DAE Announces Financial Results for the Nine Months Ended September 30, 2025

Profit Before Tax increased by 100% to US$653.0 million

Dubai, U.A.E., 29 October 2025 – Dubai Aerospace Enterprise (DAE) Ltd (“DAE”) today reported its financial results for the nine months ended September 30, 2025. The consolidated financial statements can be found here.

Selected Financial Highlights:

1. Adjusted to exclude insurance recoveries.

Selected Operating and Business Highlights:

• Number of aircraft acquired: 263 (owned: 249; managed: 14) ⁽²⁾
• Number of aircraft sold: 59 (owned: 48; managed: 11)
• Lease agreements, extensions, and amendments signed: 162 (owned: 134; managed: 28)
• Owned, Managed and Committed Aircraft in Fleet: 726
• Owned portfolio contracted: 99.0%
• Number of man hours booked (DAE Engineering): ~1,311,000
• Number of checks performed (DAE Engineering): 191
• Signed Purchase and Leaseback Agreement with United Airlines for 10 New Boeing 737-9 Aircraft
• Added a 5-bay heavy maintenance hangar increasing capacity to 22 parallel lines
• Raised US$2.75 billion with a tenor of 5.4 years from 21 regional and Asian banks

1. Includes the acquisition of Nordic Aviation Capital DAC (“NAC”)

Commenting on the results, Firoz Tarapore, Chief Executive Officer of DAE, stated, “Our financial results for the third quarter of 2025 reflect the ownership of NAC, which was completed in May 2025. The acquisition has now been fully integrated across all of our operating systems. Revenue for the nine-month period ended September 30, 2025 surged 26% to US$1.3 billion, propelling a 100% increase in Profit Before Tax to US$653 million.

Pre-Tax Profit Margin and Return on Equity increased to 26.7% and 13.6%, respectively. Capital adequacy, funding, and liquidity metrics remained comfortably within our internal and stakeholder targets.

DAE Engineering continued its strong performance with revenue increasing by 16.5% to US$155.5 million and profitability increasing by 56.3% to US$46.1 million for the first nine months of 2025. During the quarter, Joramco opened its new state-of-the-art hangar, increasing capacity with five new maintenance lines capable of servicing both wide- and narrow-body aircraft.”

Webcast and Conference Call

In connection with the announcement of DAE's results for the nine months ended September 30, 2025, management will host a conference call on Wednesday, October 29, 2025 at 09:30 EDT / 13:30 GMT / 17:30 GST / 21:30 SGT.

The call can be accessed live by clicking here from your laptop, tablet, or mobile device, or by dialing one of the global dial-in numbers and quoting ‘Dubai Aerospace Enterprise' when prompted.