Jet fuel supplier China Aviation Oil has reported revenue of US$16.9 billion for its FY2025, an increase of 5.94% over the previous year. However, earnings reached a record of US$110.6 million for FY2025, a jump of 41.69%, as the company booked more profits from trading, and also enjoyed more profits from its associates.
The debt-free company, as at Dec 31 2025, held cash of US$687.00 million, up from US$500.33 million in FY2024.
CAO plans to pay a final dividend of 4.96 cents, which is equivalent to a payout ratio of 30%.
CEO Lin Yi calls 2025 a year marked by significant external pressures, from geopolitical instability and trade tensions.
Nonetheless, the company was able to capture the recovery of the aviation industry, especially in China, where total passenger volumes increased by 5.5% to 770.14 million, and international route passengers increased by 21.6%.
"We maintain a cautiously optimistic stance as we look toward 2026," says Lin.
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Executive chairman Xu Guohong warns that the global geopolitical landscape is likely to remain fluid, with trade conditions continuing to be complex and volatile.
"While contributing to the resilience and recovery of the global aviation industry, we are confident in the steadfast growth momentum of the Chinese and international aviation markets," says Xu.
CAO shares were changing hands at $1.95 ahead of the lunch break, down 1.52%.
