DAE Announces Financial Results for the Six Months Ended June 30, 2026

Dubai Aerospace Enterprise (DAE) Ltd (“DAE”) today reported its financial results for the six months ended June 30, 2026. The consolidated financial statements can be found here.

Selected Financial Highlights:

Selected Business and Operating Highlights:
• Number of aircraft acquired: 18 (owned: 17; managed: 1)
• Number of aircraft sold: 39 (owned: 32; managed: 7)
• Lease agreements, extensions, and amendments signed: 114 (owned: 104; managed: 10)
• Owned, Managed, and Committed Aircraft in Fleet: 638
• Number of man hours booked (DAE Engineering): ~720,000
• Number of checks performed (DAE Engineering): 142
• Announced agreement with Blackstone Credit & Insurance to launch “Equator”, a long-term co-investment platform targeting US$1.6 billion in aircraft investment annually
• Announced agreement with Neuberger to launch “Mustang”, a long-term co-investment platform targeting US$6.0 billion in aircraft investment over the medium term

Commenting on the results, Firoz Tarapore, Chief Executive Officer of DAE, stated, “the first half has been a momentous period for DAE. We announced the acquisition of Macquarie AirFinance Limited (“MAF”) and the formation of two long-term co-investment programs with world-class financial institutions. These co-investment programs are sized to add approximately US$15 billion of new aircraft assets over the next five years to our total fleet. Our enhanced scale, expanded product offerings, robust underwriting discipline and financial strength will allow us to serve our clients more holistically than ever before. Today, after the close of the previously announced acquisition of MAF, we will serve over 175 airline customers in 75 countries with an owned, managed and committed fleet of approximately 1,000 aircraft.

For DAE Engineering, revenue continues to be impacted by lingering effects of the regional conflict and related airspace closures. However, the outlook for the upcoming winter season in the northern hemisphere remains positive, with a robust pipeline. Consolidated revenue increased, and margins expanded. Our returns stayed high and our liquidity coverage ratio reached a record 1,202% in anticipation of yesterday’s closing of the MAF acquisition. Overall, the Group remains largely unimpacted by regional events, and this reflects the scale, breadth, and strength of the DAE franchise.”

Webcast and Conference Call
In connection with the announcement of DAE’s results for the six months ended June 30, 2026, management will host a conference call on Wednesday, July 29, 2026 at 09:30 EDT / 14:30 BST / 17:30 GST / 21:30 SGT.

The call can be accessed by clicking here to attend the presentation from your laptop, tablet or mobile device, or by clicking here to generate your unique dial-in PIN and to access the full list of toll-free dial-in numbers.

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.