UK's Avation plc HY operating profit rises; expects four aircraft deliveries in 2026

Avation

26/02/2026 07:59

Overview

Aircraft leasing firm's revenue rose slightly to $56 mln for six months ended Dec 2025

Operating profit for six months ended Dec 2025 increased to $29.3 mln

Company issued $300 mln unsecured notes in Nov 2025 to refinance existing debt

Outlook

Avation plans to expand fleet with nine ATR 72-600 deliveries by Q2 2028

Company expects four new aircraft deliveries this year

Avation sees continued demand for leased aircraft amid constrained supply

Result Drivers

LEASE EXTENSIONS - Avation extended lease agreements, including a four-year extension with EVA Air for an Airbus A330-300, indicating strong demand for leased aircraft

AIRCRAFT ACQUISITION - Avation acquired a new ATR 72-600 aircraft, placed on a 12-year lease with Korean airline Sum Air, contributing to fleet growth

DEBT REFINANCING - Issuance of $300 mln unsecured notes in Nov 2025 helped refinance existing debt, improving capital structure stability

Company press release: ID:nRSZ5209Ua

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
H1 Revenue
$55.55 mln
H1 Net Income
-$4.90 mln
H1 Operating Income
$29.26 mln
H1 Pretax Profit
-$5.68 mln


Analyst Coverage

The one available analyst rating on the shares is "buy"

The stock recently traded at 13 times the next 12-month earnings vs. a P/E of 13 three months ago

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)