Due to the full integration of Nordic Aviation Capital (NAC), which was bought earlier this year, Dubai Aerospace Enterprise (DAE) reported a 100% year-over-year improvement in profit before taxes to $653 million for the nine months ending September 30, 2025.
Compared to the same time in 2024, when total revenue was $904 million, operational cash flow was $1.13 billion and total revenue increased 26% to $1.28 billion. The adjusted pre-tax return on equity increased to 13.6%, and the adjusted pre-tax profit margin increased from 23.1% to 26.7%.
While net loans and borrowings rose to $9.91 billion, DAE’s total assets surged to $16.36 billion as of September 30, 2025, from $13.03 billion at the end of 2024. With a liquidity coverage ratio of 227 percent, liquidity was $3.44 billion.
The corporation sold 59 aircraft and bought 263 during that time, increasing its total owned, controlled, and committed fleet to 726 aircraft. Additionally, it obtained a $2.75 billion facility from 21 regional and Asian institutions and inked 162 leasing agreements.
DAE Engineering reported a 56.3% increase in profitability to $46.1 million and a 16.5% increase in revenue to $155.5 million. Joramco, its maintenance division, launched a new hangar with five additional heavy maintenance lines that can handle both wide- and narrow-body aircraft.
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