Financials AirAsia Group

Equities

Market Closed - BURSA MALAYSIA Other stock markets 08:59:46 12/03/2026 GMT			5-day change	1st Jan Change
0.4300 ^MYR	+1.18%		-14.00%	+3.61%

03-06	Airasia X Berhad Announces Redesignation of Dato' Fam Lee Ee from Non Independent Non-Executive Chairman to Non Independent Non-Executive Director ,Effective March 6, 2026	CI
02-26	Capital A Turns to Profit in Q4	MT

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026	2027
Net sales ¹	2,844	996.7	6,606	14,772	1,498	1,994	3,707	3,789
Change	-	-64.96%	562.79%	123.6%	-89.86%	33.16%	85.89%	2.21%
EBITDA	-630	-1,072	360.9	2,009	-663.2	-494.9	607.2	672.4
Change	-	-70.09%	133.68%	456.77%	-133%	25.38%	222.69%	10.74%
EBIT ¹	-2,700	-2,823	-1,126	280.5	-765.3	-602.8	443.7	489.3
Change	-	-4.57%	60.1%	124.9%	-372.85%	21.24%	173.62%	10.27%
Interest Paid ¹	-602	-648.1	-1,039	-1,199	-154.6	-194.5	-169.3	-157.2
Earnings before Tax (EBT) ¹	-5,584	-3,768	-3,169	533.4	-961.1	8,961	263.6	308.2
Change	-	32.52%	15.89%	116.83%	-280.17%	1,032.38%	-97.06%	16.92%
Net income ¹	-5,097	-3,119	-2,480	837	-475.1	13,034	192.2	243
Change	-	38.81%	20.47%	133.75%	-156.76%	2,843.27%	-98.53%	26.4%
Announcement Date	29/03/21	28/02/22	28/02/23	29/02/24	28/02/25	25/02/26	-	-

¹MYR in Million

Estimates

Fiscal Period: December	2020 Q4	2021 Q1	2021 Q2	2021 Q3	2021 Q4	2022 Q1	2022 Q2	2022 Q3	2022 Q4	2023 Q1	2024 Q1
Net sales ¹	233.4	205.1	187.8	118	462.5	-	-	1,961	2,368	2,530	5,241
Change	-	-12.15%	-8.43%	-37.15%	291.87%	-	-	-	20.77%	6.82%	107.19%
EBITDA	-213.4	-202.2	-196.8	-280.3	-366	-308.6	-	72.25	488.6	502.2	-
Change	-	5.25%	2.68%	-42.45%	-30.6%	15.7%	-	-	576.26%	2.79%	-
EBIT	-701.7	-648.1	-652.7	-733.6	-789.1	-689.4	-	-314.6	141	138.5	-
Change	-	7.64%	-0.72%	-12.39%	-7.56%	12.64%	-	-	144.81%	-1.8%	-
Charge d'intérêts	-	-	-	-	-	-	-	-	-	-	-
Earnings before Tax (EBT)	-	-808.9	-726.8	-1,112	-964	-1,076	-	-1,154	175.4	-	-
Change	-	-	10.15%	-52.94%	13.27%	-11.66%	-	-	115.2%	-	-
Net income ¹	-2,445	-588.1	-580.1	-887	-884.1	-903.8	-931.2	-901.3	256.2	-	-91.55
Change	-	75.94%	1.37%	-52.92%	0.33%	-2.23%	-3.04%	3.21%	128.42%	-	-
Announcement Date	29/03/21	27/05/21	08/09/21	22/11/21	28/02/22	26/05/22	26/08/22	30/11/22	28/02/23	28/04/23	29/05/24

¹MYR in Million

Estimates

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026	2027
Net Debt ¹	13,479	15,472	17,393	22,982	1,147	914	606	418
Change	-	14.79%	12.42%	32.13%	-95.01%	-20.31%	-28.28%	-31.02%
Announcement Date	29/03/21	28/02/22	28/02/23	29/02/24	28/02/25	25/02/26	-	-

¹MYR in Million

Estimates

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026	2027
CAPEX ¹	172.2	27.18	26.73	272.4	206	116.7	119.5	65
Change	-	-84.21%	-1.66%	919.19%	-24.38%	-43.33%	-20.33%	-45.61%
Free Cash Flow (FCF) ¹	-2,324	-362.4	-14.67	774.3	3,138	5,388	160.6	337.5
Change	-	84.4%	95.95%	5,378.45%	305.23%	71.72%	9,347.06%	110.15%
Announcement Date	29/03/21	28/02/22	28/02/23	29/02/24	28/02/25	25/02/26	-	-

¹MYR in Million

Estimates

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026	2027
Profitability
EBITDA Margin (%)	-22.15%	-107.5%	5.46%	13.6%	-44.28%	-24.81%	16.38%	17.74%
EBIT Margin (%)	-94.93%	-283.27%	-17.05%	1.9%	-51.1%	-30.22%	11.97%	12.91%
EBT Margin (%)	-196.31%	-378.04%	-47.97%	3.61%	-64.16%	449.29%	7.11%	8.13%
Net margin (%)	-179.18%	-312.88%	-37.54%	5.67%	-31.72%	653.5%	5.19%	6.41%
FCF margin (%)	-81.7%	-36.36%	-0.22%	5.24%	209.5%	270.17%	4.33%	8.91%
FCF / Net Income (%)	45.6%	11.62%	0.59%	92.52%	-660.45%	41.34%	83.54%	138.89%
Profitability
ROA	-15.61%	-14.4%	-9.84%	3.5%	-1.64%	68.36%	3.2%	3.2%
ROE	-217.8%	127.58%	-	-	-	-	19.6%	19.2%
Financial Health
Leverage (Debt/EBITDA)	-21.4x	-14.44x	48.2x	11.44x	-1.73x	-1.85x	1x	0.62x
Debt / Free cash flow	-5.8x	-42.69x	-1,185.65x	29.68x	0.37x	0.17x	3.77x	1.24x
Capital Intensity
CAPEX / Current Assets (%)	6.05%	2.73%	0.4%	1.84%	13.75%	5.85%	3.22%	1.72%
CAPEX / EBITDA (%)	-27.33%	-2.54%	7.41%	13.56%	-31.07%	-23.59%	19.68%	9.67%
CAPEX / FCF (%)	-7.41%	-7.5%	-182.22%	35.18%	6.57%	2.17%	74.41%	19.26%
Items per share
Cash flow per share ¹	-0.6438	-0.0892	0.00298	0.2501	0.7801	1.268	1.6	2
Change	-	86.15%	103.34%	8,292.62%	211.92%	62.52%	26.2%	25%
Dividend per Share ¹	-	-	-	-	-	-	-	-
Change	-	-	-	-	-	-	-	-
Book Value Per Share ¹	-0.37	-0.8	-1.425	-2.081	-2.04	-0.58	0.26	0.32
Change	-	-116.22%	-78.11%	-46.07%	1.98%	71.57%	144.83%	23.08%
EPS ¹	-1.525	-0.83	-0.612	0.2	-0.111	3.001	0.0537	0.0593
Change	-	45.57%	26.27%	132.68%	-155.5%	2,803.6%	875.82%	10.55%
Nbr of stocks (in thousands)	3,341,974	3,898,053	4,161,793	4,254,582	4,330,434	4,467,286	4,467,286	4,467,286
Announcement Date	29/03/21	28/02/22	28/02/23	29/02/24	28/02/25	25/02/26	-	-