Jazeera Airways Co. (ksc) · KSE:JAZEERA
Jazeera Airways Co. (ksc) — Jazeera Airways — Q2 2025 Earnings Presentation
24 slides from Jazeera Airways Co. (ksc)'s earnings presentation, Aug 12, 2025
Slide 1: 2Q25 Earnings Webcast
2Q25 Earnings Webcast 12 AUGUST 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: Agenda
Agenda Outlook for 3Q25 Operational & 2025 Performance Financial Review Operational & Financial Headlines CEO Introduction Q&A
Slide 5: Operational & Financial Headlines
Operational & Financial Headlines
Slide 6: 2Q25 Operational Headlines
2Q25 Operational Headlines PASSENGERS LOAD FACTOR UTILIZATION YIELD 2Q25: 1,020 k 2Q25: 72.0% 2Q25: 11.2 hrs 2Q25: KWD44.0 -7.9% -2.0% -6.0% -0.5% 2Q24: 1,108 k 2Q24: 74.0% 2Q24: 11.9 hrs 2Q24: KWD44.3 RASK CASK CASK (ex-fuel) 2Q25: 16.7 KWfils 2Q25: 16.6 KWfils 2Q25: 12.0 KWfils -12.4% 2Q24: 18.1 K
Slide 7: 1H25 Operational Headlines
1H25 Operational Headlines PASSENGERS LOAD FACTOR UTILIZATION YIELD 1H25: 2,265 k 1H25: 75.5% 1H25: 11.7 hrs 1H25: KWD42.0 +0.1% -1.1% -0.7% +2.9% 1H24: 2,263 k 1H24: 76.6% 1H24: 11.8 hrs 1H24:KWD40.8 RASK CASK CASK (ex-fuel) 1H25: 17.4 KWfils 1H25: 16.8 KWfils 1H25: 12.0 KWfils 1H25: 18.3 KWfils -4
Slide 8: 2Q25 Financial Headlines
2Q25 Financial Headlines REVENUE OPERATING PROFIT NET PROFIT 2Q25: KWD48.6 mn 2Q25: KWD4.8 mn 2Q25: KWD4.8 mn 2Q24: KWD52.6 mn -7.5% 2Q24: KWD6.7 mn -28.4% 2Q24: KWD5.4 mn -11.0% • 2Q24 net profit includes fx gain of KWD0.6 mn. • 2Q25 net profit includes fx gain of KWD0.4 mn and KWD1.5 mn gain from
Slide 9: 1H25 Financial Headlines
1H25 Financial Headlines REVENUE OPERATING PROFIT NET PROFIT 1H25: KWD102.2 mn 1H25: KWD11.6 mn 1H25: KWD9.6 mn 1H24: KWD98.9 mn +3.3% 1H24: KWD8.0 mn +45.1% 1H24: KWD2.7 mn +249.5% • 1H24 net profit includes fx loss of KWD1.9 mn. • 1H25 net profit includes fx gain of KWD0.3 mn and KWD1.5 mn gain fr
Slide 10: 2Q25 Operational Headlines: Cargo and Ancillary Revenue
2Q25 Operational Headlines CARGO REVENUE 2Q25: KWD671 k 2Q24: KWD523 k +28.4% TOTAL PER = ANCILLARY REVENUE 2Q25: KWD6.5 mn PASSENGER 2Q25: KWD6.3 PASSENGER 2Q24: KWD5.2 mn +24.8% 2Q24: KWD4.7 +35.6% ANCILLARY REVENUE 2Q25: KWD5.8 mn 2Q24: KWD4.6 mn +24.5%
Slide 11: 1H25 Operational Headlines: Cargo and Ancillary Revenue
1H25 Operational Headlines CARGO REVENUE 1H25: KWD1.3 mn 1H24: KWD1.0 mn +32.6% TOTAL PER = ANCILLARY REVENUE 1H25: KWD12.2 mn PASSENGER 1H25: KWD5.4 PASSENGER 1H24: KWD9.6 mn +27.2% 1H24: KWD4.2 +27.1% ANCILLARY REVENUE 1H25: KWD10.9 mn 1H24: KWD8.6 mn +26.6%
Slide 12: 1H25 Market Share & Passengers Distribution
1H25 Market Share & Passengers Distribution MARKET SHARE PASSENGERS GEOGRAPHIC PASSENGERS GEOGRAPHIC DISTRIBUTION – 1H24 DISTRIBUTION – 1H25 29.5 % at KWI Other, Other, 15% 17% 29.5% Europe, Europe, 10% 7% GCC, 36% GCC, 39% Egypt, 19% Egypt, 22% 28.8% Subcontinent, 19% Subcontinent, 17% 1H24 1H25 1H
Slide 13: Operational Performance
sayjjall _ Jazeera. or Performance
Slide 14: Destinations and New Routes
New Routes Abha Budapest Damascus Hurghada Sarajevo Sochi Yerevan 1H24 1H25 62 66 Destinations Destinations
Slide 15: Outlook
Outlook
Slide 16: Outlook for 3Q25 and FY2025
Outlook for 3Q25 and FY2025 Demand shifts to August and September as a result of the disturbance that took place in June and early July. Initial demand dislocation at start of the summer season, demand remains strong in the latter part. Continue nimble rebalancing of capacity and exit of Seat densif
Slide 17: Terminal 5 Performance
Terminal 5 Performance KWD3.7 mn KWD3.0 mn KWD2.7 mn 2Q25 Revenue Operating Profit Net Profit 2Q24: KWD3.5 mn 2Q24: KWD2.9 mn 2Q24: KWD2.6 mn +4.9% +4.3% +3.8% KWD7.1 mn KWD5.8 mn KWD5.1 mn 1H25 Revenue Operating Profit Net Profit 1H24: KWD6.6 mn 1H24: KWD5.4 mn 1H24: KWD4.8 mn +7.0% +7.3% +6.0% Ret
Slide 18: Financial Review
Financial Review
Slide 19: 2Q25 & 1H25 Key Parameters
2Q25 & 1H25 Key Parameters 2Q24 Vs 2Q25 1H24 Vs 1H25 OPERATING PARAMETERS 2 Q24 2Q25 CHANGE OPERATING PARAMETERS 1H24 1H25 CHANGE AVERAGE AIRCRAFT 23.0 24.0 4.3% AVERAGE AIRCRAFT 23.0 24.0 4.3% DESTINATIONS 61.0 61.0 0.0% DESTINATIONS 62.0 66.0 6.5% REVENUE DRIVERS 2Q24 2Q25 CHANGE REVENUE DRIVERS 1
Slide 20: 2Q24 Vs 2Q25 Financial Performance
2Q24 Vs 2Q25 Financial Performance 2Q24 Vs 2Q25 KWD mn 2Q24 2Q25 CHANGE • Revenue decreased 7.5% as operations in June were reduced due to geo- political events. REVENUE 52.6 48.6 -7.5% • Operating expenses were 4.5% lower due to a decrease in operations partially OPERATING EXPENSES -45.9 -43.8 -4.5
Slide 21: 2Q25 Key Performance Metrics
2Q25 Key Performance Metrics Quarterly Passengers (000) Quarterly Yield (KWD) BRENT Vs. SINGJET Swap (USD/BBL) 44.3 44.0 1,409 42.7 SINGJET Swap BRENT Swap 40.3 98.6 91.7 88.4 90.2 1,247 1,244 81.1 1,108 85.0 78.7 74.0 75.0 1,020 66.8 33.7 2Q24 3Q24 4Q24 1Q25 2Q25 2Q24 3Q24 4Q24 1Q25 2Q25 2Q24 3Q24
Slide 22: Operational Outlook
Operational Outlook Geopolitical Unrest The 12-days war dislocated network ops and limited Jazeera’s upside potential in June and early July. COSTS Continue to focus on cost India Traffic Rights transformation initiatives driving CASK lower with overflying Syria a Following 18 years of no major boos
Slide 23: -épjall
-épjall Jazeera.
Slide 24: 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