• Statutory NPAT of $82.1m, down 4.9% from FY2024
• Total revenue from operations up 19.4% to $760.9m
• EBITDA up 16.2% to $207.3m
• Operating cash flow of $105.6m, a 3.4% decrease

Alliance Aviation Services Limited (ASX: AQZ) has reported its financial results for the 2025 financial year, delivering a strong operating performance despite external challenges. The company reported total revenue from continuing operations of $760.9 million, an increase of 19.4% from FY2024. Statutory profit before tax was $82.1 million, a year-on-year decrease of 4.9%. EBITDA for FY2025 was $207.3 million, representing a 16.2% increase. The net debt position of the Company at 30 June 2025 was $378.1 million. Alliance operated 113,621 flying hours for the year, which is a fifth consecutive annual record. The company expanded its fleet with the purchase of five Embraer E190 aircraft, bringing the total fleet to 79 aircraft in revenue service. Alliance also completed the Qantas wet lease entry into service program with the last of 30 E190s successfully deployed. The strong growth in wet lease revenue continued, with the final four aircraft deployed under the agreement with Qantas. Contract flying hours were impacted during the year by flight cancellations resulting from severe weather events, Protected Industrial Action and reduced fleet availability after multiple aircraft were damaged. The company's strategic initiatives, including aviation services sales and optimising fleet utilisation and reliability, contributed to streamlining operations and reducing debt.

Alliance expects organic growth in contract activity to continue, driven by increased demand from existing clients and new business opportunities, particularly within Western Australia and Queensland. The first full year of Qantas wet lease operations is anticipated to contribute to higher revenue and improved crew utilisation and efficiency.

Alliance has a solid outlook for FY26, with the expansion of the Rockhampton hangar's base maintenance capabilities expected to reduce the need for ferry flights and lower the Group's carbon emissions and operating costs. The company remains committed to pursuing strategic aviation services transactions and maintaining a strong focus on cost control to preserve and improve profitability.