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Willis Lease Finance (WLFC) investor relations material
Willis Lease Finance Q3 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Quarterly revenue reached $183.4 million, up 25.4% year-over-year, driven by strong demand in the aviation leasing market, higher lease rent and maintenance reserve revenue, and a significant gain on sale of leased equipment.
Net income for Q3 2025 was $24.3 million, with diluted EPS of $3.25, and pre-tax income of $43.2 million, up 25.4% year-over-year.
Declared a seventh consecutive quarterly dividend, increasing it to $0.40 per share, reflecting ongoing confidence in business strength.
Completed the sale of a UK-based aviation consultancy business for a $43.0 million gain in Q2 2025.
Financial highlights
Lease rent revenue rose to $76.6 million (+17.9% YoY); maintenance reserve revenue reached $76.1 million (+52.8% YoY).
Gain on sale of leased equipment was $16.1 million, up from $9.5 million in Q3 2024, with an implicit margin of 21.9%.
Depreciation and amortization increased to $28.7 million, mainly due to portfolio growth and new leases.
Net income attributable to common shareholders was $22.9 million; EBT was $43.2 million, up 25.4% from the prior year.
Total expenses increased 29.2% year-over-year to $145.4 million, with notable increases in depreciation, G&A, and technical expenses.
Outlook and guidance
Management expects continued robust demand for lease engines and sees opportunities for capital deployment due to the flywheel business model.
Plans to expand aircraft leasing capabilities and invest in sustainable aviation fuel (SAF) initiatives, with a conservative approach to funding.
Management expects continued portfolio growth, but notes that higher interest rates and tariffs could impact future results.
The company believes its equity base, internally generated funds, and existing debt facilities are sufficient to maintain operations for the next twelve months.
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