Cirrus Aircraft (2507) H1 2025 earnings summary

Executive summary

• Revenue for H1 2025 rose 25.1% year-over-year to US$594.5 million, driven by increased aircraft deliveries, higher pricing, and growth in services revenue.

• Net profit surged 82.5% to US$65.0 million, reflecting improved production consistency and higher sales volumes.

• Gross profit margin improved to 36.2% from 34.4% in H1 2024.

• The company delivered 350 aircraft in H1 2025, up from 287 in H1 2024, with a focus on smoothing seasonality in production and deliveries.

Financial highlights

• Revenue: US$594.5 million (H1 2025) vs. US$475.4 million (H1 2024), up 25.1%.

• Gross profit: US$215.0 million, up 31.5% year-over-year.

• Net profit: US$65.0 million, up 82.5% year-over-year.

• Adjusted EBITDA: US$101.5 million (17.1% margin), up from US$63.9 million (13.4% margin) in H1 2024.

• Cash and cash equivalents at June 30, 2025: US$340.4 million.

Outlook and guidance

• Focus remains on product improvement, model upgrades, and generational changes to maintain industry leadership.

• Plans to expand global markets, enhance flight training, and develop new maintenance and management solutions.

• No interim dividend declared for H1 2025.