BOC Aviation ( (BCVVF) ) has released its Q4 earnings. Here is a breakdown of the information BOC Aviation presented to its investors.
BOC Aviation Limited, a leading global aircraft leasing company based in Singapore, specializes in providing aircraft leasing services to a diverse range of airlines worldwide. Operating within the aviation sector, the company is distinguished by its extensive portfolio of aircraft and engines, making it one of the top five global aircraft leasing companies by asset value.
BOC Aviation reported a record net profit after tax of US$924 million for the year ending December 31, 2024, marking a significant increase from the previous year. The company achieved a 4% rise in total revenues to US$2.6 billion and a 21% increase in profit before tax. The company also successfully recovered from previous write-downs related to aircraft in Russia.
Key financial highlights include a 13% rise in operating cash flow net of interest to US$1.9 billion, and a 4% increase in total assets to US$25.1 billion. The company raised US$5.5 billion in new debt financing and maintained strong liquidity with US$6.5 billion available. The Board recommended a final dividend of US$0.2670 per share, bringing the total dividend for 2024 to US$0.4658 per share.
Looking ahead, BOC Aviation remains optimistic about its growth prospects, supported by a robust order book and strong demand for leased aircraft. The company plans to continue expanding its fleet and enhancing its financial performance, leveraging its strong liquidity and strategic positioning in the aviation market.