Air Asia Co. Ltd.

Air Asia Co. Ltd.

TTWSE:2630
42.35
TWD
-0.55
(-1.28%)
0.57EPS
85.23P/E
10.23BMarket Cap
Nov 03Next Earn
2013 Y
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
13.03
14.41
15.3
19.7
17.1
17.31
24.84
24.64
23.26
25.13
26.52
24.83
26.04
23.52
Basic EPS, GAAP
0.24
1.12
0.28
1.41
0.87
0.1
0.29
0.27
0.46
0.08
0.31
0.67
1
0.57
Free Cash Flow per Basic Share
1.2
-0.23
0.7
0.37
0.78
-7.52
-4.24
1.1
-1.13
-0.53
-1.51
0.1
1.08
2.13
Dividend per Share
0.69
0.19
0.76
- -
1.18
0.97
0.76
0.06
0.12
0.23
0.32
0.53
0.62
- -
Book Value per Share
9.25
9.81
9.24
10.62
10.31
10.46
10.18
10.39
11.19
11.07
16.4
16.57
16.94
16.16
Tangible Book Value per Share
9.02
9.61
9.11
10.59
10.28
10.44
10.14
10.36
11.07
10.98
16.33
16.53
16.9
16.09
Basic Weighted Avg Shares
139
139
139
139
141
157
158
158
167
162
183
209
209
209
Sales/Revenue/Turnover
1,807
1,999
2,122
2,733
2,418
2,719
3,913
3,895
3,885
4,069
4,864
5,200
5,454
4,906
Operating Margin (%)
1.49
8.89
3.14
8.68
6.16
0.99
2.41
-1.03
0.12
0.93
2.04
3.8
5.49
3.68
Depreciation Expense
64
68
70
67
67
69
88
85
84
95
100
116
114
118
Net Income, GAAP
33
155
38
196
123
15
45
42
77
13
57
141
210
120
Effective Tax Rate (%)
8.24
15.93
14.42
16.22
16.64
- -
24.24
- -
1.27
19.21
17.02
21.85
19.89
20
Profit Margin (%)
1.84
7.76
1.81
7.16
5.1
0.57
1.15
1.09
1.98
0.33
1.17
2.7
3.85
2.44
Working Capital
710
759
701
872
749
1,086
1,619
1,325
1,375
1,270
2,650
2,764
2,757
2,872
LT Debt
175
150
83
67
50
183
1,173
799
522
507
473
552
408
701
Total Equity
1,283
1,362
1,282
1,473
1,457
1,676
1,604
1,636
1,944
1,924
3,434
3,469
3,549
3,385
Return on Invested Capital (%)
- -
7.58
3.81
13.06
7.88
- -
1.79
- -
0.18
0.74
1.75
3.19
4.75
2.6
Return on Capital (%)
- -
10.45
2.89
13.26
8.36
- -
1.87
- -
2.57
0.92
2.02
3.52
4.93
2.71
Return on Common Equity (%)
- -
11.73
2.9
14.2
8.42
0.98
2.74
2.62
4.3
0.7
2.13
4.07
5.98
3.51

Capital Structure

TWD

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
938
674
1,059
LT Borrowings
236
515
533
LT Finance Leases
172
170
167
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
209
209
209
Market Capitalization
10,912
9,844
10,231

Working Capital

TWD

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
4,515
4,413
4,531
Cash, Cash Equivalents & STI
227
185
179
Accounts Receivable, Net
1,674
1,534
1,718
Inventories
1,025
1,123
1,298
Total Current Liabilities
1,757
1,554
1,659
Payables & Accruals
- -
- -
- -
ST Debt
938
674
1,059
Deferred Revenue
- -
- -
- -

Growth Rates

TWD

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
12.62%
19.91%
2.29%
Free Cash Flow
-48.58%
158.63%
942.5%
Net Income, GAAP
98.96%
103.58%
49.15%
Sales/Revenue/Turnover
10.9%
7.16%
4.89%
Total Cash Common Dividend
- -
71.68%
17.09%

Quarterly Revenue

TWD

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
1,260
1,265
1,402
1,272
5,200
2025
1,259
1,385
1,459
1,351
5,454
2026
1,096
999
- -
- -
- -

Quarterly Earnings Per Share

TWD

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.18
0.2
0.15
0.13
0.67
2025
0.14
0.4
0.34
0.12
1
2026
0.09
0.03
- -
- -
- -

Quarterly Dividends Per Share

TWD

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
0.53
2025
- -
- -
- -
- -
0.62
2026
- -
- -
- -
- -
- -

Company Description

CEO
Tien Lin Lu
Full Time Employees
1,130
Sector
Transportation
Industry
Other transportation
Address
No. 1050 Jichang Road Tainan TQ Taiwan 717206
IPO Date
Feb 22, 2018
Business
Air Asia Co., Ltd. operates as an aircraft maintenance company based in Tainan City, Taiwan, with operations in Taiwan, the broader Asian region, and internationally. The company provides a comprehensive range of services including civilian and military aircraft maintenance; engine and component maintenance; helicopter maintenance; and aeronautical parts asset management. Its commercial and military aircraft maintenance, repair, and overhaul (MRO) services encompass A, B, C, and D checks; airworthiness directives and service bulletins compliance; corrosion prevention and control programs (CPCP/SSID); structural damage repairs; and airframe modifications and retrofits. Additionally, Air Asia offers aircraft propeller renovation, helicopter rotor blade overhaul, manufacturing of aero-engines, aerospace components, aircraft structures and engines, structural sub-assemblies, and parts manufacturing tools and trusses. The company also provides fleet management and factory entrusted operations, training for civil aviation personnel, fiber optic gyroscope services, and leases and distribution of aircraft parts and related equipment. Founded in 1946 and formerly known as Civil Air Transport (name changed to Air Asia Co., Ltd. in 1955), the company has maintained a focus on aerospace and defense sectors with approximately 1,067 employees. Recent strategic developments specific to Air Asia Co., Ltd. focus on expanding its comprehensive MRO capabilities while operating in multiple countries. While distinct from the Malaysian-based AirAsia airline group, the company remains a vital player in aerospace maintenance services internationally. The broader AirAsia Group, separate from Air Asia Co., Ltd., has announced major fleet expansion plans involving acquisition of up to 70 Airbus A321XLR jets and is undergoing structural and strategic realignments, but these do not directly pertain to Air Asia Co., Ltd.'s operations. Air Asia Co., Ltd. consistently updates its service offerings to include advanced maintenance technologies and adheres to strict aviation safety standards, positioning itself as a key service provider in the aerospace MRO market within the Asia-Pacific region and beyond.