STARLUX Airlines Co Ltd (2646.TWO)

Name: STARLUX Airlines Co Ltd Financial Statements
Creator: Quarter Results

Industrials | Airlines Airports Air Services

Latest reporting period: 2026-04-06

Latest Quarter

2026-04-06

Revenue

$21.5B

Net Income

$16.7M

Operating Margin

3.1%

Free Cash Flow

-$11.9B

Debt / Assets

77.1%

Values are in USD and rounded to the nearest whole number unless noted.

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Income statement quarterly history for STARLUX Airlines Co Ltd (2646.TWO).
Income Statement (Quarterly)	2026-04-06	2025-12-31	2025-06-30	2025-03-31
Revenue	21,539,112,000	22,514,150,000	21,539,112,000	11,194,839,000
Cost of Revenue	18,358,542,000	19,723,999,000	18,358,542,000	8,776,380,000
Gross Profit	3,180,570,000	2,790,151,000	3,180,570,000	2,418,459,000
Operating Expenses
R&D Expenses	0	0	0	0
SG&A Expenses	2,506,836,000	1,826,624,000	2,506,836,000	1,231,504,000
Operating Expenses	2,506,836,000	1,826,624,000	2,506,836,000	1,231,504,000
Operating Income	666,788,000	970,473,000	666,788,000	1,186,955,000
Interest Expense	696,688,000	668,529,000	696,688,000	304,281,000
Income Before Tax	-339,570,000	383,041,000	-339,570,000	863,891,000
Income Tax Expense	356,290,000	-585,427,000	356,290,000	50,992,000
Net Income	16,719,998	255,888,000	16,719,998	914,883,000
Per Share
EPS	0.01	0.09	0.01	0.30
EPS Diluted	0.00	0.00	0.00	0.00

Income statement annual history for STARLUX Airlines Co Ltd (2646.TWO).
Income Statement (Annual)	2025-12-31	2024-12-31	2023-12-31
Revenue	44,053,262,000	35,546,851,000	22,472,128,000
Cost of Revenue	38,082,541,000	28,355,417,000	18,550,979,000
Gross Profit	5,970,721,000	7,191,434,000	3,921,149,000
Operating Expenses
R&D Expenses	0	0	0
SG&A Expenses	4,333,460,000	4,132,317,000	2,862,112,000
Operating Expenses	4,333,460,000	4,821,672,000	3,441,651,000
Operating Income	1,637,261,000	2,357,017,000	479,498,000
Interest Expense	1,365,217,000	965,068,000	801,792,000
Income Before Tax	43,471,000	1,293,501,000	-115,215,000
Income Tax Expense	-229,137,000	30,937,000	-264,411,000
Net Income	272,608,000	1,324,438,000	149,196,000
Per Share
EPS	0.09	0.53	0.08
EPS Diluted	0.00	0.00	0.00

Balance sheet quarterly history for STARLUX Airlines Co Ltd (2646.TWO).
Balance Sheet (Quarterly)	2025-12-31	2024-12-31	2023-12-31
Assets
Cash and Cash Equivalents	15,651,765,000	16,041,913,000	5,640,518,000
Short Term Investments	1,004,398,000	613,712,000	742,938,000
Net Receivables	1,814,573,000	1,208,185,000	806,257,000
Inventory	2,684,362,000	1,613,621,000	1,080,863,000
Total Current Assets	22,330,402,000	20,602,126,000	9,470,074,000
Property Plant Equipment	110,174,999,000	79,455,774,000	65,528,396,000
Goodwill and Intangibles	175,014,000	177,434,000	264,731,000
Total Assets	137,297,560,000	119,064,801,000	79,075,439,000
Liabilities
Account Payables	3,469,588,000	2,759,926,000	2,276,247,000
Short Term Debt	1,820,961,000	5,636,028,000	8,653,566,000
Total Current Liabilities	20,168,535,000	18,179,698,000	17,539,239,000
Long Term Debt	54,339,027,000	69,717,265,000	20,047,831,000
Total Liabilities	105,901,272,000	89,226,350,000	68,007,307,000
Shareholders Equity
Retained Earnings	272,608,000	-7,730,494,000	-11,506,152,000
Total Shareholders Equity	31,396,288,000	29,838,451,000	11,068,132,000

Balance sheet annual history for STARLUX Airlines Co Ltd (2646.TWO).
Balance Sheet (Annual)	2025-12-31	2024-12-31	2023-12-31
Assets
Cash and Cash Equivalents	15,651,765,000	16,041,913,000	5,640,518,000
Short Term Investments	1,004,398,000	613,712,000	742,938,000
Net Receivables	1,814,573,000	1,208,185,000	806,257,000
Inventory	2,684,362,000	1,613,621,000	1,080,863,000
Total Current Assets	22,330,402,000	20,602,126,000	9,470,074,000
Property Plant Equipment	110,174,999,000	79,455,774,000	65,528,396,000
Goodwill and Intangibles	175,014,000	177,434,000	264,731,000
Total Assets	137,297,560,000	119,064,801,000	79,075,439,000
Liabilities
Account Payables	3,469,588,000	2,759,926,000	2,276,247,000
Short Term Debt	1,820,961,000	5,636,028,000	8,653,566,000
Total Current Liabilities	20,168,535,000	18,179,698,000	17,539,239,000
Long Term Debt	54,339,027,000	69,717,265,000	20,047,831,000
Total Liabilities	105,901,272,000	89,226,350,000	68,007,307,000
Shareholders Equity
Retained Earnings	272,608,000	-7,730,494,000	-11,506,152,000
Total Shareholders Equity	31,396,288,000	29,838,451,000	11,068,132,000

Cash flow quarterly history for STARLUX Airlines Co Ltd (2646.TWO).
Cash Flow Statement (Quarterly)	2025-12-31	2024-12-31	2023-12-31
Operating Activities
Net Income	272,608,000	1,324,438,000	-115,215,000
Depreciation & Amortization	7,167,909,000	5,675,246,000	4,632,796,000
Stock Based Compensation	0	426,206,000	235,220,000
Change in Working Capital	1,014,842,000	-16,029,000	3,059,582,000
Operating Cash Flow	8,060,298,000	10,965,481,000	8,189,037,000
Investing Activities
Capital Expenditure	-19,959,215,000	-23,810,211,000	-16,295,358,000
Investments	-20,056,862,000	-23,810,211,000	-16,295,358,000
Investing Cash Flow	-20,849,698,000	-30,003,339,000	-16,334,146,000
Financing Activities
Debt Repayment	15,595,920,000	11,962,747,000	10,916,070,000
Common Stock Issued/Repurchased	0	18,548,973,000	4,986,000,000
Dividends Paid	0	0	0
Financing Cash Flow	12,123,788,000	29,391,392,000	12,513,653,000
Summary
Free Cash Flow	-11,898,917,000	-12,844,730,000	-8,106,321,000
Net Change in Cash	-1,003,860,000	10,401,395,000	3,954,338,000

Cash flow annual history for STARLUX Airlines Co Ltd (2646.TWO).
Cash Flow Statement (Annual)	2025-12-31	2024-12-31	2023-12-31
Operating Activities
Net Income	272,608,000	1,324,438,000	-115,215,000
Depreciation & Amortization	7,167,909,000	5,675,246,000	4,632,796,000
Stock Based Compensation	0	426,206,000	235,220,000
Change in Working Capital	1,014,842,000	-16,029,000	3,059,582,000
Operating Cash Flow	8,060,298,000	10,965,481,000	8,189,037,000
Investing Activities
Capital Expenditure	-19,959,215,000	-23,810,211,000	-16,295,358,000
Investments	-20,056,862,000	-23,810,211,000	-16,295,358,000
Investing Cash Flow	-20,849,698,000	-30,003,339,000	-16,334,146,000
Financing Activities
Debt Repayment	15,595,920,000	11,962,747,000	10,916,070,000
Common Stock Issued/Repurchased	0	18,548,973,000	4,986,000,000
Dividends Paid	0	0	0
Financing Cash Flow	12,123,788,000	29,391,392,000	12,513,653,000
Summary
Free Cash Flow	-11,898,917,000	-12,844,730,000	-8,106,321,000
Net Change in Cash	-1,003,860,000	10,401,395,000	3,954,338,000