flynas delivers historic record adjusted net profit of SAR 556 mn, up 28% YoY on SAR 7.8 bn revenue in 2025

flynas, a leading low-cost carrier in the Middle East and North Africa region, announces its financial and operational results for the fourth quarter and full year ended December 2025.

Financial Performance
- Revenue: SAR 7.8 billion (+4% YoY).
- Adjusted Net Profit: SAR 556 million (+28% YoY), margin at 7.1%.
- Adjusted EBITDA: SAR 2.5 billion (+15% YoY), margin at 32.1%.
- Liquidity: SAR 4.1 billion in cash/equivalents.
- Net Debt: Reduced by 27% YoY, leverage down to 1.3x adjusted EBITDA.

Operational Highlights
- Passengers carried: 15.8 million (+7% YoY).
- Fleet: 71 aircraft.
- Network: 156 routes, 80 destinations, 38 countries.
- Load factor: Maintained above 85%.
- New routes: 25 launched, entering 9 new countries.

Quarterly growth (Q4 2025):
- Passenger volumes: +13% YoY (4.3 million).
- Revenue: SAR 1.8 billion (+7% YoY).
- Adjusted net profit: SAR 67 million (vs. net loss of SAR 59 million in Q4 2024).

Strategic Measures
- Introduced wet leases to protect schedules amid aircraft availability issues.
- Targeted fare initiatives to stimulate demand.
- Shifted funding strategy toward a balanced mix of owned and leased aircraft, reducing reliance on sale-and-leaseback.

Outlook
- CEO Bander Almohanna emphasized resilience, disciplined execution, and network expansion despite regional disruptions.
- CFO Ramzi Zaroubi highlighted margin discipline, cash generation, and prudent capital allocation as the foundation for sustainable growth.
- Focus remains on scaling capacity efficiently, deepening market presence, and enhancing guest experience.

This result positions flynas as one of the strongest low-cost carriers in MENA, showing both financial resilience and operational adaptability despite regional challenges.