The Emirates Group has published its 2024–25 Annual Report, revealing a stellar financial performance. This year marks a significant milestone in the Group’s history, with both Emirates and dnata achieving record-breaking results across all key financial indicators, including revenue, profit, EBITDA and cash reserves.
For the financial year ending March 31, 2025, the Group posted a record pre-tax profit of AED 22.7 billion (US$ 6.2 billion), reflecting an 18% year-on-year increase. Total revenue reached a new high of AED 145.4 billion (US$ 39.6 billion), up 6% compared to the previous year, while EBITDA rose by 6% to AED 42.2 billion (US$ 11.5 billion), underscoring the Group’s robust operational performance. The Group also reported its strongest-ever cash balance, standing at AED 53.4 billion (US$ 14.6 billion), a 13% increase from the prior year.
Emirates airline led the charge, earning its title as the most profitable airline in the world. It recorded a pre-tax profit of AED 21.2 billion (US$ 5.8 billion), a 20% rise from last year, alongside a record revenue of AED 127.9 billion (US$ 34.9 billion). Its cash reserves hit AED 49.7 billion (US$ 13.5 billion), up 16% from 31 March 2024.
dnata also posted exceptional results, achieving a record profit before tax of AED 1.6 billion (US$ 430 million), up 2% year-on-year. Its revenue climbed 10% to AED 21.1 billion (US$ 5.8 billion), while cash assets totalled AED 3.7 billion (US$ 1.0 billion).
Reflecting this success, the Emirates Group has declared a dividend of AED 6.0 billion (US$ 1.6 billion) to its owner, the Investment Corporation of Dubai (ICD). Notably, this financial year marks the first time the UAE’s corporate tax, introduced in 2023, has been applied to the Group. After accounting for a 9% tax charge, the Group’s net profit stands at AED 20.5 billion (US$ 5.6 billion), maintaining its status as a global aviation powerhouse.
