FTAI Aviation Ltd. Reports First Quarter 2025 Results, Declares Dividend of $0.30 per Ordinary Share
FTAI Aviation has reported strong financial results for Q1 2025, with net income of $89.9 million and earnings per share of $0.88 basic and $0.87 diluted. The company announced a quarterly dividend of $0.30 per ordinary share, payable on May 23, 2025.
Key highlights include:
- Generated $131 million in Aerospace Products Adjusted EBITDA with a 36% margin
- Module Factory now serves over 100 customers worldwide
- 98 aircraft owned or under letters of intent through Strategic Capital Initiative 2025
The company also declared preferred share dividends of $0.51563 for Series C and $0.59375 for Series D shares. Total Adjusted EBITDA reached $268.6 million for the quarter, demonstrating robust operational performance.
FTAI Aviation ha registrato risultati finanziari solidi nel primo trimestre del 2025, con un utile netto di 89,9 milioni di dollari e un utile per azione di 0,88 dollari base e 0,87 diluito. La società ha annunciato un dividendo trimestrale di 0,30 dollari per azione ordinaria, pagabile il 23 maggio 2025.
Punti salienti:
- Generati 131 milioni di dollari di EBITDA rettificato nei Prodotti Aerospaziali con un margine del 36%
- La Fabbrica di Moduli serve ora oltre 100 clienti in tutto il mondo
- 98 aeromobili di proprietà o in lettere di intenti tramite l'Iniziativa Strategica di Capitale 2025
La società ha inoltre dichiarato dividendi sulle azioni privilegiate di 0,51563 dollari per la Serie C e 0,59375 dollari per la Serie D. L'EBITDA rettificato totale ha raggiunto 268,6 milioni di dollari nel trimestre, dimostrando una solida performance operativa.
FTAI Aviation reportó sólidos resultados financieros para el primer trimestre de 2025, con un ingreso neto de 89,9 millones de dólares y ganancias por acción de 0,88 dólares básicas y 0,87 diluidas. La compañía anunció un dividendo trimestral de 0,30 dólares por acción ordinaria, pagadero el 23 de mayo de 2025.
Puntos destacados incluyen:
- Generó 131 millones de dólares en EBITDA ajustado de Productos Aeroespaciales con un margen del 36%
- La Fábrica de Módulos ahora atiende a más de 100 clientes en todo el mundo
- 98 aeronaves en propiedad o bajo cartas de intención a través de la Iniciativa Estratégica de Capital 2025
La compañía también declaró dividendos para acciones preferentes de 0,51563 dólares para la Serie C y 0,59375 dólares para la Serie D. El EBITDA ajustado total alcanzó los 268,6 millones de dólares en el trimestre, demostrando un rendimiento operativo sólido.
FTAI Aviation은 2025년 1분기에 강력한 재무 실적을 보고했으며, 순이익은 8,990만 달러, 기본 주당순이익은 0.88달러, 희석 주당순이익은 0.87달러를 기록했습니다. 회사는 2025년 5월 23일 지급 예정인 보통주당 0.30달러 분기 배당금을 발표했습니다.
주요 내용은 다음과 같습니다:
- 항공우주 제품 조정 EBITDA 1억 3,100만 달러, 36% 마진 달성
- 모듈 공장은 전 세계 100개 이상의 고객사에 서비스 제공
- 전략적 자본 이니셔티브 2025를 통해 98대의 항공기 소유 또는 의향서 체결
또한 회사는 시리즈 C 우선주에 대해 0.51563달러, 시리즈 D 우선주에 대해 0.59375달러의 배당금을 선언했습니다. 분기 총 조정 EBITDA는 2억 6,860만 달러에 달하며 견고한 운영 성과를 보여주고 있습니다.
FTAI Aviation a annoncé de solides résultats financiers pour le premier trimestre 2025, avec un revenu net de 89,9 millions de dollars et un bénéfice par action de 0,88 $ de base et 0,87 $ dilué. La société a déclaré un dividende trimestriel de 0,30 $ par action ordinaire, payable le 23 mai 2025.
Points clés :
- EBITDA ajusté de 131 millions de dollars pour les produits aérospatiaux avec une marge de 36 %
- L'usine de modules dessert désormais plus de 100 clients dans le monde
- 98 avions détenus ou sous lettres d'intention via l'Initiative stratégique de capital 2025
La société a également déclaré des dividendes sur actions privilégiées de 0,51563 $ pour la série C et de 0,59375 $ pour la série D. L'EBITDA ajusté total a atteint 268,6 millions de dollars pour le trimestre, démontrant une solide performance opérationnelle.
FTAI Aviation meldete starke Finanzergebnisse für das erste Quartal 2025 mit einem Nettoeinkommen von 89,9 Millionen US-Dollar und einem Gewinn je Aktie von 0,88 US-Dollar (Basis) bzw. 0,87 US-Dollar (verwässert). Das Unternehmen kündigte eine Quartalsdividende von 0,30 US-Dollar je Stammaktie an, zahlbar am 23. Mai 2025.
Wichtige Highlights:
- Erzieltes bereinigtes EBITDA von 131 Millionen US-Dollar im Bereich Luft- und Raumfahrtprodukte mit einer Marge von 36 %
- Die Modul-Fabrik bedient nun über 100 Kunden weltweit
- 98 Flugzeuge im Besitz oder unter Absichtserklärungen im Rahmen der Strategischen Kapitalinitiative 2025
Das Unternehmen erklärte außerdem Dividenden für Vorzugsaktien von 0,51563 US-Dollar für Serie C und 0,59375 US-Dollar für Serie D. Das gesamte bereinigte EBITDA erreichte im Quartal 268,6 Millionen US-Dollar und zeigt eine robuste operative Leistung.
- Strong Q1 2025 net income of $89.9 million
- Healthy Aerospace Products EBITDA of $131 million with 36% margin
- Growing customer base with Module Factory now serving over 100 customers globally
- Significant aircraft portfolio of 98 aircraft owned or under LOI in Strategic Capital Initiative
- Consistent dividend payment of $0.30 per ordinary share maintained
- None.
Insights
FTAI reports strong Q1 with $89.9M net income, $0.88 EPS, declares $0.30 dividend amid business expansion.
FTAI Aviation's Q1 2025 results showcase solid financial performance with
The board declared a
A key highlight is the Aerospace Products segment, which delivered
The company's Strategic Capital Initiative partnership now encompasses 98 aircraft that are either owned or under letters of intent to be acquired. This aircraft portfolio position aligns with FTAI's core business model in the aviation sector.
FTAI's Module Factory reaches 100+ global customers; company expands aircraft portfolio with 98 aircraft owned or committed.
The Q1 2025 results highlight FTAI Aviation's expanding presence in the aerospace sector. The company's Module Factory has now surpassed 100 customers worldwide, demonstrating significant market reach for their engine component business. This customer milestone indicates successful commercialization of their aerospace products.
The
FTAI's Strategic Capital Initiative 2025 partnership has made substantial progress, with 98 aircraft either owned or under letters of intent. This fleet expansion represents a significant scaling of their aviation asset portfolio, providing the company with a broader foundation for their aviation-focused business model.
The combination of manufacturing capabilities through their Module Factory and extensive aircraft assets positions FTAI with diversified operations across multiple aviation business segments.
NEW YORK, April 30, 2025 (GLOBE NEWSWIRE) -- FTAI Aviation Ltd. (NASDAQ: FTAI) (the “Company” or “FTAI”) today reported financial results for the first quarter 2025. The Company’s consolidated comparative financial statements and key performance measures are attached as an exhibit to this press release.
Financial Overview
| (in thousands, except per share data) | ||
| Selected Financial Results | Q1’25 | |
| Net Income Attributable to Shareholders | $ | 89,944 |
| Basic Earnings per Ordinary Share | $ | 0.88 |
| Diluted Earnings per Ordinary Share | $ | 0.87 |
| Adjusted EBITDA(1) | $ | 268,558 |
_______________________________
(1) For definitions and reconciliations of non-GAAP measures, please refer to the exhibit to this press release.
First Quarter 2025 Dividends
On April 30, 2025, the Company’s Board of Directors (the “Board”) declared a cash dividend on our ordinary shares of
Additionally, on April 30, 2025, the Board declared cash dividends on its Fixed-Rate Reset Series C Cumulative Perpetual Redeemable Preferred Shares (“Series C Preferred Shares”) and Fixed-Rate Reset Series D Cumulative Perpetual Redeemable Preferred Shares (“Series D Preferred Shares”) of
Business Highlights
- Net Income Attributable to Shareholders of
$89.9 million . - Generated
$131 million of Aerospace Products Adjusted EBITDA(1) at a margin of36% . - FTAI’s Module Factory now has over 100 customers worldwide.
- 98 aircraft owned or under letters of intent to be acquired by FTAI’s inaugural Strategic Capital Initiative 2025 partnership as of March 31, 2025.
(1) For definitions and reconciliations of non-GAAP measures, please refer to the exhibit to this press release.
Additional Information
For additional information that management believes to be useful for investors, please refer to the presentation posted on the Investor Center section of the Company’s website, https://www.ftaiaviation.com/, and the Company’s Annual Report on Form 10-K and Quarterly Report on Form 10-Q, when available on the Company’s website. Nothing on the Company’s website is included or incorporated by reference herein.
Conference Call
In addition, management will host a conference call on Thursday, May 1, 2025 at 8:00 A.M. Eastern Time. The conference call may be accessed by registering via the following link https://register-conf.media-server.com/register/BIffe9c7ca08aa49d4bf442b45b495edf6. Once registered, participants will receive a dial-in and unique pin to access the call.
A simultaneous webcast of the conference call will be available to the public on a listen-only basis at https://www.ftaiaviation.com/. Please allow extra time prior to the call to visit the site and download the necessary software required to listen to the internet broadcast.
A replay of the conference call will be available after 11:30 A.M. on Thursday, May 1, 2025 through 11:30 A.M. on Thursday, May 8, 2025 on https://ir.ftaiaviation.com/news-events/presentations/.
The information contained on, or accessible through, any websites included in this press release is not incorporated by reference into, and should not be considered a part of, this press release.
About FTAI Aviation Ltd.
FTAI owns and maintains commercial jet engines with a focus on CFM56 and V2500 engines. FTAI’s propriety portfolio of products, including the Module Factory and a joint venture to manufacture engine PMA, enables it to provide cost savings and flexibility to our airline, lessor, and maintenance, repair, and operations customer base. Additionally, FTAI owns and leases jet aircraft which often facilitates the acquisition of engines at attractive prices. FTAI invests in aviation assets and aerospace products that generate strong and stable cash flows with the potential for earnings growth and asset appreciation.
Cautionary Note Regarding Forward-Looking Statements
Certain statements in this press release may constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including, but not limited to, the ability to close on any aircraft under letters of intent (LOI). These statements are based on management's current expectations and beliefs and are subject to a number of trends and uncertainties that could cause actual results to differ materially from those described in the forward-looking statements, many of which are beyond the Company’s control. The Company can give no assurance that its expectations will be attained and such differences may be material. Accordingly, you should not place undue reliance on any forward-looking statements contained in this press release. For a discussion of some of the risks and important factors that could affect such forward-looking statements, see the sections entitled “Risk Factors” and “Management’s Discussion and Analysis of Financial Condition and Results of Operations” in the Company’s most recent Annual Report on Form 10-K and Quarterly Reports on Form 10-Q, which are available on the Company’s website (www.ftaiaviation.com). In addition, new risks and uncertainties emerge from time to time, and it is not possible for the Company to predict or assess the impact of every factor that may cause its actual results to differ from those contained in any forward-looking statements. Such forward-looking statements speak only as of the date of this press release. The Company expressly disclaims any obligation to release publicly any updates or revisions to any forward-looking statements contained herein to reflect any change in the Company's expectations with regard thereto or change in events, conditions, or circumstances on which any statement is based. This release shall not constitute an offer to sell or the solicitation of an offer to buy any securities.
For further information, please contact:
Alan Andreini
Investor Relations
FTAI Aviation Ltd.
(646) 734-9414
aandreini@ftaiaviation.com
Media
Tim Lynch / Aaron Palash / Kelly Sullivan
Joele Frank, Wilkinson Brimmer Katcher
(212) 355-4449
| Exhibit - Financial Statements | ||||||||
| FTAI AVIATION LTD. CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) (Dollar amounts in thousands, except share and per share data) | ||||||||
| Three Months Ended March 31, | ||||||||
| 2025 | 2024 | |||||||
| Revenues | ||||||||
| Aerospace products revenue (1) | $ | 365,063 | $ | 189,057 | ||||
| Lease income | 68,471 | 53,240 | ||||||
| Maintenance revenue | 49,607 | 45,790 | ||||||
| Asset sales revenue | 18,939 | 38,607 | ||||||
| Total revenues | 502,080 | 326,694 | ||||||
| Expenses | ||||||||
| Cost of sales | 248,714 | 142,804 | ||||||
| Operating expenses | 32,438 | 25,317 | ||||||
| General and administrative | 3,116 | 3,683 | ||||||
| Acquisition and transaction expenses | 7,292 | 6,179 | ||||||
| Management fees and incentive allocation to affiliate | — | 4,895 | ||||||
| Depreciation and amortization | 59,562 | 49,920 | ||||||
| Asset impairment | — | 962 | ||||||
| Total expenses | 351,122 | 233,760 | ||||||
| Other (expense) income | ||||||||
| Interest expense | (62,040 | ) | (47,707 | ) | ||||
| Equity in losses of unconsolidated entities (2) | (7,614 | ) | (667 | ) | ||||
| Other income (3) | 43,941 | 634 | ||||||
| Total other expense | (25,713 | ) | (47,740 | ) | ||||
| Income before income taxes | 125,245 | 45,194 | ||||||
| Provision for income taxes | 22,859 | 5,572 | ||||||
| Net income | 102,386 | 39,622 | ||||||
| Less: Dividends on preferred shares | 6,115 | 8,335 | ||||||
| Less: Loss on redemption of preferred shares | 6,327 | — | ||||||
| Net income attributable to shareholders | $ | 89,944 | $ | 31,287 | ||||
| Earnings per share: | ||||||||
| Basic | $ | 0.88 | $ | 0.31 | ||||
| Diluted | $ | 0.87 | $ | 0.31 | ||||
| Weighted average shares outstanding: | ||||||||
| Basic | 102,552,436 | 100,245,905 | ||||||
| Diluted | 103,159,051 | 100,960,065 | ||||||
______________________________________________________
(1) Includes revenue of
(2) Includes the intra-entity profit elimination of
(3) Includes gain on sale of
| FTAI AVIATION LTD. CONSOLIDATED BALANCE SHEETS (Dollar amounts in thousands, except share and per share data) | ||||||||
| (Unaudited) | ||||||||
| March 31, 2025 | December 31, 2024 | |||||||
| Assets | ||||||||
| Current Assets | ||||||||
| Cash and cash equivalents | $ | 112,133 | $ | 115,116 | ||||
| Accounts receivable, net (1) | 223,504 | 150,823 | ||||||
| Inventory, net | 645,163 | 551,156 | ||||||
| Assets held for sale | 465,725 | — | ||||||
| Other current assets (2) | 423,336 | 408,923 | ||||||
| Total current assets | 1,869,861 | 1,226,018 | ||||||
| Leasing equipment, net | 1,989,367 | 2,373,730 | ||||||
| Property, plant, and equipment, net | 108,054 | 107,451 | ||||||
| Investments | 31,400 | 19,048 | ||||||
| Intangible assets, net | 16,036 | 42,205 | ||||||
| Goodwill | 61,070 | 61,070 | ||||||
| Other non-current assets | 192,356 | 208,430 | ||||||
| Total assets | $ | 4,268,144 | $ | 4,037,952 | ||||
| Liabilities | ||||||||
| Current Liabilities | ||||||||
| Accounts payable | $ | 110,802 | $ | 69,119 | ||||
| Liabilities held for sale | 76,496 | — | ||||||
| Accrued liabilities | 142,098 | 96,910 | ||||||
| Current maintenance deposits | 33,748 | 62,552 | ||||||
| Current security deposits | 19,557 | 18,100 | ||||||
| Other current liabilities | 91,061 | 100,565 | ||||||
| Total current liabilities | 473,762 | 347,246 | ||||||
| Long-term debt, net | 3,642,527 | 3,440,478 | ||||||
| Non-current maintenance deposits | 25,510 | 44,179 | ||||||
| Non-current security deposits | 13,429 | 26,830 | ||||||
| Other non-current liabilities | 84,583 | 97,851 | ||||||
| Total liabilities | $ | 4,239,811 | $ | 3,956,584 | ||||
| Commitments and contingencies | ||||||||
| Equity | ||||||||
| Ordinary shares ( | $ | 1,026 | $ | 1,026 | ||||
| Preferred shares ( | 68 | 117 | ||||||
| Additional paid in capital | (2,044 | ) | 153,328 | |||||
| Retained earnings (accumulated deficit) | 29,283 | (73,103 | ) | |||||
| Shareholders' equity | 28,333 | 81,368 | ||||||
| Total liabilities and equity | $ | 4,268,144 | $ | 4,037,952 | ||||
______________________________________________________
(1) Includes accounts receivable from the 2025 Partnership of
(2) Includes receivables from the 2025 Partnership of
Key Performance Measures
In addition to net income (loss), the Chief Operating Decision Maker (“CODM”) utilizes Adjusted EBITDA as a key performance measure.
Adjusted EBITDA provides the CODM with the information necessary to assess operational performance, as well as make resource and allocation decisions. Adjusted EBITDA is defined as net income (loss) attributable to shareholders, adjusted (a) to exclude the impact of provision for (benefit from) income taxes, equity-based compensation expense, acquisition and transaction expenses, losses on the modification or extinguishment of debt and preferred shares and capital lease obligations, changes in fair value of non-hedge derivative instruments, asset impairment charges, incentive allocations, depreciation and amortization expense, dividends on preferred shares and interest expense, internalization fee to affiliate, (b) to include the impact of our pro-rata share of Adjusted EBITDA from unconsolidated entities and (c) to exclude the impact of equity in earnings (losses) of unconsolidated entities and the non-controlling share of Adjusted EBITDA, if any.
The following table sets forth a reconciliation of net income attributable to shareholders to Adjusted EBITDA for the three months ended March 31, 2025 and 2024:
| Three Months Ended March 31, | Change | ||||||||||
| (in thousands) | 2025 | 2024 | |||||||||
| Net income attributable to shareholders | $ | 89,944 | $ | 31,287 | $ | 58,657 | |||||
| Add: Provision for income taxes | 22,859 | 5,572 | 17,287 | ||||||||
| Add: Equity-based compensation expense | 4,889 | 510 | 4,379 | ||||||||
| Add: Acquisition and transaction expenses | 7,292 | 6,179 | 1,113 | ||||||||
| Add: Losses on the modification or extinguishment of debt and preferred shares and capital lease obligations | 6,327 | — | 6,327 | ||||||||
| Add: Changes in fair value of non-hedge derivative instruments | — | — | — | ||||||||
| Add: Asset impairment charges | — | 962 | (962 | ) | |||||||
| Add: Incentive allocations | — | 4,308 | (4,308 | ) | |||||||
| Add: Depreciation and amortization expense (1) | 68,387 | 59,122 | 9,265 | ||||||||
| Add: Interest expense and dividends on preferred shares | 68,155 | 56,042 | 12,113 | ||||||||
| Add: Pro-rata share of Adjusted EBITDA from unconsolidated entities (2) | 41 | (548 | ) | 589 | |||||||
| Less: Equity in losses of unconsolidated entities (3) | 664 | 667 | (3 | ) | |||||||
| Less: Non-controlling share of Adjusted EBITDA | — | — | — | ||||||||
| Adjusted EBITDA (non-GAAP) | $ | 268,558 | $ | 164,101 | $ | 104,457 | |||||
________________________________________________________
(1) Includes the following items for the three months ended March 31, 2025 and 2024: (i) depreciation and amortization expense of
(2) Includes the following items for the three months ended March 31, 2025 and 2024: (i) net loss of
(3) Excludes the intra-entity profit elimination of
In addition, the following table sets forth a reconciliation of net income attributable to shareholders to Adjusted EBITDA for Aerospace Products for the three months ended March 31, 2025 and 2024:
| Three Months Ended March 31, | Change | |||||||||||
| (in thousands) | 2025 | 2024 | ||||||||||
| Net income attributable to shareholders | $ | 106,643 | $ | 66,433 | $ | 40,210 | ||||||
| Add: Provision for income taxes | 19,375 | 2,539 | 16,836 | |||||||||
| Add: Equity-based compensation expense | 155 | 70 | 85 | |||||||||
| Add: Acquisition and transaction expenses | 1,132 | 246 | 886 | |||||||||
| Add: Losses on the modification or extinguishment of debt and preferred shares and capital lease obligations | — | — | — | |||||||||
| Add: Changes in fair value of non-hedge derivative instruments | — | — | — | |||||||||
| Add: Asset impairment charges | — | — | — | |||||||||
| Add: Incentive allocations | — | — | — | |||||||||
| Add: Depreciation and amortization expense | 3,584 | 933 | 2,651 | |||||||||
| Add: Interest expense and dividends on preferred shares | — | — | — | |||||||||
| Add: Pro-rata share of Adjusted EBITDA from unconsolidated entities (1) | 169 | (465 | ) | 634 | ||||||||
| Less: Equity in (earnings) losses of unconsolidated entities | (113 | ) | 521 | (634 | ) | |||||||
| Less: Non-controlling share of Adjusted EBITDA | — | — | — | |||||||||
| Adjusted EBITDA (non-GAAP) | $ | 130,945 | $ | 70,277 | $ | 60,668 | ||||||
________________________________________________________
(1) Includes the following items for the three months ended March 31, 2025 and 2024: (i) net income (loss) of
FAQ
What is FTAI's Q1 2025 dividend payment and when is the payment date?
How much profit did FTAI Aviation make in Q1 2025?
What is FTAI's Aerospace Products performance in Q1 2025?
How many aircraft does FTAI's Strategic Capital Initiative 2025 include?
What is FTAI's preferred shares dividend for Q1 2025?
