EasyLease Q1 revenue jumps 71% to $45.3 million
EasyLease, which provides integrated mobility and logistics solutions in the UAE, reported a 71 per cent increase in revenue for the first quarter of 2025. Sales increased to AED166.3 million (US$45.28 million), compared to AED97.4 million (US$26.5 million) in the same quarter last year.
The subsidiary of International Holding Company (IHC) reported a flat, but solid operational performance – operational profit steady at AED16.5 million (US$4.49 million), compared to AED16.4 million (US$4.47 million) in Q1 2024 – which was mainly due to the decision to front-load strategic investments in subsidiary development.
EasyLease revenue jumps
With more than 30,000 vehicles forming one of the largest fleets in the UAE, the growth underscores EasyLease's continued momentum in expanding its service offerings and deepening its market reach across the region.
Net profit after tax amounted to AED10.4 million (US$2.83 million), compared to AED13 million (US$3.54 million) in Q1 2024, which the company attributed to 'proactive investments in strategic growth areas'. These targeted expenditures, aligned with the company's 2025 vision, are laying the foundation for long-term value creation.
These proactive expenditures are designed to unlock new revenue streams, strengthen long-term competitiveness, and accelerate the scalability of EasyLease's integrated mobility ecosystem. The company continues to build on its success by accelerating the development of its newly launched subsidiaries, including EasyLease Vehicle Rentals and 'SHEEL' Roadside Assistance, which are central to the company's strategy to evolve into a fully integrated mobility ecosystem.
Ahmad Al Sadah, EasyLease CEO, commented: 'Q1 2025 reflects our strategic shift towards long-term, scalable growth through the expansion of our subsidiaries. Our revenue growth and operational stability reaffirm our capacity to deliver value while investing in tomorrow's mobility solutions.
'We are shaping a resilient and future-ready business, backed by solid revenue performance and forward-looking investments. Our subsidiaries are key growth engines, and we remain committed to unlocking their full potential.'
In 2025, EasyLease is focused on geographic expansion, customer-centric innovation, and operational excellence.
Al Sadah added that EasyLease remains firmly focused on executing its long-term growth strategy, leveraging operational agility, innovation, and strategic partnerships to lead the evolution of mobility and logistics in the region.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Khaleej Times
5 hours ago
- Khaleej Times
Iran says no sanctions relief in US nuclear proposal
Iran's parliament speaker said on Sunday that the latest US proposal for a nuclear deal does not include the lifting of sanctions, state media reported as negotiations appear to have hit a roadblock. The two foes have held five rounds of Omani-mediated talks since April, seeking to replace a landmark agreement between Tehran and world powers that set restrictions on Iran's nuclear activities in return for sanctions relief, before US President Donald Trump abandoned the accord during his first term in 2018. In a video aired on Iranian state TV, parliament speaker Mohammad Bagher Ghalibaf said that "the US plan does not even mention the lifting of sanctions". He called it a sign of dishonesty, accusing the Americans of seeking to impose a "unilateral" agreement that Tehran would not accept. "The delusional US president should know better and change his approach if he is really looking for a deal," Ghalibaf said. On May 31, after the fifth round of talks, Iran said it had received "elements" of a US proposal, with officials later taking issue with "ambiguities" in the draft text. The US and its Western allies have long accused the Islamic republic of seeking to acquire nuclear weapons, a charge Iran has consistently denied, insisting that its atomic programme was solely for peaceful purposes. Key issues in the negotiations have been the removal of biting economic sanctions and uranium enrichment. Tehran says it has the right to enrich uranium under the nuclear Non-Proliferation Treaty, while the Trump administration has called any Iranian enrichment a "red line". Trump, who has revived his "maximum pressure" campaign of sanction on Iran since taking office in January, has repeatedly said it will not be allowed any uranium enrichment under a potential deal. On Tuesday, Iran's top negotiator, Foreign Minister Abbas Araghchi, said the country "will not ask anyone for permission to continue enriching uranium". According to the UN nuclear watchdog, the International Atomic Energy Agency (IAEA), Iran is the only non-nuclear-weapon state in the world that enriches uranium up to 60 percent -- still short of the 90 percent threshold needed for a nuclear warhead. Iran's supreme leader Ayatollah Ali Khamenei on Wednesday rejected the latest US proposal and said enrichment was "key" to Iran's nuclear programme. The IAEA Board of Governors is scheduled to meet in Vienna later this month and discuss Iran's nuclear activities.
Arabian Post
13 hours ago
- Arabian Post
Lifestyle Mobility Redefines UAE Auto Ambitions
Arabian Post Staff -Dubai UAE's car market is undergoing a fundamental shift as lifestyle-driven mobility rises to prominence, reshaping consumer choices from metal to experience. A surge in preference for digitally enabled, subscription-based, and autonomous transportation is aligning with the emirates' drive for sustainable, high-tech urban living. Automakers and transport authorities are adapting, marking a new era for mobility in the region. At the forefront is the uptake of connected and autonomous vehicles. A 2024 Astute Analytica report found that the UAE invested US $500 million in autonomous and connected vehicle infrastructure, and government surveys show that nearly 60 per cent of residents are open to self-driving cars once available . Dubai aims for 25 per cent of its transport network to operate autonomously by 2030, while Abu Dhabi is piloting robotaxis under a combined Dubai Roads and Transport Authority and DP World initiative . Chinese mobility pioneer WeRide has commenced fully driverless robotaxi trials in Abu Dhabi and holds significant UAE licences, further cementing the country's status as a regional testbed . ADVERTISEMENT Parallel to autonomy, digital car buying and subscription services are gaining ground. A global study by Arthur D. Little reports that UAE has the highest percentage worldwide of buyers willing to complete vehicle purchases entirely online, with 53 per cent preferring full digital transactions . It also notes more than half of car buyers intend to purchase hybrid or electric models for their next car . Major brands such as Jaguar‑Land Rover, Audi and Volvo have launched subscription models allowing flexible short‑term access to vehicles, reflecting a deeper shift from ownership to access . Luxury meets lifestyle in a market defined by adventure and affluence. The UAE's love for off‑road capable SUVs—icons like Land Rover, Toyota Land Cruiser and Mercedes G‑Class—remains strong, supported by driving culture and desert heritage . At the same time, social media has amplified the aspirational value of high‑performance and bespoke vehicles, prompting services offering vehicle customisation and luxury rentals to expand . Despite their prestige, sustainable mobility options are advancing steadily. Government plans aim for EVs to account for 10 per cent of all vehicles by 2030; Dubai Electricity and Water Authority intends to install 1,000 public charging points by 2025 . Financial incentives including free parking and toll exemptions support uptake. While less than 15 per cent of buyers currently prefer full battery‑electric vehicles , more than 50 per cent plan to choose hybrid or electric options next . Shared mobility and micro‑mobility solutions are gaining traction among urban dwellers. The UAE's ride‑hailing market grew to US $1.3 billion in 2023, and car‑sharing usage surged by 30 per cent to over 200,000 subscribers . Platforms like Careem, ekar and others expand convenient access while supporting sustainability goals . Pre‑owned and rental markets also reflect shifting lifestyle demands. The luxury car rental segment caters to business travellers and experience‑seeking residents, accounting for over half of regional luxury rentals . Certified pre‑owned programmes and digital platforms make premium vehicles accessible and promote circular economy models . ADVERTISEMENT Industry participants are racing to adapt. Six major dealers—including Al Futtaim Motors and Al Habtoor—control more than 62 per cent of the auto market by offering hybrid and electric models, digital sales funnels, and after‑sales personalisation services . Additionally, more than 80 per cent of UAE and KSA consumers now value in‑car digital services and are willing to share data for personalised experiences . Strategic foreign investment continues to flow. In 2024, DP World handled a record 1.3 million vehicles, up 53 per cent year‑on‑year. China led automotive investments region‑wide, with 27 projects worth US $8 billion, generating 20,000 jobs . The UAE attracted 145 automotive projects valued at US $22 billion, solidifying its regional industry leadership . Air mobility is emerging as a bold frontier. Authorities, including the General Civil Aviation Authority and Technology Innovation Institute, are mapping aerial corridors for air taxis and drones with a view to commercial roll‑out by 2026. Vertiports are under construction as Dubai aims to launch urban air taxi operations in early 2026 . Collaborations with global developers such as Volocopter and Joby Aviation underscore UAE's intent to lead advanced mobility innovation. Demographic and behavioural trends are shifting expectations. UAE's younger, tech‑savvy population demands multimodal transport, sustainable choices, and flexible ownership. European research shows Gen Z and millennials prefer compact, shared, and electric vehicles, and lease options tied to services—mirroring emerging patterns in the Emirates . The convergence of digital retail, in‑car connectivity, autonomous capabilities and lifestyle choices is now the defining feature of the market. That convergence gives rise to dynamic policy alignment and infrastructure development. Dubai's Autonomous Transportation Strategy ambitions to ease congestion and strengthen economic diversification, while public‑private partnerships are building the ecosystem for AI‑enabled transport . The transformation is clear: the UAE auto sector is evolving from a conventional showroom‑focused industry to an experiential mobility ecosystem. Consumers expect seamless digital transactions, autonomous options, flexible subscriptions, and elevated experiences. Governments and businesses are aligning investment and strategy to meet these expectations, fusing luxury with sustainability, and individual desire with urban resilience. As the 2030 horizon approaches, next‑generation mobility is no longer an aspiration but a reality rolling on UAE roads, in the air, and on digital platforms—heralding a new age for the Gulf's automotive narrative.
Al Etihad
a day ago
- Al Etihad
China vice premier to meet US delegation for trade talks: Beijing
7 June 2025 23:12 Beijing (AFP)Chinese Vice Premier He Lifeng will meet a US delegation for talks next week in Britain, Beijing announced on Saturday amid a fragile truce in the trade dispute between the two will visit the United Kingdom from June 8 to 13 at the invitation of the British government, China's foreign ministry said in a said He and American representatives will co-chair the first meeting of the China-US economic and trade consultation President Donald Trump had already announced on Friday that a new round of trade talks with China would kick off in London beginning Monday, after he spoke by phone with Chinese counterpart Xi Jinping in a bid to end a bitter battle over posted on his Truth Social platform that Treasury Secretary Scott Bessent, Commerce Secretary Howard Lutnick and US Trade Representative Jamieson Greer would meet the Chinese discussions will mark the second round of such negotiations between the world's two biggest economies since Trump launched his trade war shortly after returning to the White House in January.A first meeting, held in mid-May in Geneva, brought a pause to the US-China trade Thursday the Republican president finally discussed the issues with Xi for the first time since the trade tensions soared, assuring that the conversation had been positive. Xi for his part told Trump the two should "correct the course" of bilateral relations, according to remarks quoted by official Chinese media.
