Post by : Badri Ariffin

Dubai Aerospace Enterprise (DAE) has unveiled robust financial results for the first quarter ending March 31, 2026, reflecting consistent growth in both revenue and profit.

The firm achieved total revenue of $455.5 million, up from $395.9 million during the same period in the previous year. Profit before tax surged to $120.4 million, rising from $101.2 million.

DAE's profit margin increased to 26.4%, with a steady return on equity at 13.0%. Operating cash flow registered at $296.3 million, slightly dipping from $344.7 million last year.

As of March 31, 2026, DAE's total assets reached $16.3 billion. Net loans and borrowings fell to $9.9 billion, while available liquidity rose sharply to $4.5 billion compared to $3.4 billion at the end of 2025.

The financial outlook appeared strong, with net debt-to-equity ratio at 2.50x and unsecured debt remaining at 88.5%. The liquidity coverage ratio skyrocketed to 1,089%, indicating substantial financial stability.

Business Developments

In this quarter:

• DAE acquired 9 aircraft and divested 15 aircraft

• Executed 64 lease agreements, extensions, and modifications

• Total fleet expanded to 663 aircraft

• DAE Engineering accomplished approximately 500,000 man hours with 69 maintenance checks

Furthermore, the company secured new long-term unsecured credit lines amounting to $2.8 billion.

A key highlight was the definitive agreement to acquire Macquarie AirFinance Limited for around $7 billion, projected to enhance DAE's fleet by adding approximately 350 aircraft.

Additionally, DAE received a credit rating upgrade to ‘A-’ from KBRA, reflecting the company’s strong performance and progressive growth.

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