--- title: "FTAI Aviation Pref Share FTAIN 8.25 PERP 06/15/26 | 8-K: FY2025 Q4 Revenue: USD 662.03 M" type: "News" locale: "en" url: "https://longbridge.com/en/news/276941334.md" datetime: "2026-02-25T21:31:06.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/276941334.md) - [en](https://longbridge.com/en/news/276941334.md) - [zh-HK](https://longbridge.com/zh-HK/news/276941334.md) --- # FTAI Aviation Pref Share FTAIN 8.25 PERP 06/15/26 | 8-K: FY2025 Q4 Revenue: USD 662.03 M Revenue: As of FY2025 Q4, the actual value is USD 662.03 M. EPS: As of FY2025 Q4, the actual value is USD 1.08. EBIT: As of FY2025 Q4, the actual value is USD 239.93 M. ### Financial Overview (Q4 2025 vs Q4 2024 and Full Year 2025 vs Full Year 2024) #### Net Income Attributable to Shareholders - Net income attributable to shareholders was $111,852 thousand for Q4 2025, up from $86,692 thousand in Q4 2024. For the full year, it increased significantly to $477,494 thousand in FY 2025 from -$32,079 thousand in FY 2024. #### Adjusted EBITDA - Adjusted EBITDA for Q4 2025 was $277,178 thousand, compared to $252,015 thousand in Q4 2024. For the full year, Adjusted EBITDA rose to $1,190,922 thousand in FY 2025 from $862,050 thousand in FY 2024. #### Segment Revenue - **Aerospace products revenue** was $456,139 thousand in Q4 2025 and $1,600,456 thousand for FY 2025, showing growth from $342,095 thousand and $1,079,821 thousand in the respective prior periods. - **MRE Contract revenue** was $106,902 thousand in Q4 2025 and $335,788 thousand for FY 2025, with no revenue recorded in Q4 2024 or FY 2024. - **Lease income** decreased to $49,259 thousand in Q4 2025 from $65,973 thousand in Q4 2024, and for the full year, it was $235,210 thousand in FY 2025, down from $255,338 thousand in FY 2024. - **Maintenance revenue** was $43,418 thousand in Q4 2025, slightly down from $43,915 thousand in Q4 2024, but increased to $218,499 thousand for FY 2025 from $200,809 thousand in FY 2024. - **Asset sales revenue** significantly decreased to $1,630 thousand in Q4 2025 from $46,183 thousand in Q4 2024, and for the full year, it was $106,945 thousand in FY 2025 compared to $192,176 thousand in FY 2024. - **Other revenue** increased to $4,680 thousand in Q4 2025 from $653 thousand in Q4 2024, and for the full year, it was $10,511 thousand in FY 2025, up from $6,757 thousand in FY 2024. - **Total revenues** reached $662,028 thousand in Q4 2025, up from $498,819 thousand in Q4 2024. Full year total revenues were $2,507,409 thousand in FY 2025, an increase from $1,734,901 thousand in FY 2024. #### Operating Costs and Expenses - **Cost of sales** was $368,825 thousand in Q4 2025 and $1,349,719 thousand for FY 2025, compared to $257,727 thousand and $825,884 thousand in the respective prior periods. - **Operating expenses** increased to $46,683 thousand in Q4 2025 from $34,587 thousand in Q4 2024, and for the full year, they were $152,541 thousand in FY 2025, up from $115,861 thousand in FY 2024. - **General and administrative expenses** decreased to $2,091 thousand in Q4 2025 from $3,566 thousand in Q4 2024, and for the full year, they were $9,478 thousand in FY 2025, down from $14,263 thousand in FY 2024. - **Acquisition and transaction expenses** were $9,740 thousand in Q4 2025 and $28,587 thousand for FY 2025, compared to $8,757 thousand and $32,296 thousand in the respective prior periods. - **Management fees and incentive allocation to affiliate** and **Internalization fee to affiliate** were $0 in Q4 2025 and FY 2025, compared to $8,449 thousand and $300,000 thousand respectively in FY 2024. - **Depreciation and amortization** was $55,721 thousand in Q4 2025 and $225,797 thousand for FY 2025, compared to $54,678 thousand and $218,064 thousand in the respective prior periods. - **Gain on sale of assets, net** was $0 in Q4 2025 and FY 2025, compared to -$18,705 thousand in Q4 2024 and FY 2024. - **Total expenses** were $483,060 thousand in Q4 2025 and $1,766,122 thousand for FY 2025, compared to $340,610 thousand and $1,497,074 thousand in the respective prior periods. #### Other Expense - **Interest expense** was -$60,962 thousand in Q4 2025 and -$247,751 thousand for FY 2025, compared to -$60,881 thousand and -$221,721 thousand in the respective prior periods. - **Loss on extinguishment of debt** was $0 in Q4 2025 and FY 2025, compared to -$3,181 thousand in Q4 2024 and -$17,101 thousand in FY 2024. - **Equity in earnings (losses) of unconsolidated entities** was $10,023 thousand in Q4 2025 and -$6,818 thousand for FY 2025, compared to -$401 thousand and -$2,200 thousand in the respective prior periods. - **Gain (loss) on sale to the 2025 Partnership** was -$3,703 thousand in Q4 2025 and $46,380 thousand for FY 2025, with no activity in the prior periods. - **Other income** was $9,789 thousand in Q4 2025 and $73,586 thousand for FY 2025, compared to $14,319 thousand and $17,364 thousand in the respective prior periods. - **Total other expense** was -$44,853 thousand in Q4 2025 and -$134,603 thousand for FY 2025, compared to -$50,144 thousand and -$223,658 thousand in the respective prior periods. #### Provision for Income Taxes - The provision for income taxes was $18,553 thousand in Q4 2025 and $105,620 thousand for FY 2025, compared to $5,617 thousand and $5,487 thousand in the respective prior periods. #### Dividends - **Dividends on preferred shares** were $3,710 thousand in Q4 2025 and $17,243 thousand for FY 2025, compared to $7,758 thousand and $32,763 thousand in the respective prior periods. - **Loss on redemption of preferred shares** was $0 in Q4 2025 and $6,327 thousand for FY 2025, compared to $7,998 thousand in Q4 2024 and FY 2024. - The Board declared an **ordinary shares dividend** of $0.40 per share for Q4 2025, an increase from $0.35 per share, payable on March 23, 2026. - **Preferred shares dividends** of $0.52 per share for Series C and $0.59 per share for Series D were declared for Q4 2025, payable on March 16, 2026. #### Consolidated Balance Sheets (as of December 31, 2025 vs December 31, 2024) - **Cash and cash equivalents** increased to $300,476 thousand as of December 31, 2025, from $115,116 thousand as of December 31, 2024. - **Total current assets** increased to $2,112,520 thousand as of December 31, 2025, from $1,226,018 thousand as of December 31, 2024. - **Total assets** increased to $4,373,758 thousand as of December 31, 2025, from $4,037,952 thousand as of December 31, 2024. - **Total current liabilities** increased to $399,875 thousand as of December 31, 2025, from $347,246 thousand as of December 31, 2024. - **Long-term debt, net** was $3,448,891 thousand as of December 31, 2025, slightly up from $3,440,478 thousand as of December 31, 2024. - **Total liabilities** increased to $4,039,584 thousand as of December 31, 2025, from $3,956,584 thousand as of December 31, 2024. - **Shareholders’ equity** significantly increased to $334,174 thousand as of December 31, 2025, from $81,368 thousand as of December 31, 2024. #### Unique Metrics - **Aerospace Products Adjusted EBITDA** for FY 2025 was $671,252 thousand, representing an annual increase of 76% versus FY 2024 ($380,636 thousand) and a 320% increase versus FY 2023. #### Outlook / Guidance FTAI Aviation Ltd. updated its Business Segment 2026 Adjusted EBITDA guidance to a range of $1.525 billion to $1.625 billion, comprising $1.05 billion from Aerospace Products and $575 million from Aviation Leasing. The company anticipates the first FTAI Mod-1 Aeroderivative product delivery by Q4 2026, with plans for 100 units in 2027. ### Related Stocks - [FTAIN.US](https://longbridge.com/en/quote/FTAIN.US.md) ## Related News & Research - [Factorial Files Super 8-K Containing Q1 2026 Financial Results | FAC Stock News](https://longbridge.com/en/news/289602927.md) - [How Strong Q3 FY26 Results And Higher Guidance At H&R Block (HRB) Has Changed Its Investment Story](https://longbridge.com/en/news/289063295.md) - [Shuttle Pharmaceuticals Announces Planned Reverse Stock Split](https://longbridge.com/en/news/289521076.md) - [Summit Therapeutics withdraws proposed underwritten offering citing market conditions](https://longbridge.com/en/news/289460448.md) - [Allbirds ups ATM program by $48.1M, files prospectus supplement](https://longbridge.com/en/news/289513574.md)