DUBAI AEROSPACE ENTERPRISE-

Dubai Aerospace Enterprise (DAE) saw its bottom line surge 195.9% y-o-y, reaching USD 440.3 mn in 1H 2025, according to an earnings release (pdf). The firm’s revenues rose 24.2% y-o-y to USD 843.6 mn for the same period, which management attributes to rising maintenance returns and lease revenues from newly acquired aircraft.

Fleet expansions: The company onboarded 230 owned aircraft, managed six aircraft, and sold 28 owned aircraft and seven managed aircraft, according to the release. The total fleet size of its aircraft leasing division — DAE Capital — reached 731, with 30% of the fleet concentrated in the Americas, followed by 17% in Europe, and 15% in the Middle East.

REMEMBER- DAE completed its full acquisition of Ireland-based Nordic Aviation Capital (NAC) last May for an enterprise value of USD 2 bn. NAC’s fleet comprised 252 assets as of last September, leased to roughly 50 airlines in 40 nations.

Still soaring, earnings-wise: DAE is continuing 1Q 2025’s upwards earnings trajectory, during which it saw a 26.5% y-o-y surge in net income to USD 85.8 mn, with 15.2% top line growth reaching USD 395.9 mn.

ADNOC GAS-

Adnoc Gas reported a 16% y-o-y net income increase to USD 1.4 bn in 2Q 2025, according to the company’s management discussion and analysis report (pdf). The company closed the quarter with USD 6.0 bn in revenues — 2% lower on both a yearly and quarterly basis.

During 1H 2025, the company saw its bottom line rise 12% y-o-y to USD 2.7 bn, as contributions from the firm’s domestic gas segment continued to increase, the report read. Revenues came in flat during the period at USD 12.1 bn revenues amid a mixed pricing environment that saw Brent crude fall 14% y-o-y. On the other hand, LNG prices increased 27% y-o-y.

Behind the results: Adnoc Gas CFO Peter Van Driel also cited stable LPG prices amid oil price fluctuations and an increase in sulfur demand contributing up to AED 730 mn annually to its bottom line as factors driving growth during an earnings call.

Adnoc Gas is also ramping up capex investments to USD 20 bn over the next five years, up from the USD 15 bn it had previously earmarked, as it looks to increase its production capacity by 30% through projects including the Rich Gas Development project, Van Driel added.

SAUDI GROUND SERVICES–

Saudi Ground Services saw its net income rise 26.7% y-o-y to SAR 99.4 mn in 2Q 2025, supported by a SAR 23.8 mn decline in impairment losses, a SAR 14.7 mn actuarial gain, and a 9.3% reduction in admin expenses, according to a disclosure to Tadawul. Revenue edged up 0.4% y-o-y to SAR 688.9 mn during the quarter, driven by higher domestic and international flight operations.

On a 1H basis, the company’s net income climbed 31.7% y-o-y to SAR 197 mn, while revenue rose 1.5% y-o-y to SAR 1.4 bn.

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