RIYADH: Saudi low-cost airline flynas saw a 28% rise in adjusted annual profits for 2025. This was due to an increase in passengers and fleet size, even though the company had to report a deficit due to one-time costs related to its public offering.
According to a report with the Saudi Exchange, adjusted net profit rose from SR434 million ($148.1 million) a year earlier to SR556 million ($148.1 million).
The airline said it had a legal net loss of SR527 million, compared to a net profit of SR434 million in 2024. This was because it had to pay SR1.08 billion in one-time costs connected to its IPO, such as listing fees and an employee share-based payment. Last year, the Saudi airline raised SR4.1 billion in what was one of the biggest aviation listings in the area.
Flynas’s outstanding financial results help Saudi Arabia reach its objective of becoming a top tourism and business destination around the world. By the end of this decade, the Kingdom aims to attract more than 150 million tourists.
Bander Al-Mohanna, the CEO and managing director, remarked, “2025 was a year of disciplined execution and strategic progress for flynas.” Even though we faced problems from the outside, such not having enough planes and disruptions in some areas, we maintained focused on making sure our operations were reliable, keeping costs down, and growing our network.
Also Read:
Saudi–Pakistan Meeting Highlights Joint Action Plan Against Drug Smuggling
Dana Odeh: Empowering Ethical Fashion Through Rock N Shine
