Wizz Air Holdings

WIZZ · Main Market · Travel and Leisure · mcap £1,049m · 1007.0p

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Financials · balance sheet 30 Jun 26 · last twelve months · today’s market value

Source: results 06 Aug 26 ↗

Key figures Cash & debt Profit & cash flow Valuation Returns & quality Latest half-year

Market cap: £1,043m
Owner’s net cash: −£4,642m
Net cash / market cap: -445%
EV ex leases: £5,685m
Revenue: £4,922m
Operating profit: £120.8m
Free cash flow after leases: £703.1m
EV / EBIT: 47.1×
FCF yield: 67.4%
Net income (owners): £1.1m

Hover or tap a figure for its formula and the values used – the names are the line names of the key figures below. Extracted automatically from the company's results announcements; check the source before relying on a figure. Not investment advice.

Key figures As reported

Income statement Balance sheet Cash flow

Annual Half-yearly

Standardised line items in £m, comparable across companies – figures the company reported in EUR are converted to £ at the average rate of each period (balance sheets: at the date); when a later report restated a period, the later figure is shown and marked ^r (hover for the figure first reported). Italic = calculated (LTM, H2 = FY − H1); a year of other than 12 months is marked (15m). Hover a value for its source.

Trading update 02 Oct 26stronger than expected pricing environment6 figures since the last report

September passengers up 24% year-on-year to 7.78 million; load factor 92.0%; medium-term targets set for F30.

Passengers September 2026	7.78 million	6.27 million
Capacity growth	25.3%
Load factor	92.0%	92.8%
F30 revenue target	EUR 10bn
F30 EBIT margin target	10%
F30 aircraft fleet target	335 all-neo aircraft

As stated by the company, unaudited. Read it →

Source ↗

	2026 € million	2026 € million	2025 Change
Passenger ticket revenue	806.9	799.1	1%
Ancillary revenue	700.5	629.1	11%
Total revenue	1,507.4	1,428.2	6%
Staff costs	(178.0)	(156.8)	14%
Fuel costs	(610.5)	(438.1)	39%
Distribution and marketing	(40.6)	(37.2)	9%
Maintenance, materials and repairs	(130.0)	(110.8)	17%
Airport, handling and en-route charges	(444.3)	(383.7)	16%
Depreciation and amortisation	(330.7)	(272.7)	21%
Other expenses	(63.8)	(99.0)	(36)%
Other income	107.2	97.6	10%
Total operating expense	(1,690.7)	(1,400.7)	21%
Operating (loss)/profit n.m.*	(183.3)	27.5	–
Financial income	22.0	17.7	24%
Financial expenses	(76.0)	(61.8)	23%
Net (loss)/gain on derivative financial instruments n.m.*	1.0	(89.9)	–
Net foreign exchange (losses)/gains n.m.*	(15.6)	154.5	–
Net financing (expense)/income n.m.*	(68.6)	20.5	–
(Loss)/profit before income tax n.m.*	(251.9)	48.0	–
Income tax credit/(expense) n.m.*	53.7	(9.6)	–
Net (loss)/profit for the period n.m.*	(198.2)	38.4	–
Net (loss)/profit for the period attributable to
Non-controlling interest n.m.*	0.4	(0.9)	–
Owners of Wizz Air Holdings Plc n.m.*	(198.6)	39.3	–

Source ↗

	2026 € million	2025 € million
Passenger ticket revenue	3,161.4	2,917.0
Ancillary revenue	2,530.0	2,350.6
Total revenue	5,691.4	5,267.6
Staff costs	(655.9)	(564.9)
Fuel costs	(1,764.0)	(1,797.6)
Distribution and marketing	(133.4)	(117.8)
Maintenance, materials and repairs	(462.8)	(330.4)
Airport, handling and en-route charges	(1,527.6)	(1,351.8)
Depreciation and amortisation	(1,178.6)	(966.8)
Other expenses	(371.2)	(466.6)
Other income	541.8	495.8
Total operating expenses	(5,551.7)	(5,100.1)
Operating profit	139.7	167.5
Financial income	73.6	82.1
Financial expenses	(267.8)	(249.5)
Net loss on derivative financial instruments	(20.6)	(6.4)
Net foreign exchange gains	102.1	26.0
Net financing expense	(112.7)	(147.8)
Share of net profit of associates	-	-
Profit before income tax	27.0	19.7
Income tax (expense)/ credit	(25.7)	194.2
Profit for the year	1.3	213.9
(Loss)/Profit for the year attributable to
Non-controlling interests	(0.9)	(11.9)
Owners of Wizz Air Holdings Plc	2.2	225.8
Change in fair value of cash flow hedging reserve, net of tax	564.6	(35.4)
Cash flow hedging reserve recycled to profit or loss	(48.8)	13.6
Cost of hedging	16.5	(32.8)
Currency translation differences	18.6	0.6
Other comprehensive income/(expense) for the year, net of tax	550.9	(54.0)
Total comprehensive income for the year	552.2	159.9
Total comprehensive income/(expense) for the year attributable to
Non-controlling interests	3.2	(11.8)
Owners of Wizz Air Holdings Plc	549.0	171.7
Basic earnings per share (€/share)	0.02	2.18
Diluted earnings per share (€/share)	0.03	1.78

Source ↗

	2026 € million	2025 € million
ASSETS
Non-current assets
Property, plant and equipment	7,128.1	6,493.0
Intangible assets	114.8	98.9
Restricted cash	45.2	36.3
Long-term cash deposits	174.4	-
Deferred tax assets	285.6	334.7
Derivative financial instruments	41.9	1.8
Trade and other receivables	25.1	45.7
Investments in associates	5.7	5.7
Investments in other entities	3.7	3.7
Total non-current assets	7,824.5	7,019.9
Current assets
Inventories	305.7	271.9
Trade and other receivables	687.0	630.4
Current tax assets	3.7	3.2
Derivative financial instruments	542.2	10.3
Restricted cash	42.5	42.0
Short-term cash deposits	778.4	1,060.2
Cash and cash equivalents	1,085.9	597.5
Total current assets	3,445.4	2,615.5
Total assets	11,269.9	9,635.4
EQUITY AND LIABILITIES Equity attributable to owners of the parent
Share capital	-	-
Share premium	381.2	381.2
Reorganisation reserve	(193.0)	(193.0)
Equity part of convertible debt	8.3	8.3
Cash flow hedging reserve	507.8	(8.0)
Cost of hedging reserve	2.7	(13.8)
Cumulative translation adjustments	17.8	3.3
Retained earnings	207.3	188.6
Capital and reserves attributable to the owners of Wizz Air Holdings Plc	932.1	366.6
Non-controlling interests	(3.7)	(49.5)
Total equity	928.4	317.1
Non-current liabilities
Borrowings	6,138.5	5,070.6
Convertible debt	24.7	25.2
Deferred income	203.9	166.5
Derivative financial instruments	43.6	13.4
Trade and other payables	103.6	69.5
Provisions for liabilities and charges	279.1	201.2
Total non-current liabilities	6,793.4	5,546.3
Current liabilities
Trade and other payables	1,301.0	1,038.8
Current tax liabilities	3.1	18.6
Borrowings	815.9	1,517.9
Convertible debt	1.1	0.3
Derivative financial instruments	11.7	29.2
Deferred income	1,180.1	1,013.3
Provisions for liabilities and charges	235.2	153.9
Total current liabilities	3,548.1	3,772.0
Total liabilities	10,341.5	9,318.3
Total equity and liabilities	11,269.9	9,635.4

Source ↗

	2026 € million	2025 € million
Cash flows from operating activities
Profit before income tax	27.0	19.7
Adjustments for
Depreciation	1,146.8	939.9
Amortisation	31.8	26.9
Financial income	(73.6)	(82.1)
Financial expenses	267.8	249.5
Unrealised fair value (gains)/losses on derivative financial instruments	(62.8)	11.6
Unrealised foreign currency gains	(170.2)	(31.5)
Realised non-operating foreign currency losses/(gains)	84.7	(6.5)
Gain on sale of property, plant and equipment	(261.0)	(121.3)
Share-based payment charges	17.1	11.5
Other non-cash operating income	(8.8)	(19.1)
Total adjustments for	998.8	998.6
Changes in working capital
Decrease in trade and other receivables	61.0	17.8
(Increase)/decrease in inventory	(25.8)	67.8
Increase in provisions	1.3	3.4
Decrease in trade and other payables	(2.6)	(198.0)
Increase in deferred income	166.5	215.1
Total changes in working capital	200.4	106.1
Cash generated by operating activities before tax	1,199.2	1,104.7
Income taxes paid	(19.6)	(39.1)
Net cash generated by operating activities	1,179.6	1,065.6
Cash flows from investing activities
Purchase of aircraft maintenance assets	(41.6)	(23.9)
Purchase of tangible and intangible assets	(366.5)	(258.8)
Proceeds from the sale of tangible assets	802.6	303.6
Advances paid for aircraft and spare engines	(245.0)	(362.8)
Refund of advances paid for aircraft and spare engines	471.3	303.9
Interest received	80.3	75.9
Increase in restricted cash	(70.4)	(7.2)
Increase in cash deposits	(1,788.0)	(1,466.0)
Payment for acquisition of investments	-	(2.1)
Net cash generated by/(used in) investing activities	751.3	(263.4)
Cash flows from financing activities
Proceeds from new loans*	79.2	245.6
Repayment of loans*	(791.4)	(720.0)
Interest paid on loans*	(234.7)	(207.1)
Repayment of unsecured debt	(500.0)	-
Interest paid on unsecured debt	(5.0)	(5.0)
Proceeds from secured debt	22.8	-
Repayment of secured debt	-	(240.8)
Interest paid on secured debt	-	(9.5)
Transactions with non-controlling interests	30.0	-
Repayment of other loan	(23.6)	-
Other interest paid	(4.8)	(1.9)
Net cash used in financing activities	(1,427.5)	(938.7)
Net increase/(decrease) in cash and cash equivalents	503.4	(136.5)
Cash and cash equivalents at the beginning of the financial year**	596.9	716.4
Effect of exchange rate fluctuations on cash and cash equivalents	(16.7)	17.0
Cash and cash equivalents at the end of the year**	1,083.6	596.9

Source ↗

	2025 € million	2025 € million	2024 Change
Passenger ticket revenue 1	696.9	626.2	11%
Ancillary revenue 1	599.5	550.7	9%
Total revenue	1,296.4	1,176.8	10%
Staff costs	(158.3)	(141.5)	12%
Fuel costs	(475.1)	(416.7)	14%
Distribution and marketing	(29.5)	(28.1)	5%
Maintenance, materials and repairs	(124.4)	(105.4)	18%
Airport, handling and en-route charges	(380.3)	(312.2)	22%
Depreciation and amortisation	(300.1)	(232.9)	29%
Other expenses	(71.8)	(81.2)	(12)%
Other income	119.2	65.3	83%
Total operating expenses	(1,420.3)	(1,252.7)	13%
Operating loss	(123.9)	(75.9)	63%
Financial income	17.7	21.5	(17)%
Financial expenses	(68.5)	(63.7)	7%
Net gain on derivative financial instruments n.m.	7.5	-	–
Net foreign exchange losses	(8.8)	(159.5)	(94)%
Net financing expense	(52.1)	(201.7)	(74)%
Loss before income tax	(175.9)	(277.6)	(37)%
Income tax credit -%	36.6	36.5	–
Loss for the period	(139.3)	(241.1)	(42)%
Loss for the period attributable to
Non-controlling interest	1.4	(3.2)	(145)%
Owners of Wizz Air Holdings Plc	(140.8)	(237.9)	(41)%

Source ↗

	2025 € million	2024 € million
Passenger ticket revenue	1,926.6	1,767.5
Ancillary revenue	1,415.5	1,298.6
Total revenue	3,342.1	3,066.1
Staff costs	(327.3)	(279.9)
Fuel costs	(928.3)	(948.0)
Distribution and marketing	(76.4)	(62.9)
Maintenance, materials and repairs	(205.2)	(176.3)
Airport, handling and en-route charges	(816.3)	(708.6)
Depreciation and amortisation	(542.1)	(476.8)
Other expenses	(215.5)	(306.0)
Other income	208.2	241.6
Total operating expenses	(2,902.9)	(2,716.9)
Operating profit	439.2	349.2
Financial income	38.5	43.8
Net losses on derivative financial instruments	(75.7)	-
Financial expenses	(127.4)	(124.3)
Net foreign exchange gains	176.0	94.3
Net financing income	11.4	13.8
Share of net profit of associates	-	-
Profit before income tax	450.6	363.0
Income tax expense	(127.1)	(47.8)
Net profit for the period	323.5	315.2
Net profit for the period attributable to
Non-controlling interest	(3.5)	(8.3)
Owners of Wizz Air Holdings Plc	327.0	323.5
Change in fair value of cash flow hedging reserve, net of tax	(48.1)	(60.1)
Cash flow hedging reserve recycled to profit or loss	29.0	4.2
Cost of hedging	6.3	(46.2)
Currency translation differences	15.1	4.4
Share in other comprehensive income from investments	-	-
Other comprehensive income/(expense) for the period, net of tax	2.3	(97.7)
Total comprehensive income for the period	325.8	217.5
Total comprehensive income for the period attributable to
Non-controlling interest	0.5	(7.0)
Owners of Wizz Air Holdings Plc	325.3	224.5
Basic earnings per share (€/share)	3.16	3.13
Diluted earnings per share (€/share)	2.57	2.54

Source ↗

	30 September 2025 € million	31 March 2025 (audited) € million
ASSETS
Non-current assets
Property, plant and equipment	6,722.4	6,493.0
Intangible assets	103.6	98.9
Restricted cash	32.8	36.3
Deferred tax assets	234.1	334.7
Derivative financial instruments	0.8	1.8
Trade and other receivables	40.6	45.7
Investments in associates	5.7	5.7
Investments in other entities	3.7	3.7
Total non-current assets	7,143.7	7,019.9
Current assets
Inventories	286.0	271.9
Trade and other receivables	759.3	630.4
Current tax assets	3.4	3.2
Derivative financial instruments	9.2	10.3
Restricted cash	53.1	42.0
Short-term cash deposits	915.5	1,060.2
Cash and cash equivalents	983.4	597.5
Total current assets	3,009.9	2,615.5
Total assets	10,153.6	9,635.4
Condensed consolidated interim statement of financial position (continued)
As at 30 September 2025 (unaudited)
30 September 2025 31 March 2025 (audited)
Note € million € million
EQUITY AND LIABILITIES
Equity attributable to owners of the parent
Share capital	-	-
Share premium	381.2	381.2
Reorganisation reserve	(193.0)	(193.0)
Equity part of convertible debt	8.3	8.3
Cash flow hedging reserve	(27.1)	(8.0)
Cost of hedging reserve	(7.5)	(13.8)
Cumulative translation adjustments	14.4	3.3
Retained earnings	523.7	188.6
Capital and reserves attributable to the owners of Wizz Air Holdings Plc	700.0	366.6
Non-controlling interest	(6.4)	(49.5)
Total equity	693.6	317.1
Non-current liabilities
Borrowings	5,139.3	5,070.6
Convertible debt	25.2	25.2
Deferred income	180.7	166.5
Derivative financial instruments	84.9	13.4
Trade and other payables	29.2	69.5
Provisions for other liabilities and charges	252.4	201.2
Total non-current liabilities	5,711.7	5,546.3
Current liabilities
Trade and other payables	1,187.4	1,038.8
Current tax liabilities	16.3	18.6
Borrowings	1,566.9	1,517.9
Convertible debt	0.3	0.3
Derivative financial instruments	48.2	29.2
Deferred income	767.2	1,013.3
Provisions for other liabilities and charges	162.0	153.9
Total current liabilities	3,748.3	3,772.0
Total liabilities	9,460.0	9,318.3
Total equity and liabilities	10,153.6	9,635.4

Source ↗

	2025 € million	2024 (restated) € million
Cash flows from operating activities
Profit before income tax	450.6	363.0
Adjustments for
Depreciation	527.3	465.5
Amortisation	14.8	11.3
Financial income	(38.5)	(43.8)
Financial expenses	127.4	124.3
Unrealised fair value losses on derivative financial instruments	78.1	9.4
Unrealised foreign currency gains	(221.2)	(105.6)
Realised non-operating foreign currency losses	70.6	19.5
Gain on sale of property, plant and equipment	(57.4)	(83.8)
Share-based payment charges	8.2	4.7
Other non-cash operating (income)/expense	(66.2)	11.0
Share of net profit of associates	-	-
Total adjustments for	893.7	775.5
Changes in working capital
Decrease in trade and other receivables	8.3	51.5
(Increase)/decrease in inventory	(8.1)	67.8
Increase in provisions	1.3	13.0
Increase/(decrease) in trade and other payables	43.8	(44.4)
Decrease in deferred income	(296.0)	(134.6)
Cash generated by operating activities before tax	643.0	728.8
Income tax paid	(16.2)	(22.7)
Net cash generated by operating activities	626.8	706.1
Cash flows from investing activities
Purchase of aircraft maintenance assets	(18.9)	(7.7)
Purchase of tangible and intangible assets	(111.6)	(195.9)
Proceeds from sale of tangible assets	139.2	185.5
Advances paid for aircraft and spare engines	(111.8)	(234.0)
Refund of advances paid for aircraft and spare engines	210.0	154.6
Interest received	39.8	32.3
Increase in restricted cash***	(53.7)	(4.1)
Increase in short-term cash deposits***	(818.1)	(803.8)
Payment for acquisition of investment	-	(2.1)
Net cash generated by/(used in) investing activities	216.3	(626.2)
Cash flows from financing activities
Proceeds from new loans*	42.1	233.7
Repayment of loans*	(386.0)	(342.9)
Interest paid - loans - IFRS 16 lease liability	(77.8)	(78.4)
Interest paid - loans - JOLCO, FTL and FL	(32.5)	(20.7)
Transactions with non-controlling interests	29.8	-
Repayment of secured debt	-	(83.6)
Interest paid - secured debt	(0.7)	(8.3)
Interest paid - other	(1.2)	(0.3)
Net cash used in financing activities	(426.3)	(300.5)
Net decrease in cash and cash equivalents	416.8	(220.6)
Cash and cash equivalents at the beginning of the period	596.9	716.4
Effect of exchange rate fluctuations on cash and cash equivalents	(30.8)	(35.5)
Cash and cash equivalents at the end of the period**	982.9	460.3

	FY Mar 26	FY Mar 25
Revenue to operating profit
Revenue	4,921.6	4,432.8
EBITDA	1,140.0	954.5
Operating profit	120.8	141.0
Amortisation	27.5	22.6
Share-based payments	14.8	9.7
Operating profit to net income
Profit before tax	23.3	16.6
Tax	(22.2)	163.4
Net income (owners)	1.1	180.0
Per share
EPS basic	1.7p	182.4p
EPS diluted	2.6p	148.9p

	H2 Mar 26	H1 Sep 25	H2 Mar 25	H1 Sep 24
Revenue to operating profit
Revenue	2,054.8	2,866.8	1,829.2	2,603.6
EBITDA	298.2	841.7	253.1	701.4
Operating profit	(255.9)	376.7	(155.6)	296.5
Depreciation (owned assets)	–	452.3	–	395.3
Amortisation	14.8	12.7	13.0	9.6
Share-based payments	7.8	7.0	5.7	4.0
Operating profit to net income
Finance costs	–	(109.3)	–	(105.5)
Profit before tax	(363.2)	386.5	(291.7)	308.2
Tax	86.8	(109.0)	204.0	(40.6)
Net income (owners)	(279.4)	280.5	(94.7)	274.7

	FY Mar 26	FY Mar 25
Operating activities
Cash from operations	1,020.0	896.7
Tax paid	(16.9)	(32.9)
Investing activities
Capex (PP&E)	(316.9)	(217.8)

	H2 Mar 26	H1 Sep 25	H2 Mar 25	H1 Sep 24
Operating activities
Cash from operations	482.4	537.7	297.1	599.6
Tax paid	(3.1)	(13.9)	(13.6)	(19.3)
Investing activities
Capex (PP&E)	(221.2)	(95.7)	(51.4)	(166.3)
Financing activities
Lease interest paid	–	(66.7)	–	(66.6)

	30 Jun 26	31 Mar 26	31 Mar 25
Non-current assets
Other intangibles	–	–	82.7
Property, plant & equipment	–	6,199.3	5,431.7
Associates & JVs	–	–	4.8
Other investments	–	–	3.1
Non-current assets	–	–	5,872.5
Current assets
Inventories	–	–	227.5
Trade receivables	–	619.3	565.7^r
Cash	1,592.8	944.4	499.8
Current assets	–	–	2,188.0
Total assets	–	9,801.4	8,060.5
Current liabilities
Trade payables	–	1,221.6	927.1^r
Borrowings, current	52.5	–	1,269.8
Current liabilities	–	–	3,155.5
Non-current liabilities
Borrowings, non-current	6,182.8	–	4,241.8
Non-current liabilities	–	–	4,639.8
Total liabilities	–	8,994.0	7,795.2
Equity
Non-controlling interests	–	–	(41.4)
Total equity	–	807.4	265.3
Net cash and other figures
Net cash / (debt) incl. leases	(4,422.7)	(4,297.6)	(4,146.2)
Shares in issue	103.5m	–	–

	30 Jun 26	31 Mar 26	30 Sep 25	31 Mar 25
Non-current assets
Other intangibles	–	–	90.5	82.7
Property, plant & equipment	–	6,199.3	5,869.3	5,431.7
Associates & JVs	–	–	5.0	4.8
Other investments	–	–	3.2	3.1
Non-current assets	–	–	6,237.2	5,872.5
Current assets
Inventories	–	–	249.7	227.5
Trade receivables	–	619.3	662.9	565.7^r
Cash	1,592.8	944.4	858.6	499.8
Current assets	–	–	2,627.9	2,188.0
Total assets	–	9,801.4	8,865.1	8,060.5
Current liabilities
Trade payables	–	1,221.6	1,036.7	927.1^r
Borrowings, current	52.5	–	1,368.1	1,269.8
Current liabilities	–	–	3,272.6	3,155.5
Non-current liabilities
Borrowings, non-current	6,182.8	–	4,487.1	4,241.8
Non-current liabilities	–	–	4,986.9	4,639.8
Total liabilities	–	8,994.0	8,259.5	7,795.2
Equity
Non-controlling interests	–	–	(5.6)	(41.4)
Total equity	–	807.4	605.6	265.3
Net cash and other figures
Net cash / (debt) incl. leases	(4,422.7)	(4,297.6)	(4,219.5)	(4,146.2)
Shares in issue	103.5m	–	–	–

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