The Emirates Group has released its 2024-25 Annual Report, achieving new record profit, earnings before interest, taxes, depreciation, and amortization (EBITDA), revenue, and cash balance levels.
For the financial year ended March 31, 2025, the Emirates Group reported a record profit before tax of $6.2 billion, up 18 percent from last year, and a record revenue of $39.6 billion.
The level of cash assets also climbed to $14.6 billion, up 13 percent from last year.
This outstanding performance places the Emirates Group as the most profitable aviation group globally in the 2024-25 reporting period, with Emirates 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 $5.8 billion, up 20 percent from last year, and a record revenue of $34.9 billion.
The airline also reported its highest-ever level of cash assets at $13.5 billion, 16 percent higher compared to March 31, 2024.
The Group declares a dividend of $1.6 billion to its owner, the Investment Corporation of Dubai (ICD).
According to His Highness Sheikh Ahmed bin Saeed Al Maktoum, Chairman and Chief Executive, Emirates airline and Group, “It is no accident that Dubai has produced hugely successful global aviation entities including Emirates and dnata.
Dubai’s aviation sector has become an influential force on the global stage; thanks to visionary leaders, strategic planning, co-ordinated execution, and strong support from our customers, business partners, and all the people of Dubai.”
The Emirates Group has raised the bar to set new records for profit, revenue, and cash assets.
Through the year, Emirates and dnata were able to move quickly to meet the strong demand for air transport services across markets and win over customers – thanks to their non-stop investments in people, building partnerships, and delivering great products and services.
In 2024-25, the Group collectively invested $3.8 billion in new aircraft, facilities, equipment, companies, and the latest technologies to support its growth plans.
The Group’s total workforce grew by 9 percent 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.
Looking ahead, Sheikh Ahmed said, “We enter the year ahead with excitement and optimism. Our excellent financial standing enables us to continue building on and scaling up our successful business models. While some markets are jittery about trade and travel restrictions, volatility is not new in our industry. We simply adapt and navigate around these challenges.”
Emirates will strengthen its network connectivity with the expected delivery of 16 A350s and 4 Boeing 777 freighters in 2025-26, providing much-needed capacity to meet customer demand.
The airline’s retrofit program will also continue apace to provide customers with the latest Emirates products and a more consistent experience across its A380, 777, and A350 fleet.
With its strong financial performance and continued investment in growth, Emirates is well-positioned to maintain its position as the world’s most profitable airline.
