Link: https://links.sgx.com/1.0.0/corporate-announcements/5ODCECSQYGNO4LOT/f68fd029b4e01685a23df68a85d104419cf16c842bb3f94c730b48e4efeef3f6

Summary:

• Total revenue and other income rose 6% year-on-year to US$1,242 million for the six months ended 30 June 2025.

• Net profit after tax was US$342 million, down 26% from 1H 2024, which benefited from a one-off gain related to aircraft recoveries from Russia. Adjusting for this, core net profit rose 20% year-on-year.

• The company declared an interim dividend of US$0.1476 per share (30% of NPAT), with a record date of 26 September 2025.

• Maintained strong cash flow, achieving a record first half operating cash flow net of interest of US$1 billion; US$533 million in cash on hand and US$5.5 billion in undrawn committed facilities.

• Portfolio expanded to 834 aircraft and engines (owned, managed, and on order), with the largest-ever order placed for 120 new aircraft, lifting the orderbook to 351.

• Delivered 24 new aircraft and sold 18; 100% utilisation of owned aircraft for two consecutive quarters.

• Net assets grew to US$6.5 billion, with total assets reaching US$25.6 billion as at 30 June 2025.

• Higher staff costs and finance expenses were offset by reduced operating costs; effective tax rate rose due to global minimum tax rules.

• Strong global demand for aircraft continued to boost lease rates, fleet values, and future committed revenue, positioning the group for continued growth and stable cash returns.