Dubai Aerospace Enterprise has released its financial results for the nine months ending September 30, 2025, reporting a net profit of $566.7 million (2.07 billion AED), a significant increase of 82.3% compared to $310.8 million (1.14 billion AED) from the previous year.
For the same period, revenues grew by 26%, reaching $1.3 billion (4.7 billion AED), which resulted in a doubling of pre-tax profit to $653 million (2.4 billion AED).
The operating profit before exceptional items stood at $686.1 million, up from $512.1 million in 2024.
Total assets amounted to $16.36 billion (60 billion AED), compared to $13.03 billion (47.8 billion AED) at the end of 2024. The available liquidity reached $3.44 billion (12.6 billion AED).
Additionally, the pre-tax profit margin and returns on equity increased to 26.7% and 13.6% respectively, while capital adequacy, financing, and liquidity indicators remained within the internally set targets, consistent with stakeholder expectations.
CEO Firoz Tarapore stated, “Our financial results for the third quarter of 2025 reflect the impact of the acquisition of NAC, which was completed in May 2025, and the company has already been fully integrated into our operational systems.
The engineering division performed exceptionally well, with a revenue increase of 16.5% to $155.5 million, while its profits surged by 56.3% to $46.1 million during the first nine months of 2025. This quarter, the company inaugurated its new advanced facility, enhancing its capacity with five new maintenance lines that can service both narrow and wide-body aircraft.
The company’s fleet comprises 726 aircraft, with the group owning 263 (owned: 249, managed: 14) and selling 59 aircraft (owned: 48, managed: 11). The signed lease agreements and extensions totaled 162 aircraft (owned: 134, managed: 28).
The contracted percentage of the owned aircraft portfolio stands at 99%, with around 1,311,000 work hours reserved in the engineering department and 191 inspections completed. The company signed a purchase and leaseback agreement with United Airlines for ten new Boeing 737-9 aircraft.
Additionally, a heavy maintenance hangar with five bays has been added, increasing its capacity to 22 parallel lines. The company secured $2.75 billion in financing with a repayment period of 5.4 years from 21 regional and Asian banks.