Dubai Aerospace Enterprise (DAE) Ltd on Wednesday announced a robust financial performance for the first half of 2025, driven by strategic acquisitions and operational efficiencies. The company reported a 24 per cent increase in revenue and a staggering 228 per cent rise in profit before tax compared to the same period last year.
According to the financial results for the six months ended June 30, 2025, DAE’s total revenue reached $843.6 million, up from $679.2 million in 2024. Profit before tax soared to $506.8 million, a significant jump from $154.3 million a year earlier. Operating cash flow also improved, rising to $659.0 million.
The company’s adjusted pre-tax profit margin increased to 25.7 per cent, while its adjusted pre-tax return on equity climbed to 13.3 per cent, reflecting enhanced profitability and capital efficiency.
Major acquisition boosts fleet and revenue
A key driver of DAE’s performance was the $2.0 billion acquisition of Nordic Aviation Capital (NAC), completed in May 2025. The deal expanded DAE’s fleet by nearly 50 per cent, bringing the total to approximately 750 aircraft. The acquisition included 236 aircraft (230 owned and 6 managed), and DAE sold 35 aircraft during the period.
CEO Firoz Tarapore commented, “The acquisition of NAC has significantly strengthened our market position. We’ve already integrated front-office operations and expect full integration of back-office systems by the end of this quarter.”
Tarapore also highlighted the impact of refinancing and cost-cutting measures, which contributed to the surge in profitability. “Our capital adequacy, funding, and liquidity metrics remain very strong,” he added.
Engineering division delivers strong growth
DAE Engineering, operating under the Joramco brand, also posted impressive results. Revenue rose 26 per cent to $119 million, while profitability jumped 80 per cent to $39.1 million. The division logged approximately 924,000 man-hours and completed 143 maintenance checks in the first half of the year.
Somshankar Bandyopadhyay
Somshankar Bandyopadhyay is a News Editor with close to three decades of experience. Currently, he manages the business section, ensuring that the top economic and business news of the day reaches its readers.