Dubai Aerospace Enterprise (DAE) has announced its financial results for the year ended December 31, 2025, delivering strong growth in revenue, profitability and overall asset base.
Total revenue reached US$1,725.2 million in 2025, up from US$1,429.6 million in 2024. This represents an increase of US$295.6 million, or 20.7%. The rise was primarily driven by higher lease income linked to aircraft acquired through business combinations and other channels, alongside increased maintenance revenue during the year.
DAE also reported profit of US$702.2 million for 2025, compared with US$477.5 million the previous year. This marks a substantial increase of US$224.7 million, or 47.1%. The improvement was largely attributed to stronger operating performance and insurance recoveries, partly offset by higher net finance costs and an increased income tax expense.
Operating profit before exceptional items rose to US$922.6 million, up from US$711.1 million in 2024. The increase of US$211.5 million, or 29.7%, reflects the company’s higher revenue base and gains on aircraft disposals, although this was partially balanced by an overall rise in total expenses.
Total assets grew significantly to US$16,547.7 million at the end of 2025, compared with US$13,033.3 million at the end of 2024. This expansion was mainly due to aircraft acquisitions completed during the year, including those obtained through business combinations.
Available liquidity stood at US$3,400.2 million at December 31, 2025, down from US$3,785.6 million a year earlier. However, the liquidity coverage ratio improved slightly to 277%, compared with 274% in 2024.
The company’s net debt-to-equity ratio increased to 2.58:1 times, compared with 2.42:1 times at the end of the previous year.
