RIYADH: Saudi low-cost carrier flynas posted a 28 percent increase in adjusted annual profit for 2025, as passenger growth and fleet expansion supported earnings despite a statutory loss caused by one-off expenses linked to its public listing.
Adjusted net profit reached SR556 million ($148.1 million), compared with SR434 million a year earlier, according to a filing on Saudi Exchange.
The airline reported a statutory net loss of SR527 million, versus a net profit of SR434 million in 2024, after booking SR1.08 billion in non-recurring IPO-related charges, including a one-time employee share-based payment expense and listing fees.
The Saudi carrier last year raised SR4.1 billion in what marked one of the region’s largest aviation listings.
The strong financial results of flynas come as a contributor to Saudi Arabia’s goal to establish itself as a global tourist and business destination. The Kingdom aims to attract over 150 million visitors by the end of this decade.
