Quarterly Revenue rose by 15% to a record US$455.5 million, Profit before Tax increased by 19%

Dubai, U.A.E., 29 April 2026 - Dubai Aerospace Enterprise (DAE) Ltd ('DAE') today reported its financial results for the three months ended March 31, 2026. The consolidated financial statements can be found here.

Selected Financial Highlights:

Selected Business and Operating Highlights:

• Number of aircraft acquired: 9 (owned: 9; managed: 0)
• Number of aircraft sold: 15 (owned: 12; managed: 3)
• Lease agreements, extensions, and amendments signed: 64 (owned: 60; managed: 4)
• Owned, Managed, and Committed Aircraft in Fleet: 663
• Number of man hours booked (DAE Engineering): ~500,000
• Number of checks performed (DAE Engineering): 69
• Signed new, long-term, unsecured revolving credit facilities worth US$2.8 billion
• Signed a definitive agreement to acquire 100% of Macquarie AirFinance Limited; enterprise value of ~US$7 billion
• KBRA upgraded DAE's senior unsecured debt rating to 'A-'

Commenting on the results, Firoz Tarapore, Chief Executive Officer of DAE, stated, 'The first quarter of 2026 was an exceptional one for the DAE franchise. During the quarter, we signed a definitive agreement to acquire 100% of Macquarie AirFinance Limited for an enterprise value of approximately US$7 billion. When completed, the transaction will add approximately 350 owned and committed aircraft to our fleet.

Our stellar financial performance over the last five years combined with our enhanced franchise scale led to an upgrade of our senior unsecured debt ratings to 'A-' by KBRA, a global full-service rating agency.

Despite uncertainties created by the regional conflict, our strong financial performance in the first quarter reflected the strength of our franchise. Revenue rose to a record level, and margins expanded. Revenue at DAE Engineering declined, reflecting lower levels of business activity during March due to the regional conflict and related airspace closures.'

Webcast and Conference Call

In connection with the announcement of DAE's results for the three months ended March 31, 2026, management will host a conference call on Wednesday, 29 April 2026 at 09:00 EDT / 14:00 BST / 17:00 GST / 21:00 SGT.

The call can be accessed by clicking here to attend the presentation from your laptop, tablet or mobile device, or by clicking here to generate your unique dial-in PIN and to access the full list of toll-free dial-in numbers.

Full details of the call can also be accessed live via the link on DAE's website:

www.dubaiaerospace.com/investors.

Forward Looking Statements

Certain information contained in this Press Release may constitute 'forward-looking statements' which can be identified by the use of forward-looking terminology such as 'may', 'will', 'should', 'could', 'continue', 'expect', 'anticipate', 'predict', 'project', 'plan', 'estimate', 'budget', 'assume', 'potential', 'future', 'intend' or 'believe' or the negatives thereof or other comparable terminology. These statements reflect DAE's current expectations and assumptions and involve known and unknown risks regarding future events, results or outcomes and are not guarantees of future results or financial condition. Actual results, performance, achievements, or conditions may differ materially from those in the forward‐looking statements and assumptions as a result of a number of factors, many of which are beyond DAE's control.

Non-IFRS Financial Information

This Press Release may include certain non-IFRS financial information, such as Adjusted EBITDA, not prepared in accordance with IFRS. Because of the limitations of Adjusted EBITDA, it should not be considered as a substitute for financial information prepared or determined in accordance with IFRS, as applicable. Where applicable, DAE compensates for these limitations by relying primarily on its IFRS results and using Adjusted EBITDA only for supplemental purposes.