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Jazeera Airways Co K.S.C.P

JAZEERA • Kuwait Boursa

1.720 KWD+1.78%

Sector

Consumer Discretionary

Last Updated

9/3/2026

About JAZEERA

Jazeera Airways K.S.C.P. engages in providing air transportation and commercial passenger services in Kuwait, the Middle East, Central and South Asia, and Europe. It operates through the Passenger Airline Service and Terminal Operations segments. The company operates a fleet of Airbus A320 and A320neo aircraft. It also owns and operates a terminal at Kuwait International Airport. In addition, the company provides park and fly remote check-in services; and air cargo services, including general, perishable cargo services, express courier, unaccompanied bags, human remains, and dangerous goods. In addition, the company offers tourism, travel, and freight services, including land conveyance, holidays, car rentals, and other touristic activities, as well as management, marketing, and consultancy services in the aviation sector. It offers its services through its website and mobile app. The company was incorporated in 2004 and is based in Kuwait City, Kuwait.

Headquarters

Kuwait City, Kuwait

Industry

Consumer Discretionary

Exchange

Boursa Kuwait

Key Metrics

Stock & Valuation

Stock Price:1.720 KD
EPS:0.099 KD
P/E Ratio:17.4
Price to Book:0.04
Dividend Yield:4.83%

Profitability

Net Profit:21.8M KD
Revenue:218.1M KD
Gross Margin:15.8%
Operating Margin:0.0%
Net Margin:10.0%

Returns

ROE:45.8%
ROA:6.5%
Total Assets:332.8M
Total Equity:47.5M
Operating Cash Flow:69.3M KD

Financial Health

Current Ratio:0.63
Debt to Equity:6.01
Cash:48.8M KD
Total Liabilities:285.3M KD
Net Cash Position:-236.5M KD

JAZEERA annual financials

Jazeera Airways Co K.S.C.P — revenue, net profit, assets, equity and earnings per share, 20202025. Source: audited annual reports filed to Boursa Kuwait.

Jazeera Airways Co K.S.C.P (JAZEERA) annual financial results in Kuwaiti dinars
YearRevenueNet profitTotal assetsEquityEPS
2025KD 218.1mKD 21.8mKD 332.8mKD 47.5m98.9 fils
2024KD 208.6mKD 10.2mKD 336.5mKD 35.4m46.3 fils
2023KD 198.1mKD 6.1mKD 286.4mKD 25.5m27.9 fils
2022KD 182.1mKD 20.1mKD 272.1mKD 36.5m91.3 fils
2021KD 80.4mKD 7.1mKD 225.2mKD 30.1m33.3 fils
2020KD 41.4mKD -26.4mKD 162.6mKD 12.0m-132.0 fils

Latest earnings call — Q2 2026

Jazeera Airways Co K.S.C.P analyst conference, 17 August 2026

Jazeera Airways navigated a severe operational disruption in H1 2026 caused by a 57-day closure of Kuwait International Airport (ended April 26), driving H1 net profit down 10.3% YoY to KWD 9.6M despite a sharp Q2 rebound (+99% YoY net profit to KWD 9.6M on revenue up 45% to KWD 70.7M). Q2 results were artificially boosted by supply scarcity and emergency busing/relocation via Saudi Arabia (Mission Barakah), allowing yields (+145% YoY) and RASK (+99.3% YoY) to surge. However, business momentum is decelerating rapidly into H2 2026 due to operational curfews (4:00 AM–10:00 PM), a ban on transit traffic, unhedged high jet fuel prices (~$130–$160/bbl), and a normalization of yields as foreign competitors restore capacity. Management explicitly cautioned that the company is "not out of the woods" and guided for a weak Q3 and subdued Q4.

Full brief: numbers that matter, guidance, analyst pushback, risks · ~550 words

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Dividend History

Latest DPS

0.083 KD

Year 2026

Dividend Yield

4.83%

Annual

Avg DPS

0.047 KD

7 years

Growth

+137.1%

7 years

Recent Payments

2026 Dividend(interim)

0.083 KD

Paid 6/11/2026

2025 Dividend(annual)

0.083 KD

Paid 6/11/2026

2024 Dividend(annual)

0.040 KD

Paid 4/16/2025