StandardAero, Inc.
For the period ended Dec 31, 2025. Filed Feb 26, 2026.
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FY2025 · Filed Feb 26, 2026
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STATEMENTS OF OPERATIONS (Parent Company)
| Year Ended December 31, | |||
|---|---|---|---|
| 2025 | 2024 | 2023 | |
| Equity in net income (loss) of subsidiaries | $277,417 | $10,974 | $(35,061) |
| Net income (loss) | 277,417 | 10,974 | (35,061) |
| Equity in other comprehensive income (loss) of subsidiaries | 3,253 | (4,460) | (17,255) |
| Total Comprehensive income (loss) | $280,670 | $6,514 | $(52,316) |
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Parent Company)
Business
StandardAero, Inc. (formerly Dynasty Parent Co., Inc.) (the “Company” or “Parent Company”) was incorporated on September 5, 2018, in the state of Delaware.
Accounting Policies
These condensed Parent Company only financial statements have been prepared in accordance with Rule 12-04 of Regulation S-X, as stipulated by Rule 5-04, Section I from Regulation S-X. The ability of the Parent Company’s operating subsidiaries to pay dividends is restricted due to the terms of the Credit Agreement (as defined in Note 12, “Long-term debt,” to the audited consolidated financial statements) and indenture.
A statement of cash flows has not been included in these condensed financial statements because there was no cash activity for the Parent Company in the periods presented.
Parent Company is a holding company that conducts substantially all of its business operations through its subsidiaries. These condensed Parent Company only financial statements have been prepared using the same accounting principles and policies described in the notes to the consolidated financial statements, with the only exception being that the Parent Company accounts for investments in its subsidiaries using the Parent Company’s proportionate share of the subsidiary as the basis of accounting. These condensed financial statements should be read in conjunction with the consolidated financial statements and related notes thereto.
Use of estimates
Preparation of the condensed financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the amounts reported in the financial statements and accompanying disclosures. Those estimates are inherently subject to change, and actual results may ultimately differ from those estimates.
NOTE 26: SUBSEQUENT EVENTS
January 2026 Secondary Offering and Share Repurchase
On January 29, 2026, the Selling Stockholders completed a public offering of an aggregate of 57,500,000 shares of Common Stock (including the full exercise by the underwriters of their option to purchase up to an additional 7,500,000 shares) at a price to the public of $31.00 per share (the “January 2026 Offering”).
On January 29, 2026, the Company completed the repurchase of 1,637,465 shares of Common Stock from a selling stockholder affiliated with GIC (the “GIC Stockholder”) in a private transaction at a price of $30.54 per share (the “Share Repurchase”). The Share Repurchase was made pursuant to the Company’s existing stock repurchase program approved by its board of directors in December 2025 and pursuant to a stock purchase agreement, dated January 20, 2026, with the GIC Stockholder. The Share Repurchase was conditioned upon the completion of the January 2026 Offering and closed concurrently with such offering. The repurchased shares of Common Stock areno longer outstanding.
As of January 29, 2026, Carlyle and GIC own approxim ately 31.4% and 7.1% of the Company’s outstanding Common Stock, respectively.
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