Financial Performance - Net income attributable to shareholders for Q2 2025 was $161.7 million, representing an 80% increase compared to Q1 2025[5] - Basic earnings per ordinary share for Q2 2025 was $1.58, while diluted earnings per share was $1.57[2] - Total revenues for Q2 2025 were $676.2 million, up from $443.6 million in Q2 2024, marking a year-over-year increase of 52.5%[15] - Net income attributable to shareholders for Q2 2025 was $161,689, a significant improvement of $389,894 compared to a net loss of $228,205 in Q2 2024[22] - Net income attributable to shareholders for Q2 2025 was $133.6 million, an increase of 57.3% from $84.9 million in Q2 2024[26] - For the first half of 2025, net income attributable to shareholders was $240.2 million, a 58.7% increase compared to $151.3 million in the same period of 2024[26] Adjusted EBITDA - Adjusted EBITDA for Q2 2025 reached $347.8 million, with Aerospace Products segment Adjusted EBITDA increasing 26% from Q1 to $164.9 million[2][5] - Adjusted EBITDA for Q2 2025 reached $347,805, reflecting an increase of 62.6% from $213,904 in Q2 2024[22] - Adjusted EBITDA for Q2 2025 reached $164.9 million, up 80.7% from $91.2 million in Q2 2024[26] - Adjusted EBITDA for the first half of 2025 was $295.8 million, representing an 83.2% increase from $161.5 million in the first half of 2024[26] Cash Flow and Investments - The company generated over $400 million in positive Adjusted Free Cash Flow during the quarter[5] - The company reported net cash used in operating activities of $(110.3) million for Q2 2025[27] - Net cash provided by investing activities for Q2 2025 was $523.8 million[27] Assets and Liabilities - Total current assets increased to $1,759,385, up from $1,226,018, representing a growth of 43.5%[18] - Total assets as of June 30, 2025, were $4,101,075, a slight increase from $4,037,952 at the end of 2024[18] - Long-term debt remained stable at $3,444,612, compared to $3,440,478 at the end of 2024[18] - Total liabilities decreased slightly to $3,936,131 from $3,956,584, showing a reduction of 0.5%[18] - The company’s equity increased to $164,944, up from $81,368, marking a growth of 102.5%[18] Operational Highlights - FTAI's production ramped up to 184 CFM56 Modules in Q2 2025, a 33% increase from the previous quarter[5] - The Aerospace Products segment achieved 81% year-over-year growth in Adjusted EBITDA, increasing market share to approximately 9% from 5% last year[6] - FTAI acquired 100% equity of Pacific Aerodynamic, enhancing its repair capabilities for CFM56 compressor blades and vanes[5] - The SCI Partnership is on track to deploy $4 billion of capital in 2025, with 145 aircraft now owned or under letter of intent compared to a target of 250[6] Expenses - The company incurred acquisition and transaction expenses of $4,489 in Q2 2025, down from $8,019 in Q2 2024, a decrease of 44.5%[22] - Acquisition and transaction expenses for Q2 2025 were $1.4 million, compared to $0.5 million in Q2 2024, indicating a 168.6% increase[26] - Provision for income taxes in Q2 2025 was $25.8 million, compared to $4.9 million in Q2 2024, reflecting a significant increase of 426.5%[26] - Depreciation and amortization expense for Q2 2025 was $3.7 million, up from $0.9 million in Q2 2024, marking a 295.5% increase[26]
FTAI AVIATION(FTAIM) - 2025 Q2 - Quarterly Results