Singapore's BOC Aviation H1 revenue, profit rise on higher lease rental income

BOC Aviation

20/08/2026 10:15

Overview
Singapore aircraft lessor's H1 revenue rose 4% yr/yr to $1.3 bln
Net profit after tax for H1 increased 4% yr/yr to $357 mln
Company declared higher interim dividend, reflecting increased earnings and payout ratio

Outlook
BOC Aviation remains on track to achieve at least 49 aircraft deliveries in 2026
Company expects aviation demand to continue growing, with access to aircraft remaining tight
Company says airline profitability likely to remain challenged by lower traffic growth and higher jet fuel prices

Result Drivers
LEASE RENTAL INCOME - Co said higher lease rental income was driven by fleet growth and increased lease yields
INTEREST AND FEE INCOME - Co attributed higher other interest and fee income to increased pre-delivery payment transactions
AIRCRAFT SALES - Co said net gain on sale of aircraft rose due to higher profits per aircraft sold

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
H1 Revenue
 
$1.3 bln
 
H1 Net profit after tax
 
$357 mln
 

Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 11 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"
The average consensus recommendation for the corporate financial services peer group is "buy"
Wall Street's median 12-month price target for BOC Aviation Ltd is HK$93.00, about 19.3% above its August 20 closing price of HK$77.95
The stock recently traded at 8 times the next 12-month earnings vs. a P/E of 8 three months ago

Reuters Recommended Reads
Aug 18 - Air New Zealand taps former Air India CEO Campbell Wilson for board
Aug 18 - Australia's Alliance Aviation taps veteran Steven Greenway as CEO
Aug 19 - Austria's FACC H1 revenue rises on high global demand for new commercial aircraft

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Press Release s3://eap-prd-eu-west-1-source-content/eap_feed_proxy/fingerpost/HKSW/2026-08-20/692ffdb0-fdb4-4df9-8687-99f0107e0a29.file
(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.)