Willis Lease(US:WLFC) Globenewswire·2026-03-10 11:01Core Insights - The company reported record pre-tax income of $160.6 million and record revenue of $730.2 million for the year ended December 31, 2025, reflecting a significant growth compared to 2024 [1][6]. Financial Performance - Total revenue increased by 28.3% to $730.2 million in 2025 from $569.2 million in 2024 [1][6]. - Core lease rent and maintenance reserve revenues reached $523.6 million, up 15.8% from $452.1 million in 2024, driven by strong demand in the aviation marketplace [1][6]. - Lease rent revenue rose by $53.4 million, or 22.4%, to $291.6 million in 2025 from $238.2 million in 2024, attributed to a larger portfolio and increased utilization [2][6]. - Maintenance reserve revenue increased by $18.1 million, or 8.4%, to $232.0 million for 2025 from $213.9 million for 2024 [3][6]. - Spare parts and equipment sales surged by $68.4 million, or 252.3%, to $95.5 million compared to $27.1 million for 2024, reflecting high demand for surplus materials [4][6]. - The gain on sale of leased equipment was $54.0 million in 2025, an increase of 19.9% from $45.1 million in 2024 [5][6]. Operational Metrics - Average portfolio utilization improved to 84.9% in 2025 from 82.9% in 2024 [6]. - The book value of lease assets was $3,614.5 million as of December 31, 2025 [7]. Non-GAAP Financial Measures - Adjusted EBITDA for 2025 was approximately $459.1 million, up 16.6% from $393.7 million in 2024 [11][10].