Dubai Aerospace Enterprise (DAE) has reported strong financial results for the first three months ending March 31, 2026, showing steady growth in revenue and profit.
The company posted total revenue of $455.5 million, compared to $395.9 million in the same period last year. Profit before tax also increased to $120.4 million from $101.2 million.
DAE’s profit margin improved to 26.4%, while return on equity remained stable at 13.0%. Operating cash flow stood at $296.3 million, slightly lower than $344.7 million last year.
As of March 31, 2026, total assets were $16.3 billion. Net loans and borrowings reduced to $9.9 billion, while available liquidity rose significantly to $4.5 billion from $3.4 billion at the end of 2025.
The company’s financial position improved further, with net debt-to-equity ratio at 2.50x and unsecured debt at 88.5%. The liquidity coverage ratio jumped sharply to 1,089%, showing strong financial stability.
Business Highlights
During this period:
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DAE acquired 9 aircraft and sold 15 aircraft
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Signed 64 lease agreements, extensions, and amendments
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Total fleet reached 663 aircraft
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DAE Engineering completed around 500,000 man hours and 69 maintenance checks
The company also secured new long-term unsecured credit facilities worth $2.8 billion.
A major development was the agreement to acquire 100% of Macquarie AirFinance Limited in a deal valued at about $7 billion. This deal is expected to add around 350 aircraft to DAE’s fleet.
DAE also received a credit rating upgrade to ‘A-’ from KBRA, reflecting its strong performance and growth.
