BOC Aviation has released its unaudited financial results for the first six months of 2025, highlighting strong growth in profitability, revenues and fleet expansion.
The company posted a net profit after tax (NPAT) of US$342 million, representing a 20% rise in core profits compared with the previous year’s underlying performance. This figure marked a record for the group, excluding one-off items recorded in the first half of 2024. Total revenues and other income grew by 6% year-on-year to US$1.2 billion, reflecting improvements across all business lines.
Balance sheet strength continued to underpin growth. Total assets rose to US$25.6 billion, while total equity increased by 2% to US$6.5 billion. The company also executed the largest aircraft order in its history, comprising 70 Airbus A320neo-family and 50 Boeing 737-8 aircraft. This has expanded its orderbook to 351 aircraft, placing it among the largest order pipelines in the aircraft leasing industry.
In line with its established dividend policy, the Board declared an interim distribution of US$0.1476 per share, representing 30% of first-half NPAT. This pay-out ratio is consistent with prior years and reflects sustained cash generation and profitability.
With profitability at record levels, liquidity of US$6.1 billion, and a clear growth trajectory supported by significant fleet orders, BOC Aviation has reaffirmed its position as one of the leading global aircraft lessors and remains on track to meet its long-term expansion ambitions.
