BOC Aviation Reports First Half 2025 Net Profit of $342 Million or $0.49 per Share
- Joe Breitfeller
- 5 hours ago
- 2 min read
BOC Aviation Limited has reported a first half (H1) 2025 net profit of $342 million or $0.49 per share on a year-over-year increase in revenue of 6.0 percent to $1.2 billion.
On Thursday (August 21, 2025), BOC Aviation Limited reported their first half (H1) financial results for the period ending June 30, 2025. The aircraft lessor reported a H1 2025 net profit of $342 million or $0.49 per share on a 6.0 percent year-over-year increase in revenue to $1.2 billion. At June 30, 2025, BOC’s total assets increased to $25.6 billion, with net assets totaling $6.5 billion. The company ended the period with $533 million in cash and cash equivalents, and $5.5 billion in undrawn committed credit facilities. The company’s Board has declared a H1 2025 interim dividend of $0.1476 per share.
In Thursday’s announcement, BOC Aviation’s Managing Director, Steven Townend, said,
“We recorded our highest ever core first-half earnings, driven by rising demand in all our key businesses. Operating cash flow net of interest was a record US$1.0 billion and increased 10% compared with the first half of last year. Our 351 aircraft orderbook is one of the largest of any aircraft lessor and will provide the core of our future growth. Combined with total available liquidity of US$6.1 billion, we are well placed to achieve our target asset base of US$40 billion by 2030.”
During the first six months of 2025, BOC Aviation placed the largest aircraft order in their history, which included 70 new Airbus A320neo Family aircraft and 50 Boeing 737-8 MAX jets, expanding their total orderbook to 351 aircraft.
At June 30, 2025, BOC Aviation had a total of 834 owned, managed and on order aircraft and engines. At the end of the period, the company’s aircraft had an average age of 5.0 years and the company's 441 owned and aircraft fleet had an average remaining lease term of 7.9 years. During H1 2025, the company took delivery of 24 new aircraft and one engine, and all aircraft scheduled before delivery before May 2027 have been placed with airline customers.
Singapore-based BOC Aviation Limited (HKEX Code: 2588) is a leading global aircraft operating leasing company with a portfolio of 834 owned, managed or ordered engines and aircraft. As of June 30, 2025, the company’s owned and managed fleet was leased to 92 airlines in 45 countries and territories. In addition to their Singapore headquarters, BOC maintains offices in Dublin, London, New York and Tianjin. BOC Aviation Limited is a Member of The Bank of China Group.
Source: BOC Aviation Limited