--- title: "FTAI Aviation Pref Share FTAIN 8.25 PERP 06/15/26 | 10-K: FY2025 Revenue: USD 2.507 B" type: "news" locale: "en" url: "https://longbridge.com/en/news/277255781.md" published_at: "2026-02-27T22:22:07.000Z" --- # FTAI Aviation Pref Share FTAIN 8.25 PERP 06/15/26 | 10-K: FY2025 Revenue: USD 2.507 B Revenue: As of FY2025, the actual value is USD 2.507 B. EPS: As of FY2025, the actual value is USD 4.6. EBIT: As of FY2025, the actual value is USD 989.04 M. ### Consolidated Financial Metrics #### Net Income (Loss) Attributable to Shareholders - Net Income (Loss) Attributable to Shareholders was $477,494 thousand in 2025, compared to - $32,079 thousand in 2024, and $212,022 thousand in 2023. - The change from 2025 to 2024 showed an increase of $509,573 thousand, while the change from 2024 to 2023 decreased by - $244,101 thousand. #### Adjusted EBITDA (Non-GAAP) - Adjusted EBITDA was $1,190,922 thousand in 2025, $862,050 thousand in 2024, and $597,282 thousand in 2023. - This represents an increase of $328,872 thousand from 2025 to 2024, and an increase of $264,768 thousand from 2024 to 2023. #### Interest Expense - Interest Expense was - $247,751 thousand in 2025, - $221,721 thousand in 2024, and - $161,639 thousand in 2023. - The expense increased by - $26,030 thousand from 2025 to 2024, and by - $60,082 thousand from 2024 to 2023. #### Provision for (Benefit from) Income Taxes - Provision for Income Taxes was $105,620 thousand in 2025, $5,487 thousand in 2024, and - $59,800 thousand in 2023. - This amount increased by $100,133 thousand from 2025 to 2024 and by $65,287 thousand from 2024 to 2023. #### Cash Flow from Operating Activities - Cash Flow from Operating Activities was - $310,745 thousand in 2025, - $187,956 thousand in 2024, and $128,982 thousand in 2023. - Net cash used in operating activities increased by $122,800 thousand from 2025 to 2024. #### Cash Flow from Investing Activities - Cash Flow from Investing Activities was $723,314 thousand in 2025, - $469,498 thousand in 2024, and - $373,349 thousand in 2023. - Net cash provided by investing activities increased by $1,200,000 thousand from 2025 to 2024. #### Cash Flow from Financing Activities - Cash Flow from Financing Activities was - $227,209 thousand in 2025, $681,814 thousand in 2024, and $282,208 thousand in 2023. - Net cash used in financing activities increased by $909,000 thousand from 2025 to 2024. ### Aerospace Products Segment #### Total Revenues - Total Revenues for the Aerospace Products segment were $1,936,244 thousand in 2025, $1,079,821 thousand in 2024, and $454,970 thousand in 2023. - Revenues increased by $856,423 thousand from 2025 to 2024, and by $624,851 thousand from 2024 to 2023. #### Cost of Sales - Cost of Sales was $1,240,368 thousand in 2025, $673,907 thousand in 2024, and $280,280 thousand in 2023. - The cost increased by $566,461 thousand from 2025 to 2024, and by $393,627 thousand from 2024 to 2023. #### Operating Expenses - Operating Expenses were $34,514 thousand in 2025, $23,818 thousand in 2024, and $20,459 thousand in 2023. - Expenses increased by $10,696 thousand from 2025 to 2024, and by $3,359 thousand from 2024 to 2023. #### Depreciation and Amortization - Depreciation and Amortization was $15,764 thousand in 2025, $6,630 thousand in 2024, and $661 thousand in 2023. - This increased by $9,134 thousand from 2025 to 2024, and by $5,969 thousand from 2024 to 2023. #### Net Income Attributable to Shareholders - Net Income for the Aerospace Products segment was $548,346 thousand in 2025, $346,346 thousand in 2024, and $180,177 thousand in 2023. - Net income increased by $202,000 thousand from 2025 to 2024, and by $166,169 thousand from 2024 to 2023. #### Adjusted EBITDA (Non-GAAP) - Adjusted EBITDA for the Aerospace Products segment was $671,252 thousand in 2025, $380,636 thousand in 2024, and $160,009 thousand in 2023. - This increased by $290,616 thousand from 2025 to 2024, and by $220,627 thousand from 2024 to 2023. ### Aviation Leasing Segment #### Total Revenues - Total Revenues for the Aviation Leasing segment were $571,161 thousand in 2025, $628,437 thousand in 2024, and $681,611 thousand in 2023. - Revenues decreased by - $57,276 thousand from 2025 to 2024, and by - $53,174 thousand from 2024 to 2023. #### Cost of Sales - Cost of Sales was $109,351 thousand in 2025, $151,977 thousand in 2024, and $221,852 thousand in 2023. - The cost decreased by - $42,626 thousand from 2025 to 2024, and by - $69,875 thousand from 2024 to 2023. #### Operating Expenses - Operating Expenses were $37,307 thousand in 2025, $35,495 thousand in 2024, and $37,876 thousand in 2023. - Expenses increased by $1,812 thousand from 2025 to 2024, but decreased by - $2,381 thousand from 2024 to 2023. #### Depreciation and Amortization - Depreciation and Amortization was $205,687 thousand in 2025, $201,497 thousand in 2024, and $158,354 thousand in 2023. - This increased by $4,190 thousand from 2025 to 2024, and by $43,143 thousand from 2024 to 2023. #### Net Income Attributable to Shareholders - Net Income for the Aviation Leasing segment was $271,352 thousand in 2025, $210,249 thousand in 2024, and $291,603 thousand in 2023. - Net income increased by $61,103 thousand from 2025 to 2024, but decreased by - $81,354 thousand from 2024 to 2023. #### Adjusted EBITDA (Non-GAAP) - Adjusted EBITDA for the Aviation Leasing segment was $608,912 thousand in 2025, $500,062 thousand in 2024, and $467,388 thousand in 2023. - This increased by $108,850 thousand from 2025 to 2024, and by $32,674 thousand from 2024 to 2023. #### Aviation Assets at December 31, 2025 - The segment had a total of 47 aircraft (5 Widebody, 42 Narrowbody) and 243 engines (18 Widebody, 225 Narrowbody). - There were 37 commercial aircraft and 143 engines on lease. - Aviation Equipment Utilization for Q4 2025 was approximately 77%. - The weighted average remaining lease term for aircraft was 44 months, and for engines on-lease was 38 months. ### Corporate and Other Segment #### Total Revenues - Total Revenues for the Corporate and Other segment were $4 thousand in 2025, $26,643 thousand in 2024, and $34,315 thousand in 2023. - Revenues decreased by - $26,639 thousand from 2025 to 2024, and by - $7,672 thousand from 2024 to 2023. #### Operating Expenses - Operating Expenses were $80,720 thousand in 2025, $56,548 thousand in 2024, and $51,828 thousand in 2023. - Expenses increased by $24,172 thousand from 2025 to 2024, and by $4,720 thousand from 2024 to 2023. #### General and Administrative Expenses - General and Administrative Expenses were $9,478 thousand in 2025, $14,263 thousand in 2024, and $13,700 thousand in 2023. - Expenses decreased by - $4,785 thousand from 2025 to 2024, but increased by $563 thousand from 2024 to 2023. #### Internalization Fee to Affiliate - Internalization Fee to Affiliate was $0 thousand in 2025, $300,000 thousand in 2024, and $0 thousand in 2023. - This fee decreased by - $300,000 thousand from 2025 to 2024, and increased by $300,000 thousand from 2024 to 2023. #### Interest Expense - Interest Expense was - $247,751 thousand in 2025, - $221,721 thousand in 2024, and - $161,639 thousand in 2023. - The expense increased by - $26,030 thousand from 2025 to 2024, and by - $60,082 thousand from 2024 to 2023. #### Net Loss Attributable to Shareholders - Net Loss for the Corporate and Other segment was - $319,375 thousand in 2025, - $588,674 thousand in 2024, and - $259,758 thousand in 2023. - The net loss decreased by $269,299 thousand from 2025 to 2024, but increased by - $328,916 thousand from 2024 to 2023. #### Adjusted EBITDA (Non-GAAP) - Adjusted EBITDA for the Corporate and Other segment was - $66,413 thousand in 2025, - $18,648 thousand in 2024, and - $30,115 thousand in 2023. - This decreased by - $47,765 thousand from 2025 to 2024, but increased by $11,467 thousand from 2024 to 2023. ### Outlook / Guidance FTAI Aviation Ltd. launched its Strategic Capital Initiative at the end of 2024 to manage third-party capital for investing in on-lease aircraft and engines. The 2025 Partnership, the first under this initiative, completed a $2.0 billion equity fundraise in October 2025 and is expected to be the primary buyer for future on-lease 737NG and A320ceo aircraft. The Company anticipates providing aircraft management services and making minority capital commitments to future partnerships, expecting operational cost savings due to the internalization of management functions effective May 28, 2024. ### Related Stocks - [FTAIN.US - FTAI Aviation Pref Share FTAIN 8.25 PERP 06/15/26](https://longbridge.com/en/quote/FTAIN.US.md) ## Related News & Research | Title | Description | URL | |-------|-------------|-----| | FTAI Aviation Ltd. published an update to their financial calendar | FTAI Aviation Ltd. will announce its financial results for Q4 and full year 2025 on February 25, 2026, after Nasdaq clos | [Link](https://longbridge.com/en/news/273132492.md) | | COASTAL FINANCIAL CORP SEC 10-K Report | Coastal Financial Corporation has released its 2025 Form 10-K report, highlighting significant financial growth and stra | [Link](https://longbridge.com/en/news/277246546.md) | | UFP INDUSTRIES INC SEC 10-K Report | UFP Industries Inc. has released its 2025 10-K report, revealing a 5% decrease in net sales to $6.32 billion, with net e | [Link](https://longbridge.com/en/news/276928952.md) | | Xylem Inc. SEC 10-K Report | Xylem Inc. has released its 2025 Form 10-K report, highlighting significant financial growth with revenue of $9,035 mill | [Link](https://longbridge.com/en/news/276927532.md) | | RPC INC SEC 10-K Report | RPC Inc. has released its 2025 10-K report, highlighting a total revenue of $1,626.6 million, a 15% increase from 2024, | [Link](https://longbridge.com/en/news/277244631.md) | --- > **Disclaimer**: This article is for reference only and does not constitute any investment advice.