AerSale has reported fourth-quarter 2025 revenues $90.9 million, down 4% from a year prior. The decline was due to fewer flight-equipment sales, with the company selling four engines during the quarter compared with six in the same period of 2024.
However, net income nearly doubled to $5.4 million in fourth-quarter 2025, compared with $2.7 million a year prior.
Excluding flight-equipment sales, revenue grew 9.8% during the quarter. This was driven by “strong commercial demand” for used serviceable materials (USM) an increased leasing revenue from its expanded lease pool.
“We completed 2025 in line with our expectations, which focused on growing our USM, leasing, and MRO activities that are a core part of our multi-dimensional business model and help offset the inherent volatility of flight equipment sales,” said AerSale CEO Nick Finazzo. “This disciplined execution also resulted in higher margin contributions which was a focus of the efficiency initiatives we executed in the beginning of 2025.”
Technical operations revenue increased 10.7% to $34 million in the fourth quarter. Asset management solutions revenue was down 11.1% to $56.9 million.
“As we enter 2026, we remain focused on continuing our growth momentum by monetising our strong inventory position and expanding our MRO capabilities and capacity, which will benefit our customers,” said Finazzo.
The company ended the year with $71.6 million in liquidity, including $4.4 million in cash and $67.2 million available on its $180 million revolving credit facility, expandable to $200 million.