Aeromexico reports August 2023 traffic results
13th September 2023
GE Aerospace has reported strong fourth-quarter 2025 profits, beating expectations.
The company reported a profit of $2.9bn and an operating profit of $2.3bn, up 24% and 14%, respectively. Earnings per share (EPS) for the quarter were up 32% to $2.31.
During the quarter, the company recorded $27bn in orders, up 74%, while revenues reached $12.7bn, up 18%.
For the full year, profits totalled $10bn, up 31% compared to 2024. EPS totalled $8.05, up 32%. Operating profits climbed a quarter on the previous year to $9.1bn.
GE Aerospace recorded $66.2bn in orders, up 32% on 2024. Revenues increased 18% to $45.9bn.
For its commercial engines segment, GE Aerospace reported orders of $22.8bn for the fourth quarter, up 76%, and revenues increasing 24% to $9.5bn. Operating profit for the segment was up 5% to $2.3bn.
For the full year, its commercial engines segment reported revenues of $33.3bn, up 24%, while orders were up 35% to $54.4bn. The segment's operating profit for the year was up 26% to $8.9bn.
“We enter 2026 with solid momentum to build upon these results and are well positioned to create greater value for our customers. This supports another year of substantial EPS and cash growth, and I'm confident our team will deliver,” said GE Aerospace chairman and CEO Lawrence Culp.
The company is guiding adjusted revenues to grow low double digits in full-year 2026, while operating profits are expected to be in the region of $9.85bn to $10.25bn. Adjusted EPS is expected to be $7.10 - $7.40. Additionally, GE Aerospace expects around $8 to $8.4bn in free cash flow.
For its commercial engines segment, GE Aerospace expects revenues to increase in the mid-teens.
The company noted in its earnings call that it continues to incur losses from the GE9X programme, which powers the Boeing 777X — an aircraft that still awaits certification.
“Losses on the 9X programmes ended in line with expectations,” management said during its earnings call. “We projected a couple hundred million dollars of losses in 2025, and that's where we landed.”
They added: “For 2026, we plan to ship more engines and continuing growing volume and, with that, losses on the 9X programmes are expected to double year-over-year… our current guidance incorporates those losses, fully consistent with what we communicated in the first quarter.”
The company said there will be shipments for the GE9X in the first quarter that it “did not have in 2025”.
During the call management, said it expects the number of repairs and services for its LEAP engines — a joint venture programme with Safran — will increase in 2026 compared with last year.