Bohai Leasing(SZ:000415) Shang Hai Zheng Quan Bao·2026-02-12 19:31Core Viewpoint - Avolon Holdings Limited, a subsidiary of Bohai Leasing, has disclosed its 2025 annual financial performance, showing significant growth in revenue and net profit, while also highlighting its operational achievements and future plans for shareholder value enhancement [2][3][6]. Financial Performance - Avolon's total assets as of December 31, 2025, amounted to $34.418 billion, a 2% increase from the end of 2024 [5] - The net profit for 2025 reached $591 million, representing a 29% increase year-on-year, excluding the impact of a settlement related to Russian aircraft insurance [6] - Total revenue for 2025 was $3 billion, also reflecting a 7% increase from the previous year, after adjusting for the aforementioned settlement [6] - Avolon achieved a net cash flow from operating activities of $2.144 billion, up 7% compared to the previous year [6] - The company plans to distribute a cash dividend of $151 million for the second half of 2025, totaling $297 million for the fiscal year [6] Operational Highlights - In 2025, Avolon received 168 aircraft, including 106 from Castlelake Aviation Limited, and completed the sale of 95 aircraft [8] - The company secured lease agreements for 59 new technology aircraft during the year [9] - Avolon successfully raised $6.6 billion in unsecured debt financing throughout 2025 [10] - As of December 31, 2025, Avolon managed a fleet of 1,132 aircraft, serving 139 airline customers across 61 countries [10] Credit Ratings - In May 2025, Fitch upgraded Avolon's issuer rating from "BBB-" to "BBB," while Moody's raised it from "Baa3" to "Baa2," both with stable outlooks [7] - Standard & Poor's revised Avolon's issuer rating outlook to "positive" [7] Shareholder Value Initiatives - Avolon plans to repurchase $600 million of its shares in the first quarter of 2026, with the company expected to receive approximately $420 million from this buyback [7]