Easy Lease Motorcycle Rental

1. Company Overview & Earnings Context

Easy Lease reported its Q1 2026 results, delivering a strong performance with solid revenue growth and a sharp increase in profitability, supported by operating leverage and business expansion.

2. Financial Performance Snapshot

• Revenue: AED 189.7M (+14% YoY)

• Operating profit: AED 28.3M (+72% YoY)

• Net profit after tax: AED 20.7M (+98% YoY)

• EBITDA: AED 54.7M (+55% YoY)

• Net profit margin: 10.9% (improved YoY)

• ROE: 5.7%

• ROA: 2.0%

3. Operational Highlights & Key Metrics

• Total assets: AED 1.04B (+4% vs FY25)

• Total equity: AED 360.2M (+7% vs FY25)

• Borrowings: AED 326.9M (+8.2%)

• Current ratio: 1.18 (healthy liquidity)

• Fleet size: 49,000+ vehicles

4. Key Performance Drivers

Easy Lease’s Q1 performance was driven by strong operating leverage and expansion across both mobility and logistics segments. Revenue growth of 14% translated into a significantly higher ~98% increase in net profit, highlighting margin expansion, as seen in the CEO message (page 2) and financial highlights.

Key drivers included:

• Higher fleet utilisation and expansion, supporting revenue growth

• Improved business mix, particularly with logistics contributing more meaningfully

• Cost discipline and operational efficiency, enhancing margins

• Integration of acquisitions, strengthening scale and diversification

5. Outlook & Forward Guidance

The company enters the remainder of 2026 with strong growth visibility, supported by continued expansion in fleet, logistics integration, and technology-driven efficiencies. Management highlights a disciplined focus on execution and financial control, alongside scalable growth across core segments.

6. 🧾 Investor Takeaway

Easy Lease delivered strong earnings growth with significant margin expansion, demonstrating the scalability of its mobility and logistics platform.