EasyLease, which provides integrated mobility and logistics solutions in the UAE, reported a 71 per cent increase in revenue for the first quarter of 2025. Sales increased to AED166.3 million (US$45.28 million), compared to AED97.4 million (US$26.5 million) in the same quarter last year.
The subsidiary of International Holding Company (IHC) reported a flat, but solid operational performance – operational profit steady at AED16.5 million (US$4.49 million), compared to AED16.4 million (US$4.47 million) in Q1 2024 – which was mainly due to the decision to front-load strategic investments in subsidiary development.
EasyLease revenue jumps
With more than 30,000 vehicles forming one of the largest fleets in the UAE, the growth underscores EasyLease’s continued momentum in expanding its service offerings and deepening its market reach across the region.
Net profit after tax amounted to AED10.4 million (US$2.83 million), compared to AED13 million (US$3.54 million) in Q1 2024, which the company attributed to “proactive investments in strategic growth areas”. These targeted expenditures, aligned with the company’s 2025 vision, are laying the foundation for long-term value creation.
These proactive expenditures are designed to unlock new revenue streams, strengthen long-term competitiveness, and accelerate the scalability of EasyLease’s integrated mobility ecosystem. The company continues to build on its success by accelerating the development of its newly launched subsidiaries, including EasyLease Vehicle Rentals and ‘SHEEL’ Roadside Assistance, which are central to the company’s strategy to evolve into a fully integrated mobility ecosystem.
Ahmad Al Sadah, EasyLease CEO, commented: “Q1 2025 reflects our strategic shift towards long-term, scalable growth through the expansion of our subsidiaries. Our revenue growth and operational stability reaffirm our capacity to deliver value while investing in tomorrow’s mobility solutions.
“We are shaping a resilient and future-ready business, backed by solid revenue performance and forward-looking investments. Our subsidiaries are key growth engines, and we remain committed to unlocking their full potential.”
In 2025, EasyLease is focused on geographic expansion, customer-centric innovation, and operational excellence.
Al Sadah added that EasyLease remains firmly focused on executing its long-term growth strategy, leveraging operational agility, innovation, and strategic partnerships to lead the evolution of mobility and logistics in the region.
