Emirates Group achieves record profit of US $ 6.2bn in 2024-25

The Emirates Group yesterday released its 2024-25 annual report, achieving new record profit, EBITDA, revenue and cash balance levels. 

This outstanding performance places the Emirates Group as the most profitable aviation group globally in the 2024-25 reporting period, with Emirates reporting the best result in its history to become the world’s most profitable airline.

Both Emirates and dnata contributed record revenues in 2024-25, as the group expanded its operations around the world to meet voracious customer demand for its high-quality products and services.

For the financial year ended March 31, 2025, the Emirates Group reported:

-record profit before tax of AED 22.7 billion (US $ 6.2 billion), up 18 percent from last year

-record revenue of AED 145.4 billion (US $ 39.6 billion), up 6 percent over last year’s results

-record level of cash assets at AED 53.4 billion (US $ 14.6 billion), up 13 percent from last year

-highest-ever EBITDA of AED 42.2 billion (US $ 11.5 billion), up 6 percent, demonstrating its strong operating profitability

Emirates earns its place as the world’s most profitable airline, reporting:

-record profit before tax of AED 21.2 billion (US $ 5.8 billion), up 20 percent from last year

-record revenue of AED 127.9 billion (US $ 34.9 billion), an increase of 6 percent over last year

-highest-ever level of cash assets at AED 49.7 billion (US $ 13.5 billion), 16 percent higher compared to March 31, 2024.  

dnata delivered solid growth and performance across its business units, reporting:

-record profit before tax of AED 1.6 billion (US $ 430 million), up 2 percent from last year

-record revenue of AED 21.1 billion (US $ 5.8 billion), up 10 percent

-strong cash assets of AED 3.7 billion (US $ 1.0 billion).

The group declares a dividend of AED 6.0 billion (US $ 1.6 billion) to its owner, the Investment Corporation of Dubai. 

This is the first financial year that the UAE corporate tax, enacted in 2023, is applied to the Emirates Group. After accounting for the 9 percent tax charge, the group’s profit after tax is AED 20.5 billion (US $ 5.6 billion).

Emirates airline and Group Chairman and Chief Executive Sheikh Ahmed bin Saeed Al Maktoum said, “It is no accident that Dubai has produced hugely successful global aviation entities including Emirates and dnata. Dubai’s aviation sector has become an influential force on the global stage thanks to visionary leaders, strategic planning, coordinated execution and strong support from our customers, business partners and all the people of Dubai. 

When the government set up Emirates 40 years ago and we began expanding dnata’s capabilities to support the city’s growth, we had a clear mission - be the best at what we do and deliver value to Dubai, our stakeholders and the communities we serve.

With that in mind, we’ve kept a laser focus on providing great products and services and we continually invest in technology and talent to increase our competitive edge. We look after our people and our customers and we work hard to positively impact our communities. We don’t cut corners and we don’t take shortcuts that put our future at risk for short term gains. By building our business models around these principles and Dubai’s unique strengths, the Emirates Group has thrived and stayed resilient through geopolitical and socioeconomic challenges over the years.”

Ahmed added, “For 2024-25, the Emirates Group has raised the bar to set new records for profit, revenue and cash assets. Through the year, Emirates and dnata were able to move quickly to meet the strong demand for air transport services across markets and win over customers - thanks to our non-stop investments in our people, in building partnerships and in delivering great products and services.”

In 2024-25, the Group collectively invested AED 14.0 billion (US $ 3.8 billion) in new aircraft, facilities, equipment, companies and the latest technologies to support its growth plans.