Latest news with #AhmadAlSadah
Arabian Business
25-04-2025
- Automotive
- Arabian Business
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.
Arabian Business
31-01-2025
- Automotive
- Arabian Business
EasyLease announces 53% revenue leap to $124m
EasyLease has announced its audited financial results for FY 2024. The company reported a total revenue of AED456m ($124.2m), a remarkable 53 per cent year-over-year (YoY) growth, cementing its leadership in the region's fast-evolving mobility sector. These outstanding results highlight Easy Lease's ability to sustain robust financial performance while pursuing its long-term strategic goals. Operational profit surged 71 per cent to AED54m ($14.7m), reflecting enhanced efficiency and adaptability. EBITDA also rose to AED116m ($31.6m), showcasing a commitment to delivering sustainable value for stakeholders. EasyLease results Net profit for FY 2024 increased by 18 per cent, underlining the company's resilience and strategic focus on growth. While actively incubating new ventures, Easy Lease remains committed to optimising operational efficiency and profitability. These new investments to create long-term value have laid a solid foundation for sustained growth. Excluding the impact of these strategic initiatives, net profit climbed to AED53m ($14.4m), compared to AED40m ($10.9m) in FY 2023. The remarkable growth trajectory of EasyLease in FY 2024 has been driven by a focused strategy to scale through strategic acquisitions and organic business development. These acquisitions, combined with the launch of new ventures in vehicle rentals, and roadside assistance, have significantly expanded Easy Lease's service portfolio and asset base, which now stands at AED788m ($214.6m). Ahmad Al Sadah, CEO of EasyLease, said: '2024 has been a transformative year for Easy Lease. These results highlight not only our strong operational foundation but also our vision to redefine mobility and logistics across the region. 'By leveraging our core strengths and pursuing strategic diversification, we are positioning Easy Lease for sustainable growth and long-term market leadership.' 'Through investments in technology, assets, and talent, we are building a resilient business capable of meeting today's demands while shaping the future of mobility and logistics. 'Our commitment remains focused on delivering long-term value for our shareholders.''
Zawya
30-01-2025
- Automotive
- Zawya
EasyLease revenue surges to $124.1mln in 2024
EasyLease (ADX: EASY LEASE) has announced its audited financial results for FY 2024. The company reported a total revenue of AED456 million, a remarkable 53% year-over-year (YoY) growth, cementing its leadership in the region's fast-evolving mobility sector. These outstanding results highlight Easy Lease's ability to sustain robust financial performance while pursuing its long-term strategic goals. Operational profit surged 71% to AED54 million, reflecting enhanced efficiency and adaptability. EBITDA also rose to AED116 million, showcasing a commitment to delivering sustainable value for stakeholders. Net profit for FY 2024 increased by 18%, underlining the company's resilience and strategic focus on growth. While actively incubating new ventures, Easy Lease remains committed to optimising operational efficiency and profitability. These new investments to create long-term value have laid a solid foundation for sustained growth. Excluding the impact of these strategic initiatives, net profit climbed to AED53 million, compared to AED40 million in FY 2023. The remarkable growth trajectory of Easy Lease in FY 2024 has been driven by a focused strategy to scale through strategic acquisitions and organic business development. The company acquired United Trans, a leading provider of railway and mobility solutions, and Gallega Global Logistics, an expert in supply chain and warehousing services. These acquisitions, combined with the launch of new ventures in vehicle rentals, and roadside assistance, have significantly expanded Easy Lease's service portfolio and asset base, which now stands at AED788 million. Ahmad Al Sadah, CEO of Easy Lease, remarked, '2024 has been a transformative year for Easy Lease. These results highlight not only our strong operational foundation but also our vision to redefine mobility and logistics across the region. By leveraging our core strengths and pursuing strategic diversification, we are positioning Easy Lease for sustainable growth and long-term market leadership.' He further emphasised, 'Through investments in technology, assets, and talent, we are building a resilient business capable of meeting today's demands while shaping the future of mobility and logistics. Our commitment remains focused on delivering long-term value for our shareholders.''
Zawya
30-01-2025
- Automotive
- Zawya
Easy Lease reports exceptional FY 2024 results
Operational Profit soars 71% to AED 54 million, driven by strategic acquisitions and diversification. Expanded Service Offerings through the acquisition of Gallega Global Logistics and United Trans, bringing expertise in Railways, supply chain, warehousing, and integrated mobility solutions. Fleet Size Exceeds 30,000 Vehicles, reinforcing Easy Lease's position as a leading mobility provider in the GCC. Easy Lease Accelerates Growth in 2025 with Strategic Expansions and Market Leadership Abu Dhabi, UAE: EasyLease (ADX: EASY LEASE), a leading provider of integrated mobility and logistics solutions and a subsidiary of International Holding Company (IHC), has announced its audited financial results for FY 2024. The company reported total revenue of AED 456 million, a remarkable 53% year-over-year (YoY) growth, cementing its leadership in the region's fast-evolving mobility sector. These outstanding results highlight Easy Lease's ability to sustain robust financial performance while pursuing its long-term strategic goals. Operational profit surged 71% to AED 54 million, reflecting enhanced efficiency and adaptability. EBITDA also rose to AED 116 million, showcasing a commitment to delivering sustainable value for stakeholders. Net profit for FY 2024 increased by 18%, underlining the company's resilience and strategic focus on growth. While actively incubating new ventures, Easy Lease remains committed to optimizing operational efficiency and profitability. These new investments, aimed at creating long-term value, have laid a solid foundation for sustained growth. Excluding the impact of these strategic initiatives, net profit climbed to AED 53 million, compared to AED 40 million in FY 2023. Strategic Investments Driving Growth The remarkable growth trajectory of Easy Lease in FY 2024 has been driven by a focused strategy to scale through strategic acquisitions and organic business development. The company acquired United Trans, a leading provider of railway and mobility solutions, and Gallega Global Logistics, an expert in supply chain and warehousing services. These acquisitions, combined with the launch of new ventures in vehicle rentals, and roadside assistance, have significantly expanded Easy Lease's service portfolio and asset base, which now stands at AED 788 million. Ahmad Al Sadah, CEO of Easy Lease, remarked, '2024 has been a transformative year for Easy Lease. These results highlight not only our strong operational foundation but also our vision to redefine mobility and logistics across the region. By leveraging our core strengths and pursuing strategic diversification, we are positioning Easy Lease for sustainable growth and long-term market leadership.' He further emphasized, 'Through investments in technology, assets, and talent, we are building a resilient business capable of meeting today's demands while shaping the future of mobility and logistics. Our commitment remains focused on delivering long-term value for our shareholders.'' In FY 2024, Easy Lease took significant steps to broaden its scope beyond traditional mobility services, evolving into a comprehensive mobility and logistics ecosystem. Matar Suhail Ali Al Yabhouni, Chairman of EasyLease highlighted this transformation, stating: 'Easy Lease has evolved from being a mobility solutions provider to becoming an integrated leader in mobility and logistics. This transformation is driven by our vision to build a seamless ecosystem that connects technology, customer-centric solutions, and operational excellence. The acquisition of Gallega Global Logistics and United Trans has further strengthened our capabilities, reinforcing our position as a leader in the industry. This strategic move aligns with our vision for growth, unlocking new opportunities and creating long-term value. Outlook for 2025 Building on the strong momentum of its transformative FY 2024 performance, Easy Lease is well-positioned for continued growth in 2025. The company will focus on expanding its new ventures, including Easy Lease Vehicle Rentals, 'SHEEL' Roadside Assistance, and other subsidiaries, with the goal of establishing market leadership in their respective segments. In addition, Easy Lease plans to further broaden its geographical footprint and pursue strategic acquisitions to strengthen its market position and accelerate leadership in the mobility and logistics sectors.
