Dubai Aerospace Enterprise (DAE) on November 10 reported its nine-month revenue of $1.45 billion or Dh5.31 billion, up 13 per cent. The aircraft lessor also completed its $9 billion acquisition of Macquarie AirFinance (MAF) this quarter. The company also expects its fleet to reach about 1,300 aircraft once its mandates complete.
Revenue for the nine months to September 30 reached $1,446.9 million, against $1,277.7 million a year earlier. Profit before tax and exceptional items rose 9 per cent to $370.7 million , versus $340.8 million. Operating cash flow slipped to $1,088.1 million from $1,127.4 million. The adjusted pre-tax margin fell to 25.6 per cent from 26.7 per cent. Adjusted pre-tax return on equity dropped to 11.8 per cent from 13.6 per cent.
However, the balance sheet expanded considerably. Total assets climbed to $26.83 billion from $16.55 billion, that’s an increase of Dh60.8 billion as of December 31, 2025. Net loans and borrowings rose to $16.75 billion from $10.23 billion, and net debt to equity edged up to 2.60x from 2.58x. Available liquidity grew to $5.60 billion from $3.40 billion. The liquidity coverage ratio reached 440 per cent, up from 277 per cent.
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