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FTAI Aviation Ltd. Reports First Quarter 2025 Results, Declares Dividend of $0.30 per Ordinary Share

1. FTAI's Q1 2025 net income reached $89.9 million. 2. Earnings per share increased significantly to $0.88. 3. Dividends of $0.30 per share declared for Q1 2025. 4. Aerospace Products Adjusted EBITDA of $131 million with 36% margin. 5. FTAI aims to acquire 98 aircraft under letters of intent.

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Why Bullish?

Significant revenue growth and net income improvement suggest strong business performance. Similar past earnings reports often led to stock price increases.

How important is it?

The earnings announcements and dividend declarations directly impact investor sentiment and stock valuation.

Why Short Term?

Immediate positive market reaction likely due to earnings announcement and dividend declaration.

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AALLUVDALBAGE
NEW YORK, April 30, 2025 (GLOBE NEWSWIRE) -- FTAI Aviation Ltd. (NASDAQ: FTAI) (the “Company” or “FTAI”) today reported financial results for the first quarter 2025. The Company’s consolidated comparative financial statements and key performance measures are attached as an exhibit to this press release. Financial Overview (in thousands, except per share data)Selected Financial ResultsQ1’25Net Income Attributable to Shareholders$89,944Basic Earnings per Ordinary Share$0.88Diluted Earnings per Ordinary Share$0.87Adjusted EBITDA(1)$268,558 _______________________________(1) For definitions and reconciliations of non-GAAP measures, please refer to the exhibit to this press release. First Quarter 2025 Dividends On April 30, 2025, the Company’s Board of Directors (the “Board”) declared a cash dividend on our ordinary shares of $0.30 per share for the quarter ended March 31, 2025, payable on May 23, 2025 to the holders of record on May 16, 2025. Additionally, on April 30, 2025, the Board declared cash dividends on its Fixed-Rate Reset Series C Cumulative Perpetual Redeemable Preferred Shares (“Series C Preferred Shares”) and Fixed-Rate Reset Series D Cumulative Perpetual Redeemable Preferred Shares (“Series D Preferred Shares”) of $0.51563 and $0.59375 per share, respectively, for the quarter ended March 31, 2025, payable on May 19, 2025 to the holders of record on May 12, 2025. Business Highlights Net Income Attributable to Shareholders of $89.9 million.Generated $131 million of Aerospace Products Adjusted EBITDA(1) at a margin of 36%.FTAI’s Module Factory now has over 100 customers worldwide. 98 aircraft owned or under letters of intent to be acquired by FTAI’s inaugural Strategic Capital Initiative 2025 partnership as of March 31, 2025. (1)  For definitions and reconciliations of non-GAAP measures, please refer to the exhibit to this press release. Additional Information For additional information that management believes to be useful for investors, please refer to the presentation posted on the Investor Center section of the Company’s website, https://www.ftaiaviation.com/, and the Company’s Annual Report on Form 10-K and Quarterly Report on Form 10-Q, when available on the Company’s website. Nothing on the Company’s website is included or incorporated by reference herein. Conference Call In addition, management will host a conference call on Thursday, May 1, 2025 at 8:00 A.M. Eastern Time. The conference call may be accessed by registering via the following link https://register-conf.media-server.com/register/BIffe9c7ca08aa49d4bf442b45b495edf6. Once registered, participants will receive a dial-in and unique pin to access the call. A simultaneous webcast of the conference call will be available to the public on a listen-only basis at https://www.ftaiaviation.com/. Please allow extra time prior to the call to visit the site and download the necessary software required to listen to the internet broadcast. A replay of the conference call will be available after 11:30 A.M. on Thursday, May 1, 2025 through 11:30 A.M. on Thursday, May 8, 2025 on https://ir.ftaiaviation.com/news-events/presentations/. The information contained on, or accessible through, any websites included in this press release is not incorporated by reference into, and should not be considered a part of, this press release. About FTAI Aviation Ltd. FTAI owns and maintains commercial jet engines with a focus on CFM56 and V2500 engines. FTAI’s propriety portfolio of products, including the Module Factory and a joint venture to manufacture engine PMA, enables it to provide cost savings and flexibility to our airline, lessor, and maintenance, repair, and operations customer base. Additionally, FTAI owns and leases jet aircraft which often facilitates the acquisition of engines at attractive prices. FTAI invests in aviation assets and aerospace products that generate strong and stable cash flows with the potential for earnings growth and asset appreciation. Cautionary Note Regarding Forward-Looking Statements Certain statements in this press release may constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including, but not limited to, the ability to close on any aircraft under letters of intent (LOI). These statements are based on management's current expectations and beliefs and are subject to a number of trends and uncertainties that could cause actual results to differ materially from those described in the forward-looking statements, many of which are beyond the Company’s control. The Company can give no assurance that its expectations will be attained and such differences may be material. Accordingly, you should not place undue reliance on any forward-looking statements contained in this press release. For a discussion of some of the risks and important factors that could affect such forward-looking statements, see the sections entitled “Risk Factors” and “Management’s Discussion and Analysis of Financial Condition and Results of Operations” in the Company’s most recent Annual Report on Form 10-K and Quarterly Reports on Form 10-Q, which are available on the Company’s website (www.ftaiaviation.com). In addition, new risks and uncertainties emerge from time to time, and it is not possible for the Company to predict or assess the impact of every factor that may cause its actual results to differ from those contained in any forward-looking statements. Such forward-looking statements speak only as of the date of this press release. The Company expressly disclaims any obligation to release publicly any updates or revisions to any forward-looking statements contained herein to reflect any change in the Company's expectations with regard thereto or change in events, conditions, or circumstances on which any statement is based. This release shall not constitute an offer to sell or the solicitation of an offer to buy any securities. For further information, please contact: Alan AndreiniInvestor RelationsFTAI Aviation Ltd.(646) 734-9414aandreini@ftaiaviation.com Media Tim Lynch / Aaron Palash / Kelly SullivanJoele Frank, Wilkinson Brimmer Katcher(212) 355-4449   Exhibit - Financial StatementsFTAI AVIATION LTD.CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited)(Dollar amounts in thousands, except share and per share data)    Three Months Ended March 31,   2025   2024 Revenues    Aerospace products revenue (1) $365,063  $189,057 Lease income  68,471   53,240 Maintenance revenue  49,607   45,790 Asset sales revenue  18,939   38,607 Total revenues  502,080   326,694      Expenses    Cost of sales  248,714   142,804 Operating expenses  32,438   25,317 General and administrative  3,116   3,683 Acquisition and transaction expenses  7,292   6,179 Management fees and incentive allocation to affiliate  —   4,895 Depreciation and amortization  59,562   49,920 Asset impairment  —   962 Total expenses  351,122   233,760      Other (expense) income    Interest expense  (62,040)  (47,707)Equity in losses of unconsolidated entities (2)  (7,614)  (667)Other income (3)  43,941   634 Total other expense  (25,713)  (47,740)Income before income taxes  125,245   45,194 Provision for income taxes  22,859   5,572 Net income  102,386   39,622 Less: Dividends on preferred shares  6,115   8,335 Less: Loss on redemption of preferred shares  6,327   — Net income attributable to shareholders $89,944  $31,287      Earnings per share:    Basic $0.88  $0.31 Diluted $0.87  $0.31      Weighted average shares outstanding:    Basic  102,552,436   100,245,905 Diluted  103,159,051   100,960,065  ______________________________________________________ (1) Includes revenue of $100,638 and $0 for the three months ended March 31, 2025 and 2024, respectively, for sales to the 2025 Partnership. (2) Includes the intra-entity profit elimination of $(6,950) and $0 for the three months ended March 31, 2025 and 2024, respectively, for sales to the 2025 Partnership within the Aerospace Products segment. (3) Includes gain on sale of $10,870 and $0 for the three months ended March 31, 2025 and 2024, respectively, for sales to the 2025 Partnership within the Aviation Leasing segment.   FTAI AVIATION LTD.CONSOLIDATED BALANCE SHEETS (Dollar amounts in thousands, except share and per share data)   (Unaudited)    March 31, 2025 December 31, 2024Assets    Current Assets    Cash and cash equivalents $112,133  $115,116 Accounts receivable, net (1)  223,504   150,823 Inventory, net  645,163   551,156 Assets held for sale  465,725   — Other current assets (2)  423,336   408,923 Total current assets  1,869,861   1,226,018 Leasing equipment, net  1,989,367   2,373,730 Property, plant, and equipment, net  108,054   107,451 Investments  31,400   19,048 Intangible assets, net  16,036   42,205 Goodwill  61,070   61,070 Other non-current assets  192,356   208,430 Total assets $4,268,144  $4,037,952      Liabilities    Current Liabilities    Accounts payable $110,802  $69,119 Liabilities held for sale  76,496   — Accrued liabilities  142,098   96,910 Current maintenance deposits  33,748   62,552 Current security deposits  19,557   18,100 Other current liabilities  91,061   100,565 Total current liabilities  473,762   347,246 Long-term debt, net  3,642,527   3,440,478 Non-current maintenance deposits  25,510   44,179 Non-current security deposits  13,429   26,830 Other non-current liabilities  84,583   97,851 Total liabilities $4,239,811  $3,956,584      Commitments and contingencies         Equity    Ordinary shares ($0.01 par value per share; 2,000,000,000 shares authorized; 102,555,975 and 102,550,975 shares issued and outstanding as of March 31, 2025 and December 31, 2024, respectively) $1,026  $1,026 Preferred shares ($0.01 par value per share; 200,000,000 shares authorized; 6,800,000 and 11,740,000 shares issued and outstanding as of March 31, 2025 and December 31, 2024, respectively)  68   117 Additional paid in capital  (2,044)  153,328 Retained earnings (accumulated deficit)  29,283   (73,103)Shareholders' equity  28,333   81,368 Total liabilities and equity $4,268,144  $4,037,952  ______________________________________________________ (1) Includes accounts receivable from the 2025 Partnership of $69,140 and $0 as of March 31, 2025 and December 31, 2024, respectively. (2) Includes receivables from the 2025 Partnership of $34,110 and $0 as of March 31, 2025 and December 31, 2024, respectively. Key Performance Measures In addition to net income (loss), the Chief Operating Decision Maker (“CODM”) utilizes Adjusted EBITDA as a key performance measure. Adjusted EBITDA provides the CODM with the information necessary to assess operational performance, as well as make resource and allocation decisions. Adjusted EBITDA is defined as net income (loss) attributable to shareholders, adjusted (a) to exclude the impact of provision for (benefit from) income taxes, equity-based compensation expense, acquisition and transaction expenses, losses on the modification or extinguishment of debt and preferred shares and capital lease obligations, changes in fair value of non-hedge derivative instruments, asset impairment charges, incentive allocations, depreciation and amortization expense, dividends on preferred shares and interest expense, internalization fee to affiliate, (b) to include the impact of our pro-rata share of Adjusted EBITDA from unconsolidated entities and (c) to exclude the impact of equity in earnings (losses) of unconsolidated entities and the non-controlling share of Adjusted EBITDA, if any. The following table sets forth a reconciliation of net income attributable to shareholders to Adjusted EBITDA for the three months ended March 31, 2025 and 2024:    Three Months Ended March 31, Change(in thousands)  2025  2024  Net income attributable to shareholders $89,944 $31,287  $58,657 Add: Provision for income taxes  22,859  5,572   17,287 Add: Equity-based compensation expense  4,889  510   4,379 Add: Acquisition and transaction expenses  7,292  6,179   1,113 Add: Losses on the modification or extinguishment of debt and preferred shares and capital lease obligations  6,327  —   6,327 Add: Changes in fair value of non-hedge derivative instruments  —  —   — Add: Asset impairment charges  —  962   (962)Add: Incentive allocations  —  4,308   (4,308)Add: Depreciation and amortization expense (1)  68,387  59,122   9,265 Add: Interest expense and dividends on preferred shares  68,155  56,042   12,113 Add: Pro-rata share of Adjusted EBITDA from unconsolidated entities (2)  41  (548)  589 Less: Equity in losses of unconsolidated entities (3)  664  667   (3)Less: Non-controlling share of Adjusted EBITDA  —  —   — Adjusted EBITDA (non-GAAP) $268,558 $164,101  $104,457  ________________________________________________________ (1) Includes the following items for the three months ended March 31, 2025 and 2024: (i) depreciation and amortization expense of $59,562 and $49,920, (ii) lease intangible amortization of $3,206 and $3,976 and (iii) amortization for lease incentives of $5,619 and $5,226, respectively. (2) Includes the following items for the three months ended March 31, 2025 and 2024: (i) net loss of $664 and $667, (ii) depreciation and amortization expense of $158 and $119, and (iii) acquisition and transaction expenses of $547 and $0, respectively. (3) Excludes the intra-entity profit elimination of $6,950 and $0 for the three months ended March 31, 2025 and 2024, respectively, for sales to the 2025 Partnership within the Aerospace Products segment. In addition, the following table sets forth a reconciliation of net income attributable to shareholders to Adjusted EBITDA for Aerospace Products for the three months ended March 31, 2025 and 2024:    Three Months Ended March 31, Change(in thousands)  2025   2024  Net income attributable to shareholders $106,643  $66,433  $40,210 Add: Provision for income taxes  19,375   2,539   16,836 Add: Equity-based compensation expense  155   70   85 Add: Acquisition and transaction expenses  1,132   246   886 Add: Losses on the modification or extinguishment of debt and preferred shares and capital lease obligations  —   —   — Add: Changes in fair value of non-hedge derivative instruments  —   —   — Add: Asset impairment charges  —   —   — Add: Incentive allocations  —   —   — Add: Depreciation and amortization expense  3,584   933   2,651 Add: Interest expense and dividends on preferred shares  —   —   — Add: Pro-rata share of Adjusted EBITDA from unconsolidated entities (1)  169   (465)  634 Less: Equity in (earnings) losses of unconsolidated entities  (113)  521   (634)Less: Non-controlling share of Adjusted EBITDA  —   —   — Adjusted EBITDA (non-GAAP) $130,945  $70,277  $60,668  ________________________________________________________ (1) Includes the following items for the three months ended March 31, 2025 and 2024: (i) net income (loss) of $113 and $(521), and (ii) depreciation and amortization expense of $56 and $56, respectively.

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