Revenue: As of FY2025 Q4, the actual value is USD 662.03 M.

EPS: As of FY2025 Q4, the actual value is USD 1.08.

EBIT: As of FY2025 Q4, the actual value is USD 195.08 M.

Financial Performance

Net Income Attributable to Shareholders

• For the fourth quarter of 2025, net income attributable to shareholders was $111,852 thousand, increasing from $86,692 thousand in the fourth quarter of 2024.
• For the full year 2025, net income attributable to shareholders was $477,494 thousand, a significant increase from - $32,079 thousand for the full year 2024.

Adjusted EBITDA (non-GAAP)

• Adjusted EBITDA for the fourth quarter of 2025 was $277,178 thousand, up from $252,015 thousand in the same period of 2024.
• For the full year 2025, Adjusted EBITDA reached $1,190,922 thousand, compared to $862,050 thousand for the full year 2024.
• Aerospace Products Adjusted EBITDA for FY2025 was $671,252 thousand, an annual increase of 76% versus FY 2024 ($380,636 thousand).

Segment Revenue Breakdown (Full Year 2025 vs. 2024)

• Aerospace products revenue was $1,600,456 thousand in 2025, up from $1,079,821 thousand in 2024.
• MRE Contract revenue was $335,788 thousand in 2025, with no comparable revenue in 2024.
• Lease income was $235,210 thousand in 2025, down from $255,338 thousand in 2024.
• Maintenance revenue was $218,499 thousand in 2025, up from $200,809 thousand in 2024.
• Asset sales revenue was $106,945 thousand in 2025, down from $192,176 thousand in 2024.
• Other revenue was $10,511 thousand in 2025, up from $6,757 thousand in 2024.

Operating Costs (Full Year 2025 vs. 2024)

• Cost of sales was $1,349,719 thousand in 2025, up from $825,884 thousand in 2024.
• Operating expenses were $152,541 thousand in 2025, up from $115,861 thousand in 2024.
• General and administrative expenses were $9,478 thousand in 2025, down from $14,263 thousand in 2024.
• Acquisition and transaction expenses were $28,587 thousand in 2025, down from $32,296 thousand in 2024.
• Depreciation and amortization was $225,797 thousand in 2025, up from $218,064 thousand in 2024.
• Total expenses were $1,766,122 thousand in 2025, up from $1,497,074 thousand in 2024.

Other Key Metrics

• Interest expense for the full year was - $247,751 thousand in 2025, compared to - $221,721 thousand in 2024.
• Equity in earnings (losses) of unconsolidated entities for the full year was - $6,818 thousand in 2025, compared to - $2,200 thousand in 2024.
• Gain (loss) on sale to the 2025 Partnership for the full year was $46,380 thousand in 2025, with no comparable amount in 2024.
• Cash and cash equivalents were $300,476 thousand as of December 31, 2025, compared to $115,116 thousand as of December 31, 2024.
• Inventory, net, was $1,193,773 thousand as of December 31, 2025, compared to $551,156 thousand as of December 31, 2024.
• Long-term debt, net, was $3,448,891 thousand as of December 31, 2025, compared to $3,440,478 thousand as of December 31, 2024.
• The company increased its quarterly dividend from $0.35 to $0.40 per share for the quarter ended December 31, 2025.

Free Cash Flow

• The company reported continued strong free cash flow generation.

Outlook / Guidance

FTAI Aviation Ltd. updated its Business Segment 2026 Adjusted EBITDA guidance to $1.625 billion, an increase from $1.525 billion, with $1.05 billion from Aerospace Products and $575 million from Aviation Leasing. The company anticipates the first Aeroderivative product, FTAI Mod-1, to be delivered by Q4 2026, with planned production of 100 units in 2027.