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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.
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Q3 2025 earnings summary4 Nov, 2025

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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Frequently asked questions

Willis Lease Finance Corporation specializes in leasing large commercial aircraft engines and related equipment to airlines, aircraft operators, and maintenance, repair, and overhaul (MRO) facilities worldwide. The company's services include the leasing, sale, and exchange of aircraft engines, engine parts, and aircraft. Additionally, Willis Lease Finance provides asset management and engine maintenance services, offering comprehensive support to its clients throughout the engine lifecycle. The company's portfolio includes a variety of engine types and models, catering to a broad range of aircraft operators. The company is headquartered in Coconut Creek, Florida, and its shares are listed on the NASDAQ.

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