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Definitive Analysis

Financial Statements

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Ticker

Industry

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Page: Company Financials

AirAsia X Berhad

Ticker: 5238.KL | Industry: Airlines, Airports & Air Services | Sector: Industrials
$2.21 0.00 (0.00%)
As of: 2026-01-27

Master Data Export


Enterprise Value

Metric 2025 2024 2023 2022
Stock Price 1.59 1.68 1.84 0.49
Market Capitalization 712.34M 752.20M 813.58M 201.85M
(-) Cash & Equivalents 41.74M 83.47M 159.66M 21.21M
(+) Total Debt 1,389.63M 1,435.31M 1,384.76M 502.72M
Enterprise Value 2,060.23M 2,104.04M 2,038.67M 683.36M

Income Statement

Metric TTM TTM-1 2024-12-31 2023-12-31 2022-12-31 2021-06-30 2019-12-31
Revenue 3,277M 3,190M 3,245M 2,527M 551M 755M 4,233M
Cost of Revenue 2,883M 2,869M 2,680M 2,316M 703M 1,065M 3,978M
Gross Profit 394M 321M 566M 211M -153M -310M 255M
Gross Profit Margin 12.0% 10.1% 17.4% 8.3% -27.8% -41.1% 6.0%
R&D Expenses 0M 0M 0M 0M 0M 0M 0M
SG&A Expenses 1M 2M 25M 21M 2M 1M 80M
Operating Expenses 201M 364M 274M -223M 22,452M 21,679M 327M
Operating Income (EBIT) 193M -43M 292M 433M -22,605M -21,989M -71M
Operating Income Margin 5.9% -1.3% 9.0% 17.2% -4,105.6% -2,912.1% -1.7%
Interest Income 17M 9M 2M 3M 501M 461M 79M
Interest Expense 106M 132M 105M 113M 0M 0M 312M
Net Interest Income -88M -123M -103M -110M 501M 461M -233M
Unusual Items 26M 378M 46M 20M 43,901M -923M -2M
EBT Excluding Unusual Items 105M -166M 189M 324M -22,103M -21,527M -304M
Pre-Tax Income 130M 212M 235M 344M 21,798M -22,450M -306M
Pre-Tax Margin 4.0% 6.6% 7.2% 13.6% 3,959.1% -2,973.2% -7.2%
Income Tax Expense -5M 13M 27M 12M -408M 0M 344M
Net Income 136M 199M 207M 332M 22,206M -22,450M -650M
Net Income Margin 4.1% 6.2% 6.4% 13.1% 4,033.2% -2,973.2% -15.4%
Depreciation & Amortization 213M 217M 205M 184M 33,376M 38M 745M
EBITDA 406M 174M 497M 618M 10,772M -21,951M 674M
EBITDA Margin 12.4% 5.4% 15.3% 24.4% 1,956.5% -2,907.1% 15.9%
NOPAT 201M -40M 258M 418M -23,028M -17,371M -56M
NOPAT Margin 6.1% -1.3% 7.9% 16.5% -4,182.5% -2,300.6% -1.3%
Owner's Earnings 319M 393M 389M 501M 55,581M -22,415M 49M
Owner's Earnings Margin 9.7% 12.3% 12.0% 19.8% 10,095.1% -2,968.6% 1.2%
EPS (Basic) 0.30 0.44 0.46 0.74 53.53 -53.91 -1.57
EPS (Diluted) 0.30 0.45 0.46 0.74 53.53 -54.12 -1.57
Shares (Basic) 447M 447M 447M 447M 415M 416M 415M
Shares (Diluted) 447M 447M 447M 447M 415M 415M 415M

Balance Sheet

Metric MRQ MRQ-1 2024-12-31 2023-12-31 2022-12-31 2021-06-30 2019-12-31
Cash & Cash Equivalents 45.05M 28.34M 174.77M 57.69M 18.63M 14.09M 357.96M
Short-Term Investments 0.00M 0.00M 0.00M 0.00M 158.08M 54.38M 0.00M
Cash & Short-Term Investments 45.05M 28.34M 174.77M 57.69M 176.71M 68.47M 357.96M
Net Receivables 496.98M 536.52M 415.76M 466.04M 181.03M 156.27M 50.34M
Inventory 7.30M 8.78M 8.69M 6.97M 9.19M 0.00M 13.10M
Other Current Assets 35.96M 23.13M 0.92M 0.20M 183.22M 125.28M 505.91M
Total Current Assets 585.28M 596.76M 600.15M 530.90M 550.15M 350.02M 927.32M
Property, Plant & Equipment 1,223.71M 1,274.44M 1,234.21M 1,341.74M 1,086.16M 0.00M 5,583.22M
Goodwill 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Intangible Assets 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Long-Term Investments 409.87M 396.40M 0.00M 0.00M 0.00M 0.00M 0.00M
Tax Assets 573.97M 573.97M 606.50M 0.00M 0.00M 0.00M 0.00M
Other Non-Current Assets 266.59M 371.32M 650.04M 1,092.75M 846.49M 1,594.45M 2,467.88M
Other Assets 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Total Non-Current Assets 2,474.14M 2,616.13M 2,490.76M 2,434.49M 1,932.65M 1,594.45M 8,051.09M
Total Assets 3,059.43M 3,212.89M 3,090.90M 2,965.39M 2,482.79M 1,944.47M 8,978.41M
Accounts Payable 100.88M 59.22M 100.45M 63.30M 92.36M 1,174.80M 823.81M
Short-Term Debt 201.52M 198.90M 0.00M 0.00M 0.00M 292.92M 56.54M
Tax Payables 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Deferred Revenue 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Other Current Liabilities 273.38M 249.67M 637.10M 683.04M 827.93M 32,941.20M 821.75M
Total Current Liabilities 575.77M 507.79M 737.55M 746.35M 920.29M 34,408.91M 1,702.10M
Long-Term Debt 0.00M 0.00M 0.00M 0.00M 1,005.45M 0.00M 247.37M
Capital Lease Obligations 1,307.73M 1,370.71M 1,413.96M 1,512.03M 1,062.48M 6,473.69M 5,961.70M
Deferred Tax Liabilities 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Other Non-Current Liabilities 439.47M 575.07M 398.46M 420.09M 816.28M 1,102.65M 1,427.33M
Total Non-Current Liabilities 1,747.20M 1,945.77M 1,812.42M 1,932.12M 2,884.21M 7,576.35M 7,636.40M
Total Liabilities 2,322.97M 2,453.56M 2,549.96M 2,678.46M 3,804.51M 41,985.26M 9,338.51M
Preferred Stock 0.00M 0.00M 0.00M 5.58M 0.00M 0.00M 0.00M
Common Stock 51.03M 51.03M 51.03M 51.03M 1.53M 1,534.04M 1,534.04M
Retained Earnings 391.03M 363.28M 299.86M 70.73M -260.78M -35,101.87M -1,488.94M
Accumulated OCI 0.00M 0.86M 0.00M 0.00M 0.01M 0.73M 92.76M
Minority Interest 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Total Shareholders’ Equity 442.06M 415.17M 350.89M 127.34M -259.23M -33,567.10M 137.87M
Total Equity 442.06M 415.17M 350.89M 127.34M -259.23M -33,567.10M 137.87M
Total Liabilities & Equity 2,765.04M 2,868.73M 2,900.86M 2,805.80M 3,545.28M 8,418.16M 9,476.38M
Tangible Assets 3,059.43M 3,212.89M 3,090.90M 2,965.39M 2,482.79M 1,944.47M 8,978.41M
Tangible Equity 442.06M 415.17M 350.89M 127.34M -259.23M -33,567.10M 137.87M
Tangible Book Value 442.06M 415.17M 350.89M 127.34M -259.23M -33,567.10M 137.87M
Total Investments 409.87M 396.40M 0.00M 0.00M 158.08M 54.38M 0.00M
Net Debt 156.46M 170.56M -174.77M -57.69M 986.82M 278.83M -54.05M

Capital Metrics

Metric MRQ MRQ-1 2024-12-31 2023-12-31 2022-12-31 2021-06-30 2019-12-31
Working Capital -487.1M -452.0M -479.5M -538.6M -370.1M -34,058.9M -1,080.3M
Total Capital 1,749.1M 1,785.9M 1,763.1M 1,628.2M 746.2M -33,274.2M 6,403.5M
Capital Employed 1,987.0M 2,164.1M 2,011.3M 1,895.9M 1,562.5M -32,464.4M 6,970.7M
Invested Capital 1,704.0M 1,757.5M 1,588.4M 1,570.5M 727.6M -33,288.3M 6,045.5M

Cash Flow Statement

Metric TTM TTM-1 2024-12-31 2023-12-31 2022-12-31 2021-06-30 2019-12-31
Net Income 130.30M 211.76M 223.99M 331.51M 22,205.73M -22,450.12M -306.01M
Depreciation & Amortization 213.01M 216.81M 205.30M 184.40M 26.85M 641.00M 745.43M
Deferred Income Tax 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Stock-Based Compensation 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Change in Working Capital -105.89M -146.95M -112.28M -488.20M 289.53M 316.26M -311.01M
Accounts Receivable -41.15M -424.47M -184.31M -241.24M 825.42M 334.06M -24.63M
Inventory 0.21M 2.46M -1.73M 2.22M 0.00M 2.57M 0.16M
Accounts Payable 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Other Working Capital -64.95M -9.93M 73.76M -249.18M -535.90M -20.37M -239.81M
Other Non-Cash Items 113.79M 27.19M 52.46M -73.53M -22,448.53M 21,464.48M 211.05M
Net Cash from Operating Activities 351.20M 195.71M 369.48M -45.83M 73.58M -28.38M 461.64M
Capital Expenditures (PPE) -29.75M -22.71M -23.84M -15.25M -1.35M -2.90M -46.34M
Acquisitions (Net) 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M -1.10M
Purchases of Investments 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Sales / Maturities of Investments 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Other Investing Activities 0.00M 0.11M 0.00M 0.11M 0.00M 0.00M 1,071.61M
Net Cash from Investing Activities -29.75M -22.60M -23.84M -15.15M -1.35M -2.90M 1,024.17M
Net Debt Issuance -143.77M -70.14M -261.80M 0.00M 0.00M 0.00M -395.47M
Long-Term Debt Issuance -143.77M -70.14M -261.80M 0.00M 0.00M 0.00M -395.47M
Short-Term Debt Issuance 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Net Stock Issuance 0.00M 0.00M 0.00M 49.50M 0.00M 0.00M 0.00M
Common Stock Issuance 0.00M 0.00M 0.00M 49.50M 0.00M 0.00M 0.00M
Common Stock Repurchased 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Preferred Stock Issuance 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Net Dividends Paid 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Common Dividends Paid 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Preferred Dividends Paid 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Other Financing Activities -214.60M -253.30M 17.18M -112.01M -9.64M -125.23M -1,035.14M
Net Cash from Financing Activities -289.95M -253.30M -244.61M -62.51M -9.64M -125.23M -1,430.60M
Effect of FX on Cash -4.99M 2.81M 3.87M 5.23M 9.57M -2.93M -0.19M
Net Change in Cash 26.51M -77.38M 104.89M -119.02M 72.16M -159.44M 55.02M
Cash at Beginning of Period 337.56M 294.16M 57.69M 176.71M -50.01M 0.00M 252.60M
Cash at End of Period 364.08M 216.78M 162.58M 57.69M 22.15M -159.44M 307.62M
Operating Cash Flow 351.20M 195.71M 369.48M -45.83M 73.58M -28.38M 461.64M
Capital Expenditure -29.75M -22.71M -23.84M -15.25M -1.35M -2.90M -46.34M
Free Cash Flow 321.45M 173.00M 345.63M -61.08M 72.23M -31.28M 415.31M

Free Cash Flow

Metric TTM TTM-1 2024-12-31 2023-12-31 2022-12-31 2021-06-30 2019-12-31
EBITDA 605.80M 536.59M 746.49M 374.41M 33,221.04M -273.45M 920.68M
(-) Tax Adjustment 0.00M 32.39M 87.19M 13.36M 0.00M 0.00M 0.00M
(-) Change In Working Capital -105.89M -146.95M -112.28M -488.20M 289.53M 316.26M -311.01M
(-) Capital Expenditure -29.75M -22.71M -23.84M -15.25M -1.35M -2.90M -46.34M
Unlevered Free Cash Flow 681.95M 628.44M 747.74M 834.00M 32,930.16M -592.60M 1,185.35M
(-) Net Interest Income After Taxes -88.28M -115.42M -91.15M -105.98M 501.35M 461.33M -232.70M
Net Debt Issuance -143.77M -70.14M -261.80M 0.00M 0.00M 0.00M -395.47M
Levered Free Cash Flow 626.46M 673.72M 577.09M 939.97M 32,428.81M -1,053.94M 1,022.58M