flynas loses SAR 527M in 2025, earns SAR 67.4M in Q4

The airline said cost of sales rose 4% in 2025 to SAR 6.36 billion, from SAR 6.08 billion in 2024, broadly in line with a 4% year-on-year (YoY) increase in revenue to SAR 7.84 billion.

Selling, marketing, general and administrative expenses remained stable at SAR 510 million in 2025, unchanged from a year earlier.

The low-cost aviation segment, which accounted for 90% of total revenue in 2025, grew 4% YoY to SAR 7.08 billion, supported by network expansion and increased operating capacity.

Revenue from the Hajj and Umrah segment remained broadly steady at SAR 584 million. General aviation revenue declined 6% YoY to SAR 174 million, representing 2% of total revenue.

Excluding non-recurring IPO-related expenses totaling SAR 1.08 billion in 2025—including a one-off employee share-based payment of SAR 981.9 million and IPO-related fees of SAR 101 million—the company’s adjusted net profit reached SAR 556 million, up from SAR 434 million in 2024.

Gains from sale-and-leaseback transactions totaled SAR 76 million in 2025, down from SAR 131 million a year earlier.

In Q4 2025, flynas swung to a net profit of SAR 67.4 million, compared with a net loss of SAR 59.1 million in the same period of 2024.

On a quarterly basis, net profit dropped 43.9% from SAR 120.2 million.