Dubai Aerospace Enterprise profits jump 100% to $653m in 9 months

Dubai Aerospace Enterprise (DAE) reported a 100 per cent year-on-year increase in profit before tax to $653 million for the nine months ended 30th September, 2025, driven by the full integration of Nordic Aviation Capital (NAC), acquired earlier this year.

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Total revenue for the period rose 26 per cent to $1.28 billion, while operating cash flow reached $1.13 billion, compared to $904 million during the same period in 2024. Adjusted pretax profit margin stood at 26.7 per cent, up from 23.1 per cent, and adjusted pretax return on equity rose to 13.6 per cent.

DAE's total assets grew to $16.36 billion as of 30th September, 2025, up from $13.03 billion at the end of 2024, while net loans and borrowings increased to $9.91 billion. Liquidity stood at $3.44 billion with a liquidity coverage ratio of 227 per cent.

During the period, the company acquired 263 aircraft and sold 59, bringing its total owned, managed and committed fleet to 726 aircraft. It also signed 162 lease agreements and secured a $2.75 billion facility from 21 regional and Asian banks.

DAE Engineering reported a 16.5 per cent rise in revenue to $155.5 million and a 56.3 per cent increase in profitability to $46.1 million. Its maintenance arm, Joramco, opened a new hangar with five additional heavy maintenance lines capable of handling both wideand narrow-body aircraft.