Wedoany.com Report-Nov. 10, The Emirates Group reported a record half-year financial performance for the first six months of 2025-26, posting a profit before tax of AED 12.2 billion (US$ 3.3 billion), marking the fourth consecutive year of record half-year profitability. After accounting for income tax, profit after tax reached AED 10.6 billion (US$ 2.9 billion), up 13% from the same period last year. Group revenue rose 4% to AED 75.4 billion (US$ 20.6 billion), while EBITDA strengthened 3% to AED 21.1 billion (US$ 5.7 billion).

The Group closed the period with a record cash balance of AED 56.0 billion (US$ 15.2 billion) on 30 September 2025, up from AED 53.4 billion (US$ 14.6 billion) at the end of March 2025. Strong cash reserves supported business operations, including new aircraft deliveries, debt servicing, and payment of the remaining AED 2 billion (US$ 545 million) dividend declared for the 2024-25 financial year.

Ahmed bin Saeed Al Maktoum, Chairman and Chief Executive, Emirates Airline and Group, said: “The Group has once again delivered an outstanding performance, surpassing our half-year results of last year to achieve a new record profit for H1 2025-26. This performance was primarily driven by the unflagging demand and growing customer preference for our product and services. Emirates and dnata have invested billions to continually enhance our products and services, improve operations through innovation and technology, and support our employees, who ensure our customers’ safety and satisfaction.”

The Group’s workforce grew 3% to 124,927 employees by 30 September 2025, reflecting increased operations and ongoing recruitment at both Emirates and dnata. Emirates expanded its network from Dubai, launching new services to Danang, Siem Reap, Shenzhen, and Hangzhou, while deploying 28 additional weekly flights to Antananarivo, Johannesburg, Muscat, Rome, Riyadh, and Taipei. Emirates entered agreements with three codeshare and interline partners: Air Seychelles, Condor, and Aurigny.

Aircraft deliveries included five new A350s, adding more Business Class and Premium Economy seats, while 23 aircraft underwent cabin retrofits under a US$ 5 billion programme. By 30 September, Emirates Premium Economy was available on routes between Dubai and 61 cities. Overall capacity increased by 5% to 31.3 billion Available Tonne Kilometres (ATKM), with passenger traffic up 4% to 27.8 million and cargo traffic up 4% to 1.25 million tonnes. Cargo yields decreased 6% amid softening demand in some markets. Emirates SkyCargo also launched Emirates Courier Express, offering door-to-door express shipping.

Emirates’ half-year profit before tax was AED 11.4 billion (US$ 3.1 billion), with revenue rising 6% to AED 65.6 billion (US$ 17.9 billion), driven by strong demand for premium cabins. Operating costs, including fuel, rose 4%, with fuel representing 30% of total costs.

Dnata also achieved record performance, with revenue of AED 11.7 billion (US$ 3.2 billion), up 13%, and profit before tax of AED 843 million (US$ 230 million), up 17%. Its airport operations contributed AED 5.5 billion (US$ 1.5 billion) in revenue, while catering and retail generated AED 4.1 billion (US$ 1.1 billion). Dnata handled 450,903 aircraft turns, 1.59 million tonnes of cargo, and delivered 60.0 million meals. The travel division contributed AED 2.0 billion (US$ 538 million) in revenue, with total transactional value up 9% to AED 5.0 billion (US$ 1.4 billion).

These results highlight Emirates Group’s robust operational performance, continued investment in fleet and services, and expansion of both passenger and cargo networks, reinforcing its position as a leading global airline and aviation services provider.