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RNS Number : 8532W Avation PLC 30 September 2026 AVATION PLC ( " Avation " or " the Company " ) UNAUDITED RESULTS FOR YEAR ENDED 30 JUNE 2026 Avation PLC ( LSE : AVAP ) , the commercial passenger aircraft leasing company , announces unaudited results for the year ended 30 June 2026 . Financial Highlights . . Revenue remained stable at US $ 110.1 million ( 2025 : US $ 110.1 million ) ; Operating profit increased by 38.4 % to US $ 64.3 million ( 2025 : US $ 46.4 million ) , delivering US $ 17.9 million of year - on - year growth ; In November 2025 Avation Group ( S ) Pte Ltd issued US $ 300 million 8.5 % unsecured notes due May 2031 . The proceeds were used to fully redeem the group's outstanding 8.25 % unsecured notes due in 2026 ; Return to profitability , with profit after tax of US $ 8.4 million ( 2025 : US $ 7.7 million loss ) , a US $ 16.1 million year - on - year improvement ; Lease yield ( 1 ) was 10.7 % ( 2025 : 11.3 % ) , with the reduction reflecting the typically lower rental rate on one extension lease and short periods of non - utilisation during the transition of two aircraft ; Operating cash flow decreased to US $ 30.8 million ( 2025 : US $ 91.5 million ) , reflecting the timing of movements in maintenance reserves and trade and finance lease receivables ; Ten aircraft were unencumbered as at 30 June 2026 ( 30 June 2025 : six ) ; Net indebtedness reduced by 13.3 % to US $ 523.7 million ( 30 June 2025 : US $ 604.2 million ) ; Total year - end cash and bank balances were US $ 105.0 million ( 30 June 2025 : US $ 130.0 million ) ; S & P Global Ratings upgraded the Group's long - term issuer credit rating from ' B- ' to ' B ' in the year ; Basic earnings per share were 13.36 cents ( 2025 : -11.22 cents ) ; Net asset value per share increased by 19.9 % to US $ 4.39 ( £ 3.33 ) from US $ 3.66 ( £ 2.67 ) in the prior year ; and An interim dividend of 1.5 US cents per share was declared for the year ( 30 June 2025 : 1.0 US cents ) , representing a 50 % increase on the prior year . Operational Activity . . In October 2025 the Company agreed a four - year extension to a lease for an Airbus A330-300 widebody aircraft with EVA Air . The lease will now run to November 2031 ; In September 2025 Avation sold a Boeing 777-300ER widebody aircraft , realising a gain of US $ 4.1 million ; The first two ATR 72-600 aircraft in Avation's ATR aircraft orderbook were placed on lease with new airline customers in South Korea and Cambodia . The aircraft were delivered in December 2025 and June 2026 respectively ; Five ATR 72-600 aircraft were transitioned to new leases in the year to 30 June 2026 ; and In July 2026 , subsequent to the year - end , Avation signed a six - year lease for two ATR 72-600 aircraft with Finnair , the flag carrier airline of Finland , following the transition of the aircraft from a former customer .