BOC Aviation announced a significant financial milestone for 2025, reporting a net profit after tax of US$787 million. The airline leasing company highlighted an 18% increase in underlying earnings, reaching US$746 million, supported by robust aircraft deliveries and investments aligned with its strategic growth objectives.
Throughout the year, BOC Aviation exceeded its investment targets, committing US$4.2 billion in new capital expenditures. The company acquired 160 aircraft and ended the year with an orderbook of 337 aircraft, reflecting a strong expansion in its fleet and asset base.
Financial Outlook and Business Performance
Steven Townend, CEO and Managing Director, stated that the company achieved its investment goals and maintained a healthy liquidity position to support future growth. The total assets increased to US$26.3 billion, supported by US$4.3 billion in new debt issuance and a maintained liquidity of US$6.9 billion. BOC Aviation’s fleet comprises 815 aircraft and engines, with an average age of 5.0 years and lease terms averaging 7.8 years.
"Looking ahead, we have our largest-ever orderbook and the largest liquidity reserves, setting a strong foundation for continued growth,"
said Steven Townend.
The company's operational achievements include maintaining 100% utilization of its owned aircraft fleet throughout 2025 and executing 333 transactions, including aircraft acquisitions, deliveries, and sales. The company also declared a final dividend of US$0.3061 per share, bringing the total for the year to US$0.4537, representing 40% of net profits.
This financial performance underscores BOC Aviation’s position as a leading aircraft leasing provider with a diversified fleet and strategic investment approach, positioning it well for future growth amid a global aviation market recovery.
