"Dubai Aerospace Enterprise" It achieved $229.9 million in pre-tax profits during the first half
Dubai, July 29, 2026 – Dubai Aerospace Enterprise Limited announced that it achieved pre-tax profits of $229.9 million during the six months ending on June 30, 2026, compared to $217.1 million during the same period last year, while revenues rose to $865.9 million compared to $843.6 million.
The company’s financial results showed an increase in the adjusted profit margin before tax deduction to 26.6% compared to 25.7%, while the rate of return on equity before tax deduction reached 12.7% compared to 13.3% in the corresponding period of 2025, while operating cash flow reached $594 million compared to $659 million.
According to the results, the company’s total assets reached $16.005 billion at the end of June 2026, while net loans and borrowings declined to $9.798 billion compared to $10.228 billion at the end of 2025, and available liquidity increased to $4.376 billion compared to $3.4 billion, with the liquidity coverage ratio reaching a record level of 1,202% compared to 277% at the end of last year, while the net debt to equity ratio reached 2.61 times, and the percentage of unsecured debts increased to 89.4% compared to 87.8%.
In terms of operational work, the company acquired 18 aircraft, sold 39 aircraft, and signed 114 leasing, extension and modification agreements, while the number of aircraft owned, managed and on order in its fleet reached 638 aircraft. The Engineering Department also recorded about 720,000 reserved working hours and completed 142 inspections during the first half of the year.
During this period, the company announced an agreement with “Blackstone Credit and Insurance” to launch the long-term joint investment platform “Equator”, which targets annual investments in aircraft worth $1.6 billion, in addition to an agreement with “Newberger” to launch the “Mustang” platform, which targets investments in aircraft worth $6 billion in the medium term.
Firoz Tarapore, CEO of DAE, said that the first half of 2026 represented a pivotal stage in the company’s journey, with the announcement of the acquisition of Macquarie Aviation Limited, in addition to the establishment of two long-term joint investment programs with leading global financial institutions, expecting that these programs will add new aircraft assets worth approximately $15 billion to the company’s total fleet during the next five years.
He added that after completing the acquisition of Macquarie Air Finance, the company will provide its services to more than 175 airline clients in 75 countries, through a fleet that includes about a thousand owned, managed and on-order aircraft.
- For more: Follow Khaleejion 24 Arabic, Khaleejion 24 English, Khaleejion 24 Live, and for social media follow us on Facebook and Twitter
