Form: 8-K

Current report

March 5, 2026

Documents

Exhibit 99.1

AerSale Reports Fourth Quarter and Full Year 2025 Results

Fourth Quarter 2025 Highlights

Revenue of $90.9 million versus $94.7 million in the prior year period
GAAP net income of $5.4 million versus GAAP net income of $2.7 million in the prior year period
Adjusted net income1 of $7.5 million versus adjusted net income of $4.8 million in the prior year period
Adjusted EBITDA1 of $15.2 million versus Adjusted EBITDA of $13.0 million in the prior year period
Flight equipment sales consisted of four engines compared to six engines in the prior year period
Feedstock acquisitions of $15.4 million in the quarter

2025 Full Year Highlights

Revenue of $335.3 million versus $345.1 million
GAAP net income of $8.6 million versus GAAP Net Income of $5.9 million
Adjusted net income1 of $15.8 million versus adjusted net income of $9.5 million
Adjusted EBITDA1 of $46.1 million versus Adjusted EBITDA of $33.4 million
Flight equipment sales consisted of thirteen engines compared to twenty engines and one aircraft in the prior year
Feedstock acquisitions of $99.6 million and an additional $11.4 million under contract
Inventory of $363.8 million as of December 31, 2025

MIAMI, Florida, March 5, 2026 AerSale Corporation (Nasdaq: ASLE) (“AerSale” or the “Company”) today reported fourth quarter and full year 2025 financial results.

(in thousands, except per-share amount)

(Unaudited)

Three Months Ended December 31,

Year Ended December 31,

  ​ ​ ​

2025

  ​ ​ ​

2024

  ​ ​ ​

Percent Change

2025

  ​ ​ ​

2024

  ​ ​ ​

Percent Change

Total revenue

$

90,937

$

94,741

(4.0)

%

$

335,286

$

345,066

(2.8)

%

GAAP net income

5,397

2,702

99.7

%

8,575

5,851

46.6

%

Adjusted net income (1)

7,529

4,775

57.7

%

15,826

9,520

66.2

%

Adjusted EBITDA (1)

15,218

13,000

17.1

%

46,142

33,386

38.2

%

Diluted earnings per share

0.11

0.05

120.0

%

0.18

0.11

63.6

%

Adjusted diluted earnings per share (1)

0.16

0.09

77.8

%

0.33

0.18

83.3

%

Feedstock acquisitions (2)

$

15,428

$

18,365

(16.0)

%

$

99,647

$

61,653

61.6

%

Fourth Quarter 2025 Results of Operations

The Company’s revenue for the fourth quarter of 2025 was $90.9 million, representing a decrease of 4.0% compared to $94.7 million in the fourth quarter of 2024 primarily due to the timing of flight equipment sales. Adjusted EBITDA1 in the fourth quarter of 2025 increased by $2.2 million to $15.2 million, or 16.7% of total revenue, representing an increase of 17.1% compared to $13.0 million, or 13.7% of total revenue, in the comparable prior year period. The increase in adjusted EBITDA1 was mainly driven by improved profitability from our maintenance repair and overhaul (“MRO”) activities and lower overall expenses due to the cost-cutting initiatives executed at the beginning of the year.

As a reminder to investors, the Company’s revenue is likely to fluctuate from quarter-to-quarter and year-to-year based on flight equipment sales and therefore, progress should be monitored based on flight equipment leasing, used serviceable material (“USM”) sales, and asset purchases, as well as MRO activities.

In the fourth quarter of 2025, flight equipment sales were $20.9 million and consisted of four engines, compared to $31.0 million from six engines sold in the comparable prior year period. Excluding flight equipment sales, revenue grew 9.8% as we continue to grow the more recurring parts of our business.  

This increase was primarily driven by strong commercial demand for USM, as well as increased leasing revenue from an expanded lease pool, which includes the deployment of two Boeing 757 freighter aircraft.  Our landing gear,


aerostructures, and component MRO facilities also delivered improved performance and profitability; and demand for our AerSafe™ Engineered Solutions product also increased. These increases were partially offset by lower heavy MRO revenue at the Roswell, New Mexico facility as the Company transitioned to highermargin opportunities that offset the margin declines related to the lower revenue.  The Goodyear, Arizona facility also experienced revenue declines due to the expiration of a customer contract; however, the impact was mitigated by a strong pipeline of storage revenue related to the Geared Turbo Fan (“GTF”) engine reliability issues that have also resulted in greater margin contributions.

Nick Finazzo, Chief Executive Officer at AerSale, stated, “We completed 2025 in line with our expectations, which focused on growing our USM, leasing, and MRO activities that are a core part of our multi-dimensional business model and help offset the inherent volatility of flight equipment sales. This disciplined execution also resulted in higher margin contributions which was a focus of the efficiency initiatives we executed in the beginning of 2025.”

Finazzo added, “As we enter 2026, we remain focused on continuing our growth momentum by monetizing our strong inventory position and expanding our MRO capabilities and capacity, which will benefit our customers and continue to build longterm shareholder value.”

Asset Management Solutions (“Asset Management”) revenue decreased 11.1% to $56.9 million during the fourth quarter of 2025 compared to $64.0 million in the fourth quarter of 2024. Excluding flight equipment sales, total revenue in the fourth quarter of 2025 increased 9.1% to $36.0 million from $33.0 million in the prior year, driven by increased leasing and USM volume. The Company had 18 engines and two B757 freighter aircraft on lease in the current quarter, compared to 20 engines and one B757 freighter on lease in the prior year period. Although the total number of engines on lease decreased slightly over the prior period year, the portfolio mix shifted toward higherdemand engine types and benefited from a tight leasing market, resulting in stronger average lease rates and higher yields.

Technical Operations (“TechOps”) revenue increased 10.7% to $34.0 million in the fourth quarter of 2025 from $30.7 million in the fourth quarter of 2024, primarily due to higher sales from the Company’s aerostructures and landing gear MROs as we have been successful in winning new contracts, as well as from higher demand for our AerSafe™ product in advance of the Federal Aviation Administration’s 2026 compliance requirements for a Fuel Quantity Indication System airworthiness directive. These increases were partially offset by revenue decreases from our on-airport MRO activities resulting from the strategic repurposing of the Roswell, New Mexico facility to focus on higher-margin aircraft storage and the expiration of a customer contract at the Goodyear, Arizona MRO facility, which was partially mitigated by a strong pipeline of storage revenue related to recent GTF engine reliability issues.

Gross margin increased to 34.1% in the fourth quarter of 2025 compared to 31.4% in the same period last year, driven by higher margins generated from our leasing portfolio and on-airport MROs.

Selling, general, and administrative expenses were $23.9 million in the fourth quarter of 2025 versus $24.8 million in the fourth quarter of 2024. AerSale incurred $1.8 million of share-based compensation expense in the fourth quarter of 2025 versus $1.2 million in the fourth quarter of 2024.

Income from operations was $7.1 million in the fourth quarter of 2025 compared to $4.9 million in the fourth quarter of 2024.

Income tax expense was $0.2 million in the fourth quarter of 2025, compared to $1.8 million in the fourth quarter of 2024. The Company’s effective tax rate was 3.3% in the fourth quarter of 2025 compared to 40.1% in the fourth quarter of 2024.

Net income for the fourth quarter of 2025 was $5.4 million, compared to net income of $2.7 million in the prior year. During the fourth quarter of 2025, the Company recognized $1.8 million of share-based compensation expenses within payroll expenses, $0.2 million in non-cash inventory write-downs, and $0.3 million in facility relocation costs. Excluding these non-cash and unusual items and adjusted for tax, adjusted net income1 was $7.5 million in the fourth quarter of 2025, compared to adjusted net income1 of $4.8 million in the fourth quarter of 2024.


Diluted earnings per share was $0.11 for the fourth quarter of 2025 and $0.05 in the fourth quarter of 2024. Adjusted for the non-cash and unusual items noted above, adjusted diluted earnings per share1 was $0.16 for the fourth quarter of 2025 compared to $0.09 for the fourth quarter of 2024.

Full Year 2025 Results of Operations

For full year 2025, AerSale reported revenue of $335.3 million, representing a decrease of 2.8% compared to $345.1 million for the full year of 2024. Adjusted EBITDA¹ for 2025 was $46.1 million, or 13.8% of total revenue, representing an increase of 38.2% compared to $33.4 million, or 9.7% of total revenue in 2024. This improvement over the prior year was driven by margin expansion and disciplined cost management as the Company implemented an efficiency initiative in early 2025 and diversified its product mix.

In 2025, flight equipment sales were $56.4 million and consisted of 13 engines, compared to $110.1 million from 20 engines and one aircraft in the prior year period. Excluding flight equipment sales, revenue during the full year of 2025 grew 18.7% yearoveryear as the company continued to grow the more recurring parts of the business.  

Asset Management revenue was $211.6 million, compared to $215.5 million in 2024 due to lower flight equipment sales, which were partially offset by increased USM volume and increased leasing activity.

TechOps revenue for the full year of 2025 decreased 4.5% to $123.7 million from $129.6 million for the full year of 2024, driven by decreases at our on-airport MRO facilities, which were partially offset by increased revenue from the Company’s aerostructures and landing gear MRO facilities, as well as higher demand for our AerSafeTM  product.

The gross margin for the full year of 2025 was 31.5%, compared to 30.1% in 2024, reflecting a favorable sales mix, increased contribution from recurring aftermarket and leasing activities, and disciplined cost management across the business.

Selling, general, and administrative expenses were $90.0 million for full year of 2025 versus $94.2 million for full year of 2024. AerSale incurred $4.9 million of share-based compensation expense in 2025, versus $4.3 million in 2024.

Income from operations was $15.8 million for the full year of 2025, compared to income from operations of $9.7 million for the full year of 2024.

Income tax expense was $2.0 million in 2025, compared to $2.0 million in 2024. The Company’s effective tax rate was 18.5% for full year of 2025 compared to 25.3% for full year of 2024.

Net income for 2025 was $8.6 million, compared to net income of $5.9 million in the prior year. The Company recognized a mark-to-market adjustment benefit of $0.1 million related to the private warrant liability, $4.9 million of share-based compensation expenses within payroll expenses, $0.2 million in non-cash inventory write-downs, $1.4 million in facility relocation costs, $1.1 million in restructuring costs, and $0.4 million related to a legal settlement. Excluding these non-cash and unusual items and adjusted for tax, adjusted net income1 was $15.8 million in 2025, compared to adjusted net income1 of $9.5 million in 2024.

Diluted earnings per share was $0.18 for 2025 and $0.11 in 2024. Adjusted for the non-cash and unusual items noted above, adjusted diluted earnings per share1 was $0.33 for full year of 2025 while adjusted diluted earnings per share1 was $0.18 in full year of 2024.

AerSale ended the year with $71.6 million in liquidity, including $4.4 million in cash and $67.2 million available on our $180 million revolving credit facility, expandable to $200 million. Cash used in operating activities in 2025 was $23.0 million, primarily related to feedstock acquisitions as we continue to grow the Asset Management segment.


Conference Call Information

The Company will host a conference call today, March 5, 2026 at 4:30 pm Eastern Time to discuss these results. A live audio webcast will be available to the public on a listen-only basis at https://ir.aersale.com/news-events/events. An archived replay of the webcast will also be available on the Investors portion of the AerSale website at https://ir.aersale.com/ for one year.

Non-GAAP Financial Measures

This press release includes non-GAAP financial measures, including adjusted EBITDA, adjusted net income, and adjusted diluted earnings per share. AerSale defines adjusted EBITDA as net income excluding interest expense, depreciation and amortization, income tax expense, and other non-cash, non-recurring or unusual items. Adjusted net income is defined as net income excluding mark-to-market adjustments relating to our private warrants, stock-based compensation expense and other non-cash, non-recurring or unusual items. Adjusted diluted earnings per share is adjusted net income divided by the diluted weighted average number of shares outstanding during the measurement period.

AerSale believes these non-GAAP measures of financial results provide useful information to management and investors regarding certain financial and business trends relating to AerSale’s financial condition and results of operations. AerSale’s management uses certain of these non-GAAP measures to compare AerSale’s performance to that of prior periods for trend analyses and for budgeting and planning purposes. These non- GAAP measures should not be construed as an alternative to net income or net income margin as an indicator of operating performance or as an alternative to cash flow provided by operating activities as a measure of liquidity (each as determined in accordance with GAAP).

You should review AerSale’s audited financial statements, and not rely on any single financial measure to evaluate AerSale’s business. Other companies may calculate adjusted EBITDA, adjusted net income, or adjusted diluted earnings per share differently, and therefore AerSale’s adjusted EBITDA, adjusted net income, or adjusted diluted earnings per share measures may not be directly comparable to similarly titled measures of other companies.

Reconciliations of Net Income, the Company’s closest GAAP measure, to adjusted EBITDA, adjusted net income, and adjusted diluted earnings per share, are outlined in the tables below following the Company’s condensed consolidated financial statements.

End Notes

(1) Adjusted net income, adjusted EBITDA and adjusted diluted earnings per share are non-GAAP measures. See “Non-GAAP Financial Measures” and “Adjusted EBITDA, Net Income and Diluted EPS Reconciliation Table” at the end of this press release for a discussion of why we believe these non-GAAP measures are useful together with a detailed reconciliation of these measures to the most directly comparable GAAP (Generally Accepted Accounting Principles) measure.

(2) For the twelve months ended December 31, 2025, an additional $11.4 million of feedstock acquisitions were under contract.


Fourth Quarter and Full Year 2025 Financial Results

AERSALE CORPORATION AND SUBSIDIARIES

Consolidated Statements of Operations

(in thousands, except share and per share data)

(Unaudited)

Three Months Ended December 31, 

Year Ended December 31, 

  ​ ​ ​

2025

  ​ ​ ​

2024

2025

  ​ ​ ​

2024

Revenue:

Products

$

57,793

$

62,323

$

206,472

$

214,950

Leasing

 

9,936

 

7,878

 

35,071

 

22,146

Services

 

23,208

 

24,540

 

93,743

 

107,970

Total revenue

 

90,937

 

94,741

 

335,286

 

345,066

Cost of sales and operating expenses:

Cost of products

 

37,694

 

41,322

 

143,258

 

141,152

Cost of leasing

 

3,628

 

2,957

 

12,136

 

8,468

Cost of services

 

18,629

 

20,717

 

74,118

 

91,510

Total cost of sales

 

59,951

 

64,996

 

229,512

 

241,130

Gross profit

 

30,986

 

29,745

 

105,774

 

103,936

Selling, general and administrative expenses

 

23,936

 

24,808

 

89,984

 

94,192

Income from operations

 

7,050

 

4,937

 

15,790

 

9,744

Other (expense) income:

 

 

 

 

Interest expense, net

 

(2,330)

 

(1,472)

 

(8,330)

 

(5,703)

Other income, net

832

1,096

2,982

1,495

Change in fair value of warrant liability

32

(47)

85

2,301

Total other expense, net

 

(1,466)

 

(423)

 

(5,263)

 

(1,907)

Income before income tax provision

 

5,584

 

4,514

 

10,527

 

7,837

Income tax expense

 

(187)

 

(1,812)

 

(1,952)

 

(1,986)

Net income

$

5,397

$

2,702

$

8,575

$

5,851

Earnings per share:

Basic

$

0.11

$

0.05

$

0.18

$

0.11

Diluted

$

0.11

$

0.05

$

0.18

$

0.11

Weighted average shares outstanding:

Basic

47,195,724

53,222,762

48,378,882

53,113,508

Diluted

47,766,486

53,501,235

48,754,585

53,359,085


AERSALE CORPORATION AND SUBSIDIARIES

Consolidated Balance Sheet

(in thousands, except share data)

  ​ ​ ​

December 31, 

  ​ ​ ​

December 31, 

2025

  ​ ​ ​

2024

Current assets:

Cash and cash equivalents

$

4,379

$

4,698

Accounts receivable, net of allowance for credit losses of $1,173 as of December 31, 2025 and December 31, 2024

 

42,654

 

34,646

Income tax receivable

1,728

1,994

Inventory:

Aircraft, airframes, engines, and parts, net

 

205,379

 

224,832

Advance vendor payments

 

5,679

 

6,803

Deposits, prepaid expenses, and other current assets

 

9,170

 

11,057

Total current assets

 

268,989

 

284,030

Fixed assets:

 

Aircraft and engines held for lease, net

 

102,361

 

67,847

Property and equipment, net

 

32,006

 

36,331

Inventory:

Aircraft, airframes, engines, and parts, net

 

158,385

 

130,958

Operating lease right-of-use assets

30,130

 

33,105

Deferred income taxes

 

8,784

 

10,171

Deferred financing costs, net

 

1,024

 

1,296

Other assets

 

586

 

595

Goodwill

 

19,860

 

19,860

Other intangible assets, net

 

18,347

 

20,530

Total assets

$

640,472

$

604,723

Current liabilities:

 

Accounts payable

$

29,645

$

34,184

Accrued expenses

 

7,233

 

7,400

Income tax payable

 

329

 

-

Lessee and customer purchase deposits

 

780

 

1,734

Current operating lease liabilities

4,313

4,356

Current portion of long-term debt

993

605

Deferred revenue

 

530

 

1,781

Deferred insurance proceeds

28,610

24,910

Total current liabilities

 

72,433

 

74,970

Revolving credit facility

110,053

 

39,235

Long-term debt

1,284

 

1,209

Long-term lease deposits

3,492

2,987

Long-term operating lease liabilities

28,190

30,565

Maintenance deposit payments and other liabilities

 

589

 

52

Warrant liability

-

85

Total liabilities

216,041

149,103

Stockholders’ equity:

 

Common stock, $0.0001 par value. Authorized 200,000,000 shares; issued and outstanding 47,221,513 and 53,252,563 shares as of December 31, 2025 and December 31, 2024, respectively

 

5

 

5

Additional paid-in capital

 

276,729

 

316,493

Retained earnings

 

147,697

 

139,122

Total stockholders' equity

 

424,431

 

455,620

Total liabilities and stockholders’ equity

$

640,472

$

604,723


AERSALE CORPORATION AND SUBSIDIARIES

Consolidated Statements of Cash Flows

(in thousands)

  ​ ​ ​

Year Ended December 31, 

2025

  ​ ​ ​

2024

Cash flows from operating activities:

Net income

$

8,575

$

5,851

Adjustments to reconcile net income to net cash used in (provided by) operating activities

Depreciation and amortization

 

19,334

 

16,048

Amortization of debt issuance costs

 

392

 

337

Amortization of operating lease assets

557

 

365

Inventory reserve

 

3,476

 

3,695

Provision for doubtful accounts

 

-

 

195

Deferred income taxes

 

1,387

 

2,032

Change in fair value of warrant liability

(85)

(2,301)

Share-based compensation

4,887

4,347

Changes in operating assets and liabilities:

 

 

Accounts receivable

 

(8,008)

 

(3,601)

Income tax receivable

266

(366)

Inventory

 

(54,800)

 

(78,029)

Deposits, prepaid expenses, and other current assets

 

1,887

 

1,450

Other assets

 

9

 

(745)

Advance vendor payments

 

1,124

 

28,954

Accounts payable

 

(4,539)

 

4,287

Income tax payable

329

-

Accrued expenses

 

(232)

 

1,832

Deferred revenue

 

(1,251)

 

(1,217)

Lessee and customer purchase deposits

 

(449)

 

3,152

Deferred insurance proceeds

3,700

24,910

Other liabilities

 

472

 

(12)

Net cash used in (provided by) operating activities

 

(22,969)

 

11,184

Cash flows from investing activities:

 

  ​

 

  ​

Proceeds from sale of assets

 

6,381

 

12,900

Acquisition of aircraft and engines held for lease, including capitalized costs

 

(4,160)

 

(14,978)

Purchase of property and equipment

 

(6,081)

 

(14,052)

Net cash used in investing activities

 

(3,860)

 

(16,130)

Cash flows from financing activities:

 

  ​

 

  ​

Proceeds from long-term debt

1,173

 

2,429

Repayments of long-term debt

 

(710)

 

(9,174)

Proceeds from revolving credit facility

 

305,418

 

192,644

Repayments of revolving credit facility

 

(234,600)

 

(182,409)

Payments of debt issuance costs

(120)

(126)

Purchase of treasury stock

(45,000)

 

-

Proceeds from the issuance of Employee Stock Purchase Plan shares

386

531

Taxes paid related to net share settlement of equity awards

(37)

(124)

Net cash provided by financing activities

 

26,510

 

3,771

Decrease in cash and cash equivalents

 

(319)

 

(1,175)

Cash and cash equivalents, beginning of period

 

4,698

 

5,873

Cash and cash equivalents, end of period

$

4,379

$

4,698

Supplemental disclosure of cash activities

 

 

Income tax refunds, net

$

(468)

$

(13)

Interest paid

$

8,031

$

5,648

Supplemental disclosure of noncash investing activities

Reclassification of inventory to equipment held for lease, net

$

33,552

$

43,210

Reclassification of inventory to property and equipment, net

$

3,417

$

-

Reclassification of equipment held for lease, net from property and equipment, net

$

(8,773)

$

-


AERSALE CORPORATION AND SUBSIDIARIES

Adjusted EBITDA, Adjusted Net Income and Adjusted Basic/Diluted EPS Reconciliation Table

(in thousands, except per and percentage share data)

(Unaudited)

Three Months Ended December 31, 

Year Ended December 31, 

  ​ ​ ​

  ​ ​ ​

% of Total

  ​ ​ ​

% of Total

  ​ ​ ​

  ​ ​ ​

% of Total

  ​ ​ ​

  ​ ​ ​

% of Total

  ​ ​ ​

2025

  ​ ​ ​

Revenue

  ​ ​ ​

2024

  ​ ​ ​

Revenue

  ​ ​ ​

2025

  ​ ​ ​

Revenue

  ​ ​ ​

2024

  ​ ​ ​

Revenue

Reported net income

$

5,397

5.9

%

$

2,702

2.9

%

$

8,575

2.6

%

$

5,851

1.7

%

Addbacks:

Change in fair value of warrant liability

(32)

(0.0)

%

47

0.0

%

(85)

(0.0)

%

(2,301)

(0.7)

%

Share-based compensation

1,762

1.9

%

1,188

1.3

%

4,887

1.5

%

4,347

1.3

%

Payroll taxes related to share-based compensation

-

-

%

-

-

%

66

0.0

%

102

0.0

%

Inventory write-off

165

0.2

%

1,135

1.2

%

165

0.0

%

898

0.3

%

Secondary offering costs

-

-

%

-

-

%

-

-

%

55

0.0

%

Facility relocation costs

312

0.3

%

363

0.4

%

1,446

0.4

%

1,519

0.4

%

Restructuring costs

-

-

%

216

0.2

%

1,072

0.3

%

216

0.1

%

Legal settlement

-

-

%

-

-

%

400

0.1

%

-

-

%

Gain on insurance proceeds

-

-

%

(1,038)

(1.1)

%

-

-

%

(1,038)

(0.3)

%

Income tax effect of adjusting items (1)

(75)

(0.1)

%

162

0.2

%

(700)

(0.2)

%

(129)

(0.0)

%

Adjusted net income

$

7,529

8.3

%

$

4,775

5.0

%

$

15,826

4.7

%

$

9,520

2.8

%

Interest expense, net

2,330

2.6

%

1,472

1.6

%

8,330

2.5

%

5,703

1.7

%

Income tax expense

187

0.2

%

1,812

1.9

%

1,952

0.6

%

1,986

0.6

%

Depreciation and amortization

5,097

5.6

%

5,103

5.4

%

19,334

5.8

%

16,048

4.7

%

Reversal of income tax effect of adjusting items (1)

75

0.1

%

(162)

(0.2)

%

700

0.2

%

129

0.0

%

Adjusted EBITDA

$

15,218

16.7

%

$

13,000

13.7

%

$

46,142

13.8

%

$

33,386

9.7

%

Reported basic earnings per share

$

0.11

$

0.05

$

0.18

$

0.11

Addbacks:

Change in fair value of warrant liability

(0.00)

0.00

(0.00)

(0.04)

Share-based compensation

0.04

0.02

0.10

0.08

Payroll taxes related to share-based compensation

-

-

0.00

0.00

Inventory write-off

0.00

0.02

0.00

0.02

Secondary offering costs

-

-

-

0.00

Facility relocation costs

0.01

0.01

0.03

0.03

Restructuring costs

-

0.01

0.02

0.00

Legal settlement

-

-

0.01

-

Gain on insurance proceeds

-

(0.02)

-

(0.02)

Income tax effect of adjusting items

(0.00)

0.00

(0.01)

(0.00)

Adjusted basic earnings per share

$

0.16

$

0.09

$

0.33

$

0.18

Reported diluted earnings per share

$

0.11

$

0.05

$

0.18

$

0.11

Addbacks:

Change in fair value of warrant liability

(0.00)

0.00

(0.00)

(0.04)

Share-based compensation

0.04

0.02

0.10

0.08

Payroll taxes related to share-based compensation

-

-

0.00

0.00

Inventory write-off

0.00

0.02

0.00

0.02

Secondary offering costs

-

-

-

0.00

Facility relocation costs

0.01

0.01

0.03

0.03

Restructuring costs

-

0.01

0.02

0.00

Legal settlement

-

-

0.01

-

Gain on insurance proceeds

-

(0.02)

-

(0.02)

Income tax effect of adjusting items

(0.00)

0.00

(0.01)

(0.00)

Adjusted diluted earnings per share

$

0.16

$

0.09

$

0.33

$

0.18

(1) The income tax effect of current period adjusting items is calculated at the Company's applicable statutory rate of 24% after considering federal and state tax rates.


Forward Looking Statements

This press release includes “forward-looking statements”. We intend such forward-looking statements to be covered by the safe harbor provisions for forward-looking statements contained in Section 27A of the Securities Act of 1933, as amended (the “Securities Act”), and Section 21E of the Securities Exchange Act of 1934, as amended (the “Exchange Act”). All statements other than statements of historical facts contained in this press release may constitute forward-looking statements, and include, but are not limited to, statements regarding our anticipated financial performance, including anticipations regarding greater demand for AerSale’s USM business; expectations regarding feedstock and commercial demand; our growth trajectory; the expected operating capacity of our MRO facilities and demand for such services; and the sufficiency of our liquidity; AerSale’s actual results may differ from their expectations, estimates and projections and consequently, you should not rely on these forward-looking statements as predictions of future events. Words such as “expect,” “estimate,” “project,” “budget,” “forecast,” “anticipate,” “intend,” “plan,” “may,” “will,” “could,” “should,” “believes,” “predicts,” “potential,” “continue,” or the negative of these or other similar expressions are intended to identify such forward-looking statements. The forward-looking statements in this press release are only predictions. We have based these forward-looking statements largely on our current expectations and projections about future events and financial trends that we believe may affect our business, financial condition and results of operations. You should carefully consider the foregoing factors and the other risks and uncertainties described in the Risk Factors, Management’s Discussion and Analysis of Financial Condition and Results of Operations sections of the Company's most recent Annual Report on Form 10-K filed with the Securities and Exchange Commission ("SEC"), and its other filings with the SEC, including its subsequent quarterly reports on Form 10-Q. These filings identify and address other important risks and uncertainties that could cause actual events and results to differ materially from those contained in the forward-looking statements. Moreover, we operate in an evolving environment. New risk factors and uncertainties may emerge from time to time, and it is not possible for management to predict all risk factors and uncertainties.

Forward-looking statements speak only as of the date they are made. Readers are cautioned not to put undue reliance on forward-looking statements and we qualify all of our forward-looking statements by these cautionary statements. Except as required by applicable law, we do not plan to publicly update or revise any forward-looking statements contained herein, whether as a result of any new information, future events, changed circumstances or otherwise.

About AerSale

AerSale is a global provider of integrated aviation aftermarket services and solutions, serving operators of Boeing, Airbus, and legacy McDonnell Douglas aircraft. The Company helps aircraft owners and operators optimize the value, safety, and operational efficiency of their fleets across the entire aircraft lifecycle.

AerSale’s comprehensive capabilities include aircraft and engine sales and leasing, used serviceable material (USM) sales, component and airframe MRO services, and FAA-certified engineered solutions. Through internally developed products such as AerSafe®, AerTrak®, and the AerAware™ Enhanced Flight Vision System, AerSale delivers innovative technologies that enhance aircraft performance, improve safety, and reduce operating costs.

With deep technical expertise and a fully integrated business model, AerSale provides everything customers need—through a single, trusted partner.

Media Contacts:

For more information about AerSale, please visit our website: www.AerSale.com.

Follow us on: LinkedIn | Twitter | Facebook | Instagram

AerSale: Jackie Carlon

Telephone: (305) 764- 2000

Email: media.relations@aersale.com

Investor Contact:

AerSale: investorrelations@aersale.com

Source: AerSale Corporation