Emirates Group Earnings Before Interest, Taxes, Depreciation and Amortisation (EBITDA) grew by 18 per cent, indicating $6.2bn for the financial year ended 31 March, 2025.
The United Arab Emirates (UAE), flag carrier, also had a record revenue of $ 39.6 billion within the financial year period.
Its level of cash assets also climbed to $14.6bn, up 13 per cent when compared to the last year’s financial year ended.
A statement by the media consultant to the airline in Nigeria said that these were contained in its 2024-2025 Annual Report made public by the airline.
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This performance places the Emirates Group as the most profitable aviation group globally in the 2024-2025 reporting period, with the airline reporting the best result in its history to become the world’s most profitable airline.
Both 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.
Emirates earns its place as the world’s most profitable airline, reporting a record profit before tax of $5.8bn, up 20 per cent from last year and a record revenue of $34.9bn.
It also reported its highest-ever level of cash assets at $13.5bn, 16 per cent higher compared to 31 March 2024.
The group declares a dividend of US$ 1.6bn to its owner, the Investment Corporation of Dubai (ICD).
This is the first financial year that the UAE corporate tax, enacted in 2023, is applied to the Emirates Group.
After accounting for the 9 per cent tax charge, the group’s profit after tax is $5.6bn.
His Highness Sheikh Ahmed bin Saeed Al Maktoum, Chairman, Emirates airline and Group said it was no accident that Dubai had produced hugely successful global aviation entities including Emirates and dnata.
Dubai’s aviation sector, he said had become an influential force on the global stage thanks to visionary leaders, strategic planning, coordinated execution, and strong support from our customers, business partners, and all the people of Dubai.
He said: “When the government set up Emirates 40 years ago and we began expanding dnata’s capabilities to support the city’s growth, we had a clear mission – be the best at what we do; and deliver value to Dubai, our stakeholders, and the communities we serve.
“With that in mind, we’ve kept a laser focus on providing great products and services, and we continually invest in technology and talent to increase our competitive edge. We look after our people and our customers, and we work hard to positively impact our communities.
“We don’t cut corners, and we don’t take shortcuts that put our future at risk for short term gains. By building our business models around these principles and Dubai’s unique strengths, the Emirates Group has thrived and stayed resilient through geo-political and socio-economic challenges over the years.”
In 2024-25, the group collectively invested $3.8bn in new aircraft, facilities, equipment, companies, and the latest technologies to support its growth plans.
The group’s total workforce grew by 9 per cent 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 capabilities.
Emirates’ total passenger and cargo capacity grew 4 per cent to 60.0 billion ATKMs in 2024-25, recovering to near pre-pandemic levels.
During the year, Emirates launched two new destinations – Bogotá and Madagascar; restarted flights to Phnom Penh, Lagos, Adelaide and Edinburgh; and strengthened services to 21 other destinations to meet rising demand.
By 31 March, Emirates served 148 cities in 80 countries and territories. Emirates also grew its partnerships to 33 codeshare and 118 interline.
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