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Copa Corp, First Half Ordinary Profit Loss Narrows, Jun-Aug Ordinary Profit Turns to Profit

Wed Oct 15, 2025 3:30 pm JST Earnings

7689 Copa Corporation Inc. 【J-GAAP】

Earnings Report

Copa Corporation Inc. <7689> [TSE Growth] announced its financial results after the market closed on October 15th (15:30). The ordinary loss (non-consolidated) for the cumulative second quarter of the fiscal year ending February 2026 (March to August) was a reduced loss of 51 million yen (compared to a loss of 61 million yen in the same period last year).

Based on the first-half performance announced by the company and the unchanged full-year plan, our calculation indicates that the ordinary loss for the September to February period (second half) is expected to further decrease loss of 38 million yen (compared to a loss of 217 million yen in the same period last year).

In the most recent three-month period, from June to August (2Q), the ordinary profit/loss turned to a profit of 42 million yen (compared to a loss of 16 million yen in the same period last year). The operating profit/loss margin drastically improved from -2.4% in the same period last year to 5.6%.

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Actual Results

Accumulated Results 2nd Quarter
Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Progress Rate vs. First Half Announce Accounting Standards
Mar - Aug, 2023 1,385 -119 -120 -85 -29.0 Oct 13, 2023 J-GAAP
Mar - Aug, 2024 1,266 -64 -61 -61 -20.9 Oct 15, 2024 J-GAAP
Mar - Aug, 2025 1,136 -52 -51 -52 -17.6 Oct 15, 2025 J-GAAP
YoY -10.3% +18.8% +16.4% +14.8% +15.6%

First Half Results vs. Previous Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar - Aug, 2025 Guidance 0 Apr 14, 2025 J-GAAP
Mar - Aug, 2025 Results 1,136 -52 -51 -52 -17.6 0 Oct 15, 2025 J-GAAP
Revision Rate

Current Period Guidance

Second Half Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Sep - Feb, 2024 786 -217 -217 -376 -127.1 0 Apr 14, 2025 J-GAAP
Sep - Feb, 2025 Guidance 1,263 -37 -38 -38 -12.8 0 Oct 15, 2025 J-GAAP
YoY +60.7% +82.9% +82.5% +89.9% +89.9%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Feb, 2024 2,205 -371 -371 -1,281 -432.6 0 Apr 12, 2024 J-GAAP
Feb, 2025 2,052 -281 -278 -437 -147.8 0 Apr 14, 2025 J-GAAP
Feb, 2026 Guidance 2,399 -89 -89 -90 -30.4 0 Apr 14, 2025 J-GAAP
YoY +16.9% +68.3% +68.0% +79.4% +79.4%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jun - Aug, 2024 792 -19 -16 -16 -5.5 -2.4 Oct 15, 2024 J-GAAP
Sep - Nov, 2024 379 -108 -109 -109 -36.9 -28.5 Jan 14, 2025 J-GAAP
Dec - Feb, 2024 407 -109 -108 -267 -90.3 -26.8 Apr 14, 2025 J-GAAP
Mar - May, 2025 386 -94 -93 -93 -31.7 -24.4 Jul 14, 2025 J-GAAP
Jun - Aug, 2025 750 42 42 41 13.9 5.6 Oct 15, 2025 J-GAAP
YoY -5.3%

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