Posted Date Wednesday, July 29, 2026 : 11:42 (+4GMT)
DAE Announces Financial Results for the Six Months Ended  June 30, 2026  Quarter Marked by Strong Revenue and Significant Franchise Enhancement

Dubai, U.A.E., 29 July 2026 - Dubai Aerospace Enterprise (DAE) Ltd ('DAE') today reported its financial results for the six months ended June 30, 2026. The consolidated financial statements can be found here.

Selected Financial Highlights:

 

Six months ended

US$ millions

Jun 30, 2026

Jun 30, 2025

Total Revenue

865.9

843.6

Profit before Tax and Exceptional Items

229.9

217.1

Operating Cash Flow

594.0

659.0

 

 

 

Pre-Tax Profit Margin

26.6%

25.7%

Pre-Tax Return on Equity

12.7%

13.3%

 

 

 

 

As at

US$ millions

Jun 30, 2026

Dec 31, 2025

Total Assets

16,005.1

16,547.7

Net Loans and Borrowings

9,797.9

10,227.6

Available Liquidity

4,375.5

3,400.2

 

 

 

Net-Debt-to-Equity

2.61x

2.58x

Unsecured Debt Percentage

89.4%

87.8%

Liquidity Coverage Ratio

1,202%

277%

 

 

 

 

 

 

 

Selected Business and Operating Highlights:

  • Number of aircraft acquired: 18 (owned: 17; managed: 1)
  • Number of aircraft sold: 39 (owned: 32; managed: 7)
  • Lease agreements, extensions, and amendments signed: 114 (owned: 104; managed: 10)
  • Owned, Managed, and Committed Aircraft in Fleet: 638
  • Number of man hours booked (DAE Engineering): ~720,000
  • Number of checks performed (DAE Engineering): 142
  • Announced agreement with Blackstone Credit & Insurance to launch 'Equator', a long-term co-investment platform targeting US$1.6 billion in aircraft investment annually
  • Announced agreement with Neuberger to launch 'Mustang', a long-term co-investment platform targeting US$6.0 billion in aircraft investment over the medium term

Commenting on the results, Firoz Tarapore, Chief Executive Officer of DAE, stated, 'the first half has been a momentous period for DAE. We announced the acquisition of Macquarie AirFinance Limited ('MAF') and the formation of two long-term co-investment programs with world-class financial institutions. These co-investment programs are sized to add approximately US$15 billion of new aircraft assets over the next five years to our total fleet. Our enhanced scale, expanded product offerings, robust underwriting discipline and financial strength will allow us to serve our clients more holistically than ever before. Today, after the close of the previously announced acquisition of MAF, we will serve over 175 airline customers in 75 countries with an owned, managed and committed fleet of approximately 1,000 aircraft.

For DAE Engineering, revenue continues to be impacted by lingering effects of the regional conflict and related airspace closures. However, the outlook for the upcoming winter season in the northern hemisphere remains positive, with a robust pipeline. Consolidated revenue increased, and margins expanded. Our returns stayed high and our liquidity coverage ratio reached a record 1,202% in anticipation of yesterday's closing of the MAF acquisition. Overall, the Group remains largely unimpacted by regional events, and this reflects the scale, breadth, and strength of the DAE franchise.'

Webcast and Conference Call

In connection with the announcement of DAE's results for the six months ended June 30, 2026, management will host a conference call on Wednesday, July 29, 2026 at 09:30 EDT / 14:30 BST / 17:30 GST / 21:30 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.

Posted by : DubaiNews.me Editorial Team
Viewed 418 times
PR Category : Travel News
Posted on :  11:42:00 AM(GMT+4)
Last updated on:

 
DAE Completes US$9.0 billion Acquisition of Macquarie AirFinance

Next News : DAE Completes US$9.0 billion Acquisition of Macquarie AirFinance

Next News