Dubai Aerospace Enterprise Achieves 100% Profit Growth To USD 653 Million In Nine Months

Dubai Aerospace Enterprise (DAE) Ltd announced a significant rise in profit before tax, reaching US$653 million for the nine months ending 30th September 2025. This marks a 100 percent increase compared to the previous year. The surge is attributed to the complete integration of Nordic Aviation Capital (NAC), which DAE acquired earlier this year.

Total revenue for DAE during this period increased by 26 percent, amounting to US$1.28 billion. Operating cash flow also saw an improvement, reaching US$1.13 billion, up from US$904 million in the same timeframe in 2024. The adjusted pre-tax profit margin improved to 26.7 percent from 23.1 percent, while the adjusted pre-tax return on equity climbed to 13.6 percent.

As of 30th September 2025, DAE's total assets expanded to US$16.36 billion, compared to US$13.03 billion at the end of 2024. Net loans and borrowings rose to US$9.91 billion, while liquidity was recorded at US$3.44 billion with a liquidity coverage ratio of 227 percent.

The company made significant fleet changes by acquiring 263 aircraft and selling 59 during this period. This brought its total owned, managed, and committed fleet size to 726 aircraft. Additionally, DAE signed 162 lease agreements and secured a substantial US$2.75 billion facility from a consortium of regional and Asian banks.

DAE Engineering reported a revenue increase of 16.5 percent, totalling US$155.5 million, alongside a profitability boost of 56.3 percent to reach US$46.1 million. Joramco, its maintenance division, expanded its capabilities by opening a new hangar equipped with five additional heavy maintenance lines suitable for both wide- and narrow-body aircraft.

Chief Executive Officer Firoz Tarapore highlighted that these robust results underscore the successful integration of NAC and consistent performance across all operational units within DAE. He emphasised that DAE’s capital, funding, and liquidity metrics remain aligned with internal goals and stakeholder expectations.

Tarapore further stated that DAE's diverse portfolio and solid balance sheet continue to support sustainable growth, reinforcing its status as a global leader in aircraft leasing and engineering services.

With inputs from WAM