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Bahri
The National Shipping Company of Saudi Arabia (Bahri) saw its net income rise 12.1% y-o-y in 2025 to SAR 2.4 bn, according to a Tadawul disclosure.
The growth was supported by strong performance in the Bahri Oil unit and higher income from equity-accounted investees, which offset declines from Bahri Chemicals, and Bahri Integrated Logistics. Meanwhile, the firm’s revenue grew 9.1% y-o-y to SAR 10.3 bn over the same period.
Dividends: Bahri’s board recommended a dividend payout of SAR 922.9 mn for 2025 at SAR 1 apiece, it said in a separate disclosure. The distribution date is yet to be announced.
Flynas
Budget airline Flynas swung to a net loss of SAR 527 mn in 2025 from a net income of SAR 434 mn a year earlier, after booking SAR 1.08 bn in one-off IPO-related expenses, according to an earnings release (pdf). Excluding these non-recurring costs, adjusted net income rose 28% y-o-y to SAR 556 mn. Meanwhile, revenue grew 3.8% y-o-y to SAR 7.8 bn.
The drivers: Revenue growth was largely supported by the low cost carrier segment, which accounted for about 90% of the total at SAR 7.1 bn — up 4% y-o-y as the airline expanded its network and operating footprint. Hajj and Umrah revenue remained broadly stable at SAR 584 mn, while general aviation revenue fell 6% y-o-y to SAR 174 mn.
Operational highlights: Flynas carried 15.8 mn passengers in 2025, up 7% y-o-y, while capacity increased 11% amid international expansion. The airline expanded its fleet to 71 aircraft by year-end, including eight new A320neos delivered during the year and five wet-leased jets added to support network growth. Flynas also launched 25 new routes and introduced 12 destinations across nine countries.
It’s too early to tell how the conflict will affect Flynas this year, but the airline is in a better condition than some GCC peers and is still operating flights on schedule, CEO Al Mohanna told Asharq Business. Some 30% of the company’s fuel consumption is covered with hedge contracts, Al Mohanna said.
Basic Chemical Industries
Basic Chemical Industries’ net income for 2025 was basically unchanged from the previous year at around SAR 41 mn, it said in a disclosure to Tadawul. Revenues dropped some 3.4% to around SAR 730 mn, which management attributed to a dip in the sales of industrial chemicals, manufactured goods, and polymer sales.
