Sheikh Mohammed congratulates Emirates Group after it achieves record Dhs22.7b profit

Gulf Today

09-05-2025

Emirates Group has achieved record levels in net profit, revenue, earnings before interest, taxes, depreciation, and amortisation (EBITDA), and cash balances for the financial year 2024-2025.
At the end of the financial year on 31st March 2025, Emirates Group recorded a record profit before tax of Dhs22.7 billion ($6.2 billion), an 18 per cent increase compared to the previous financial year, and record revenue of Dhs145.4 billion ($39.6 billion), an increase of 6 per cent compared to the previous financial year.
The Group reported a record cash balance of Dhs53.4 billion ($14.6 billion), up 13 per cent from the previous year, and achieved the highest-ever EBITDA of Dhs42.2 billion ($11.5 billion), a 6 percent increase over the previous financial year, reflecting strong operating performance. The Group announced a dividend of Dhs6.0 billion ($1.6 billion) to its owners, the Investment Corporation of Dubai.
His Highness Sheikh Mohammed Bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai, took to his X platform to congratulate the group.
"We congratulate the 121,000 members of the Emirates Group team, led by Sheikh Ahmed bin Saeed and Sir Tim Clark. The Emirates Group soars as always, becoming the world's most profitable airline group with annual profits exceeding Dhs22 billion and revenues of Dhs 145 billion," Sheikh Mohammed wrote on X.
"Emirates is not just a transport company; it is a tool for economic transformation for the UAE, a strategic bridge connecting the world's continents, and a developmental carrier flying us through the skies toward the future," Sheikh Mohammed said further.
This exceptional performance reflects Emirates Group's status as the most profitable aviation group globally during the reporting period of 2024-2025, achieving the best financial results in its history, making it the world's most profitable airline.
Both Emirates Airline and dnata reported record revenues in 2024-2025, as the Group continued expanding its operations worldwide to meet strong and growing customer demand for its high-quality products and services.
This financial year marks the first application of corporate income tax in the UAE, which was introduced in 2023 and applied to Emirates Group.
After accounting for the 9 per cent tax rate, the Group's net profit after tax reached Dhs20.5 billion ($5.6 billion).
Emirates Airline solidified its position as the world's most profitable airline, recording a record profit before tax of Dhs21.2 billion ($5.8 billion), a 20 per cent increase compared to the previous financial year.
The airline also achieved record revenue of Dhs127.9 billion ($34.9 billion), an increase of 6 per cent over the previous financial year.
Its cash balance reached a record Dhs49.7 billion ($13.5 billion), a 16 per cent increase compared to the previous financial year.
dnata also reported record profit before tax of Dhs1.6 billion ($430 million), an increase of 2 per cent compared to the last financial year.
dnata's revenue reached a record Dhs21.1 billion ($5.8 billion), an increase of 10 percent from the previous year.
Sheikh Ahmed Bin Saeed Al Maktoum, Chairman and Chief Executive of Emirates Airline and Group, said, "Emirates Group is proud to continue playing its vital role in supporting Dubai's vision and enhancing its status as a global hub for trade and travel, guided by the ambitious vision of Sheikh Mohammed, with ongoing support from Sheikh Hamdan Bin Mohammed Bin Rashid Al Maktoum, Crown Prince of Dubai, and Sheikh Maktoum Bin Mohammed Bin Rashid Al Maktoum, First Deputy Ruler of Dubai, Deputy Prime Minister, and Minister of Finance."
Sheikh Ahmed added that the emergence of successful global aviation entities from Dubai, such as Emirates Airline and dnata, was not a coincidence, but rather the result of a forward-looking vision, systematic planning, and integrated institutional support, making Dubai's aviation sector a global force thanks to the wise leadership's vision and the coordinated efforts of Dubai's institutions and their partners at local and international levels.
He explained that when the Government of Dubai established Emirates Airline 40 years ago and began developing dnata's capabilities to support the city's growth plans, the mission was clear: to be the best at what they do, delivering real value to Dubai, its shareholders, and the communities they serve.
He said, "With this in mind, we have remained committed to a business model based on operational excellence, continuous investment in technology and human capital, and providing products and services that deliver real value to customers and markets we serve. These principles, along with Dubai's supportive environment, have provided a strong foundation for Emirates Group, enabling it to maintain its competitiveness and resilience in the face of various geopolitical and economic challenges over the past decades.
"We do not pursue short-term gains at the expense of business sustainability but continue building with a calculated approach to ensure long-term impact, reflecting our responsibility towards our employees, partners, and the communities we operate in.'
He added that the strong performance achieved by the Group this year reflects a clear commitment to a defined path, driven by the efficiency of its teams, which formed the basis for another exceptional year of record results, the trust of its customers and partners, and its continuous investment in a sustainable and innovative business model. The Group will continue to build on these achievements to support Dubai's and the UAE's strategic goals.
Sheikh Ahmed stressed that the Emirates Group achieved new record results in the financial year 2024-2025 in terms of profit, revenue, and cash balances, reflecting the efficiency and resilience of its operating model in responding to market changes. Emirates Airline and dnata successfully met the growing demand for air transport services across various markets, supported by continuous investments in human capital, enhanced partnerships, and the development of products and services that meet customer expectations, consolidating their leadership in the industry.
WAM