Emirates Group 2024-25 Annual Report Highlights
The Emirates Group has released its 2024-25 Annual Report, showcasing significant achievements including record profit, EBITDA, revenue, and cash balance levels. This exceptional performance positions the Emirates Group as the world’s most profitable aviation group, with Emirates achieving its highest-ever profit result.
Key Financial Metrics
- Record profit before tax: AED 22.7 billion (US$ 6.2 billion), up 18% from last year
- Record revenue: AED 145.4 billion (US$ 39.6 billion), up 6%
- Cash assets: AED 53.4 billion (US$ 14.6 billion), up 13%
- Highest-ever EBITDA: AED 42.2 billion (US$ 11.5 billion), up 6%
For the Emirates airline specifically:
- Profit before tax: AED 21.2 billion (US$ 5.8 billion), up 20%
- Revenue: AED 127.9 billion (US$ 34.9 billion), up 6%
- Cash assets: AED 49.7 billion (US$ 13.5 billion), up 16%
For dnata:
- Profit before tax: AED 1.6 billion (US$ 430 million), up 2%
- Revenue: AED 21.1 billion (US$ 5.8 billion), up 10%
- Cash assets: AED 3.7 billion (US$ 1.0 billion)
The Group has declared a dividend of AED 6.0 billion (US$ 1.6 billion) to its owner, the Investment Corporation of Dubai (ICD).
Leadership Commentary
His Highness Sheikh Ahmed bin Saeed Al Maktoum, Chairman and Chief Executive, stated:
“Dubai’s aviation sector has become an influential force globally due to visionary leadership and strategic planning. We are focused on providing great products and services, continuously investing in technology and talent.”
The Emirates Group collectively invested AED 14.0 billion (US$ 3.8 billion) in aircraft, facilities, and technology to support growth plans. The workforce grew by 9% to 121,223 employees, the largest in its history.
Outlook for 2025-26
Sheikh Ahmed expressed optimism for the year ahead, indicating strong intentions to enhance network connectivity with new aircraft deliveries and ongoing investments across operations.
Emirates Performance Overview
In 2024-25, Emirates continued its recovery with total passenger and cargo capacity increasing by 4%. Key highlights include:
- Launched two new destinations
- Added 99 aircraft to the retrofit programme, totaling a US$ 5.0 billion investment
- Record operating cash flow of AED 40.8 billion (US$ 11.1 billion)
dnata Performance Overview
dnata has reported an increase in profit before tax and total revenue driven by global travel activity. Key points include:
- Revenue from Airport Operations increased to AED 9.9 billion (US$ 2.7 billion)
- Investments totaled AED 579 million (US$ 158 million)
Sustainability Initiatives
Both Emirates and dnata have made strides in sustainability, including investments in Sustainable Aviation Fuel (SAF) and initiatives to reduce their environmental impact.
More details of the Emirates Group’s initiatives can be found in their full 2024-25 Annual Report.
