Repair and Exchange (MRE)
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FTAI Aviation Ltd. Reports Third Quarter 2025 Results, Increases Dividend to $0.35 per Ordinary Share
Globenewswireยท 2025-10-27 20:15
Financial Overview - The company reported a net income attributable to shareholders of $114.0 million for Q3 2025, representing a 46% increase compared to Q3 2024 [8] - Basic earnings per ordinary share were $1.11, while diluted earnings per share were $1.10 [2] - Adjusted EBITDA for the quarter was $297.4 million, reflecting a 65% increase from the previous year [8] Dividends - The Board declared a cash dividend of $0.35 per share for Q3 2025, up from $0.30 in the previous quarter [3] - Cash dividends for Series C and Series D Preferred Shares were declared at $0.52 and $0.59 per share, respectively [4] Business Highlights - The company experienced strong growth in the Aerospace Products segment, leading to an increase in guidance for 2026 Adjusted EBITDA from $1.4 billion to $1.525 billion [6][8] - The Strategic Capital Initiative's inaugural vehicle raised $2.0 billion in equity commitments, allowing the company to target over $6 billion in aircraft purchases [6][8] - A definitive agreement was announced to acquire ATOPS MRE to expand MRE operations in Miami [8] Revenue Breakdown - Total revenues for Q3 2025 were $667.1 million, compared to $465.8 million in Q3 2024 [18] - Aerospace products revenue was $459.2 million, a significant increase from $303.5 million in the same quarter last year [18] - MRE contract revenue was $58.7 million, with lease income at $55.1 million [18] Balance Sheet Highlights - As of September 30, 2025, total assets were $4.24 billion, up from $4.04 billion at the end of 2024 [22] - Cash and cash equivalents increased to $509.9 million from $115.1 million [22] - Total liabilities stood at $3.99 billion, slightly up from $3.96 billion at the end of 2024 [22]