DAE Announces Financial Results for the Six Months Ended June 30, 2025

DAE Announces Financial Results for the Six Months Ended June 30, 2025

Revenue up 24%; Profit Before Tax up 228%

Dubai, U.A.E., 06 August 2025 – Dubai Aerospace Enterprise (DAE) Ltd (“DAE”) today reported its financial results for the six months ended June 30, 2025. The consolidated financial statements can be found here.

Selected Financial Highlights:

1. Adjusted to exclude insurance recoveries.

Selected Business and Operating Highlights:

• Completed US$2.0 billion acquisition of Nordic Aviation Capital DAC (“NAC”)
• Number of aircraft acquired: 236 (owned: 230; managed: 6) ⁽²⁾
• Number of aircraft sold: 35 (owned: 28; managed: 7)
• Aircraft commitments: 90, including 72 on order with Boeing, Airbus, and ATR
• Lease agreements, extensions, and amendments signed: 107 (owned: 83; managed: 24)
• Owned portfolio contracted: 99.2%
• Number of man hours booked (DAE Engineering): ~924,000
• Number of checks performed (DAE Engineering): 1432

​Includes the acquisition of NAC

Commenting on the results, Firoz Tarapore, Chief Executive Officer of DAE, stated, “We completed the acquisition of Nordic Aviation Capital on May 07, 2025. This acquisition increased our owned, managed and committed fleet by nearly 50% to approximately 750 aircraft. We have fully integrated the front office functions and are on track to fully integrate all middle- and back-office functions and systems by the end of this quarter.

Revenue and profitability rose significantly during this period reflecting the additional revenue from the acquired business and significant savings from refinancing debt and eliminating duplicative expenses. Our capital adequacy, funding, and liquidity metrics remain very strong.

Revenue grew 24% to US$843.6 million; pre-tax margin and return on equity improved to 25.7% and 13.3%, respectively.

DAE Engineering continued its strong performance with Jormaco's revenue up by 26% to US$119 million and profitability up by 80% to US$39.1 million in the first half of 2025.”

Webcast and Conference Call

In connection with the announcement of DAE's results for the six months ended June 30, 2025, management will host a conference call Wednesday, August 06, 2025 at 09:00 EDT / 14:00 BST / 17:00 GST / 21:00 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.