REG - Avation PLC - TRADING UPDATE AND RESULTS TIMING

AvationAnnouncement

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RNS Number : 3050Y  Avation PLC  08 September 2025

Via  SGXNET

AVATION PLC

("Avation" or "the Company")

 

TRADING UPDATE AND RESULTS TIMING

Avation PLC (LSE: AVAP), the commercial passenger aircraft leasing company,
provides the following trading update as at 8 September 2025:

Avation expects total revenue for the year-ended 30 June 2025 to be
approximately US$110 million (unaudited).

Quarterly bond repurchases

In the quarter ended 30 June 2025 the Company repurchased US$19.6 million face
amount of Avation Capital S.A. Senior PIK Toggle Notes due 2026 ("Notes").
Since 1 July 2025 the Company has repurchased another US$12.0 million face
value of Notes, reducing the total outstanding amount to US$298.0 million.

 

Credit Ratings and Total net debt repayments

Avation has materially improved its published credit ratings receiving a B1
corporate family rating from Moody's and a B long-term issuer default rating
from Fitch Ratings. Between 30 June 2020 and 30 June 2025, the Company made
net repayments of secured loans amounting to US$377.8 million (unaudited,
excluding foreign exchange impacts) and repurchased US$39.0 million total face
value of Notes.  Total net repayments of debt over the 5-year period were
US$416.8 million

 

Commentary

Avation's Executive Chairman, Jeff Chatfield said: "We have continued to
successfully lease our ATR orderbook to new and existing customer airlines,
have de-risked by contracting a widebody aircraft for sale at a profit and
have expanded our narrowbody fleet. The Company is strongly cash generative.
In the last five years we have repaid over $416m in total debt."

 

Timing for release of results for the year ended 30 June 2025

The Company expects to release its full year results on or around 3 October
2025 with an investor call to be held on the day of release of results.
Specific details of the results release and investor call will be provided
closer to the date.

 

-ENDS-

Enquiries:

Avation PLC - Jeff Chatfield, Executive
Chairman
+65 6252 2077

Avation welcomes shareholder questions and comments and advises the email
address for questions is: investor@avation.net (mailto:investor@avation.net)
and the Company provides an investor Q & A during the conference call
associated with release of results. The head office telephone number is +65
6252 2077.

Notes to Editors:

Avation PLC is a commercial passenger aircraft leasing company, headquartered
in Singapore, owning and managing a fleet of widebody, narrowbody jet and
turboprop aircraft which it leases to airlines across the world. The Company's
customers include 16 commercial airlines in 14 countries. Avation's fleet of
aircraft is currently fully leased and utilised. The Company is listed on the
London Stock Exchange with ticker AVAP.L, more information on Avation is
available at www.avation.net.

 

 

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