BOC Aviation posts 1H net profit of US$357 million

BOC Aviation reported net profit after tax (“NPAT”) of US$357 million for the first half of 2026. This represented a growth of 4% in reported profits and was another record, excluding non-recurring items. Total revenues and other income were US$1.3 billion, 4% ahead of 1H 2025, as all business lines saw improvements. During the six months ending June 2026, total assets grew 6% to US$27.8 billion as we invested US$2.3 billion of capital and executed on our growth targets. Total equity increased to US$7.0 billion. Asset Type Owned Managed On Order4 Total Airbus A220 family 23 0 0 23 Airbus A320CEO family 53 3 0 56 Airbus A320NEO family 166 0 198 364 Airbus A330CEO family 8 0 0 8 Airbus A330NEO family 6 0 0 6 Airbus A350 family 15 0 2 17 Boeing 737NG family 50 6 0 56 Boeing 737-8/9 90 0 120 210 Boeing 777-300ER 18 1 0 19 Boeing 787 family 35 1 0 36 Freighters 3 0 0 3 Engines 12 0 1 13 Total 479 11 321 811 The Board of Directors has declared a distribution of US$0.1799 per share by way of interim dividend. This represents 35% of our first half 2026 NPAT, which is an increase from the 30% of NPAT distributed as an interim dividend in prior years. This reflects the previous rise in full year distribution guidance to 40% and the ongoing strength of cash flow and profitability. “Our leasing, trading and financing activities all recorded significant improvements in the first half of 2026,” said Steven Townend, Chief Executive Officer and Managing Director. “These improved earnings, along with our strong balance sheet enabled us to increase the first half dividend by 22% compared with the same period last year.” Financial Highlights Total revenues and other income of US$1,297 million, 4% greater than the US$1,242 million for the first half of 2025; Net profit after tax of US$357 million, a 4% increase compared with US$342 million in the first half of 2025; Earnings per share of US$0.51; The Board declared an interim dividend of US$0.1799 per share compared with US$0.1476 per share for the first half of 2025; Total assets increased to US$27.8 billion as at 30 June 2026 from US$26.3 billion as at 31 December 2025, with net assets of US$7.0 billion; Core lease rental contribution1 reached a record US$388 million for the first half of the financial year; Maintained robust liquidity with US$6.0 billion in undrawn committed credit facilities and US$319 million in cash and cash equivalents as at 30 June 2026. As at 30 June 2026, the company had: A total fleet of 811 aircraft and engines owned, managed and on order. The average age of aircraft is 5.0 years with an average owned aircraft remaining lease term of 7.7 years, each weighted by net book value; An orderbook of 320 aircraft, scheduled for delivery through to the end of 2032; 24 new aircraft and one engine deliveries in the first half of 2026; Sold eight owned aircraft and five managed aircraft in the first half of 2026; Signed 33 lease commitments in the first half of 2026; A customer base of 88 airlines in 45 countries and regions in the owned and managed portfolios; Maintained owned aircraft utilisation at 100.0% for the first half of 2026; Cash collection from airline customers of 99.2% in the first half of 2026. For Editorial Inquiries Contact: Editor Matt Driskill at [email protected] For Advertising Inquiries Contact: Head of Sales Sally Passey at [email protected]