Saudi low-cost airline flynas recorded adjusted net profit of SAR 556 million for the financial year ended December 2025, up 28% year on year. Adjusted earnings before interest, tax, depreciation and amortisation (EBITDA) rose to SAR 2.5 billion, with the margin improving to 32.1%.
The airline, listed on the Saudi Exchange under ticker 4264, said revenue increased 4% to SAR 7.8 billion in 2025, supported by operational growth and fleet and network expansion. Its adjusted net profit margin reached 7.1%, a reported year-on-year increase of 1.4%, according to a statement on the flynas website.
Flynas carried 15.8 million passengers in 2025, up 7% from the previous year, operating a fleet of 71 aircraft across 156 routes to 80 destinations in 38 countries.
In the fourth quarter, passenger numbers rose 13% to 4.3 million and revenue increased 7% to SAR 1.8 billion, supported by 17% capacity growth.
Adjusted EBITDA rose 21% to SAR 482 million. Adjusted net profit was SAR 67 million, compared with an adjusted net loss of SAR 59 million in the corresponding prior-year period.
Managing director and chief executive Bander Al-Mohanna said 2025 saw disciplined execution and strategic progress despite external challenges, including aircraft availability constraints and regional disruption. The airline maintained its focus on operational reliability, cost discipline and network expansion.
It expanded its fleet to 71 aircraft, launched 25 new routes and entered nine new countries, taking its network to 38 countries and strengthening its presence across the Middle East and North Africa.
During the fourth quarter, targeted pricing initiatives supported demand while the average load factor remained above 85%. Wet-lease arrangements also protected flight schedules amid operational challenges associated with aircraft being out of service.
Since the latest regional conflict began in February 2026, the airline has focused on operational stability, passenger support and adapting services to developments, with passenger and employee safety remaining the highest priority.
Chief financial officer Ramzi Zaroubi said the 2025 results demonstrate the strength of the operating model and disciplined cost structure. Flynas ended the year with strong liquidity, including SAR 4.1 billion in cash and cash equivalents.
Net debt fell 27% year on year, reducing net leverage to 1.3 times adjusted EBITDA and providing financial flexibility to support future growth.
Zaroubi added that the financing strategy shifted in 2025 towards a more balanced mix of owned and leased aircraft, reducing reliance on sale-and-leaseback transactions and supporting improved capital efficiency and a lower long-term cost base.
To read the flynas statement, click here.
