Abu Dhabi:EasyLease PJSC, a leading provider of integrated mobility solutions in the UAE and a subsidiary of IHC, has announced a significant 89 percent year-on-year increase in net profit, reaching AED90.2 million for the first nine months of 2026. The company also reported a 16.9 percent rise in revenue, totaling AED603.5 million.
According to Wam, the company's gross profit saw a 28.9 percent increase year-on-year, amounting to AED172.0 million. Operating profit rose by 46.3 percent to AED91.9 million, and EBITDA increased by 56.2 percent to AED198.3 million, indicating a continued improvement in profitability over the period.
The growth in mobility leasing was driven by a larger deployed fleet and consistent demand from delivery platforms, corporate customers, and government entities. Additionally, the logistics sector experienced robust growth as new capacity was utilized, backed by heightened activity in land transport and yard storage services.
Ahmad Al Sadah, CEO of EasyLease, stated that the company's efforts over the past few years to build scale are now yielding results. The investments in fleet, logistics capacity, and technology are enabling the business to expand without a proportional increase in costs. He highlighted the use of recently added logistics capacity and the expansion of related services, alongside further opportunities in mobility as the UAE's passenger transport network evolves. The company's focus remains on capturing growth while enhancing operational efficiency.