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Press Release

27

Aug

2025

CALC Announces 2025 Interim Results
Adjusted Net Profit Tops 300M; Supported by Robust Trading and Quality Clientele

(Hong Kong, 27 Aug 2025) - China Aircraft Leasing Group Holdings Limited ("CALC" or the "Company", together with its subsidiaries, the "Group"; SEHK stock code: 01848), a full value chain aircraft solutions provider for the global aviation industry, is pleased to announce its unaudited interim results for the six months ended 30 June 2025 (the "Review Period").

 

Results Overview

(For the six months ended 30 June 2025)

  • During the Review Period, the Group’s total revenue was HK$2,405.2 million (1H2024: 2,528.1million).
  • Profit attributable to shareholders of the Company for the Review Period amounted to HK$140.5 million (1H 2024: HK$131.7 million), representing a year-on-year increase of 6.7%. Excluding foreign exchange effects, the Company’s adjusted profit attributable to shareholders surged to HK$300 million.
  • During the Review Period, the Company recorded operating profit of HK$481.0 million (1H2024: HK$273.5 million), representing a strong year-on-year growth of 75.9%.
  • Earnings per share increased to HK$0.189 (1H 2024: HK$0.177).
  • The Board has resolved to declare an interim dividend of HK$0.12 per ordinary share, totaling HK$89.8 million.

 

Operational Highlights

(For the six months ended 30 June 2025)

  • Record-high aircraft transactions. During the Review Period, leveraging its global trading network, the Group entered into 21 aircraft sale and purchase agreements/letters of intent and 38 aircraft lease agreements/letters of intent, while successfully completing the sale of 19 aircraft and 2 engines, marking a new record for aircraft transactions during the same period.

 

  • Maintaining a quality fleet portfolio. During the Review Period, the Group delivered a total of 10 new aircraft and 1 used aircraft to airline customers, the majority of which were Airbus new-generation fuel-efficient models. As at 30 June 2025, there were a total of 181 aircraft in the Group’s fleet, including 151 owned aircraft and 30 managed aircraft. By number of aircraft, 89% of the owned fleet were narrow-body models, a highly liquid and in-demand asset class in the market. Except one aircraft involving a Russian airline, the utilization rate for the Group’s owned fleet reached 100% as at 30 June 2025.

 

  • Strong order book underpins future growth. As at 30 June 2025, the Group had a total of 114 aircraft on backlog, including 88 Airbus and 26 COMAC aircraft. As at 30 June 2025, the number of aircraft on backlog exceeded 70% of the Group’s owned fleet size, providing strong support for future growth.

 

  • Accelerate globalization and focus on high-quality customer base. During the first half of 2025, the Group continued to expand its global quality clientele with overseas customers accounting for more than 30%.
  • The Group has established its partnership with global top-tier airlines such as United Airlines, Korean Air and Thai Airways through new aircraft leasing as well as re-marketing upon first lease expiry. As at 30 June 2025, the Group’s customer base had been enlarged to 41 airlines spread over 22 countries and regions.

 

  • Strengthened financing capabilities. The Group has established its onshore and offshore dual-market platforms with diversified financing channels to ensure sufficient liquidity while persistently optimizing its debt structure. During the Review Period, the Group secured exceeded HK$10 billion 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. Meanwhile, as the global market entered an interest rate cut cycle, the Group seized the opportunity to re-enter the USD bond public market, thereby further enhancing the flexibility of its USD funding deployment. As at 30 June 2025, the total balance of cash and cash equivalents as well as undrawn borrowing facilities amounted to HK$16,112 million.

 

  • Two years of smooth operation of China-made aircraft, earning market recognition. During the Review Period, the Group delivered the fourth China-made C909 aircraft to its associate airline, TransNusa. In the same period, TransNusa launched C909 service on the Manado–Shanghai Pudong route, further underscoring the aircraft model’s commercialization progress and growing international recognition. During the Review Period, the airline marked the second year of the safe operation of its C909 fleet, which has connected 20 cities across 4 countries and regions, carrying over 360,000 passengers to date. Looking ahead, the Group expects to continuously support TransNusa in operating the C909 fleet, to contribute to China’s aviation development.

 

Mr. Mike Poon, Executive Director and CEO of CALC said, “In the first half of 2024, CALC capitalized on market opportunities while maintaining a prudent strategy, delivering solid operational and financial results. We adhered to a disciplined fleet strategy, actively optimizing our asset portfolio through trading activities and partnerships with leading global airlines. At the same time, we strengthened our financing capabilities, continuously refined our capital structure, and pursued a balanced approach to delivering shareholder returns. Looking ahead to the second half of the year, we remain confident in sustaining high-quality growth, enabling CALC to seize emerging opportunities and navigate the dynamic aviation landscape.”

 

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Media Contact

China Aircraft Leasing Group Holdings Limited

Corporate Communications Department