Dubai Aerospace Enterprise (DAE) has reported full-year 2025 results.
Revenues totalled $1.7bn, up 21% from 2024.
Pre-tax profits were up 43% to $761.6 million. Operating cash flow was down to $1.3bn for the year, compared to $1.4bn a year prior.
During the year, the lessor acquired 280 aircraft, including 261 owned and 19 managed. Number of aircraft sold totalled 111 jets, including 94 owned and 17 managed.
Lease agreements, extensions, and amendments signed during the year totalled 273. This included 227 owned and 46 managed.
As of the end of the year, the company had an owned, managed, committed aircraft fleet totalling 678.
“Despite our impressive growth, our balance sheet disciplines around capital adequacy, funding, and liquidity metrics remained intact," said DAE CEO Firoz Tarapore. "During the year, we raised $3.9bn in long-term debt financing across multiple public and private transactions.”
As of the end of the year, the company's available liquidity was $3.4bn and net debt to equity to 2.58x. Assets totalled $16.55bn.