• Revenue and profit after tax increased 11.3% and 9.9% respectively
• Operating cash flow decreased 30.6% due to aircraft purchases and higher interest payments
• Net assets increased 17% to $440.3m

Alliance Aviation Services Limited reported a 11.3% increase in revenue from ordinary activities to $333,036,000 and a 9.9% increase in profit after tax attributable to members to $28,860,000 for the half year ended 31 December 2024. The company's Wet Lease revenue grew 25.5% to $160,100,000, while Contract revenue decreased 0.7% to $153,600,000 and Charter revenue declined 11.1% to $7,200,000. Operating cash flow decreased 30.6% to $27,200,000, primarily due to aircraft purchases for inventory and higher interest payments as the company's debt levels rose to fund its growth program. The company expanded its fleet with the addition of three E190 aircraft and one Fokker 100 aircraft. It also entered agreements to sell six E190 airframes and 13 Rolls-Royce engine cores. The company's profitability was impacted by industrial action within the aviation sector, which led to cancelled flights and maintenance backlogs. The company's net assets increased 17% to $440,300,000.