Dubai Aerospace Enterprise (DAE) Reports Strong Financial Growth
Dubai Aerospace Enterprise (DAE) has announced a remarkable 24% year-on-year increase in revenue, reaching US$843.6 million for the first half of 2025, compared to $679.2 million in the same period last year.
Profit Surge
Profit before tax experienced a significant surge of 228%, totaling $506.8 million, up from $154.3 million in H1 2024. This growth was bolstered by improved profitability metrics and the recent acquisition of Nordic Aviation Capital (NAC).
Improved Financial Metrics
The company’s pre-tax margin and return on equity saw improvements, reaching 25.7% and 13.3%, respectively.
Operating Cash Flow and Total Assets
Operating cash flow for the first half stood at $659 million, while total assets increased to nearly $16 billion as of end-June 2025, up from around $13 billion at the end of December 2024. This rise followed DAE’s $2 billion acquisition of NAC in May.
Aircraft Portfolio Expansion
The acquisition has expanded DAE’s aircraft portfolio to approximately 750 aircraft, including owned, managed, and committed fleet, representing nearly 50% growth. During this period, DAE acquired 236 aircraft and sold 35.
CEO Statement
Firoz Tarapore, Chief Executive Officer of DAE, stated, “We have fully integrated the front office functions and are on track to fully integrate all middle- and back-office functions and systems by the end of this quarter.”
