Dubai Aerospace Reports Impressive Q1 Results with Record Revenue

Dubai Aerospace Enterprise (DAE) has announced impressive financial performance for the first quarter ending March 31, 2026, demonstrating consistent growth in both revenue and profits.

The company achieved total revenue of $455.5 million, up from $395.9 million during the same period last year. Furthermore, profit before tax rose to $120.4 million, compared to $101.2 million.

DAE’s profit margin saw an improvement, reaching 26.4%, while return on equity held steady at 13.0%. Operating cash flow was recorded at $296.3 million, a slight decrease from $344.7 million last year.

As of March 31, 2026, total assets amounted to $16.3 billion. Net loans and borrowings dwindled to $9.9 billion, with available liquidity significantly increasing to $4.5 billion, up from $3.4 billion at the end of 2025.

The company’s financial standing further strengthened, with a net debt-to-equity ratio of 2.50x and unsecured debt constituting 88.5%. Its liquidity coverage ratio surged dramatically to 1,089%, indicating robust financial health.

Business Milestones

Throughout this quarter:

• DAE acquired 9 aircraft and divested 15 aircraft

• Finalized 64 lease agreements, extensions, and amendments

• Total fleet grew to encompass 663 aircraft

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

Additionally, the firm secured new long-term unsecured credit facilities totaling $2.8 billion.

A notable advancement was the acquisition agreement for 100% of Macquarie AirFinance Limited, valued at around $7 billion, which is expected to enhance DAE’s fleet by adding approximately 350 aircraft.

DAE has also been awarded a credit rating upgrade to ‘A-’ from KBRA, reflecting its ongoing strong performance and growth trajectory.