Flynas (4264) Q1 2026 earnings summary

Executive summary

• Report covers the three-month period ended 31 March 2026, prepared in accordance with IAS 34 and reviewed by PwC, with no material misstatements identified.

• Operations remained stable despite temporary airspace restrictions and fuel price volatility due to regional geopolitical developments.

• IPO completed in June 2025; shares now traded on the Saudi Exchange.

Financial highlights

• Revenue for Q1 2026 was SAR 2,005.5 million, up from SAR 1,828.1 million in Q1 2025.

• Net profit for Q1 2026 was SAR 117.9 million, compared to SAR 147.9 million in Q1 2025.

• Cash and cash equivalents stood at SAR 4,053 million as of 31 March 2026.

• Net current assets were SAR 635.5 million at quarter-end.

• Loan repayments of SAR 183 million made during the period; outstanding loans at SAR 1,301 million.

Outlook and guidance

• Management expects sufficient liquidity and financial resources to meet obligations for at least 12 months, even under adverse scenarios.

• Ongoing monitoring of geopolitical risks and fuel price volatility; no material disruption anticipated.