DAE Achieves Remarkable Growth in Q1 2026 With Record Revenue

Post by : Bianca Suleiman

Dubai Aerospace Enterprise (DAE) has unveiled impressive financial performance for the first quarter ending March 31, 2026, showcasing robust revenue and profit gains.

The company recorded total revenue of $455.5 million, rising from $395.9 million in the same timeframe last year. Profit before tax surged to $120.4 million, up from $101.2 million.

DAE's profit margin saw an enhancement to 26.4%, while the return on equity held steady at 13.0%. Operating cash flow was noted at $296.3 million, although slightly down from $344.7 million in the previous year.

By March 31, 2026, total assets amounted to $16.3 billion. Net loans and borrowings were reduced to $9.9 billion, whereas available liquidity saw a robust increase, reaching $4.5 billion, compared to $3.4 billion at the end of 2025.

The company further strengthened its financial stance, reporting a net debt-to-equity ratio of 2.50x and unsecured debt at 88.5%. The liquidity coverage ratio experienced a remarkable boost to 1,089%, indicative of strong financial health.

Operational Highlights

In this quarter:

• DAE acquired 9 aircraft while divesting 15 aircraft

• Executed 64 lease agreements, extensions, and modifications

• The total fleet expanded to 663 aircraft

• DAE Engineering completed roughly 500,000 man hours and conducted 69 maintenance checks

The firm has also secured new long-term unsecured credit facilities valued at $2.8 billion.

Significantly, DAE reached an agreement to fully acquire Macquarie AirFinance Limited for approximately $7 billion, expected to introduce around 350 aircraft to its fleet.

In addition, DAE received an upgrade in its credit rating to ‘A-’ from KBRA, underscoring its strong performance and growth trajectory.

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