Abu Dhabi Aviation Co. · ADX:ADAVIATION
Abu Dhabi Aviation — Q3 2025 Earnings Presentation
31 slides from Abu Dhabi Aviation's earnings presentation, Dec 1, 2025
Slide 1: Q3 2025 Earnings Presentation
Q3 2025 https://ada.ae/ EARNING PRESENTATION ABU DHABI AVIATION
Slide 2: Disclaimer
Disclaimer This presentation has been prepared by Abu Dhabi Aviation PJSC (ADA) for information purposes only. It contains publicly available and non-public information and is provided solely to support a preliminary review of the matters referenced. Nothing in this presentation constitutes, or shou
Slide 3: Presenters
Presenters Mahmood Al Hameli Ashraf Fahmy Group Chief Executive Officer Group Chief Financial Officer 3 Abu Dhabi Aviation
Slide 4: Contents
Contents 01 02 03 04 05 06 Management Business Performance Segment Outlook and Appendix Discussion & Overview Summary Performance Strategy Analysis 4 Abu Dhabi Aviation
Slide 5: 1. Management Discussion & Analysis
1. Management Discussion & Analysis
Slide 6: Management Discussion and Analysis: Board Briefing
Management Discussion and Analysis Board Members Board Briefing The Group delivered a strong operating performance in the first nine months of 2025. Profitability remained robust with margin expansion across the MRO businesses underpinning ADA’s earnings resilience. Nader Ahmed Al Hammadi Sheikh Ahm
Slide 7: Management Discussion and Analysis: Group CEO Statement
Management Discussion and Analysis Group CEO Statement Our performance across the first nine months of The MRO businesses were particularly strong, 2025 demonstrates operational strength and achieving a remarkable 280.0% year-on-year resilience. We maintained robust profitability with profit growth
Slide 8: 2. Business Overview
2. Business Overview
Slide 9: Business Overview
Business Overview Maintenance, Repair & Overhaul General Aviation Investments Largest general AED 1,167.0mn 10,000+ Employees aviation operator in investment 35+ Aircraft the UAE portfolio platforms across 67 58 Helicopters AED 361.0mn in aircraft 16 Fixed-wing real estate in prime 12 Hangars, 78,00
Slide 10: Business Overview (Cont'd)
Business Overview (Cont’d) Maintenance, General Aviation General Aviation Investments Repair & Overhaul The Middle East’s largest commercial helicopter operator, offering offshore oil & gas support, search and rescue, air ambulance, VIP transport and maintenance services. Provides Defense MRO and on
Slide 11: ADA History
ADA History Our Journey ADA formed under a mandate to Acquired stakes from ADQ provide air service Publicly listed on ADA acquires Abu Dhabi Aviation training in Etihad Engineering, support to the oil ADX Maximus Air centre established AMMROC and GAL industry 1976 1991 2000 2002 2008 2011 2014 2017
Slide 12: Why Invest in ADA?
Why Invest in ADA? Investment Highlights Leading UAE and Regional Aviation Player Financial Strength Largest commercial helicopter operator Delivered AED 5,547.0mn in revenue and with diversified aviation services (air cargo strong profitability with a 14.1% EBITDA and business jets) and regional le
Slide 13: 3. Performance Summary
3. Performance Summary
Slide 14: Key Highlights
Key Highlights Key Performance Indicators AED +9.2% AED 14.1% AED 12.6% 1.2x +38.7% YoY 5,547.0mn Revenue 783.0mn EBITDA 698.0mn Net Income Debt Adjusted 9M Revenue Growth EBITDA Margin Net Income Margin /EBITDA(1) Net Profit Growth(2) Operational Highlights Safety Sustainability Maintained the high
Slide 15: Key Highlights (Cont'd)
Key Highlights (Cont’d) Group Highlights AMMROC continues to expand its service offering by broadening its technical capabilities and improving facility utilization through strategic collaborations with Original Equipment Manufacturers (OEMs) both locally and internationally. With the completion and
Slide 16: Group CFO Commentary
Group CFO Commentary Group Revenue Segment Performance (Cont’d) For the first nine months of 2025, Group revenue was AED 5.6bn, representing a 9.2% General Aviation: Revenue grew due to full-year consolidation, though growth was increase compared with the same period in 2024. tempered by mobilisatio
Slide 17: Financial Summary
Financial Summary Revenue (AEDmn) Segmental Breakdown for 9M 9M 2024 vs 9M 2025 Strong Revenue Growth with Significant EBITDA Margin Expansion Revenue grew 9.2% to AED 5,547.3mn, 5,547.3 Investments 0.4% General supported by consolidation of entities and Aviation solid growth. 13.0% MRO accounted fo
Slide 18: 4. Segmental Performance
4. Segmental Performance
Slide 19: MRO Performance
MRO Performance Revenue Evolution (AEDmn) Commentary Key Revenue Contributor: MRO segment generated AED 4,843.7mn in revenue over 9 months ending 30 September 4,843.7 2025, representing 87.0% of Group revenue and 4.4% growth. 3,199.4 Strong Profitability: MRO business achieved a net profit of AED 51
Slide 20: General Aviation Performance
General Aviation Performance Revenue Evolution (AEDmn) Commentary Exceptional Growth Performance: General Aviation (13.0% of Group revenue) segment delivered AED 764.3mn in revenue vs. AED 471.3mn in the prior year with growth of 764.3 62.2% YoY primarily due to the post-combination impact of the gr
Slide 21: Investments Performance
Investments Performance Revenue Evolution (AEDmn) Commentary Investment Segment: Generated AED 65.0mn in net profit from ADA’s ADAIRE real estate portfolio and returns from a 20.8 diversified financial asset portfolio, with AED 20.8mn attributable to rental income. 13.7 Robust Asset Base: Supported
Slide 22: 5. Outlook and Strategy
ABU DHABI AVIATION 5. Outlook and Strategy
Slide 23: Business Outlook
Business Outlook Aviation Market Highlights ADA remains well positioned to capture market opportunity through operational excellence and strategic diversification. EYE is driving a transformation, which is focused on growth, customer experience and operational excellence through its strategic Al Mas
Slide 24: ADA Strategy
ADA Strategy The Group’s forward-looking agenda is built around 3 strategic priorities Enhancing core operations to drive efficiency, quality and innovation. Integrating capabilities across business entities to unlock cross-functional value. Accelerating growth through international in-organic expan
Slide 25: 6. Appendix – Additional Financials
6. Appendix – Additional Financials
Slide 26: Share Performance
Share Performance Stock Performance (AED per Share) AED 6.8 6.4 6.4 6.0 5.7 5.7 5.6 5.6 5.4 5.2 4.8 Q3/24 Q4/24 Q1/25 Q2/25 Q3/25 Share Performance Context: • 52-week trading range of AED 5.05 to AED 6.82, with current Q3 2025 share price near AED 5.74 representing a recovery from recent lows while
Slide 27: Shareholding
Shareholding Ownership Breakdown Number of Shares Shareholder % of Shares Owned Held ADQ Aviation and Aerospace Services LLC 59.4% 652,000,000 Free Float 28.4% ADQ Aviation Mamoura Diversified Global Holding PJSC 12.2% 133,436,160 59.4% and Aerospace 12.2% Services LLC Mamoura Free Float 28.4% 311,3
Slide 28: Normalised Net Profit Bridge
Normalised Net Profit Bridge 9M 2024 to 9M 2025 (AED mn) Commentary The Group reported net profit of AED 920.6mn for 38.7% Growth 9M 2024, which included a one-off gain of AED 920.6 596.8mn from the reverse acquisition. To provide a meaningful like-for-like comparison, we have adjusted the 9M 2024 b
Slide 29: Profit & Loss Summary
Profit & Loss Summary Metric (AEDmn) 9M 2025 9M 2024 Growth % Strong Revenue Growth and Margin Expansion Revenue 5,547.3 5,081.5 9.2% Total Revenue for the nine-month period reached AED 5,547.3mn, compared to AED Direct Operating Costs (4,564.2) (4,697.1) (2.8%) 5,081.5mn for the corresponding perio
Slide 30: Balance Sheet Summary
Balance Sheet Summary Metric (AEDmn) 9M 2025 FY 2024 Growth % Strategic Asset Base Growth Supporting Aircraft, Property and Equipment 1,932.7 1,735.4 11.4% Expansion Financial Assets at Fair Value Through Profit or Loss 1,167.3 564.8 106.7% ADA maintained its strong cash position of AED 2,117.3mn wi
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