Emirates Hits New Half-Year Profit Record with PBT of $3.3B

The Emirates Group has announced a new record half-year financial performance, posting a profit before tax (PBT) of AED 12.2 billion (US$3.3 billion) for the first six months of 2025-26, making this the fourth consecutive year of record profitability for the half-year reporting period.

After accounting for income tax charges, the Group’s profit after tax is AED 10.6 billion (US$2.9 billion), up 13% from last year.

Illustrating its strong operating performance, the Group maintained a robust EBITDA of AED 21.1 billion (US$5.7 billion), 3% higher than the AED 20.4 billion (US$5.6 billion) reported for the same period last year.

Group revenue was AED 75.4 billion (US$20.6 billion) for the first six months of 2025-26, up 4% from AED 70.8 billion (US$ 19.3 billion) last year.

The Group closed the first half year of 2025-26 with a record cash position of AED 56.0 billion (US$15.2 billion) on 30 September 2025, compared to AED 53.4 billion (US$ 14.6 billion) on 31 March 2025.

The Group has been able to tap on its own strong cash reserves to support business needs, including funding for new aircraft deliveries and servicing existing debt obligations.

The Group also paid the remaining AED 2 billion (US$545 million) in dividend to its owner, of the AED 6 billion (US$1.6 billion) declared during the financial year 2024-25.

To support increased operations and business activities, the Emirates Group’s employee base, compared to 31 March 2025, grew 3% to an overall count of 124,927 on 30 September 2025. Both Emirates and dnata have ongoing recruitment drives to support their future requirements.