dnata reports half-year financial results for 2024 to 2025
dnata reports half-year financial results
dnata has announced its half-year results for the financial year 2024 to 2025.
“We continued to enhance our operations and services to meet continued solid demand across our cargo and ground handling, catering and retail, and travel services businesses. Highlights include significant investments in advanced infrastructure and equipment, major contract wins with leading partners, and strategic initiatives to progress our environmental agenda and reduce emissions globally,” the company said via LinkedIn.
According to the Emirates Group report released on November 7, in the first half of 2024 to 2025, dnata’s airport services and catering and retail divisions won several significant new contracts and grew existing customers across its international operations.
dnata continued to make strategic investments in its business to respond to customer needs and tap on market prospects. It also progressed its environmental agenda to reduce emissions, with investments to transition its entire fleet of non-electric airside vehicles and GSEs in the UAE to biodiesel, and the addition of more electric GSEs to its Brazil and UAE operations.
dnata’s revenue, including other operating income, of US$ 2.8 billion (AED 10.4 billion) increased by 11 percent compared to US$ 2.5 billion (AED 9.3 billion) generated in the same period last year.
Overall profit before tax for dnata is US$ 196 million (AED 720 million), down by 5 percent from the same period last year, primarily due to a one-off impairment charge of US$ 40.8 million (AED 152 million). dnata’s profit after tax is US$ 156 million (AED 571 million).
Illustrating its operating profitability, dnata’s EBITDA was US$ 354 million (AED 1.3 billion), up 16 percent from last year’s US$ 305 million (AED 1.1 billion).
dnata’s airport operations remains the largest contributor to its revenue with US$ 1.3 billion (AED 4.8 billion), a 15 percent increase compared to the same period last year, as its airline customers’ operations continued to pick up particularly in Australia, Singapore, the UAE and U.K. Across its operations, the number of aircraft turns handled by dnata increased by 2 percent to 391,365.
dnata’s flight catering and retail operations, contributed US$ 1.0 billion (AED 3.7 billion) to its revenue, up 8 percent with catering production increases in Australia and the U.K. to meet customer demand, as well as the growth of its retail product as part of the division’s strategy, and the positive impact of revised contracts to reflect rising supply costs. The overall number of meals uplifted decreased by 5 percent to 62.7 million meals compared to last year’s 66.3 million meals.
dnata's travel division contributed US$ 483 million (AED 1.8 billion) to revenue, up 23 percent compared to US$ 391 million (AED 1.4 billion) for the same period last year, with strong contributions from its Imagine Cruising, Destination Asia and Middle East Corporate Travel businesses. The division reported an underlying total transactional value (TTV) sales of US$ 1.2 billion (AED 4.5 billion), compared to US$ 1.1 billion (AED 4.1 billion) for the same period last year.
