The Emirates Group released its 2024-25 Annual Report, on Thursday, achieving record profit, EBITDA, revenue, and cash balance levels.
This outstanding performance places the Emirates Group as the most profitable aviation group globally in the 2024-25 reporting period, with Emirates reporting the best result in its history to become the world’s most profitable airline, a media release from the company stated.
Emirates and dnata contributed record revenues in 2024-25, as the Group expanded its operations around the world to meet voracious customer demand for its high-quality products and services.
For the financial year ended March 31, 2025, the Emirates Group reported a profit before tax of AED 22.7 billion (US$ 6.2 billion), up 18% from last year, revenue of AED 145.4 billion (US$ 39.6 billion), up 6% over last year’s results, cash assets at AED 53.4 billion (US$ 14.6 billion), up 13% from last year and highest-ever EBITDA of AED 42.2 billion (US$ 11.5 billion), up 6%, demonstrating its strong operating profitability.
Emirates earns its place as the world’s most profitable airline, reporting:
• record profit before tax of AED 21.2 billion (US$ 5.8 billion), up 20% from last year
• record revenue of AED 127.9 billion (US$ 34.9 billion), an increase of 6% over last year
• highest-ever level ofcash assets at AED 49.7 billion (US$ 13.5 billion), 16% higher compared to March 31, 2024.
The Group declared a dividend of AED 6.0 billion (US$ 1.6 billion) to its owner, the Investment Corporation of Dubai (ICD).
This is the first financial year that the UAE corporate tax, enacted in 2023, has applied to the Emirates Group. After accounting for the 9% tax charge, the Group’s profit after tax is AED 20.5 billion (US$ 5.6 billion).
Chairman and Chief Executive, Emirates Airline and Group, Sheikh Ahmedbin Saeed Al Maktoum said, “It is no accident that Dubai has produced hugely successful global aviation entities including Emirates and dnata. 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.”
In 2024-25, the Group collectively invested AED 14.0 billion (US$ 3.8 billion) in new aircraft, facilities, equipment, companies, and the latest technologies to support its growth plans.
The Group’s total workforce grew by 9% to 121,223 employees, its largest size ever, as Emirates and dnata continued recruitment activity around the world to support its expanding operations and boost its future abilities.
During 2024-25, the Group continued to invest and implement initiatives that help reduce its impact on the planet, increase engagement with communities, and develop and reward its people.
