A delivery rider on a motorcycle operated by 1885 Delivery Services. | EasyLease

EasyLease PJSC Lifts Nine-Month Earnings on Mobility Leasing Demand

NewsDesk
NewsDesk
Financial Arabia NewsDesk is the desk responsible for Financial Arabia's daily news coverage, monitoring and reporting developments across the Gulf from official sources, including national news...

EasyLease PJSC said in a statement that net profit for the nine months through September 30, 2026 rose 89 percent year on year to AED 90.2 million. The Abu Dhabi-based integrated mobility solutions provider and subsidiary of International Holding Company recorded revenue of AED 603.5 million in the period, up 16.9 percent from the previous year. Gross profit increased 28.9 percent to AED 172 million while operating profit expanded 46.3 percent to AED 91.9 million, the company added in the announcement. EBITDA advanced 56.2 percent to AED 198.3 million, reflecting gains from higher fleet utilisation and cost discipline.

The mobility leasing segment benefited from a larger deployed fleet together with sustained demand from delivery platforms, corporate customers and government entities, according to the statement. Logistics delivered additional growth as further capacity came online, supported by rising activity in land transport and yard storage services. United Trans, part of the group’s offering, expanded its passenger mobility business by introducing first and last-mile shuttle services while partnering with Etihad Rail, Citymapper and Via to bring the Citymapper application to the UAE.

EasyLease’s results come as the UAE vehicle rental and leasing market expands rapidly. A Marqstats assessment projected the sector to increase from USD 2.85 billion in 2025 to USD 4.91 billion by 2030 at a compound annual growth rate of 11.5 percent. The company’s performance underscores its ability to capture value across last-mile delivery for e-commerce and food sectors as well as broader corporate mobility requirements.

The active rental fleet has grown considerably through a combination of organic expansion and strategic investments, helping drive revenue while preserving healthy unit economics. Earlier integration of acquisitions has widened the service range into logistics, warehousing and supply chain management. Total assets stood at AED 997.3 million at the end of 2025 with equity at AED 335.4 million, according to the company’s prior financial disclosures.

EasyLease PJSC trades on the Abu Dhabi Securities Exchange under the ticker EASYLEASE. Exchange data showed its shares advancing 6.4 percent to AED 21.9 following the release. The firm continues to emphasise operational leverage and efficiency improvements as it scales within the competitive mobility sector.

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Financial Arabia NewsDesk is the desk responsible for Financial Arabia's daily news coverage, monitoring and reporting developments across the Gulf from official sources, including national news agencies and government communications. Its focus is accurate, timely and factual coverage of the region.