
Interest & Investment Income	—	—	—	—	—
Gain (Loss) on Sale of Assets	—	—	—	—	—
Currency Exchange Gain (Loss)	-0.05M	0.73M	0.41M	-0.10M	-0.55M
Expenses & Provisions
Cost of Revenue	46.39M	50.67M	41.70M	44.89M	46.46M
Selling, General & Admin	0.56M	3.75M	2.03M	1.74M	1.72M
Operating Expenses	-0.47M	3.54M	0.06M	1.39M	0.10M
Other Operating Expenses	-1.11M	-0.31M	-2.04M	-0.47M	-1.95M
Interest Expense	-2.06M	-2.18M	-2.33M	-2.36M	-2.22M
D&A For EBITDA	2.51M	2.52M	1.86M	2.30M	1.35M
Profitability & Returns
Gross Profit	0.15M	18.74M	6.93M	8.67M	-1.39M
Gross Margin	+0.3%	+27.0%	+14.2%	+16.2%	-3.1%
EBIT	0.62M	15.19M	6.86M	7.28M	-1.49M
EBIT Margin	+1.3%	+21.9%	+14.1%	+13.6%	-3.3%
EBITDA	3.13M	17.71M	8.72M	9.58M	-0.15M
EBITDA Margin	+6.7%	+25.5%	+17.9%	+17.9%	-0.3%
EBT Excluding Unusual Items	-1.49M	13.75M	4.94M	4.81M	-4.27M
Pretax Income	-1.46M	13.62M	4.89M	4.77M	-4.23M
Operating Income	0.62M	15.19M	6.86M	7.28M	-1.49M
Operating Margin	+1.3%	+21.9%	+14.1%	+13.6%	-3.3%
Profit Margin	-2.7%	+19.4%	+9.9%	+8.8%	-9.3%
Net Income	-1.26M	13.48M	4.83M	4.72M	-4.18M
Net Income to Common	-1.26M	13.48M	4.83M	4.72M	-4.18M
Net Income Growth	—	+15.9%	-11.0%	—	—
Earnings From Continuing Ops.	-1.26M	13.48M	4.83M	4.72M	-4.18M
Income Tax Expense	-200.16K	143.90K	56.27K	54.10K	-48.83K
Effective Tax Rate	—	+1.1%	+1.2%	+1.1%	—
Per Share & Capital
EPS (Basic)	-0.01	0.06	0.02	0.02	-0.02
EPS (Diluted)	-0.01	0.06	0.02	0.02	-0.02
EPS Growth	—	+16.1%	-10.9%	—	—
Dividend Per Share	—	—	—	—	0.04
Shares Change (YoY)	-0	-0	-0	—	—
Shares Outstanding (Basic)	219.40M	219.50M	219.90M	220.00M	220.00M
Shares Outstanding (Diluted)	219.40M	219.50M	219.90M	220.00M	220.00M
Dividend Growth	—	—	—	—	—
Free Cash Flow	5.68M	15.11M	18.66M	11.04M	-43.34M
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
Payout Ratio	—	—	+182.0%	—	—
Supplemental
Other Unusual Items	20.37K	-126.02K	-46.63K	-44.55K	40.29K

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
Operating Summary
Revenue	46.54M	69.41M	48.63M	53.56M	45.06M
Cost of Revenue	46.39M	50.67M	41.70M	44.89M	46.46M
Gross Profit	0.15M	18.74M	6.93M	8.67M	-1.39M
SG&A	0.56M	3.75M	2.03M	1.74M	1.72M
Operating Expenses	-0.47M	3.54M	0.06M	1.39M	0.10M
Operating Income	0.62M	15.19M	6.86M	7.28M	-1.49M
Interest Income	—	—	—	—	—
Interest Expense	-2.06M	-2.18M	-2.33M	-2.36M	-2.22M
Pretax Income	-1.46M	13.62M	4.89M	4.77M	-4.23M
Income Tax	-200.16K	143.90K	56.27K	54.10K	-48.83K
Net Income	-1.26M	13.48M	4.83M	4.72M	-4.18M
EBITDA	3.13M	17.71M	8.72M	9.58M	-0.15M
EBIT	0.62M	15.19M	6.86M	7.28M	-1.49M
EPS (Basic)	-0.01	0.06	0.02	0.02	-0.02
EPS (Diluted)	-0.01	0.06	0.02	0.02	-0.02
Margins & Efficiency
Gross Margin %	+0.3%	+27.0%	+14.2%	+16.2%	-3.1%
EBITDA Margin %	+6.7%	+25.5%	+17.9%	+17.9%	-0.3%
Net Margin %	-2.7%	+19.4%	+9.9%	+8.8%	-9.3%
Revenue & Income
Revenue	46.54M	69.41M	48.63M	53.56M	45.06M
Revenue Growth (YoY)	+3.3%	+7.5%	-7.5%	+15.5%	+15.0%
Interest & Investment Income	—	—	—	—	—
Gain (Loss) on Sale of Assets	—	—	—	—	—
Currency Exchange Gain (Loss)	-0.05M	0.73M	0.41M	-0.10M	-0.55M
Expenses & Provisions
Cost of Revenue	46.39M	50.67M	41.70M	44.89M	46.46M
Selling, General & Admin	0.56M	3.75M	2.03M	1.74M	1.72M
Operating Expenses	-0.47M	3.54M	0.06M	1.39M	0.10M
Other Operating Expenses	-1.11M	-0.31M	-2.04M	-0.47M	-1.95M
Interest Expense	-2.06M	-2.18M	-2.33M	-2.36M	-2.22M
D&A For EBITDA	2.51M	2.52M	1.86M	2.30M	1.35M
Profitability & Returns
Gross Profit	0.15M	18.74M	6.93M	8.67M	-1.39M
Gross Margin	+0.3%	+27.0%	+14.2%	+16.2%	-3.1%
EBIT	0.62M	15.19M	6.86M	7.28M	-1.49M
EBIT Margin	+1.3%	+21.9%	+14.1%	+13.6%	-3.3%
EBITDA	3.13M	17.71M	8.72M	9.58M	-0.15M
EBITDA Margin	+6.7%	+25.5%	+17.9%	+17.9%	-0.3%
EBT Excluding Unusual Items	-1.49M	13.75M	4.94M	4.81M	-4.27M
Pretax Income	-1.46M	13.62M	4.89M	4.77M	-4.23M
Operating Income	0.62M	15.19M	6.86M	7.28M	-1.49M
Operating Margin	+1.3%	+21.9%	+14.1%	+13.6%	-3.3%
Profit Margin	-2.7%	+19.4%	+9.9%	+8.8%	-9.3%
Net Income	-1.26M	13.48M	4.83M	4.72M	-4.18M
Net Income to Common	-1.26M	13.48M	4.83M	4.72M	-4.18M
Net Income Growth	—	+15.9%	-11.0%	—	—
Earnings From Continuing Ops.	-1.26M	13.48M	4.83M	4.72M	-4.18M
Income Tax Expense	-200.16K	143.90K	56.27K	54.10K	-48.83K
Effective Tax Rate	—	+1.1%	+1.2%	+1.1%	—
Per Share & Capital
EPS (Basic)	-0.01	0.06	0.02	0.02	-0.02
EPS (Diluted)	-0.01	0.06	0.02	0.02	-0.02
EPS Growth	—	+16.1%	-10.9%	—	—
Dividend Per Share	—	—	—	—	0.04
Shares Change (YoY)	-0	-0	-0	—	—
Shares Outstanding (Basic)	219.40M	219.50M	219.90M	220.00M	220.00M
Shares Outstanding (Diluted)	219.40M	219.50M	219.90M	220.00M	220.00M
Dividend Growth	—	—	—	—	—
Free Cash Flow	5.68M	15.11M	18.66M	11.04M	-43.34M
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
Payout Ratio	—	—	+182.0%	—	—
Supplemental
Other Unusual Items	20.37K	-126.02K	-46.63K	-44.55K	40.29K