• Revenue increased 7.9% to $359.3 million
• Loss after tax of $105.8 million due to $164.8 million in impairments and write-downs
• Ongoing focus on improving profitability, cash flow and strengthening the balance sheet

Alliance Aviation Services Ltd reported a 7.9% increase in revenue to $359.3 million for the half-year ended 31 December 2025. This was driven by growth in wet lease and aviation services revenue, which offset declines in contract, charter and regular public transport revenue. The company recorded a loss after tax of $105.8 million, a 466.6% decrease compared to the prior period, primarily due to $164.8 million in impairments and write-downs related to the company's Fokker aircraft fleet, engines and right-of-use assets. The company is undertaking a comprehensive business review to identify opportunities to increase contract income, grow wet lease revenue and margins, reduce repairs and maintenance and overhead costs, and improve capital productivity. As part of this, the company is also developing a fleet renewal strategy to manage the progressive retirement of its Fokker F70 and F100 aircraft. Despite the challenges, the company remains focused on maintaining high safety standards, operational excellence and long-term client partnerships as key drivers of sustainable shareholder value.