Flynas Posts SAR 862 Mln Loss in Q2

Flynas Co. recorded on Monday losses of SAR 862 million during the second quarter of 2025, compared to a profit of SAR 239 million in the same period last year.

Operational loss amounted to SAR 684 million, compared to a profit of SAR 402 million for the same quarter last year.

The Company incurred losses of SAR 714 million during the current six-month period, compared to a profit of SAR 388 million for the same period last year.

The loss per share for the current period amounted to SAR 4.58, compared to a profit of SAR 2.52 for the same period last year.

The Company stated in a statement that it recorded a net loss of SAR 862.5 million in the second quarter of 2025 (compared to a net profit of SAR 238.8 million in the second quarter of 2024), entirely attributable to non-recurring expenses related to the public offering (IPO) totalling SAR 1.083 billion. These expenses consist of the non-recurring cost of the employee stock-based payment programme amounting to SAR 981.9 million and the public offering fees amounting to SAR 101.0 million. (These expenses were fully funded by shareholders in the pre-IPO phase, with no impact on retained earnings, net equity or the Company’s performance.)