Bombardier has revealed its financial results for the second quarter of 2025, placing the company on track to meet its full-year guidance. The second quarter saw a sharp increase in orders, boosted by solid Bombardier Defense activity and a large-scale order for 50 firm aircraft and 70 options from a new customer. Services revenues also increased by an impressive 16 per cent year-over-year, and the company's service network and offerings continued to expand.

“The Bombardier team has performed at a very high level in the first half of the year, setting our company on the path to meet 2025 guidance and confidently step into the future with a large, diversified backlog, an expanding service infrastructure, new Defense opportunities and the world's fastest business jet, the Global 8000, crowning a second-to-none portfolio,” says Éric Martel, president and chief executive officer, Bombardier. “Demand for our products and services remains strong in traditional business jet markets and continues to garner new opportunities in defence markets. Our diversified growth mindset took centre stage at the Paris Airshow where Bombardier Defense deepened existing ties, forged new ones and secured strategic orders. We have the right ingredients in place to succeed in the near-term and the right foundations to sustainably grow our business long-term.”

The company's services business maintained impressive revenue momentum reporting 16 per cent growth year-over-year and reaching $590 million for the quarter. The company continues to recruit technicians worldwide to maximise its footprint, while adding conveniently located services for customers. As announced earlier this year, expansion plans are on track for a new maintenance facility located in Abu Dhabi as well as a large paint facility in the UK, located at the company's London Biggin Hill Service Centre.

The service network is well equipped to serve the growing fleet, to which Bombardier added 36 Challenger and Global aircraft in the second quarter, with the quarter-specific delivery mix leaning toward Challenger jets based on planned schedule. First-half deliveries totalled 59 aircraft, consistent year-over-year, placing the company on a steady pace to meet its year-end guidance.

The company generated US$2.0 billion in total revenues during the second quarter, with adjusted EBITDA and reported EBIT reaching $297 million and $205 million respectively. Net income came in at $193 million. Adjusted net income reached $117 million, compared to $111 million recorded year-over-year. Diluted EPS was $1.87, a $1.75 increase compared to the same quarter last year, while adjusted EPS was at $1.11.

The company ended the quarter with free cash flow usage of $164 million, largely resulting from inventory build to meet higher expected aircraft deliveries in the second half of the year. Cash flow usage from operating activities and net additions to PP&E and intangible assets were at $128 million and $36 million respectively.

The backlog reached a total value of $16.1 billion as at June 30, 2025, an impressive growth of $1.9 billion compared to the previous quarter, representing Bombardier's highest single-quarter business jet unit order volume in more than a decade. This impressive result was fuelled by a large-scale order of 50 firm aircraft combined with a maintenance services partnership for a first-time customer at the end of June 2025. Growing demand in multiple key regions across traditional business jet sales and defence aircraft also contributed to the 2.3 unit book-to-bill as at June 30, 2025.

The company maintained sound financial management with available liquidity at $1.2 billion; cash and cash equivalents were $811 million as at June 30, 2025. Debt management and financial discipline remain priorities and, as part of this focus, Bombardier refinanced $500 million of its Senior Notes due in 2027, with the new Senior Notes now due in 2033. The company's proactive debt management contributed to a credit rating upgrade from S&P Global Ratings to BB-, with a stable outlook. Moody's Ratings also reviewed Bombardier's outlook, upgrading it from stable to positive.