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Air Asia (2630) investor relations material
Air Asia Q4 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Net revenue increased to NT$5,454,110 thousand in 2025, up NT$254,054 thousand or 4.9% year-over-year.
Net income rose to NT$209,725 thousand in 2025, a year-over-year increase of NT$69,116 thousand.
EPS improved to NT$1.00 from NT$0.67 year-over-year.
Gross profit margin improved to 10.4% in 2025 from 8.9% in 2024.
The company maintained a stable capital structure, with a debt-to-equity ratio of 35.36% at year-end 2025.
Financial highlights
Operating profit grew to $290,890 thousand NTD in 2025, a 47% increase year-over-year.
Net profit margin improved to 3.8% from 2.7% year-over-year.
ROE increased to 6.0% from 4.1% year-over-year.
Cash and cash equivalents increased to $226,727 thousand NTD at year-end 2025.
Net cash generated from operating activities was $288,064 thousand NTD in 2025, up from $91,660 thousand NTD in 2024.
Segment performance
Spare parts and accessory repair (self-repair) accounted for 43% of 2025 revenue, up from 42% in 2024.
Aircraft maintenance contributed 25% of 2025 revenue, up from 24% in 2024.
Fleet maintenance and repair made up 10% of 2025 revenue, down from 11% in 2024.
Outsourcing repair and sale of aviation materials contributed 22% in 2025, down from 23% in 2024.
86% of revenue in 2025 was generated in Taiwan, with the remainder from Asia and other regions.
- Net profit surged to NT$38.5 million in Q1 2024, with gross margin up to 9%.2630
Q1 20245 Jun 2026 - Net profit rebounded to NT$80.4 million in H1 2024 on 5.6% revenue growth and higher margins.2630
Q2 20245 Jun 2026 - Strong revenue and profit growth with improved margins, stable outlook, and no major disruptions.2630
Q3 20245 Jun 2026 - Net profit and revenue surged in 2024, with margins and commercial segments strengthening.2630
Q4 20245 Jun 2026 - Q1 2025 revenue was stable, but net profit and EPS declined year-over-year.2630
Q1 20255 Jun 2026 - Revenue and profit rose, with higher margins and stable operations despite concentrated customers.2630
Q2 20255 Jun 2026 - Net profit jumped 64.4% on higher revenue, improved margins, and robust MRO market outlook.2630
Q3 20255 Jun 2026
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