FTAI Aviation Ltd. Reports Second Quarter 2025 Results, Declares Dividend of $0.30 per Ordinary Share
NEW YORK, July 29, 2025 (GLOBE NEWSWIRE) -- FTAI Aviation Ltd. (NASDAQ:FTAI) (the "Company" or "FTAI") today reported financial results for the second quarter 2025. The Company's consolidated comparative financial statements and key performance measures are attached as an exhibit to this press release.
Financial Overview
(in thousands, except per share data)
Selected Financial Results
Q2'25
Net Income Attributable to Shareholders
$
161,689
Basic Earnings per Ordinary Share
$
1.58
Diluted Earnings per Ordinary Share
$
1.57
Adjusted EBITDA(1)
$
347,805
____________________(1) For definitions and reconciliations of non-GAAP measures, please refer to the exhibit to this press release.
Second Quarter 2025 Dividends
On July 29, 2025, the Company's Board of Directors (the "Board") declared a cash dividend on our ordinary shares of $0.30 per share for the quarter ended June 30, 2025, payable on August 19, 2025 to the holders of record on August 12, 2025.
Additionally, on July 29, 2025, the Board declared cash dividends on its Fixed-Rate Reset Series C Cumulative Perpetual Redeemable Preferred Shares ("Series C Preferred Shares") and Fixed-Rate Reset Series D Cumulative Perpetual Redeemable Preferred Shares ("Series D Preferred Shares") of $0.51563 and $0.59375 per share, respectively, for the quarter ended June 30, 2025, payable on August 15, 2025 to the holders of record on August 8, 2025.
Business Highlights
Net Income Attributable to Shareholders of $161.7 million, $1.58 EPS, an increase of 80% versus Q1 2025.
Aerospace Products Adjusted EBITDA increased 26% from Q1 to $164.9 million.(1)
Significant ramp in production to 184 CFM56 Modules in Q2 2025, an increase of 33% versus prior quarter.
Acquired 100% equity of Pacific Aerodynamic, a specialist in CFM56 compressor blade and vane repairs, expanding FTAI's repair capabilities.
"FTAI delivered an excellent quarter, generating over $400 million in positive Adjusted Free Cash Flow," said Joe Adams, Chairman and CEO(1). "We ended the period in a strong financial position with $302 million in cash and $400 million fully undrawn from our corporate revolving credit facility."
"Our Aerospace Products segment continued to perform, with 81% year-over-year growth in Adjusted EBITDA in Q2 2025 and an increase in market share to approximately 9% on an annualized basis, up from 5% last year(1). We remain confident in our ability to reach our long-term market share goal of 25%."
"The SCI Partnership also progressed well this quarter, on-track toward its goal of deploying $4 billion of capital in 2025 with 145 aircraft now owned or under LOI compared to a target of 250 in total."
Additional Information
For additional information that management believes to be useful for investors, please refer to the presentation posted on the Investor Center section of the Company's website, https://www.ftaiaviation.com/, and the Company's Annual Report on Form 10-K and Quarterly Report on Form 10-Q, when available on the Company's website. Nothing on the Company's website is included or incorporated by reference herein.
Conference Call
In addition, management will host a conference call on Wednesday, July 30, 2025 at 8:00 A.M. Eastern Time. The conference call may be accessed by registering via the following link https://register-conf.media-server.com/register/BI1c535d79815a4f5c936d9220ef1246d0. Once registered, participants will receive a dial-in and unique pin to access the call.
A simultaneous webcast of the conference call will be available to the public on a listen-only basis at https://www.ftaiaviation.com/. Please allow extra time prior to the call to visit the site and download the necessary software required to listen to the internet broadcast.
A replay of the conference call will be available after 11:30 A.M. on Wednesday, July 30, 2025 through 11:30 A.M. on Wednesday, August 6, 2025 on https://ir.ftaiaviation.com/news-events/presentations/.
The information contained on, or accessible through, any websites included in this press release is not incorporated by reference into, and should not be considered a part of, this press release.
About FTAI Aviation Ltd.
FTAI owns and maintains commercial jet engines with a focus on CFM56 and V2500 engines. FTAI's propriety portfolio of products, including the Module Factory and a joint venture to manufacture engine PMA, enables it to provide cost savings and flexibility to our airline, lessor, and maintenance, repair, and operations customer base. Additionally, FTAI owns and leases jet aircraft which often facilitates the acquisition of engines at attractive prices. FTAI invests in aviation assets and aerospace products that generate strong and stable cash flows with the potential for earnings growth and asset appreciation.
Cautionary Note Regarding Forward-Looking Statements
Certain statements in this press release may constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including, but not limited to, the ability to reach our annual maintenance market share goal of 25%, and whether the SCI Partnership will be able to deploy $4 billion of capital in 2025 and close on aircraft under letters of intent (LOI). These statements are based on management's current expectations and beliefs and are subject to a number of trends and uncertainties that could cause actual results to differ materially from those described in the forward-looking statements, many of which are beyond the Company's control. The Company can give no assurance that its expectations will be attained and such differences may be material. Accordingly, you should not place undue reliance on any forward-looking statements contained in this press release. For a discussion of some of the risks and important factors that could affect such forward-looking statements, see the sections entitled "Risk Factors" and "Management's Discussion and Analysis of Financial Condition and Results of Operations" in the Company's most recent Annual Report on Form 10-K and Quarterly Reports on Form 10-Q, which are available on the Company's website (www.ftaiaviation.com). In addition, new risks and uncertainties emerge from time to time, and it is not possible for the Company to predict or assess the impact of every factor that may cause its actual results to differ from those contained in any forward-looking statements. Such forward-looking statements speak only as of the date of this press release. The Company expressly disclaims any obligation to release publicly any updates or revisions to any forward-looking statements contained herein to reflect any change in the Company's expectations with regard thereto or change in events, conditions, or circumstances on which any statement is based. This release shall not constitute an offer to sell or the solicitation of an offer to buy any securities.
For further information, please contact:
Alan AndreiniInvestor RelationsFTAI Aviation Ltd.(646)
Media
Tim Lynch / Aaron Palash / Kelly SullivanJoele Frank, Wilkinson Brimmer Katcher(212) 355-4449
Exhibit - Financial Statements
FTAI AVIATION LTD.CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited)(Dollar amounts in thousands, except share and per share data)
Three Months Ended June 30,
Six Months Ended June 30,
2025
2024
2025
2024
Revenues
Aerospace products revenue
$
420,686
$
245,200
$
685,111
$
434,257
MRE Contract revenue
69,585
—
170,223
—
Lease income
62,439
70,754
130,879
123,915
Maintenance revenue
73,104
51,187
122,711
96,977
Asset sales revenue
47,915
72,433
66,854
111,040
Other revenue (1)
2,508
4,020
2,539
4,099
Total revenues
676,237
443,594
1,178,317
770,288
Expenses
Cost of sales
369,258
205,857
617,972
348,661
Operating expenses
34,328
29,099
66,766
54,416
General and administrative
2,442
2,969
5,558
6,652
Acquisition and transaction expenses
4,489
8,019
11,781
14,198
Management fees and incentive allocation to affiliate
—
3,554
—
8,449
Internalization fee to affiliate
—
300,000
—
300,000
Depreciation and amortization
55,236
56,691
114,798
106,611
Asset impairment
—
—
—
962
Total expenses
465,753
606,189
816,875
839,949
Other (expense) income
Interest expense
(63,965
)
(55,196
)
(126,005
)
(102,903
)
Loss on extinguishment of debt
—
(13,920
)
—
(13,920
)
Equity in losses of unconsolidated entities (2)
(5,003
)
(694
)
(12,617
)
(1,361
)
Gain on sale to the 2025 Partnership
34,604
—
45,474
—
Other income (expense)
27,156
(498
)
60,227
136
Total other expense
(7,208
)
(70,308
)
(32,921
)
(118,048
)
Income (loss) before income taxes
203,276
(232,903
)
328,521
(187,709
)
Provision for (benefit from) income taxes
37,878
(13,033
)
60,737
(7,461
)
Net income (loss)
