Jet2 Reports Record Results and Announces £250m Share Buyback
Why we think this is good
Despite facing headwinds and a challenging market environment, Jet2 has delivered a robust financial performance. The company reported a 15% increase in revenue to £7,173.5m and a 12% rise in profit before taxation to £593.2m. While there's a slight decline in operating margin, the overall financial health remains strong with a 17% increase in net cash to £2,017.9m. The announcement of a 13% increase in final dividend and a £250m share buyback program demonstrates management's confidence in the company's future prospects. However, it's important to note the cautionary tone regarding later booking trends and evolving geo-political and economic landscapes, which could impact short-term performance.
Key Points
- Revenue increased 15% to £7,173.5m
- Profit before taxation up 12% to £593.2m
- Package holiday customers grew 8% to 6.58m
- Flight-only passengers increased 18% to 6.62m
- Net cash up 17% to £2,017.9m
- Final dividend increased 13% to 12.1p per share
- Announced £250m share buyback program
- Trading in line with market expectations for FY26
- Noted challenges including later booking trends and economic uncertainty
Summary
Jet2 plc has reported strong financial results for the year ended 31 March 2025, with revenue up 15% to £7,173.5m and profit before taxation increasing 12% to £593.2m. The company saw growth in both package holiday customers (up 8%) and flight-only passengers (up 18%). Despite a slight decline in operating margin, Jet2 maintained a strong financial position with net cash increasing 17% to £2,017.9m. The company has announced a 13% increase in final dividend to 12.1p per share and a £250m share buyback program, demonstrating confidence in its future prospects. However, management noted challenges including later booking trends and evolving geo-political and economic landscapes. Jet2 is currently trading in line with market expectations for the next financial year.