Emirates Group achieves record profit of AED 24.4 bn (US$ 6.6 bn) in 2025-26

The Emirates Group released its 2025-26 Annual Report, achieving new record profit, revenue, and cash balance levels, despite a disruptive and challenging 12th month in its financial year.

Financial Performance
- Group Profit Before Tax (PBT): AED 24.4 billion (US$ 6.6 billion), up 7% year-on-year, with a margin of 16.2%.
- Group Revenue: AED 150.5 billion (US$ 41.0 billion), up 3%.
- Cash Assets: AED 59.6 billion (US$ 16.2 billion), up 12%.
- EBITDA: AED 41.1 billion (US$ 11.2 billion).
- Dividend: AED 3.5 billion (US$ 1.0 billion) declared to the Investment Corporation of Dubai.
- Corporate Tax Impact: Rate increased from 9% to 15% under Pillar Two rules; profit after tax AED 21.0 billion (US$ 5.7 billion).

Emirates Airline Highlights
- Airline PBT: AED 22.8 billion (US$ 6.2 billion), margin 17.4%.
- Revenue: AED 130.9 billion (US$ 35.7 billion), up 2%.
- Cash Assets: AED 54.9 billion (US$ 15.0 billion).
- Fleet: 277 aircraft, average age 10.8 years.
- Deliveries: 15 Airbus A350s.
- Order book: 367 aircraft (270 Boeing 777X, 54 A350s, 35 787s, 8 777Fs).
- Passengers: 53.2 million, seat factor 78.4%.
- Cargo: 2.4 million tonnes, revenue AED 16.2 billion (US$ 4.4 billion).

dnata Division
- PBT: AED 1.6 billion (US$ 437 million), margin 6.8%.
- Revenue: AED 23.6 billion (US$ 6.4 billion), up 12%.
- Cash Assets: AED 4.7 billion (US$ 1.3 billion), up 28%.
- Global Operations: 888,793 aircraft turns handled (+12%), 3.2 million tonnes cargo (+2%).
- Investments: AED 858 million (US$ 234 million) in catering facilities, cargo hubs, and green ground support equipment.

Strategic Outlook
- Despite disruption in February 2026 due to military activity in the Gulf, Emirates quickly restored operations with government support.
- Strong hedging until 2028–29 ensures fuel stability.
- Continued investments in fleet, retrofit programs, and customer experience (e.g., Starlink Wi-Fi, Premium Economy, accessibility initiatives).
- Workforce grew 8% to 130,919 employees, including over 4,000 UAE nationals.

This report confirms Emirates’ position as the world’s most profitable airline in 2025–26, with unmatched resilience and growth despite geopolitical disruptions.