Reported Earnings • May 01
Full year 2025 earnings released: EPS: US$0.016 (vs US$0.019 in FY 2024) Full year 2025 results: EPS: US$0.016 (down from US$0.019 in FY 2024). Revenue: US$8.75m (flat on FY 2024). Net income: US$4.07m (down 10.0% from FY 2024). Profit margin: 47% (down from 52% in FY 2024). Over the last 3 years on average, earnings per share has increased by 10% per year but the company’s share price has increased by 41% per year, which means it is tracking significantly ahead of earnings growth. New Risk • Apr 17
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2025. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (2.5x net interest cover). Minor Risks Latest financial reports are more than 6 months old (reported June 2025 fiscal period end). Market cap is less than US$100m (US$41.0m market cap). Announcement • Oct 07
DP Aircraft I Limited, Annual General Meeting, Nov 20, 2025 DP Aircraft I Limited, Annual General Meeting, Nov 20, 2025. Reported Earnings • Oct 01
First half 2025 earnings released: EPS: US$0.008 (vs US$0.011 in 1H 2024) First half 2025 results: EPS: US$0.008 (down from US$0.011 in 1H 2024). Revenue: US$4.34m (flat on 1H 2024). Net income: US$2.01m (down 24% from 1H 2024). Profit margin: 46% (down from 61% in 1H 2024). Over the last 3 years on average, earnings per share has fallen by 19% per year but the company’s share price has increased by 45% per year, which means it is well ahead of earnings. Announcement • Jul 25
Dp Aircraft I Limited Appoints Howard Millar to the Board, Effective 24 July 2025 DP Aircraft I Limited announce the appointment of Mr. Howard Millar as a director of the Company with effect from 24 July 2025. Mr. Millar brings a wealth of experience in the aviation industry to the Board, having served as Deputy CEO and CFO of Ryanair Holdings PLC from 1992 to 2014 and where he continues to serve on the board as a non-executive director. Ryanair is listed on NASDAQ and Euronext Dublin. Mr. Millaris the Co-Founder and former CEO of Sirius Aviation Capital Holdings, a global aircraft leasing company headquartered in Abu Dhabi. He has also served on the boards of several international aviation businesses, including Viva Colombia and Viva Peru Airlines, ASL Airlines (a leading global cargo operator), and Applegreen Group, aformer UK-listed forecourt retailer with operations across the USA, UK, and Ireland. Reported Earnings • Apr 27
Full year 2024 earnings released: EPS: US$0.019 (vs US$0.01 loss in FY 2023) Full year 2024 results: EPS: US$0.019 (up from US$0.01 loss in FY 2023). Revenue: US$8.78m (flat on FY 2023). Net income: US$4.53m (up US$7.03m from FY 2023). Profit margin: 52% (up from net loss in FY 2023). Over the last 3 years on average, earnings per share has increased by 70% per year whereas the company’s share price has increased by 73% per year. New Risk • Apr 19
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2024. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (2.0x net interest cover). Minor Risks Latest financial reports are more than 6 months old (reported June 2024 fiscal period end). Share price has been volatile over the past 3 months (8.6% average weekly change). Market cap is less than US$100m (US$28.9m market cap). New Risk • Mar 28
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of British stocks, typically moving 8.0% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (2.0x net interest cover). Minor Risks Share price has been volatile over the past 3 months (8.0% average weekly change). Market cap is less than US$100m (US$25.6m market cap). New Risk • Nov 18
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 7.0% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (2.0x net interest cover). Minor Risks Shareholders have been diluted in the past year (7.0% increase in shares outstanding). Market cap is less than US$100m (US$15.0m market cap). Announcement • Oct 28
DP Aircraft I Limited, Annual General Meeting, Nov 27, 2024 DP Aircraft I Limited, Annual General Meeting, Nov 27, 2024. Location: east wing, trafalgar court, les banques, st peter port, gy1 3pp, Guernsey Reported Earnings • Oct 03
First half 2024 earnings released: EPS: US$0.011 (vs US$0.017 loss in 1H 2023) First half 2024 results: EPS: US$0.011 (up from US$0.017 loss in 1H 2023). Revenue: US$4.36m (flat on 1H 2023). Net income: US$2.65m (up US$6.72m from 1H 2023). Profit margin: 61% (up from net loss in 1H 2023). Over the last 3 years on average, earnings per share has increased by 133% per year but the company’s share price has only increased by 32% per year, which means it is significantly lagging earnings growth. New Risk • Oct 01
New major risk - Financial position The company's interest payments are not well covered by earnings. Net interest cover: 1.8x This is considered a major risk. If the company is unable to fund interest repayments on its debt through profits, it may be forced into reducing its debt burden through selling assets, undertaking a potentially costly capital raising or even into bankruptcy in the worst case scenario. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (1.8x net interest cover). Minor Risks Large one-off items impacting financial results. Market cap is less than US$100m (US$13.8m market cap). New Risk • Apr 29
New major risk - Financial position The company's interest payments are not well covered by earnings. Net interest cover: 2.3x This is considered a major risk. If the company is unable to fund interest repayments on its debt through profits, it may be forced into reducing its debt burden through selling assets, undertaking a potentially costly capital raising or even into bankruptcy in the worst case scenario. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (2.3x net interest cover). Minor Risks Latest financial reports are more than 6 months old (reported June 2023 fiscal period end). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (4.5% net profit margin). Market cap is less than US$100m (US$15.6m market cap). Reported Earnings • Apr 26
Full year 2023 earnings released: US$0.01 loss per share (vs US$0.034 profit in FY 2022) Full year 2023 results: US$0.01 loss per share (down from US$0.034 profit in FY 2022). Net loss: US$2.51m (down 133% from profit in FY 2022). Over the last 3 years on average, earnings per share has increased by 127% per year but the company’s share price has only increased by 23% per year, which means it is significantly lagging earnings growth. New Risk • Apr 07
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2023. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (2.3x net interest cover). Minor Risks Latest financial reports are more than 6 months old (reported June 2023 fiscal period end). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (4.5% net profit margin). Market cap is less than US$100m (US$15.0m market cap). Reported Earnings • Sep 24
First half 2023 earnings released: US$0.017 loss per share (vs US$0.014 profit in 1H 2022) First half 2023 results: US$0.017 loss per share (down from US$0.014 profit in 1H 2022). Revenue: US$4.34m (down 43% from 1H 2022). Net loss: US$4.07m (down 236% from profit in 1H 2022). Over the last 3 years on average, earnings per share has increased by 95% per year but the company’s share price has fallen by 9% per year, which means it is significantly lagging earnings. Announcement • Sep 21
DP Aircraft I Limited Provides Earnings Guidance for the Full Year 2023 DP Aircraft I Limited provides earnings guidance for the full year 2023. Net loss for 2023 is expected to amount to USD 6.1 billion compared to a net loss of USD 13.5 billion in 2022. Announcement • Aug 01
DP Aircraft I Limited, Annual General Meeting, Sep 19, 2023 DP Aircraft I Limited, Annual General Meeting, Sep 19, 2023, at 08:30 Coordinated Universal Time. Reported Earnings • Apr 30
Full year 2022 earnings released: EPS: US$0.034 (vs US$0.10 loss in FY 2021) Full year 2022 results: EPS: US$0.034 (up from US$0.10 loss in FY 2021). Revenue: US$16.5m (down 11% from FY 2021). Net income: US$7.66m (up US$29.5m from FY 2021). Profit margin: 47% (up from net loss in FY 2021). The move to profitability was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 37% per year but the company’s share price has fallen by 39% per year, which means it is significantly lagging earnings. Board Change • Dec 02
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 2 experienced directors. 1 highly experienced director. Independent Non-Executive Director Director Harald Brauns was the last director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Reported Earnings • Sep 30
First half 2022 earnings released: EPS: US$0.014 (vs US$0.12 loss in 1H 2021) First half 2022 results: EPS: US$0.014 (up from US$0.12 loss in 1H 2021). Revenue: US$7.58m (down 41% from 1H 2021). Net income: US$3.00m (up US$27.2m from 1H 2021). Profit margin: 40% (up from net loss in 1H 2021). Over the last 3 years on average, earnings per share has fallen by 27% per year but the company’s share price has fallen by 62% per year, which means it is performing significantly worse than earnings. Reported Earnings • Apr 29
Full year 2021 earnings released: US$0.10 loss per share (vs US$0.74 loss in FY 2020) Full year 2021 results: US$0.10 loss per share (up from US$0.74 loss in FY 2020). Revenue: US$18.4m (down 79% from FY 2020). Net loss: US$21.9m (loss narrowed 86% from FY 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 6 percentage points per year, which is a significant difference in performance. Reported Earnings • Sep 21
First half 2021 earnings released: US$0.12 loss per share (vs US$0.34 loss in 1H 2020) The company reported a decent first half result with reduced losses and improved control over expenses, although revenues were weaker. First half 2021 results: Revenue: US$12.9m (down 53% from 1H 2020). Net loss: US$24.2m (loss narrowed 66% from 1H 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 36 percentage points per year, which is a significant difference in performance. Reported Earnings • May 14
Full year 2020 earnings released: US$0.74 loss per share (vs US$0.11 profit in FY 2019) The company reported a mediocre full year result with weaker earnings and weaker control over costs, although revenues improved. Full year 2020 results: Revenue: US$88.6m (up 54% from FY 2019). Net loss: US$155.1m (down US$178.3m from profit in FY 2019). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 44 percentage points per year, which is a significant difference in performance. Announcement • Mar 04
DP Aircraft I Limited Signs Letter of Intent with Thai Airways DP Aircraft I Limited signed a Letter of Intent with Thai Airways under which the parties have agreed to amend the existing lease terms. The new terms provide for a 'power by the hour' (PBH) arrangement until the end of next year (i.e. rent will be payable by reference to actual monthly utilisation of the Thai Assets), with scaled back monthly lease payments thereafter, reflecting the reduced rates now seen in the market. The lease term will be extended from October 2026 to December 2029, with the Company retaining a right of early termination in October 2026. Thai Airways has also undertaken to ensure that the Thai Assets are airworthy and in flight ready condition in all respects by 30 June 2021, and on an ongoing basis. Reported Earnings • Sep 19
First half earnings released Over the last 12 months the company has reported total losses of US$60.5m, with earnings decreasing by US$83.0m from the prior year. Total revenue was US$56.2m over the last 12 months, down 1.9% from the prior year. 
