2nd Oct 2025 13:08
(Alliance News) - Avation PLC on Thursday reported a "year of consolidation", as it posted revenue gains but saw its bottom line hurt by unrealised losses.
The Singapore-based commercial aircraft leasing company reported a pretax loss from continuing operations of USD9.7 million for the financial year that ended June 30, swinging from USD30.0 million in profit a year earlier.
Revenue however rose 19% to USD110.1 million from USD92.4 million, as lease rental revenue edged up 2.5% to USD89.9 million from USD87.7 million, and maintenance reserves revenue multiplied to USD22.1 million from USD5.4 million.
The weaker bottom line amid the improved revenue is owed to a swing to an unrealised loss on aircraft purchase rights and pre-delivery aircraft deposits paid of USD21.6 million, from a USD46.9 million gain a year prior.
The company declared an interim dividend of 1.0 US cents per share for financial 2025. Its final dividend for financial 2024 stood at 0.5 pence.
Shares in the company were trading flat on Thursday afternoon in London at 162.50 pence. They are up 19% over the past 12 months.
Looking ahead, the company said it plans to growth the business in a "prudent" and "strategic manner". aviation said the first two of the 10 new ATR 72-600 aircraft on order have been placed with new customers, wit it confident in placing the remaining orders in a "timely manner".
"The financial year ended 30 June 2025 was a period of consolidation for Avation. The fleet performed well with all aircraft on lease throughout the period," said Executive Chair Jeff Chatfield.
By Christopher Ward, Alliance News reporter
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