Dubai Aerospace Enterprise (DAE) has announced first-half 2025 revenue of US$843.6 million, a 24% increase from $679.2 million in the same period last year.

Profit before tax soared 228% to $506.8 million, up from $154.3 million in H1 2024. The company credited the sharp rise to stronger profitability metrics and its recent purchase of Nordic Aviation Capital (NAC).

Pre-tax margin improved to 25.7%, while return on equity reached 13.3%. Operating cash flow for the first half stood at $659 million. Total assets climbed to nearly $16 billion by the end of June 2025, compared with around $13 billion at the close of December 2024. The increase followed DAE’s $2 billion acquisition of NAC in May.

The deal expanded DAE’s fleet to roughly 750 aircraft, which includes owned, managed, and committed planes, representing almost 50% growth. In the first six months of the year, the firm acquired 236 aircraft and sold 35.

Firoz Tarapore, Chief Executive Officer of DAE, stated, “We completed the acquisition of Nordic Aviation Capital on May 07, 2025. This acquisition increased our owned, managed and committed fleet by nearly 50 per cent to approximately 750 aircraft. We have fully integrated the front office functions and are on track to fully integrate all middle- and back-office functions and systems by the end of this quarter.”