FTAI AVIATION(FTAIM) - 2025 Q4 - Annual Results

Financial Performance - FTAI Aviation Ltd. reported a net income attributable to shareholders of $111,852,000 for Q4 2025, compared to $86,692,000 in Q4 2024, representing a year-over-year increase of 29%[2] - The company achieved basic earnings per ordinary share of $1.09 for Q4 2025, up from $0.85 in Q4 2024, reflecting a growth of 28.2%[2] - Total revenues for Q4 2025 were $662,028,000, an increase from $498,819,000 in Q4 2024, representing a growth of 32.7%[15] - Net income attributable to shareholders for the year ended December 31, 2025, was $477,494, a decrease of 6.3% from $509,573 in 2024[21] - Adjusted EBITDA for the year ended December 31, 2025, reached $1,190,922, an increase of 38.2% compared to $862,050 in 2024[21] Revenue Growth - Adjusted EBITDA for FY2025 from Aerospace Products was $671.3 million, marking a 76% increase compared to FY2024 and a 320% increase compared to FY2023[6] - Aerospace products revenue for FY2025 was $1,600,456,000, compared to $1,079,821,000 in FY2024, indicating a growth of 48.1%[15] Dividend and Shareholder Returns - FTAI Aviation Ltd. increased its quarterly dividend from $0.35 to $0.40 per share, marking the second consecutive quarter of dividend increases[6] Asset and Liability Management - Total assets increased to $4,373,758, up from $4,037,952, representing a growth of 8.3% year-over-year[17] - Current liabilities increased to $399,875 from $347,246, reflecting a rise of 15.2%[17] - Long-term debt remained stable at $3,448,891, slightly up from $3,440,478, indicating a marginal increase of 0.2%[17] - Shareholders' equity improved to $334,174 from $81,368, a substantial increase of 310.5%[17] Cash Flow and Working Capital - Cash and cash equivalents rose significantly to $300,476 from $115,116, marking an increase of 161.5%[17] - Accounts receivable increased to $209,907 from $150,823, representing a growth of 39.0%[17] - Inventory levels surged to $1,193,773, up from $551,156, indicating a significant increase of 116.7%[17] Tax Provisions - The company reported a provision for income taxes of $105,620 for the year, compared to $5,487 in the previous year, reflecting a substantial increase of 1,826.5%[21] Strategic Initiatives - The company completed the deployment of the inaugural SCI I partnership and initiated fundraising for the SCI II partnership with anchor investor commitments[6] - Development of FTAI Power is on track, with the first Aeroderivative product, FTAI Mod-1, expected to be delivered by Q4 2026, and planned production of 100 units in 2027[6] Lease Income - Lease income for Q4 2025 was $49,259,000, down from $65,973,000 in Q4 2024, reflecting a decrease of 25.4%[15]