Dubai Aerospace Enterprise (DAE) Ltd posted a 100 percent year-on-year increase in profit before tax, reaching US$653 million for the nine months ending 30th September 2025, driven by the full integration of Nordic Aviation Capital (NAC), acquired earlier this year.
Total revenue for the period rose 26 percent to US$1.28 billion, while operating cash flow reached US$1.13 billion, up from US$904 million in the same period in 2024. The adjusted pre-tax profit margin increased to 26.7 percent from 23.1 percent, and adjusted pre-tax return on equity rose to 13.6 percent.
DAE’s total assets grew to US$16.36 billion as of 30th September 2025, compared to US$13.03 billion at the end of 2024, while net loans and borrowings increased to US$9.91 billion. Liquidity stood at US$3.44 billion, with a liquidity coverage ratio of 227 percent.
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 US$2.75 billion facility from 21 regional and Asian banks.
DAE Engineering recorded a 16.5 percent increase in revenue to US$155.5 million and a 56.3 percent rise in profitability to US$46.1 million. Its maintenance arm, Joramco, inaugurated a new hangar with five additional heavy maintenance lines capable of servicing both wide- and narrow-body aircraft.
Chief Executive Officer Firoz Tarapore said the strong results reflect the successful integration of NAC and continued performance across all operating units, noting that DAE’s capital, funding and liquidity metrics remain within internal and stakeholder targets.
He added that DAE’s diversified portfolio and strong balance sheet continue to position the company for sustainable growth, reinforcing its role as a global leader in aircraft leasing and engineering services.
(Inputs from WAM)
