China Aircraft Leasing Group (CALC) reported strong interim results for the first half of 2025, with adjusted net profit reaching HK$300 million ($38.5 million). The company's profit climbed 6.7% to HK$140.5 million ($18 million).
The lessor's operating profit climbed 75.9% to HK$481 million ($61.6 million). Revenues dipped slightly from HK$2.5bn ($321.3 million) down to HK$2.4bn ($308.3 million).
“In the first half of 2024, CALC capitalised on market opportunities while maintaining a prudent strategy, delivering solid operational and financial results,” said CALC CEO and executive director Mike Poon. “We adhered to a disciplined fleet strategy, actively optimising our asset portfolio through trading activities and partnerships with leading global airlines.”
CALC's board declared an interim dividend of HK$0.12 per share, totalling HK$89.8 million ($11.5 million).
During the six month period, the lessor entered into 21 aircraft sale and purchase agreements, intents of intents, as well as 38 aircraft lease agreements and letters of intent. The company completed the sale of 19 aircraft and two engines.
The group delivered a total of 10 new aircraft and one used aircraft to airline customers. As of the end of June, there were a total of 181 aircraft in the group's fleet, including 151 owned aircraft and 30 managed aircraft. Additionally, the company had a total of 114 aircraft on backlog, including 88 Airbus and 26 COMAC aircraft.
During the first half of the year, the lessor secured over HK$10bn ($1.28bn) in new and renewed facilities through initiatives including the upsize of its warehouse facility for aircraft financing and the issuance of lower-interest RMB bonds.
As of June 30, 2025, the company's total balance of cash and cash equivalents as well as undrawn borrowing facilities amounted to HK$16.1bn ($2.06bn).