$102.2 million net profit "Dubai Aerospace Enterprise" During the first quarter

Dubai, April 29 / WAM / Dubai Aerospace Enterprise Limited announced today that it achieved net profits amounting to $102.2 million during the first quarter of 2026, an increase of 19.11% compared to $85.8 million during the same period in 2025.

The company recorded pre-tax profits of $120.4 million, compared to $101.2 million during the corresponding period last year.

The company’s revenues rose 15% to reach a record level of $455.5 million, compared to $395.9 million during the first quarter of 2025.

Operating profit amounted to $243.1 million, compared to $201.4 million, while net financing costs amounted to $122.7 million, and income tax expenses amounted to $18.2 million during the same period.

Operating cash flow recorded $296.3 million, compared to $344.7 million during the same period last year, while the pre-tax profit margin increased to 26.4% compared to 25.6%, and the rate of return on equity before tax stabilized at 13%.

In terms of the financial position, the company’s total assets amounted to $16.336 billion at the end of March 2026, compared to about $16.547 billion at the end of December 2025. Available liquidity also increased to $4.547 billion compared to $3.4 billion, with the liquidity coverage ratio improving to 1089% compared to 277%.

With regard to operational performance, the company acquired 9 aircraft, sold 15 aircraft, and signed 64 leasing, extension and modification agreements, bringing the total number of aircraft owned, managed and on order within its fleet to 663 aircraft.

DAE also signed new long-term unsecured revolving credit facility agreements worth $2.8 billion.

Firoz Tarapore, CEO of DAE, said that the first quarter of the year constituted an exceptional period for DAE, during which the company concluded a final agreement to acquire all shares of Macquarie Air Finance Limited in a deal valued at approximately $7 billion. This deal, upon completion, is expected to add about 350 owned and on-order aircraft to the company’s fleet.

He added that the company’s strong and continuous financial performance over the past five years, in addition to the continuous growth in the volume of its business, contributed to raising the credit rating of its unsecured debts from the first degree to A- by the KBRA global rating agency.

He stated that the financial results during the first quarter reflected the strength and flexibility of the business model, as revenues reached record levels and profitability margins expanded.

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