Easy Lease Motorcycle Rental

Business and legal identity

As of: 2025-12-31

EasyLease is a mobility and logistics group whose annual financial statements name the parent Easy Lease Motor Cycle Rental PJSC. The business extends beyond motorcycle rental to delivery, vehicle and limousine leasing, freight forwarding, warehousing and supporting services. The profile concerns this consolidated group, not the whole portfolio of its parent shareholder.

Rental contracts earn income over time; completed deliveries and freight services have different recognition and collection patterns. Events, memberships, marine activities and technology services further diversify the mix. Fleet purchase prices, utilisation, maintenance, financing and resale proceeds determine how much cash a rental asset ultimately earns.

Ownership and governance

As of: 2026-07-23

The FY 2025 statements identify International Holding Company PJSC as the parent and Fount Trust as the ultimate parent. This establishes the disclosed control chain; it does not establish a current free-float calculation or an independently refreshed percentage ownership schedule. The group and the controlling shareholder must not be treated as the same reporting perimeter.

The July 2026 release identifies Ahmad Al Sadah as chief executive and EASYLEASE as the ADX Second Market ticker. The legal suffix is retained as reported: the annual note describes a private joint stock company. No conversion into a different legal form or new trading alias is inferred from the marketing name.

Subsidiaries and geographic exposure

As of: 2025-12-31

At 31 December 2025 the subsidiary schedule shows Gallega Group Holdings DMCC at 51%, United Trans General Trading LLC at 60%, Uplift Delivery Services at 67%, 1885 Delivery Services at 70% and Qube Car Park Management at 70%. Vehicle rental and limousine businesses are wholly owned. These are dated ownership interests, not a claim that each company contributes the same share of earnings.

Lynx Technology Group is consolidated with a 49% holding because the accounts identify de-facto control. Subsidiary-level ownership percentages are not automatically the listed parent’s effective stakes. The network includes entities in Bahrain, Saudi Arabia, Oman and Jordan, but FY 2025 revenue remained overwhelmingly UAE-based: AED 707.474 million in the UAE and AED 5.694 million outside it.

Operating scale and assets

As of: 2026-06-30

The H1 2026 release reports more than 50,000 vehicles and mobility assets. This broad measure is not a motorcycle count or a paid-utilisation rate. The release does not quantify utilisation, so a precise percentage is not inferred.

At 31 December 2025 property and equipment were AED 377.005 million, right-of-use assets AED 131.217 million and intangibles plus goodwill AED 167.122 million. Owned equipment, leased operating rights and acquisition goodwill are economically different. Adding their book values does not measure fleet capacity, warehouse occupancy or replacement cost.

Annual results and interim update

As of: 2026-06-30

FY 2025 revenue was AED 713.168 million versus AED 455.743 million in FY 2024. Group profit after tax was AED 90.086 million versus AED 42.726 million. Profit attributable to owners was lower: AED 70.584 million versus AED 29.113 million, because non-controlling shareholders participate in consolidated earnings. Group profit must not be substituted for the listed shareholders’ attributable profit.

The H1 2026 management report gives revenue of AED 398.4 million, net profit of AED 44.9 million and EBITDA of AED 115.4 million. These are management-reported interim figures; the annual audited cash-flow and balance-sheet detail below retains its own date.

Revenue mix and acquisition effects

As of: 2025-12-31

The annual revenue note separates delivery services of AED 218.541 million, vehicle and motorcycle rental of AED 190.470 million, freight forwarding of AED 77.390 million and warehousing of AED 54.815 million. Event management added AED 75.248 million. These business lines have different margins and cash requirements, so a single fleet statistic cannot explain the whole group.

Gallega entered the group on 1 October 2024 through a 51% acquisition for AED 51 million. United Trans entered on 1 March 2024 through a 60% acquisition for AED 15 million. FY 2025 therefore includes longer ownership periods for these businesses than the comparative year. Reported growth is not an independently established organic-growth rate.

Cash generation and reinvestment

As of: 2025-12-31

FY 2025 operating cash flow was AED 154.937 million. Cash purchases of equipment and intangible assets totalled AED 203.552 million. Subtracting those purchases produces a shortfall before asset-sale proceeds and financing; it is not a normalised free-cash-flow measure and does not separate replacement from growth investment.

Receivables absorbed cash while new borrowing supported investment. A growing rental fleet may justify spending ahead of revenue, but the return depends on paid utilisation, collections, maintenance and residual values. Distributions to non-controlling shareholders of subsidiaries are distinct from dividends to shareholders of the listed parent.

Debt and liquidity

As of: 2025-12-31

At 31 December 2025 bank loans totalled AED 252.119 million: AED 103.239 million current and AED 148.880 million non-current. A related-party loan of AED 50.000 million and lease liabilities of AED 166.135 million were additional obligations. Cash and bank balances were AED 76.536 million. Ignoring leases or the related-party loan would understate financing commitments.

Vehicle financing includes instalment repayment and security over vehicles, insurance or receivables, depending on the facility. The annual notes show maturities extending into 2027 and 2028. These dated terms do not establish that all subsequent financing has identical conditions, or that a announced facility is fully drawn.

Strategy and principal risks

As of: 2026-06-30

Management emphasises combining mobility, logistics and technology capabilities. Editorial interpretation: the critical test is whether expansion improves cash returns after fleet replacement, lease payments and borrowing costs. Customer concentration, slower collections, accident and insurance costs, downtime, residual-value losses and competition can weaken returns even as revenue rises.

Acquisitions add integration and valuation risk. The annual auditor highlighted delivery revenue recognition and the identification of assets and liabilities in the Gallega acquisition. Those are areas of audit attention, not allegations of wrongdoing. Goodwill recovery depends on future cash flows; ownership of a broader portfolio does not itself prove successful integration.

Public contacts and source dates

As of: 2026-08-31

Website: https://www.easylease.ae. Investor relations: ir@easylease.ae; the H1 management report publishes +971 4 283 7822. The corporate website lists Dubai Commerce City, building B1, 501, Umm Ramool, Dubai, P.O. Box 333367. Personal mobile numbers and third-party media contacts are omitted.

Prepared on 31 August 2026. Detailed ownership, subsidiaries, cash flow and debt use the FY 2025 accounts. H1 2026 results use the July management materials, not an assumption that an old Q1 report is still the latest available update. Annual amounts are rounded from AED to millions; PDF references use physical pages.

Sources

1. S1 · EasyLease FY2025 audited accounts · 2026-01-26
2. S2 · EasyLease H1 2026 release · 2026-07-23
3. S3 · EasyLease H1 2026 management report · 2026-07-23
4. S4 · EasyLease investor contact page · 2026-08-31