DAE Announces Financial Results for the 09 Months Ended September 30 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:

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 

(2)    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 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.