Dubai Aerospace Enterprise (DAE) announced its results for the year ended December 31, 2025, with pre-tax profit rising 43% year on year to $761.6 million. Revenue increased 21% to $1.725 billion from $1.429 billion in 2024.
According to a DAE press release, the adjusted pre-tax profit margin improved to 26% from 23.2%, while pre-tax return on equity rose to 13.4% from 11% in 2024.
Asset growth and operational expansion
Total assets reached $16.5 billion at the end of 2025, up from $13 billion. Net loans and borrowings increased to $10.2 billion, with available liquidity of $3.4 billion and a liquidity coverage ratio of 277%.
DAE acquired 280 aircraft and sold 111 during 2025, while signing 273 lease, extension and amendment agreements. Its owned, managed and committed aircraft total reached 678.
Strategic transactions and partnerships
Transactions included a long-term sale-and-leaseback of 10 Boeing 737-9 aircraft for United Airlines and long-term leases of 10 Boeing 737-8 aircraft to AJet. DAE also priced $610 million in aircraft asset-backed securities and issued a $650 million five-year benchmark sukuk.
Engineering performance
The engineering division recorded a 13% revenue increase to $211 million and a 47% profit rise to $64 million. A new heavy-maintenance hangar at its Amman facility increased capacity by around 30%, strengthening subsidiary Joramco’s position among the region’s leading aircraft maintenance providers.
CEO Firoz Tarapore described 2025 as an exceptional year. The acquisition of NAC contributed to 38% growth in the owned and managed fleet to 604 aircraft at year-end. DAE also raised $3.9 billion in long-term debt financing through public and private transactions.
The company serves more than 200 airlines in over 80 countries through aircraft leasing and maintenance, repair and overhaul activities, with operating centres in Dubai, Dublin, Amman, Singapore, Miami and Seattle.
