AerSale Corporation Soars to New Heights in Q4 2025 with Strong Adjusted EBITDA Growth and Robust Revenue Expansion
AerSale Corporation has wrapped up the year 2025 on a strong note, reporting impressive growth in its fourth quarter results. The company's adjusted earnings before interest, taxes, depreciation, and amortization (Adjusted EBITDA) increased by $2.2 million or 17.1% to $15.2 million compared to the same period in 2024.
CEO Nick Finazzo highlighted that despite a 4% decrease in revenue year-over-year, excluding flight equipment sales, which can be volatile, revenue actually increased by 9.8%. This growth reflects expansion across AerSale's component maintenance, repair, and overhaul (MRO) services, United States MRO, leasing, as well as sales of its engineered solutions product, AerSafe.
One notable aspect of this growth is the increase in sales of AerSafe products, driven by operators' proactive upgrades ahead of a Federal Aviation Administration compliance deadline related to fuel tank safety systems. This demonstrates a strategic play by AerSale, capitalizing on regulatory requirements and providing tailored solutions for its clients.
The company's full-year revenue decreased by $9.8 million or 2.8% year-over-year primarily due to fewer flight equipment sales. However, excluding these sales, full-year revenue increased 18.7%, driven by robust growth in USM demand, higher average lease rates and asset yields, as well as the expansion of component MRO services and AerSafe product sales.
AerSale's efforts to improve efficiency through its implemented program also bore fruit, with Adjusted EBITDA increasing $12.8 million to $46.1 million or 38.2% year-over-year. This reflects higher volumes, favorable mix, and cost benefits from the company's disciplined approach.
CEO Nick Finazzo emphasized AerSale's commitment to steady growth by stating that their win rate in acquiring feedstock for reuse was just 4.8% in Q4, a deliberate strategy in the hyper-competitive environment, whereas in Q4 of 2024 it was significantly higher at 17.2%. This decision underscores the company's discipline and long-term focus.
As AerSale looks ahead to 2026, its priorities include building on the growth momentum achieved, expanding the service portfolio through strategic acquisitions, and capitalizing further on regulatory requirements such as the FAA compliance deadline mentioned earlier.
