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

Six months ended
*US$ millions*	Jun 30, 2025	Jun 30, 2024
Total Revenue	843.6	679.2
Profit before Tax	506.8	154.3
Operating Cash Flow	659.0	612.4

Adjusted Pre-Tax Profit Margin ⁽¹⁾	25.7%	22.7%
Adjusted Pre-Tax Return on Equity ⁽¹⁾	13.3%	11.0%

As at
*US$ millions*	Jun 30, 2025	Dec 31, 2024
Total Assets	15,997.4	13,033.3
Net Loans and Borrowings	9,789.2	7,999.7
Available Liquidity	3,649.2	3,785.6

Net-Debt-to-Equity	2.60x	2.42x
Unsecured Debt Percentage	84.6%	79.4%
Liquidity Coverage Ratio	248%	274%

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)

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.

Full details of the call can also be accessed live via the link on DAE’s website:

www.dubaiaerospace.com/investors.

Forward Looking Statements

Certain information contained in this Press Release may constitute “forward-looking statements” which can be identified by the use of forward-looking terminology such as “may”, “will”, “should”, “could”, “continue”, “expect”, “anticipate”, “predict”, “project”, “plan”, “estimate”, “budget”, “assume”, “potential”, “future”, “intend” or “believe” or the negatives thereof or other comparable terminology. These statements reflect DAE’s current expectations and assumptions and involve known and unknown risks regarding future events, results or outcomes and are not guarantees of future results or financial condition. Actual results, performance, achievements, or conditions may differ materially from those in the forward‐looking statements and assumptions as a result of a number of factors, many of which are beyond DAE’s control.

Non-IFRS Financial Information

This Press Release may include certain non-IFRS financial information, such as Adjusted EBITDA, not prepared in accordance with IFRS. Because of the limitations of Adjusted EBITDA, it should not be considered as a substitute for financial information prepared or determined in accordance with IFRS, as applicable. Where applicable, DAE compensates for these limitations by relying primarily on its IFRS results and using Adjusted EBITDA only for supplemental purposes.