Emirates Group has once again reported a record-breaking annual profit. The Dubai-based aviation giant announced a pre-tax profit of AED 22.7 billion (USD 6.2 billion), marking an 18 per cent increase compared to the previous year.
The Group’s total revenue reached AED 145.4 billion (USD 39.6 billion), reflecting a 6 per cent rise, while cash reserves climbed to AED 53.4 billion (USD 14.6 billion), a 13 per cent gain. EBITDA hit a historic high of AED 42.2 billion (USD 11.5 billion), also up 6 per cent year-on-year. A dividend of AED 6 billion (USD 1.6 billion) has been declared to its parent organisation, the Investment Corporation of Dubai.
This financial year marks the first time Emirates Group is subject to the UAE’s corporate tax, introduced in 2023. After applying the 9 per cent tax rate, net profit stood at AED 20.5 billion (USD 5.6 billion).
“Dubai’s global success in aviation, seen in Emirates and dnata, stems from visionary leadership, strategic execution, and robust community and partner support,” said Sheikh Ahmed bin Saeed Al Maktoum, Chairman and Chief Executive of Emirates Airline and Group.
He added, “We remain committed to innovation and quality, investing in talent and technology to sustain long-term growth. We prioritise integrity, avoid short-term compromises, and build on Dubai’s inherent strengths, which has enabled our resilience through varied global challenges.”
Speaking at the Arabian Travel Market (ATM) 2025, Sheikh Ahmed projected that 2024–25 would be “another record year” for the Group.
In 2023–24, Emirates Group had already achieved its highest-ever profit of AED 18.7 billion, a 71 per cent rise from the previous year, with revenue up 15 per cent to AED 137.3 billion and closing cash reserves reaching AED 47.1 billion.
