Jazeera Airways Co. (ksc) · KSE:JAZEERA
Jazeera Airways Co. (ksc) — Jazeera Airways — Q3 2025 Earnings Presentation
27 slides from Jazeera Airways Co. (ksc)'s earnings presentation, Nov 2, 2025
Slide 1: 3Q25 Earnings Webcast
3Q25 Earnings Webcast 02 NOVEMBER 2025
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: eee
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Slide 5: Highlights: Al Qadsia Football Club sponsorship
Highlights Main Sponsor and Official Carrier of one of Kuwait's most celebrated institutions, Al Qadsia Football Club
Slide 6: Highlights: Launch of direct flights to Aleppo
Highlights Launch of direct flights to Aleppo after 15 years, starting 5 Dec 2025
Slide 7: Kuwait Aviation Safety Forum – Oct 2025
Kuwait Aviation Safety Forum – 28 Oct 2025 Jazeera Airways organizes The First Kuwait Aviation Safety Forum
Slide 8: Visit Kuwait
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Slide 9: Agenda
Agenda Outlook for 4Q25 Operational Performance Financial Review Operational & Financial Headlines CEO Introduction Q&A
Slide 10: Operational & Financial Headlines
Operational & Financial Headlines
Slide 11: 3Q25 Operational Headlines
3Q25 Operational Headlines PASSENGERS LOAD FACTOR UTILIZATION YIELD 3Q25: 1,455 k 3Q25: 78.0% 3Q25: 13.6 hrs 3Q25: KWD47.0 3Q24: 1,409 k +3.3% 3Q24: 80.6% -2.5% 3Q24: 13.2 hrs +2.9% 3Q24: KWD45.0 +4.5% RASK CASK CASK (ex-fuel) 3Q25: 19.5 KWfils 3Q25: 16.8 KWfils 3Q25: 12.2 KWfils -3.0% -3.9% +3.3% 3
Slide 12: 9M25 Operational Headlines
9M25 Operational Headlines PASSENGERS LOAD FACTOR UTILIZATION YIELD 9M25: 3,720 k 9M25: 76.5% 9M25: 12.3 hrs 9M25: KWD45.2 +1.3% -1.6% +0.6% 9M24:KWD43.8 +3.2% 9M24: 3,672 k 9M24: 78.1% 9M24: 12.2 hrs RASK CASK CASK (ex-fuel) 9M25: 18.2 KWfils 9M25: 16.8 KWfils 9M25: 12.0 KWfils -4.0% 9M24: 18.0 KWf
Slide 13: 3Q25 Financial Headlines
3Q25 Financial Headlines REVENUE OPERATING PROFIT NET PROFIT 3Q25: KWD69.4 mn 3Q25: KWD14.9 mn 3Q24: KWD64.6 mn +7.5% 3Q24: KWD12.7 mn +17.2% 3Q25: KWD13.5 mn +15.9% 3Q24: KWD11.6 mn • 3Q25 net profit includes fx gain of KWD0.7 mn versus a gain of KWD0.9 mn in 3Q24.
Slide 14: 9M25 Financial Headlines
9M25 Financial Headlines REVENUE OPERATING PROFIT NET PROFIT 9M25: KWD171.6 mn 9M25: KWD26.5 mn 9M25: KWD23.0 mn 9M24: KWD163.5 mn +4.9% 9M24: KWD20.7 mn +28.0% 9M24: KWD14.4 mn +60.3% • 9M24 net profit includes fx loss of KWD1.0 mn. • 9M25 net profit includes fx gain of KWD1.0 mn and KWD1.5 mn gain
Slide 15: Ancillary Revenue Headlines 3Q25 and 9M25
Operational Headlines TOTAL PER 3Q25 ANCILLARY REVENUE PASSENGER 3Q25: KWD9.5 mn 3Q25: KWD6.5 3Q24: KWD6.6 mn +42.7% 3Q24: KWD4.7 +38.2% TOTAL PER 9M25 ANCILLARY REVENUE PASSENGER 9M25: KWD22.4 mn 9M25: KWD6.0 9M24: KWD16.9 mn +32.5% 9M24: KWD4.6 +30.8%
Slide 16: 9M25 Market Share & Passengers Distribution
9M25 Market Share & Passengers Distribution MARKET SHARE PASSENGERS GEOGRAPHIC PASSENGERS GEOGRAPHIC DISTRIBUTION – 9M24 DISTRIBUTION – 9M25 30.1 % at KWI Other, Other, 14.2% 15.2% 30.1% GCC, 36.3% GCC, 33.7% Europe, Europe, 14.3% 10.7% Subcontinent, 29.8% Subcontinent, 18.2% 15.6% Egypt, Egypt, 19.
Slide 17: Operational Performance
Operational Performance
Slide 18: 9M24 9M25 Destinations
New Routes Abha Damascus Sochi Yerevan 9M24 9M25 64 72 Destinations Destinations
Slide 19: 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 20: Financial Review
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Slide 21: 3Q25 & 9M25 Key Parameters
3Q25 & 9M25 Key Parameters 3Q24 Vs 3Q25 9M24 Vs 9M25 OPERATING PARAMETERS 3 Q24 3Q25 CHANGE OPERATING PARAMETERS 9M24 9M25 CHANGE AVERAGE AIRCRAFT 23.4 24.0 2.4% AVERAGE AIRCRAFT 23.1 24.0 3.7% DESTINATIONS 59.0 64.0 8.5% DESTINATIONS 64.0 72.0 12.5% REVENUE DRIVERS 3Q24 3Q25 CHANGE REVENUE DRIVERS
Slide 22: 3Q25 Vs 9M25 Financial Performance
3Q25 Vs 9M25 Financial Performance 3Q24 Vs 3Q25 KWD Mn 3Q24 3Q25 CHANGE • Revenue was 7.5% higher due to increase in operations, growth in passenger REVENUE 64.6 69.4 7.5% numbers and improved yield compared to 3Q24. OPERATING EXPENSES -51.9 -54.5 5.1% • Operating expenses were 5.1% higher than the
Slide 23: Outlook
Outlook
Slide 24: Outlook for 4Q25
Outlook for 4Q25 Visit Kuwait and facilitation of visa procedures to More travel normalization in 4Q25 impacted by stimulate inbound travel and enhance tourism. additional traffic rights to India and resumption of flights to Damascus and Aleppo. Seat densification program ongoing according to KIA la
Slide 25: 3Q25 Key Performance Metrics
3Q25 Key Performance Metrics Quarterly Passengers (000) Quarterly Yield (KWD) BRENT Vs. SINGJET Swap (USD/BBL) 1,455 1,409 46.5 47.0 SINGJET Swap BRENT Swap 45.0 91.7 88.4 90.2 1,247 1,244 42.0 86.1 81.1 78.7 35.1 74.0 75.0 66.8 68.2 1,020 3Q24 4Q24 1Q25 2Q25 3Q25 3Q24 4Q24 1Q25 2Q25 3Q25 3Q24 4Q24
Slide 26: -ayjall a
-ayjall a Jazeera. 2D
Slide 27: Thank You
For more information, please contact Investor Relations investorrelations@jazeeraairways.com Jazeera Airways KSCP is listed on the Krishnan Balakrishnan Kuwait Stock Exchange krishnan.balakrishnan@jazeeraairways.com Bloomberg Reuters For latest investor information Jazeera KK JAZK.KW investorrelatio