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UAE Heavyweights Post Record Half-Year and Nine-Month Results on Travel and Property Strength

Robust travel demand and strong property sales drove revenue gains and fresh investment across Dubai’s core sectors.

Overview

  • Emirates Group reported record half‑year results to 30 September with AED 12.2 billion pre‑tax profit, AED 10.6 billion net profit and AED 75.4 billion in revenue, ending the period with AED 56 billion in cash.
  • Emirates Airline posted AED 11.4 billion pre‑tax and AED 9.9 billion net profit on AED 65.6 billion in revenue, carried 27.8 million passengers, served 153 airports in 81 countries and added five A350s while refurbishing 23 aircraft.
  • Dnata delivered record half‑year revenue of AED 11.7 billion with AED 843 million pre‑tax and AED 697 million net profit, expanding airport operations including a Rome launch and handling 450,903 aircraft turns and 1.59 million tonnes of cargo.
  • International Holding Company recorded AED 84.6 billion in nine‑month revenue and AED 19.5 billion net profit, highlighted by a strong Q3 with AED 29.9 billion revenue and AED 8.7 billion net, as assets reached AED 462.1 billion and cash AED 56.9 billion.
  • Five Dubai‑listed developers posted a combined AED 24.99 billion in nine‑month net profit on more than AED 54.8 billion in revenue, led by Emaar Properties with AED 33.1 billion revenue and AED 14.64 billion net income.