Emirates Group Reports Record Half-Year Financial Performance

The Emirates Group has announced its best-ever half-year financial performance, with a profit before tax of AED 10.4 billion (US$ 2.8 billion) for the first six months of 2024-25.

This marks a significant achievement, surpassing last year's record for the same period.

Following the introduction of the UAE corporate income tax in 2023, the Group's profit after tax stands at AED 9.3 billion (US$ 2.5 billion), after accounting for the 9% tax charge. The Group’s revenue reached AED 70.8 billion (US$ 19.3 billion), a 5% increase from the previous year, fueled by strong demand across its business divisions and regions.

Emirates, the Group’s flagship airline, continued its expansion, increasing flights to 8 cities and opening new routes, including to Madagascar and South America. The airline also introduced new aircraft with updated interiors as part of a US$ 4 billion retrofit program. Emirates further invested in sustainability, lifting sustainable aviation fuel (SAF) at key airports, and engaging in partnerships for emissions reduction research.

On the ground, Emirates made strategic investments in expanding its premium services, opening new lounges and retail stores in Hong Kong. The airline also continued to enhance its brand visibility through major sponsorships, including Wimbledon and the International Cricket Council (ICC).

Additionally, dnata, the Group's ground services arm, reported strong growth, with revenue rising by 11% to AED 10.4 billion (US$ 2.8 billion). The division made notable expansions, including new operations in the USA and increased cargo capacity in Zurich. Despite a slight dip in profit, dnata's operating profitability remains strong, with a 16% increase in EBITDA.

News Source: Dubai Media Office