Abu Dhabi, UAE – Easy Lease, a company listed on the Abu Dhabi Securities Exchange and affiliated with the International Holding Company, announced on Friday its financial results for the first half of this year. It achieved a 38.2% year-on-year increase in net profits, reaching AED 44.9 million. Revenues grew by 14.8% to reach 398.4 million dirhams.
Gross profit increased by 28.2% year-on-year to AED 112.4 million, while operating profits grew by 33.8% to AED 58 million. Reflecting the improved operational performance and initial contributions of passenger transport operations associated with Etihad Trains.
Earnings before interest, taxes, depreciation and amortization also increased by 38.9% year-on-year to reach AED 115.4 million. Supported by increased asset utilization rates, continued fleet expansion, and improved operational efficiency across the Group’s various businesses.
Cooperation with Etihad Trains
During the first half, the company launched United Trans passenger services for the first and last mile. In support of the national Union train network.
The project included operating a fleet specifically designed for the network, integrating with train schedules through advanced communication and telemetry technologies. Providing smooth connections between major destinations in Abu Dhabi and the train station in Mohammed bin Zayed City.
total solutions
The group’s total fleet exceeded 50,000 vehicles and mobility assets during the first half of the year. This contributed to meeting demand through the group’s mobility and logistics activities, while maintaining strong utilization rates.
The Logistics Business Unit has enhanced its integrated solutions by expanding warehousing and increasing the capacity of operational yards. And land transportation services, which helped meet the growing demand from customers and improve profitability.
