Jazeera Airways Co. (ksc) · KSE:JAZEERA
Jazeera Airways Co. (ksc) — Jazeera Airways — FY2025 Earnings Presentation
28 slides from Jazeera Airways Co. (ksc)'s earnings presentation, Feb 10, 2026
Slide 1: 4Q25 & FY25 Earnings Webcast
4Q25 & FY25 Earnings Webcast 10 FEBRUARY 2026
Slide 2: Starting Shortly...
Starting Shortly...
Slide 3: Disclaimer
Disclaimer The content and information of this document is only intended to provide users with financial and operational information about Jazeera Airways. No warrant or representation is made by Jazeera Airways for the contents of this document and in no way is the material provided in it intended
Slide 4: Highlights
Highlights Main Sponsor and Official Carrier of one of Kuwait's most celebrated sports institutions, Al Qadsia Football Club
Slide 5: Highlights
Highlights Restoring direct air connectivity Launched direct flights to Abha, Abu to Damascus, Syria after 13 Dhabi, Al Ain, Budapest, Hurghada, years Sarajevo, Sochi & Yerevan
Slide 6: Highlights
Highlights Awarded a national non-scheduled (charter) air carrier tender by the KSA General Authority of Civil Aviation (GACA)
Slide 7: Highlights
Highlights Aircraft with new ultra-light New airside engineering TiSeat 2 from Expliseat now in building for operations operation support Ground breaking with British Trade Delegation at the new A320neo Full Flight Simulator location
Slide 8: Visit Kuwait
@ thetimeskuwait Visit ai: Jazeera. (eee eee aii ciki—atllh oy ah ‘Visit Kuwait" ys Malu) a onl! 5, ajall CxS alos CA visit== ess patedsey ale, with entities from the pu institutions, as part of it sgjonal and international to www.timeskuwait.com
Slide 9: Kuwait Aviation Safety Forum – Oct 2025
Kuwait Aviation Safety Forum – 28 Oct 2025 Organized the First Kuwait Aviation Safety Forum 2025
Slide 10: Agenda
Agenda Outlook for 4Q25 Operational Performance Financial Review Operational & Financial Headlines CEO Introduction Q&A
Slide 11: Operational & Financial Headlines
Operational & Financial Headlines
Slide 12: 4Q25 Operational Headlines
4Q25 Operational Headlines PASSENGERS LOAD FACTOR UTILIZATION YIELD 4Q25: 1,308 k 4Q25: 80.8% 4Q25: 12.7 hrs 4Q25: KWD35.6 +4.9% +1.4% 4Q24: 11.8 hrs +7.5% 4Q24: KWD36.1 -1.5% 4Q24: 1,247 k 4Q24: 79.4% RASK CASK CASK (ex-fuel) 4Q25: 15.0 KWfils 4Q25: 16.9 KWfils 4Q25: 11.8 KWfils +2.2% -4.4% -1.6% 4
Slide 13: FY25 Operational Headlines
FY25 Operational Headlines PASSENGERS LOAD FACTOR UTILIZATION YIELD FY25: 5,028 k FY25: 77.6% FY25: 12.4 hrs FY25: KWD43.4 +2.2% -0.9% +2.3% FY24:KWD42.4 +2.3% FY24: 4,919 k FY24: 78.4% FY24: 12.2 hrs RASK CASK CASK (ex-fuel) FY25: 17.4 KWfils FY25: 16.9 KWfils FY25: 12.0 KWfils -2.6% FY24: 17.9 KWf
Slide 14: 4Q25 Financial Headlines
4Q25 Financial Headlines REVENUE OPERATING PROFIT NET PROFIT 4Q25: KWD46.5 mn 4Q25: -KWD0.5 mn 4Q25: -KWD1.3 mn 4Q24: KWD45.0 mn +3.3% 4Q24: -KWD3.4 mn +85.9% 3Q24: -KWD4.2 mn +69.7%
Slide 15: FY25 Financial Headlines
FY25 Financial Headlines REVENUE OPERATING PROFIT NET PROFIT FY25: KWD218.1 mn FY25: KWD26.0 mn FY25: KWD21.8 mn FY24: KWD208.6 mn +4.6% FY24: KWD17.3 mn +50.7% FY24: KWD10.2 mn +113.7%
Slide 16: Ancillary Revenue
Ancillary Revenue TOTAL PER ANCILLARY REVENUE PASSENGER 4Q25 4Q25: KWD7.0 mn 4Q25: KWD5.4 4Q24: KWD4.8 mn 45.5% 4Q24: KWD3.9 38.7% TOTAL PER ANCILLARY REVENUE PASSENGER FY25 FY25: KWD29.4 mn FY25: KWD5.8 FY24: KWD21.7 mn 35.4% FY24: KWD4.4 32.5%
Slide 17: FY25 Market Share & Passengers Distribution
FY25 Market Share & Passengers Distribution MARKET SHARE PASSENGERS GEOGRAPHIC PASSENGERS GEOGRAPHIC DISTRIBUTION – FY24 DISTRIBUTION – FY25 30.3 % at KWI South Egypt, Egypt, Asia, South 19% 21% 16% Asia, 30.5% 16% Other, Europe, Europe, 17% 11% Other, 9% 30.3% 18% GCC, 35% GCC, FY24 FY25 37% FY25 m
Slide 18: Operational Performance
Operational Performance
Slide 19: New Routes
New Routes Abha Abu Dhabi Al Ain Budapest Hurghada Damascus Sarajevo Sochi Yerevan FY24 FY25 70 78 Destinations Destinations
Slide 20: T5 Enhancements
T5 Enhancements Boarding 1,200 Business 72 6 95% Hall Capacity Lounge Gates (#) Retail (Pax) +33% Capacity (Pax) +80% +20% Outlets +35% 30 3 Immigration 150 2,320 Smoking Kiosk Toilets (#) Queueing Room Check-ins +500% +200% Capacity (Pax) +275% +756% New Zone C Automatic Chute Conveyor New Business
Slide 21: Financial Review
Financial Review
Slide 22: 4Q25 & FY25 Key Parameters
4Q25 & FY25 Key Parameters 4Q24 Vs 4Q25 FY24 Vs FY25 OPERATING PARAMETERS 4Q24 4Q25 CHANGE OPERATING PARAMETERS FY24 FY25 CHANGE AVERAGE AIRCRAFT 24.0 23.0 -4.2% AVERAGE AIRCRAFT 23.4 23.8 1.7% DESTINATIONS 59.0 60.0 1.7% DESTINATIONS 70.0 78.0 11.4% REVENUE DRIVERS 4Q24 4Q25 CHANGE REVENUE DRIVERS
Slide 23: 4Q25 & FY25 Financial Performance
4Q25 & FY25 Financial Performance 4Q24 Vs 4Q25 KWD Mn 4Q24 4Q25 CHANGE • Revenues in 4Q24 were 3.3% higher YoY due to increased seat configuration REVENUE 45.1 46.5 3.3% (174 vs 168 in 4Q24) and increased load factors and passenger numbers. OPERATING EXPENSES -48.5 -47.0 -3.0% • Operating expenses w
Slide 24: Outlook
Outlook
Slide 25: Outlook for FY26
Outlook for FY26 Awarded a national non-scheduled air carrier license by Saudi Arabia’s GACA allowing operations of Visit Kuwait and facilitation of visa procedures to domestic and international charter services. stimulate inbound travel and enhance tourism. Seat densification program ongoing accord
Slide 26: 4Q25 Key Performance Metrics
4Q25 Key Performance Metrics Quarterly Passengers (000) Quarterly Yield (KWD) BRENT Vs. SINGJET Swap (USD/BBL) SINGJET Swap BRENT 1,455 47.0 46.5 Swap 1,308 88.4 90.2 86.1 88.2 1,247 1,244 42.0 81.1 36.1 74.0 75.0 35.6 66.8 68.2 63.1 1,020 4Q24 1Q25 2Q25 3Q25 4Q25 4Q24 1Q25 2Q25 3Q25 4Q25 4Q24 1Q25
Slide 27: -ayjall a
-ayjall a Jazeera. 29D
Slide 28: Thank You
For more information, please contact Investor Relations [email protected] Jazeera Airways KSCP is listed on the Krishnan Balakrishnan Kuwait Stock Exchange [email protected] Bloomberg Reuters JAZK.KW For latest investor information Jazeera KK investorrelatio