Emirates Group achieves record profit of $ 6.2 b

THE Emirates Group yesterday released its 2024-25 Annual Report, achieving new record profit, EBITDA, revenue, and cash balance levels. This outstanding performance places the Emirates Group as the most profitable aviation group globally in the 2024-25 reporting period, with Emirates reporting the best result in its history to become the world’s most profitable airline.

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Both Emirates and dnata contributed record revenues in 2024-25, as the Group expanded its operations around the world to meet voracious customer demand for its high-quality products and services.

The Group declares a dividend of $ 1.6 billion to its owner, the Investment Corporation of Dubai (ICD).

This is the first financial year that the UAE corporate tax, enacted in 2023, is applied to the Emirates Group. After accounting for the 9% tax charge, the Group's profit after tax is $ 5.6 billion.

Emirates airline and Group Chairman and Chief Executive Sheikh Ahmed bin Saeed Al Maktoum said: “It is no accident that Dubai has produced hugely successful global aviation entities including Emirates and dnata. Dubai's aviation sector has become an influential force on the global stage thanks to visionary leaders, strategic planning, co-ordinated execution, and strong support from our customers, business partners, and all the people of Dubai.

“When the government set up Emirates 40 years ago and we began expanding dnata’s capabilities to support the city's growth, we had a clear mission — be the best at what we do; and deliver value to Dubai, our stakeholders, and the communities we serve.

“With that in mind, we've kept a laser focus on providing great products and services, and we continually invest in technology and talent to increase our competitive edge. We look after our people and our customers, and we work hard to positively impact our communities. We don’t cut corners, and we don’t take shortcuts that put our future at risk for short term gains. By building our business models around these principles and Dubai’s unique strengths, the Emirates Group has thrived and stayed resilient through geo-political and socio-economic challenges over the years.”