Revenue for the quarter was RM247 million, up 31% YoY and 11% Quarter-on-Quarter (“QoQ”)—ADE’s best quarterly growth yet. This was driven by 51% YoY higher revenue from base maintenance, while line maintenance revenue rose 18% YoY on a greater number of flights handled. Growth was supported by expanding work for third-party airlines such as Air France, secured in the preceding quarter, reflecting growing recognition of ADE’s technical capabilities. EBITDA surged 79% YoY to RM55 million, with margins holding steady at 23%. Higher consumables tracked hangar capacity and activity expansion, offset by lower staff costs from operational optimisation initiatives. NOP and PAT margins came in at 11% and 14% respectively, supported by strong topline growth, favourable forex during the period and lower interest expenses following principal repayments.

For FY2025, revenue reached a new high of nearly RM895 million, with EBITDA of RM205 million and RM93 million NOP, reflecting scale benefits and improved financial efficiency.

Commenting on the business outlook, ADE’s  Chief Executive Officer, Mahesh Kumar said, “ADE is entering its next phase of growth from a position of strength. We are finalising a USD100 million debt facility to strengthen our capital base and accelerate expansion beyond Malaysia into Thailand, the Philippines and Bahrain—anchored to AirAsia’s Middle East hub and opening access to Europe. In addition to scale, we are also building depth. As part of our workshop expansion, we are progressively enhancing component and engine-related expertise to capture higher-value work in the maintenance cycle. And with our training centre set to commence operations soon, we are also building the talent pipeline needed to sustain growth and position ADE as a leading regional MRO platform.”