The Emirates Group, which includes Emirates Airline and dnata, has reported its fourth consecutive year of record profits, achieving revenue of AED75.4 billion (USD 20.6 billion) for the first half of 2025–26. This represents a 4 per cent increase compared to AED70.8 billion (USD 19.3 billion) recorded during the same period last year.
Profit before tax stood at AED12.2 billion (USD 3.3 billion), while profit after tax rose 13 per cent to AED10.6 billion (USD 2.9 billion). EBITDA reached AED21.1 billion (USD 5.7 billion), a 3 per cent increase from AED20.4 billion (USD 5.6 billion) in the prior year, reflecting the Group’s continued operational efficiency and resilience.
The Group closed the first half of the financial year with a record cash balance of AED56 billion (USD 15.2 billion), up from AED53.4 billion (USD 14.6 billion) as of 31 March 2025. This strong liquidity position enables Emirates to fund ongoing business requirements, including new aircraft acquisitions and the repayment of existing financial commitments.
Emirates Airline achieved a record half-year profit before tax of AED11.4 billion (USD 3.1 billion), marking a 17 per cent increase compared to last year, supported by a 6 per cent rise in revenue to AED65.6 billion (USD 17.9 billion).
Meanwhile, dnata reported a profit before tax of AED843 million (USD 230 million), up 17 per cent year on year, with a record half-year revenue of AED11.7 billion (USD 3.2 billion), representing a 13 per cent increase.
His Highness Sheikh Ahmed bin Saeed Al Maktoum, Chairman and Chief Executive of Emirates Airline and Group, said: “The Group has once again delivered an exceptional performance, surpassing last year’s half-year results to post a new record profit for H1 2025–26. I am pleased to see Emirates maintain its position as the world’s most profitable airline during this period.
“This achievement was driven by strong global demand and the growing customer preference for our world-class products and services, which have bolstered both revenue and profitability.
“Emirates and dnata have consistently invested billions in enhancing products and services, introducing innovations, improving operations through technology, and supporting our employees who are vital to ensuring customer satisfaction and safety. These principles remain at the heart of our business.
“Our robust profitability allows us to sustain these investments and expand our proven business models in alignment with Dubai’s continued growth as a leading global destination for talent, enterprise, and tourism.”
