Cirrus Aircraft (2507) H2 2025 earnings summary

Executive summary

• Achieved record revenue of US$1.35 billion for FY2025, up 13.1% year-over-year, driven by higher aircraft deliveries and strong demand for new models.

• Net income increased 15.0% to US$138.9 million, with gross profit margin expanding by 0.7% to 35.2%.

• Backlog grew to 1,066 aircraft, with orders and reservations up by 95 units year-over-year, reflecting robust market demand.

• Maintained industry-leading safety record and continued investment in innovation, production, and services.

Financial highlights

• Revenue: US$1,354.4 million (up 13.1% year-over-year).

• Gross profit: US$477.1 million (up 15.4% year-over-year); gross margin 35.2%.

• Operating profit: US$176.0 million; operating margin 13.0%.

• Adjusted EBITDA: US$212.9 million (up 13.8% year-over-year); margin 15.7%.

• Net income: US$138.9 million (up 15.0% year-over-year); net margin 10.3%.

• Free cash flow: US$34.1 million after investments.

• Total assets: US$1,460.5 million; equity: US$884.2 million.

Outlook and guidance

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

• Plans to expand ecosystem services, enhance flight training, and grow global market presence.

• Targeting controlled annual growth above industry averages, with gross margins in the 30s percent and EBITDA margins between 13-16%.

• Capital deployment in 2026 to support innovation, production, and service expansion.