EasyLease (ADX: EASY LEASE) has announced its audited financial results for the fiscal year 2024, revealing a total revenue of AED456 million. This figure represents an impressive 53% year-over-year growth, solidifying the company’s leadership position in the rapidly evolving mobility sector in the region. The results underscore Easy Lease’s capability to maintain strong financial performance while pursuing its long-term strategic objectives.

The company’s operational profit surged 71% to AED54 million, indicating enhanced efficiency and adaptability. Additionally, EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) also increased to AED116 million, reflecting Easy Lease’s commitment to delivering sustainable value for its stakeholders. Furthermore, the net profit for FY 2024 rose by 18%, highlighting the firm’s resilience and focus on growth. Excluding the effects of its recent strategic initiatives, net profit increased to AED53 million from AED40 million in FY 2023.

Easy Lease’s remarkable growth in FY 2024 can be attributed to a focused strategy that emphasizes both strategic acquisitions and organic business development. The company successfully acquired United Trans, a prominent provider of railway and mobility solutions, along with Gallega Global Logistics, an expert in supply chain and warehousing services. These acquisitions, coupled with the launch of new ventures in vehicle rentals and roadside assistance, have significantly diversified Easy Lease’s service portfolio and expanded its asset base, which now totals AED788 million.

Ahmad Al Sadah, CEO of Easy Lease, stated that 2024 has been a transformative year for the company. He noted that the financial results reflect both a strong operational foundation and a vision to redefine mobility and logistics in the region. Al Sadah emphasized that by leveraging core strengths and pursuing strategic diversification, Easy Lease is positioning itself for sustainable growth and long-term market leadership.

He further highlighted the company’s dedication to investing in technology, assets, and talent, which is essential for building a resilient business capable of meeting current demands while also shaping the future of mobility and logistics. Al Sadah reaffirmed Easy Lease’s commitment to delivering long-term value for its shareholders.