Emirates Group, which encompasses Emirates and dnata, the ground handling company based in Dubai, the United Arab Emirates, and their subsidiaries, has announced a record-breaking half-year profit before tax driven by solid demand across its businesses. Slight pre-tax profit improvement Emirates Group detailed that in H1 FY2024/2025, the group posted a profit before tax of $2.8 billion, an increase of 1% year-on-year (YoY).
Group-wide revenues were $19.3 billion, up 5% YoY, which reflected strong customer demand across its business divisions and regions where it operated, it said. The group’s earnings before income, taxes, depreciation, and amortization (EBITDA) was $5.
6 billion, slightly lower than the figure during the same period a year prior. While Emirates Group did not disclose its net profit or net loss, its cash position has slightly deteriorated to $11.9 billion as of September 30, compared to $12.
8 billion on March 31, when the previous fiscal year ended. Ahmed bin Saeed Al Maktoum, the chairman and chief executive of Emirates, said that the group managed to deliver a fantastic result for the first half of the current fiscal period. The executive highlighted the group’s proven business model, which worked in combination with Dubai’s growth trajectory.
“The Group’s strong profitability enables us to make the investments necessary for our continued success. We’re investing billions of dollars to bring new products and services to the market for our custome.
