Emirates Group recorded a net profit of AED 21 billion, equivalent to USD 5.7 billion, in the 2025-2026 fiscal year, up 3% on the previous fiscal year, despite the operational challenges of the final month of the fiscal year and the increase in the UAE corporate tax rate applied to the group from 9% to 15%.
Before tax, the group recorded a record profit of AED 24.4 billion, equivalent to USD 6.6 billion, up 7%, with a pre-tax profit margin of 16.2%, according to a press release published on the Emirates website.
In its annual financial report for the year ended 31 March 2026, the group explained that its revenue reached a record AED 150.5 billion, equivalent to USD 41 billion, up 3% compared with the previous fiscal year.
Cash balances rose to AED 59.6 billion, equivalent to USD 16.2 billion, up 12%. The group also recorded earnings before interest, taxes, depreciation and amortization (EBITDA) of AED 41.1 billion, reflecting its strong operating profitability.
Emirates' Performance
Emirates recorded a record pre-tax profit of AED 22.8 billion, equivalent to USD 6.2 billion, up 7% on the previous fiscal year, with a pre-tax profit margin of 17.4%.
Emirates' revenue reached AED 130.9 billion, up 2%, while its cash balances reached an all-time high of AED 54.9 billion, up 10% compared with the end of March 2025.
dnata's Performance
dnata continued to grow across its business divisions, recording a record pre-tax profit of AED 1.6 billion, equivalent to USD 437 million, up 2%, with a pre-tax profit margin of 6.8%.
dnata's revenue rose to AED 23.6 billion, equivalent to USD 6.4 billion, up 12%, and its cash balances reached AED 4.7 billion, equivalent to USD 1.3 billion, up 28%.
The group announced a dividend of AED 3.5 billion, equivalent to USD 1 billion, to the Investment Corporation of Dubai, the owner of Emirates Group.
Sheikh Ahmed bin Saeed Al Maktoum, Chairman and Chief Executive of Emirates Airline and Group, explained that the exceptional results achieved despite major challenges in the final month of the fiscal year reflect the strength and adaptability of Emirates Group's business model, adding that the model is built on safety, excellence, innovation, talented people and strong partnerships.
He noted that the group's overall performance indicators in the first eleven months of the fiscal year were very positive, supported by strong demand for the group's products and services, as well as continued healthy profit margins thanks to investments in product development, empowering people and strengthening technical capabilities.
He stressed that regional developments caused widespread disruption to global commercial aviation, especially in the Gulf region including the UAE, noting that Emirates and dnata responded quickly by harnessing their resources to support affected staff and customers, protect assets and ensure efficient business continuity.
During the fiscal year, Emirates Group invested AED 17.9 billion, equivalent to USD 4.9 billion, in new aircraft, facilities, equipment and the latest technologies, supporting its expansion plans and strengthening its future capabilities.
The group's total workforce grew by 8% to 130,919 employees, as Emirates and dnata continued their global recruitment programs, while the number of UAE nationals in the group exceeded 4,000 employees.
On the outlook for the 2026-2027 fiscal year, Sheikh Ahmed bin Saeed Al Maktoum stressed that Emirates Group enters the new fiscal year with strong financial solvency that allows it to implement its plans steadily, continuing to take delivery of new aircraft, accelerating its fleet retrofit program, investing in facilities and equipment and focusing on product quality, customer experience and strengthening its global competitive presence.
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