The financial results for Dubai Aerospace Enterprise’s (DAE) fiscal year ended December 31, 2025, are in, with the company witnessing its profit increase by USD 224.7 million, or 47.1%, from USD 477.5 million in 2024 to USD 702.2 million, primarily due to increased operating profit and insurance recoveries.
“Total revenue increased to USD 1,725.2 million in 2025 from USD 1,429.6 million in 2024, or 20.7%, due to higher lease revenues from newly acquired aircraft, including through business combinations, and increased maintenance revenue. Total assets also increased to USD 16,547.7 million in 2025 from USD 13,033.3 million in 2024, as a result of aircraft acquired during the year,” the venture stated.
The Dubai-based company also spent about USD 5 billion on acquisitions in 2025, including the USD 2 billion purchase of rival Nordic Aviation Capital (NAC).
“Around 2025 was another exceptional year for the DAE franchise. We announced and closed the acquisition of NAC. In total, we acquired 280 and sold 111 aircraft. Our fleet of Owned and Managed aircraft grew by 38% to 604 at year-end 2025. Full-year revenues grew 21% while pre-tax profitability increased 43%, delivering continued improvement in pre-tax profit margin and return on equity,” Firoz Tarapore, Chief Executive Officer (CEO) of DAE, said, while mentioning that despite the revenue growth, the balance sheet disciplines of capital adequacy, funding, and liquidity metrics were maintained.
“We intend to be very active on the sell side as well. Mainly for portfolio management purposes,” Firoz Tarapore said during the earnings call on February 4.
Stating that Dubai Aerospace Enterprise Engineering had “a very, very good year,” Firoz Tarapore said that the addition of a new hangar at its Amman, Jordan, added five new widebody and narrowbody capable lines, increasing capacity by approximately 30%. The company now has 22 fully operational lines of heavy maintenance.
“We already were the leading independent airframe heavy maintenance provider in the region, but our new size now takes us closer to the top of the league tables of global independent providers of heavy maintenance. We’re not done yet. I think for us there’s plenty of growth yet,” Firoz Tarapore noted.
The CEO further noted that Dubai Aerospace Enterprise Engineering had raised USD 3.9 billion in long-term debt financing through multiple public and private transactions during the financial year. Revenue grew 13% year-on-year to USD 211 million, while profitability grew 47% to USD 64 million.