Willis Lease(US:WLFC)2025-05-06 10:59Revenue Performance - Total revenue for Q1 2025 reached $157.7 million, an increase of 32.5% compared to $119.1 million in Q1 2024[3] - Core lease rent and maintenance reserve revenues totaled $122.6 million, up 27% from $96.8 million in the same period last year[3] - Maintenance reserve revenue increased to $54.9 million, a rise of 25% compared to $43.9 million in Q1 2024[5] - Spare parts and equipment sales surged to $18.2 million, a significant increase of 454.7% from $3.3 million in Q1 2024[9] Income and Expenses - Pre-tax income for Q1 2025 was $25.3 million, reflecting a decrease of 15.5% from $29.9 million in Q1 2024[17] - General and administrative expenses rose by 61.3% to $47.7 million, largely due to consultant fees related to the sustainable aviation fuel project[11] Asset and Portfolio Management - The book value of lease assets was $3,219.9 million as of March 31, 2025[12] - The lease portfolio as of March 31, 2025, was valued at $2,819.5 million, a decrease from $2,872.3 million at the end of 2024[13] - Portfolio utilization improved to 86.4% at the end of Q1 2025, compared to 76.7% at the end of 2024[7] Dividends - The company declared a quarterly dividend of $0.25 per share, payable on May 22, 2025[2]