Willis Lease(US:WLFC) Globenewswireยท2025-08-05 10:30Core Insights - The company reported record pre-tax income of $74.3 million and record quarterly revenue of $195.5 million for Q2 2025, marking a 29.4% increase from $151.1 million in Q2 2024 [1][3][8] Financial Performance - Total revenue for Q2 2025 was $195.5 million, up 29.4% from $151.1 million in Q2 2024 [3][8] - Core lease rent and maintenance reserve revenues totaled $123.0 million, a 4% increase from $118.8 million in the same period last year [3] - Lease rent revenue reached $72.3 million, reflecting a 29.4% increase [8] - Maintenance reserve revenue was strong at $50.7 million, with short-term recurring maintenance reserve revenue up 9.5% [8] - Spare parts and equipment sales surged to $30.4 million, a significant increase from $6.2 million in Q2 2024, representing a 390.7% growth [5][8] Operational Highlights - The company generated $50.2 million in short-term maintenance revenues from engines on lease with "non-reimbursable" usage fees, up 9.5% from $45.9 million in Q2 2024 [4] - The gain on sale of leased equipment was $27.6 million, compared to $14.4 million in Q2 2024, marking a 91.2% increase [6][8] - The company sold its UK aviation consultancy business, Bridgend Asset Management Limited, to its WMES joint venture, resulting in a gain of approximately $43.0 million [7][8] Balance Sheet Overview - As of June 30, 2025, the company's lease portfolio was valued at $2,830.0 million, with total assets amounting to $3,946.4 million [8][16][17] - The company reported total liabilities of $3,265.2 million, with debt obligations at $2,800.6 million [17] - Shareholders' equity stood at $617.9 million, an increase from $549.3 million at the end of 2024 [17]