AIIR · NASDAQ · Tobacco

AIR Global (AIIR)

Al Fakher shisha and OOKA charcoal-free hookah systems across retail, hospitality, and digital channels.

$7.35
vs last close−0.14 (−1.87%)
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Air Global PLC Ordinary SharesAIIR
Consumer Staples

Produces Al Fakher flavored shisha molasses and adjacent social-inhalation products, monetizing repeat consumables through distributors, retail, hospitality, and owned digital channels. The core business remains traditional shisha, while OOKA adds a device-and-proprietary-pod model.

Produces flavored hookah and shisha molasses chiefly under Al Fakher, alongside Shisha Kartel, Zødiac, Kloud King, NameLess, Al Aseel, and Pacific Realms. Extends the portfolio into OOKA, a rechargeable charcoal-free electronic hookah with proprietary pods, plus nicotine pouches, Crown Switch vaping products, and vânt functional inhalation systems.

Sells through distributors, licensed retail, owned e-commerce, and lounges and other hospitality customers, including via Hookah.com, Shisha-World.com, and Shisha.com. Production and storage span North America, Europe, and the Middle East, while the Middle East and Africa remains the central revenue region.

Relies on Al Fakher's repeat-consumable demand, brand protection, distributor relationships, third-party manufacturing, and country-specific rules on tobacco, nicotine, flavors, product claims, taxes, and digital commerce. The controlling shareholder structure and foreign-private-issuer status shape governance and reporting.

Company facts

CEOStuart Brazier
ListedMay 18, 2026
ExchangeNASDAQ
HeadquartersDubai, United Arab Emirates
CountryUnited Arab Emirates
Employees2
CIK0002097725
ISINJE00BT8Q3M55

Market cap$1.20B
EPS (ttm)−$2.02
P/E (ttm)−3.71
ROE-27.5%
P/B6.23
P/S8.85
Dividend yieldDiv yield
Beta

No analyst consensus on record.

EPSReportedEstimate

Aug '26
Reported−$2.13
Estimate
Surprise

RevenueReportedEstimate

Aug '26
Reported$135.7M
Estimate
Surprise
Estimate
Reported−$2.13
Estimate
Reported$135.7M
View details

Debt to equity218.90%
Current ratio141.40%

ProfitabilityRevenueNet incomeNet margin

Q2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26
Revenue$0$0$0$0$135.7M
Net income−$63.5K$2.8M$936.4K$161.7K−$74.7M
Net margin0.0%

GrowthOperating income

Q2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26
Operating income−$63.5K−$187.3K−$2.0M−$2.3M$26.3M
YoY growthTurned profit

Balance sheet, Jun 30, 2026Cash & short-term investments $85.4M · Total debt $422.1M · Total assets $759.1M · Shareholders' equity $192.8M

Revenue
$135.7M
Operating income
$26.3M
Net income
−$74.7M
View details

No dividends on record.

No ownership filings on record for this listing.

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