Today's Edition
ABU DHABI (WAM)
EasyLease PJSC, a subsidiary of IHC, on Friday announced its financial results for the six months ended June 30, 2026, reporting a 38.2 percent year-on-year increase in net profit to Dh44.9 million and a 14.8 percent increase in revenue to Dh398.4 million.
Gross Profit increased 28.2 percent YoY to Dh112.4 million, while Operating Profit rose 33.8 percent YoY to Dh58.0 million, reflecting improved operating performance and early contributions from the Etihad Rail shuttle operation.
EBITDA increased 38.9 percent YoY to Dh115.4 million, supported by higher asset utilisation, continued fleet expansion and improved operational efficiency across the group.
CEO of EasyLease, Ahmad Al Sadah, said the group's performance in the first half of 2026 demonstrates its strength as an integrated mobility, logistics, services, and technology platform.
During the first half, the group achieved several operational milestones that further strengthened its market position.
A key milestone was the launch of United Trans' first-mile and last-mile shuttle operation supporting Etihad Rail's national passenger network.
The project involved the deployment of a purpose-built fleet integrated with train timetables through advanced telematics, providing seamless connections between major destinations in Abu Dhabi and the Mohammed Bin Zayed Passenger Train Station.
The total asset fleet surpassed 50,000 vehicles and mobility assets during the first half, supporting customer demand across the group’s mobility and logistics businesses while maintaining strong utilisation levels.
The logistics business strengthened its end-to-end offering through the expansion of warehousing, yard capacity and land transport services, supporting growing customer demand and contributing to improved profitability.
The logistics business strengthened its end-to-end offering through the expansion of warehousing, yard capacity and land transport services, supporting growing customer demand and contributing to improved profitability.
