BOC Aviation reported a net profit after tax of $342 million for the first half of 2025. The company said this represented a growth of 20% in core profits was a record, excluding non-recurring items in the first half of last year.
Total revenues and other income rose 6% to $1.2bn, with all business lines seeing improvement during the period.
Total assets grew to $25.6bn and total equity increased 2% to $6.5bn during the six months. The company also placed its largest ever order for new aircraft during the period, consisting of 70 A320neos and 50 737-8 jets. This took its orderbook to a total of 351 aircraft.
The lessor declared an interim dividend of $0.1476 per share, which represents 30% of its net profit after tax.
“We recorded our highest ever core first-half earnings, driven by rising demand in all our key businesses,” said BOC Aviation CEO and managing director Steven Townend.
The company's operating cash flow net of interest was a record $1bn, up 10% compared to last year's first half. As of the end of the period, the company has a liquidity of $6.1bn. Townend said the company is “well placed” to achieve its target asset base of $40bn by 2030.