Avation (AVAP) Trading update summary

Twentieth anniversary and business milestones

• Celebrated 20 years, having signed 92 aircraft leases with 38 airlines in 28 countries.

• Acquired 78 aircraft valued over $2 billion and sold 45 aircraft for more than $1 billion.

• Shareholders' equity reached $244 million as of 30 June 2025, reflecting disciplined capital allocation.

Market environment and fleet update

• Asia-Pacific passenger demand forecast to grow 5.1% in 2026, supporting strong lease rates and aircraft values.

• Fleet consists of 33 aircraft leased to 17 airlines in 17 countries, with 100% utilisation and $321 million in unearned contracted lease revenue.

• Three more ATR 72-600 aircraft deliveries expected by end of 2026, with recent successful transitions and new leases.

Orderbook, purchase rights, and growth strategy

• 13 ATR 72-600 aircraft on firm order for delivery through Q4 2029, plus purchase rights for 19 more through June 2034.

• Purchase rights provide flexibility and access to aircraft at pre-agreed 2011 pricing.

• Evaluating selective opportunities to acquire additional narrowbody aircraft in the secondary market.