Willis Lease Finance Corporation (WLFC) has reported its results for 2025.
Total revenues reached a record $730.2 million for the year ending December 31, 2025, up 28.3% on 2024. This was driven by strong demand in the aviation sector and higher utilisation of its aircraft engine leasing portfolio.
Pre-tax income climbed 5.2% to a record $160.6 million, while net income rose 3.5% to $108.1 million.
Lease rent revenue climbed 22.4% to $291.6 million for the year, which was mainly driven by its larger portfolio size during the year and higher utilisation.
Maintenance reserve revenue was up 8.4% to $18.1 million. Sales of spare parts and equipment surged to $95.5 million, compared with $27.1 million in the previous year. This was driven by operators seeking out surplus components to extend the lifespan of their existing engines. The result also included the sale of four engines during the year.
"Our 2025 results were strong,” said Austin C. Willis, CEO of WLFC. “Equally important however were the strategic initiatives and capital markets activities that we put in place to foster long term growth.”
Adjusted EBITDA increased 16.6% to $459.1 million during the year.
By the end of last year, the engine lessor's total lease asset value stood at $3.6bn. The company's portfolio includes 363 engines, 20 aircraft and additional leased equipment.