Company Overview - Bristow Group Inc. is a leading global provider of innovative and sustainable vertical flight solutions, primarily serving offshore energy companies and government entities [2] - The company offers a range of aviation services including personnel transportation, search and rescue (SAR), medevac, fixed-wing transportation, unmanned systems, and ad hoc helicopter services [2] - Bristow operates through three segments: Offshore Energy Services, Government Services, and Other Services [2] Customer Base - Bristow currently serves customers in various countries including Australia, Brazil, Canada, Chile, the Dutch Caribbean, the Falkland Islands, India, Ireland, the Netherlands, Nigeria, Norway, Spain, Suriname, Trinidad, the United Kingdom, and the United States [3] Upcoming Events - The President and CEO of Bristow Group, Chris Bradshaw, is scheduled to host investor meetings at the 2025 Barclays Energy-Power Conference on September 2, 2025 [1] - Chris Bradshaw will also participate in a hybrid fireside chat at the Jefferies Industrials Conference on September 3, 2025, and will host additional investor meetings throughout that day [1]

Core Insights - The article emphasizes that VTOL technology is transitioning from concept to reality due to supportive U.S. policies, FAA certification progress, and global investment trends [1][2][3] - VTOL is positioned as a viable solution to address urgent needs in both commercial and government sectors, particularly in light of current challenges facing the aviation industry [2][4] Industry Perspective - The U.S. aviation policy has shifted to support next-generation aviation systems, with ongoing FAA certification pathways and infrastructure planning [2][4] - VTOL technology offers a distributed and resilient alternative to traditional aviation, addressing issues such as staffing shortages and outdated control systems [4] - The alignment of innovation, policy, and market demand presents a strategic opportunity for the U.S. to lead in VTOL and advanced air mobility [5] Company Overview - XTI Aerospace is focused on integrating manned and unmanned VTOL systems, advanced materials, and distributed airspace management to create a more accessible and transformative air mobility future [6] - The company is developing the TriFan 600, a fixed-wing business aircraft with VTOL capabilities, maximum cruising speeds exceeding 300 mph, and a range of up to 1,000 miles [7]

Group 1 - The focus has shifted towards offshore drilling, supply industry, and shipping, including tankers, containers, and dry bulk [1] - The fuel cell industry is being monitored as it is still in its early stages of development [1] Group 2 - The individual has extensive experience in auditing and trading, having navigated significant market events such as the dotcom bubble and the subprime crisis [2] - The research quality is emphasized despite language barriers, indicating a commitment to delivering valuable insights to the investment community [2]

Financial Data and Key Metrics Changes - Bristow reported revenues of $25.9 million higher in Q2 2025, with nearly half driven by the Offshore Energy Services (OES) segment [5] - Adjusted EBITDA for the quarter was $60.7 million, reflecting a $3 million increase compared to the previous quarter [5] - The company raised its 2025 adjusted EBITDA guidance to a range of $240 million to $260 million and for 2026 to $300 million to $335 million [9] Business Line Data and Key Metrics Changes - Revenues from the OES segment increased by $13 million, primarily due to higher revenues in Europe ($6.4 million), The Americas ($3.7 million), and Africa ($3 million) [6] - Government Services revenues were $6.6 million higher, mainly due to the transition of the Irish Coast Guard search and rescue contract [7] - Other services revenues increased by $6.3 million, attributed to seasonally higher utilization in Australia [8] Market Data and Key Metrics Changes - The company expects market conditions in the OES segment to remain constructive in 2025, projecting adjusted operating income of approximately $200 million to $205 million on revenues of $980 million to $1 billion [9] - In the Government Services segment, adjusted operating income is expected to be approximately $40 million to $50 million on revenues of $360 million to $400 million [9] Company Strategy and Development Direction - The company is focused on maintaining a strong balance sheet and executing its capital allocation strategy, which includes accelerated debt paydown and opportunistic share repurchases [11][12] - Bristow is optimistic about the offshore energy services business, anticipating continued investment in long-cycle deepwater projects despite macroeconomic uncertainties [15] - The company is also exploring advanced mobility opportunities, with a project in Norway scheduled for its first flight [31][32] Management's Comments on Operating Environment and Future Outlook - Management noted that while macroeconomic risks are elevated, the outlook for Bristow's business remains positive, supported by the stability of its Government Services and offshore energy services [16] - The company highlighted that 2025 is a transition year for its Government Services business, with full earning potential expected to materialize in 2026 and beyond [14] Other Important Information - Operating cash flows were nearly $100 million higher than the preceding quarter, with available liquidity at approximately $317 million as of June 30 [10][11] - The company has funded 92% of the capital investments needed for its new government services contract [11] Q&A Session Summary Question: What gives you greater confidence in the outlook to raise guidance? - Management cited better visibility into overall costs and customer activity as the primary drivers for raising guidance [19] Question: Are you seeing any changes in behavior among production-oriented customers? - Management indicated that they are currently managing supply chain challenges to meet customer demand, with no significant changes in customer behavior [20] Question: How much of the expected increase in exploration and development drilling activity is factored into the 2026 guidance? - Management confirmed that they are including expectations of increased activity in late 2026 into their guidance range [22] Question: Are the increased subcontractor costs related to ongoing contractor transitions? - Management explained that elevated subcontractor costs are primarily due to the transition of government services contracts, with some costs expected to persist [27] Question: What are you seeing regarding supply chain dynamics and availability of spares? - Management noted improvements in supply chain dynamics, with some OEMs making strides in delivery times [28] Question: Any updates on the advanced mobility market and sandbox projects? - Management confirmed the first flight for the Norway Tessarina project is scheduled for August 8, showcasing real-world applications of new technology [31] Question: How does the contracting model insulate the company from activity drops? - Management highlighted that a significant portion of revenues comes from stable government contracts and production support, reducing exposure to short-cycle drilling [44] Question: What growth opportunities are expected in the energy business? - Management identified Brazil, the U.S. Gulf, and Africa as key markets for growth, with a focus on meeting increasing demand [56]

Financial Performance - Total revenues for Q2 2025 were $376 million, compared to $351 million in Q1 2025[19] - Adjusted EBITDA for Q2 2025 was $61 million, compared to $58 million in Q1 2025[20] - Offshore Energy Services revenues increased by $13 million from Q1 2025 to Q2 2025, reaching $253 million[26, 28] - Government Services revenues increased by $66 million from Q1 2025 to Q2 2025, reaching $93 million[31] - Other Services revenues increased by $63 million from Q1 2025 to Q2 2025, reaching $31 million[36] Outlook - The company raised its 2025 total revenue outlook to $1460 - $1560 million[40] - The company raised its 2026 total revenue outlook to $1620 - $1740 million[40] - The company raised its 2025 Adjusted EBITDA outlook to $240 - $260 million[40] - The company raised its 2026 Adjusted EBITDA outlook to $300 - $335 million[40] Capital Allocation - The company made $153 million of accelerated principal payments on its UKSAR Debt facility[21, 51] - The company repurchased 119841 shares of common stock for $39 million at an average cost of $3241 per share[21, 51]

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 ________________________________________ FORM 10-Q ________________________________________ (Mark One) ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2025 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number 001-35701 Bristow Group Inc. (Exact ...

Core Insights - Bristow Group Inc. reported a net income of $31.7 million, or $1.07 per diluted share, for Q2 2025, an increase from $27.4 million, or $0.92 per diluted share, in Q1 2025, with total revenues rising to $376.4 million from $350.5 million [1][6][25]. Financial Performance - Total revenues for Q2 2025 were $376.4 million, up 7.4% from $350.5 million in Q1 2025 [6][25]. - Operating income increased to $42.6 million in Q2 2025 from $33.5 million in Q1 2025 [3][25]. - Adjusted EBITDA for Q2 2025 was $60.7 million, compared to $57.7 million in Q1 2025 [6][25]. Segment Performance - Offshore Energy Services revenues rose to $252.8 million in Q2 2025, a 5.4% increase from $239.8 million in Q1 2025, with operating income up 16.7% to $43.6 million [4][28]. - Government Services revenues increased to $92.5 million, a 7.6% rise from $85.9 million in Q1 2025, but the segment reported an operating loss of $1.9 million [8][28]. - Other Services saw revenues grow by 25.5% to $31.1 million, with operating income improving significantly to $3.4 million from a loss of $0.6 million in Q1 2025 [9][28]. Guidance and Capital Allocation - The company raised its 2025 Adjusted EBITDA guidance to a range of $240-$260 million and for 2026 to $300-$335 million [4][6]. - Bristow initiated accelerated debt payments of $15.3 million and repurchased 119,841 shares for $3.9 million during the quarter [15][6]. Liquidity and Cash Flow - As of June 30, 2025, Bristow had $251.8 million in unrestricted cash and $64.7 million available under its asset-based revolving credit facility, totaling $316.5 million in liquidity [17][30]. - The company reported net cash provided by operating activities of $99.0 million in Q2 2025, compared to a cash outflow of $0.6 million in Q1 2025 [3][6].

Exhibit 99.1 BRISTOW GROUP REPORTS SECOND QUARTER 2025 RESULTS RAISES 2025 AND 2026 OUTLOOK RANGES Houston, Texas August 5, 2025 Second Quarter Highlights FOR IMMEDIATE RELEASE — Bristow Group Inc. (NYSE: VTOL) ("Bristow" or the "Company") today reported net income attributable to the Company of $31.7 million, or $1.07 per diluted share, for the quarter ended June 30, 2025 (the "Current Quarter") on total revenues of $376.4 million compared to net income attributable to the Company of $27.4 million, or $0.9 ...

Core Insights - New dividends are often indicative of a company's commitment to returning value to shareholders, suggesting potential for future increases in payouts [2][3] Group 1: New Dividends Overview - Millrose Properties (MRP) launched with an 8% yield, focusing on residential land development and selling homesites back to homebuilders like Lennar [4][5] - Bristow Group (VTOL) is a global helicopter transportation provider, primarily serving the offshore energy sector, and plans to initiate a dividend of 12.5 cents quarterly starting in February 2026 [10][11][14] - WillScot Holdings (WSC) announced a 7-cent quarterly dividend, despite potential revenue contraction in 2025, indicating room for future dividend growth [15][16][17] - Western Digital (WDC) initiated a 10-cent quarterly dividend after spinning off its NAND flash memory business, despite a history of cyclical losses [18][21][23] - Regeneron Pharmaceuticals (REGN) announced an 88-cent quarterly dividend amid concerns over declining sales of its key drug Eylea, with expectations for stabilization in revenues and profits by 2026 [24][30]

Core Viewpoint - Joby Aviation, Inc. is positioned as a potential leader in the eVTOL industry, likened to the "Uber" of air taxis, due to its first-mover advantage [1] Company Analysis - Joby Aviation was initiated with a buy rating, highlighting its strategic advantage in the emerging air taxi market [1] - The company is viewed as undervalued, presenting investment opportunities based on thorough research and analysis of financial statements and market trends [1] Industry Insights - The eVTOL industry is expected to grow significantly, with Joby Aviation at the forefront of this transformation in urban mobility [1]