The Emirates Group introduced a brand new file half-year monetary efficiency, posting a revenue earlier than tax of AED 12.2 billion (US$ 3.3 billion) for the primary six months of 2025-26, making this the fourth consecutive yr of file profitability for the half-year reporting interval.
After accounting for revenue tax prices, the Group’s revenue after tax is AED 10.6 billion (US$ 2.9 billion), up 13% from final yr.
Illustrating its sturdy working efficiency, the Group maintained a sturdy EBITDA of AED 21.1 billion (US$ 5.7 billion), 3% greater than the AED 20.4 billion (US$ 5.6 billion) reported for a similar interval final yr.
Group income was AED 75.4 billion (US$ 20.6 billion) for the primary six months of 2025-26, up 4% from AED 70.8 billion (US$ 19.3 billion) final yr.
The Group closed the primary half yr of 2025-26 with a file money place of AED 56.0 billion (US$ 15.2 billion) on 30 September 2025, in comparison with AED 53.4 billion (US$ 14.6 billion) on 31 March 2025. The Group has been in a position to faucet by itself sturdy money reserves to assist enterprise wants, together with funding for brand new plane deliveries and servicing present debt obligations. The Group additionally paid the remaining AED 2 billion (US$ 545 million) in dividend to its proprietor, of the AED 6 billion (US$ 1.6 billion) declared throughout the monetary yr 2024-25.
His Highness (HH) Sheikh Ahmed bin Saeed Al Maktoum, Chairman and Chief Govt, Emirates Airline and Group mentioned: “The Group has as soon as once more delivered an impressive efficiency, surpassing our half-year outcomes of final yr to realize a brand new file revenue for H1 2025-26. I’m delighted to notice that Emirates maintains its place because the world’s most worthwhile airline for this half-year reporting interval.
“This efficiency was primarily pushed by the unflagging demand and rising buyer choice for our product and providers, which drove income development and profitability.
“Emirates and dnata have invested billions to repeatedly improve our services and products, to convey new merchandise to market, to enhance our operations by innovation and know-how, and to take care of our staff who guarantee our clients’ security and satisfaction. These are core to our DNA.
“The Group’s sturdy profitability permits us to proceed making these investments, and to scale up our confirmed enterprise fashions in live performance with Dubai’s development as a world metropolis of selection for expertise, for companies, and for vacationers.”
HH Sheikh Ahmed added: “International demand for air transport and journey providers has been buoyant, regardless of geo-political occasions and financial issues in some markets. We count on this demand resilience to proceed for the remainder of 2025-26 and stay up for growing our capability to develop revenues as new A350 plane be part of the Emirates fleet, and new services come on-line at dnata.”
To assist elevated operations and enterprise actions, the Emirates Group’s worker base, in comparison with 31 March 2025, grew 3% to an total depend of 124,927 on 30 September 2025. Each Emirates and dnata have ongoing recruitment drives to assist their future necessities.
Emirates airline
Emirates continued to reinforce its community and connectivity choices by its Dubai hub. Throughout the first half of 2025-26, Emirates launched new flight providers to: Danang, Siem Reap, Shenzhen and Hangzhou. At 30 September, Emirates’ passenger and cargo community spanned 153 airports in 81 nations and territories.
The airline strengthened its community connectivity by deploying 28 extra weekly scheduled flights to: Antananarivo, Johannesburg, Muscat, Rome, Riyadh and Taipei.
Offering much more connection choices for purchasers, throughout the first six months of 2025-26, Emirates entered agreements with 3 codeshare and interline companions: Air Seychelles, Condor, and Aurigny.
Between 1 April and 30 September, Emirates obtained supply of 5 new A350 plane, including extra Enterprise Class and Premium Financial system seats into the airline’s stock. Throughout this era, 23 plane (6 A380s, 17 Boeing 777s) with totally refreshed interiors rolled out of the airline’s US$ 5 billion retrofit programme. This enabled Emirates to convey its newest cabin merchandise to much more markets, together with the industry-leading Emirates Premium Financial system. By 30 September, Emirates Premium Financial system was obtainable to clients flying between Dubai and 61 cities.
On floor, “Emirates First” opened at Dubai Airport, providing First Class clients and Platinum Skywards members an expensive non-public check-in space and expertise. Within the first six months of 2025-26, Emirates accelerated the roll-out of its retail technique with the opening of recent idea journey shops in Accra, Bangkok, Geneva, Jakarta, Mauritius, Osaka, Seoul, and Singapore.
Emirates continued to progress on its environmental initiatives, uplifting sustainable aviation gasoline (SAF) the place obtainable and possible, together with at 37 airports. In April, Emirates joined the Aviation Circularity Consortium (ACC), a community of organisations dedicated to constructing a round economic system for aviation and creating new pathways to speed up decarbonisation by high-value circularity within the international provide chain.
Within the first half of 2025-26, Emirates made notable investments to spice up its international model visibility. The airline signed multi-year sponsorship offers to grow to be Platinum Associate of FC Bayern Munchen, Official Primary Sponsor of Actual Madrid Basketball, and Premium Associate and Official Airline Associate of the Investec Champions Cup and European Skilled Membership Rugby (EPCR) Problem Cup. Emirates additionally prolonged its partnership with ATP as Premier Associate and Official Airline of the ATP Tour as much as 2030, and its shirt sponsorship with Olympique Lyonnais till 2030.
General capability throughout the first six months of the yr elevated by 5% to 31.3 billion Out there Tonne Kilometres (ATKM) as a result of expanded flight operations. Capability measured in Out there Seat Kilometres (ASKM), elevated by 5%, while passenger visitors carried measured in Income Passenger Kilometres (RPKM) was up by 4% with a mean Passenger Seat Issue of 79.5%, in contrast with 80.0% throughout the identical interval final yr. Emirates carried 27.8 million passengers between 1 April and 30 September 2025, up 4% from the identical interval final yr.
Emirates SkyCargo transported 1.25 million tonnes within the first six months of the yr, up by 4% in comparison with the identical interval final yr. Buyer demand for Emirates SkyCargo’s specialised merchandise and wonderful community of freighter and bellyhold cargo operations remained regular. Nevertheless, cargo yields decreased by 6% as a result of softening demand in some market segments amidst tariff issues.
Emirates SkyCargo added capability from 3 new Boeing 777 freighter delivered. In April, the cargo division launched Emirates Courier Categorical, an revolutionary product that leverages the ability of the airline’s international community to supply door-to-door specific transport providers for companies.
Cementing its place because the world’s most worthwhile airline for the half yr reporting interval, Emirates revenue earlier than tax for the primary half of 2025-26 hit a brand new file of AED 11.4 billion (US$ 3.1 billion), in comparison with AED 9.7 billion (US$ 2.6 billion) final yr. Emirates revenue after tax is AED 9.9 billion (US$ 2.7 billion), up 13% from final yr.
Emirates income, together with different working revenue, of AED 65.6 billion (US$ 17.9 billion) was up 6% in contrast with AED 62.2 billion (US$ 16.9 billion) for a similar interval final yr. The airline’s new file income will be attributed to unabated journey urge for food throughout markets, and buyer choice for Emirates’ services and products, significantly for its premium cabins.
Emirates’ working prices (together with gasoline) grew by 4% consistent with elevated operations. Gas stays the most important element of the airline’s working value at 30%.
Pushed by buyer demand and elevated operations throughout the six months, Emirates’ EBITDA of AED 19.7 billion (US$ 5.4 billion) remained sturdy, up 3% in comparison with AED 19.1 billion (US$ 5.2 billion) for a similar interval final yr.
Emirates Flight Catering grew income from exterior clients by 13% to AED 555 million (US$ 151 million), uplifting 7.7 million meals (up by 2%) for 116 airways throughout the interval.
Emirates Leisure Retail acquired the remaining 25% stake in Air Ventures LLC within the US, securing full possession of the entity, which operates airport retail and F&B shops.
dnata
dnata noticed sturdy development within the first six months of 2025-26, because it continued to ramp up operations throughout its cargo and floor dealing with, catering and retail, and journey providers companies.
Within the first half of 2025-26, dnata’s airport providers and catering and retail divisions received a number of important new contracts and grew present clients throughout its worldwide operations. This exhibits dnata’s means to serve the varied necessities of its airline clients with excessive security requirements and constantly high-quality services and products.
dnata continued to make strategic investments in its enterprise to reply to buyer wants and faucet on market prospects. It introduced plans to deploy 800 new floor assist gear (GSE) models throughout its international community in 2025, an funding valued at US$ 110 million to additional improve operational efficiency and safe a gentle provide of superior, lower-emission gear to assist dnata’s development and sustainability targets.
Different highlights within the first half of 2025-26 embody: the launch of its airport hospitality model, marhaba, in the UK; a €3 million minority stake funding in WonderMiles, a sophisticated NDC-enabled reserving platform to strengthen dnata Journey’s company enterprise providing; and the disposal of its 75% stake in Tremendous Bus, which operates sightseeing excursions within the UAE.
dnata additionally entered its first main sports activities sponsorship partnership, signing a three-year settlement with Dubai Basketball to grow to be a Founding Associate of the town’s first skilled basketball franchise.
dnata achieved a brand new file half-year income, crossing the US$ 3.0 billion mark for the primary time for this reporting interval. dnata’s income, together with different working revenue, of AED 11.7 billion (US$ 3.2 billion) elevated by 13% in comparison with AED 10.4 billion (US$ 2.8 billion) generated in the identical interval final yr.
General revenue earlier than tax for dnata is AED 843 million (US$ 230 million), up by 17% from the identical interval final yr. dnata’s revenue after tax is AED 697 million (US$ 190 million), up 22% from final yr.
Illustrating its working efficiency, dnata’s EBITDA was AED 1.4 billion (US$ 372 million), up 5% from final yr’s AED 1.3 billion (US$ 354 million).
dnata’s airport operations stays the most important contributor to income with AED 5.5 billion (US$ 1.5 billion), a 15% improve in comparison with the identical interval final yr, as its airline clients’ operations continued to choose up significantly in Italy, Australia, the UK and the UAE. Throughout its operations, the variety of plane turns dealt with by dnata elevated by 15% to 450,903 bolstered by its newly launched operations at Rome Fiumicino Airport, and it recorded 1.59 million tonnes of cargo dealt with, up by 3% as a result of extra cargo dealing with pushed by its UAE operations.
dnata’s flight catering and retail operations, contributed AED 4.1 billion (US$ 1.1 billion) to its income, up 11% as its retail product grew considerably as a part of the division’s technique, catering manufacturing will increase in Australia and the UK to satisfy buyer demand, and the constructive influence of revised contracts to mirror rising provide prices. The general variety of meals uplifted barely decreased by 1% to 60.0 million meals in comparison with final yr.
dnata’s journey division contributed AED 2.0 billion (US$ 538 million) to income, up 11% in comparison with AED 1.8 billion (US$ 483 million) for a similar interval final yr. The division reported an underlying whole transactional worth (TTV) of AED 5.0 billion (US$ 1.4 billion), in comparison with AED 4.5 billion (US$ 1.2 billion), up 9% in comparison with the identical interval final yr.