Emirates Group revenue climbed 6 pc to USD 39.6 billion
Emirates Group has released its 2024-25 annual report, reporting its highest-ever profit before tax of USD 6.2 billion for the financial year ending March 31, an 18 pc increase over the previous year.
According to a press statement, Emirates Group revenue climbed 6 pc to USD 39.6 billion, while cash assets rose 13 pc to USD 14.6 billion, whereas, Earnings Before Interest, Taxation, Depreciation and Amortisation (EBITDA) reached a record USD 11.5 billion.
It says that Emirates airline contributed a record profit before tax of USD 5.8 billion, up 20 pc year-on-year and record revenue of USD 34.9 billion. Its cash assets rose 16 pc to USD 13.5 billion.
The report adds that dnata, the Group’s ground-handling and services arm, also delivered its best-ever results, with profit before tax of USD 430 million and revenue of USD 5.8 billion.
Also Read: Emirates expands retrofitted Boeing 777 services to eight more cities
The report says that for the first time, the Group’s results reflect the UAE’s new 9 pc corporate tax, resulting in a net profit after tax of USD 5.6 billion. A dividend of USD 1.6 billion will be paid to the Group’s owner, the Investment Corporation of Dubai.
Sheikh Ahmed bin Saeed Al Maktoum
“It is no accident that Dubai has produced hugely successful global aviation entities including Emirates and dnata. Dubai’s aviation sector has become an influential force on the global stage thanks to visionary leaders, strategic planning, co-ordinated execution, and strong support from our customers, business partners, and all the people of Dubai. We look after our people and our customers and we work hard to positively impact our communities. We do not cut corners and we do not take shortcuts that put our future at risk for short term gains. By building our business models around these principles and Dubai’s unique strengths, the Emirates Group has thrived and stayed resilient through geo-political and socio-economic challenges over the years,” says Sheikh Ahmed bin Saeed Al Maktoum, Chairman and Chief Executive, Emirates airline and Group.
Also Read: Emirates Group registers record USD 5.1 billion profit in 2023-24
The report adds that the Emirates Group invested USD 3.8 billion in new aircraft, facilities and technology and expanded its workforce by 9 pc to a record 121,223 employees, supporting its global growth and future ambitions.
“For 2024-25, the Emirates Group has raised the bar to set new records for profit, revenue and cash assets. Through the year, Emirates and dnata were able to move quickly to meet the strong demand for air transport services across markets and win over customers, thanks to our non-stop investments in our people, in building partnerships and in delivering great products and services,” Al Maktoum adds.
“We enter the year ahead with excitement and optimism. Emirates will strengthen our network connectivity with the expected delivery of 16 A350s and four Boeing 777 freighters in 2025-26, providing much-needed capacity to meet customer demand. Our retrofit programme will continue apace to provide our customers the latest Emirates products and a more consistent experience across our A380, 777 and A350 fleet. dnata is on a steady growth path with facility investments coming to fruition in key markets, including the opening of new facilities in Amsterdam, Dubai and Erbil next year which will significantly expand our cargo handling capacity and capabilities. Work is already underway at the new Al Maktoum International airport (DWC) and broader development around Dubai South,” he says.
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