Emirates announces record profit of USD 6.2 bn in 2024-25
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“Emirates will strengthen our network connectivity with the expected delivery of 16 A350s and 4 Boeing 777 freighters in 2025-26,” said Sheikh Ahmed bin Saeed Al Maktoum, Chairman and Chief Executive.
The Emirates Group has released its 2024-25 Annual Report, achieving new record profit, EBITDA, revenue, and cash balance levels. According to the group, this performance places the group as the most profitable aviation group globally in the 2024-25 reporting period. Both Emirates and dnata contributed record revenues in 2024-25.
For the financial year ended March 31, 2025, the group reported record profit before tax of USD 6.2 billion, up 18% from last year; record revenue of USD 39.6 billion, up 6% over last year’s results; record level of cash assets at USD 14.6 billion, up 13% from last year; and highest-ever EBITDA of USD 11.5 billion, up 6%.
According to the group, it earns its place as the world’s most profitable airline, reporting record profit before tax of USD 5.8 billion, up 20% from last year; record revenue of USD 34.9 billion, an increase of 6% over last year; and highest-ever level of cash assets at AED 49.7 billion (USD 13.5 billion), 16% higher compared to March 31, 2024.
dnata also delivered solid growth and performance across its business units, reporting record profit before tax of USD 430 million, up 2% from last year; record revenue of USD 5.8 billion, up 10%; and strong cash assets of USD 1.0 billion.
The group declares a dividend of USD 1.6 billion to its owner, the Investment Corporation of Dubai (ICD). This is said to be the first financial year that the UAE corporate tax, enacted in 2023, is applied to the Emirates Group. After accounting for the 9% tax charge, the Group’s profit after tax is USD 5.6 billion.
Sheikh Ahmed bin Saeed Al Maktoum, Chairman and Chief Executive, Emirates airline and Group said, “Dubai’s aviation sector has become an influential force on the global stage thanks to visionary leaders, strategic planning, co-ordinated 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.”
In 2024-25, the group collectively invested USD 3.8 billion in new aircraft, facilities, equipment, companies, and the technologies to support its growth plans.
The Group’s total workforce grew by 9% to 121,223 employees as Emirates and dnata continued recruitment around the world to support its expanding operations.
Commenting on the outlook for 2025-26, Ahmed said, “Emirates will strengthen our network connectivity with the expected delivery of 16 A350s and 4 Boeing 777 freighters in 2025-26, providing much-needed capacity to meet customer demand. Our retrofit programme will continue apace to provide our customers the latest Emirates products and a more consistent experience across our A380, 777 and A350 fleet.
dnata is on a steady growth path with facility investments coming to fruition in key markets, including the opening of new facilities in Amsterdam, Dubai and Erbil next year which will significantly expand our cargo handling capacity and capabilities.”
He further added, “Work is already underway at the new Al Maktoum International airport (DWC) and broader development around Dubai South. Our planning teams are working closely with Dubai airports and other entities to design and deliver the future of aviation and the best possible travel experiences.”