The Emirates Group has posted its highest-ever half-year financial results, achieving a profit before tax of AED10.4 billion for the first six months of the 2024-25 financial year. This figure surpasses the Group’s record performance in the same period last year, solidifying its position as a leading player in the global aviation industry.
Following the UAE’s newly implemented nine percent corporate income tax, which came into effect in 2023, Emirates Group’s profit after tax amounted to AED9.3 billion. The Group also recorded an EBITDA of AED20.4 billion, showing a slight dip from AED20.6 billion in the same period last year. Total revenue reached AED70.8 billion, marking a five percent increase from AED67.3 billion last year.
Emirates Airline
Emirates airline also reported record-breaking results, with a profit before tax of AED9.7 billion in the first half of 2024-25, slightly up from AED9.5 billion in the same period last year. The airline’s after-tax profit stood at AED8.7 billion. Revenue, including operating income, grew by five percent to reach AED62.2 billion, driven by robust travel demand and steady air cargo operations across key markets.
The airline’s operating costs, including fuel, rose by six percent due to increased operational demands. Fuel remains the largest component of Emirates’ costs, making up 32 percent of its operating expenses. Emirates’ EBITDA of AED19.1 billion also reflected high operational strength, though it decreased by two percent compared to AED19.5 billion last year.
dnata
Emirates’ airport services division, dnata, experienced strong growth in the first half of 2024-25. Its revenue climbed 11 percent year-over-year to AED10.4 billion, with gains across its cargo, ground handling, catering, and travel services sectors.
Despite strong operational growth, dnata’s profit before tax fell by five percent to AED720 million, primarily due to a one-off impairment charge of AED152 million. Its EBITDA increased by 16 percent to AED1.3 billion. The travel division notably contributed AED1.8 billion to revenue, a 23 percent rise, with strong performance in its Imagine Cruising, Destination Asia, and Middle East Corporate Travel segments.
Emirates Group ended the first half of 2024-25 with a solid cash reserve of AED43.7 billion as of September 30, down slightly from AED47.1 billion on March 31. In line with its robust financial performance, the Group distributed a dividend of AED2 billion to its owner, declared at the close of the 2023-24 fiscal year.
These results underscore Emirates Group’s continued growth and resilience amid a strong recovery in global travel and cargo demand, positioning the Group for further success in the aviation sector.
