CALC declares full year dividend

China Aircraft Leasing Group (CALC) reported full year 2024 revenues of HK$5.2bn ($669.2 million), up 9.2% on 2023. Profit for the year increased from HK$220.2 million ($28.3 million) in 2023 to HK$325.6 million ($41.9 million) in 2024. EBITDA increased 15.1% to HK$5bn ($643.4 million). 

On the back of its strong results, the company declared a final dividend of 18 cents ($0.023) per share, with a total dividend payout for the year totalling 30 cents ($0.039) per share. 

“Riding on strong market momentum, the group grasped opportunities emerged during the year, achieving substantial progress across multiple business segments and recorded 18 consecutive years of profitability,” CALC CEO and executive director Mike Poon. “During the year, we have refined CALC's competitive edge in the market through active leasing and trading activities, making good progress in financing as well.”

Total lease income was HK$4.3bn ($553.7 million), up from HK$4.2bn ($553.4 million). Expenses were up from HK$4.2bn ($553.4 million) to HK$4.9bn ($630.3 million) in 2024.

As of the end of the year, the company's fleet size reached 189 aircraft, including 159 owned and 30 managed. Around 90% of the fleet were narrowbodies. CALC had a total of 124 aircraft on backlog, including 97 Airbus and 27 COMAC aircraft. 

For 2025, Poon said the company will “capitalise on various business opportunities" provided by the continued global aircraft shortage. He added the company will “closely monitor changes in onshore and offshore interest rate environments”.

Assets totalled HK$58.3bn ($7.5bn) as of the end of last year. Equity totalled HK$5.3bn ($682 million).