Athens International Airport S.A. (ATH:AIA)

ATH:AIA Cash Flow Statement

Financials in millions EUR. Fiscal year is January - December.

Operating Activities

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Net Income	196.53	207.25	235.91	231.51	168.05	158.82
Depreciation & Amortization	84.63	82.38	79.95	76.5	77.03	77.13
Other Amortization	1.57	1.5	1.15	1.19	1.19	0.65
Loss (Gain) From Sale of Assets	-	-	-	0	-0	0.2
Loss (Gain) on Equity Investments	-0.58	-0.58	-0.55	-0.42	-	-
Provision & Write-off of Bad Debts	0.26	-0.07	0.09	-0.04	0.05	0.4
Other Operating Activities	29.93	10.08	-38.58	-1.45	-7.86	14.11
Change in Accounts Receivable	11.32	16.65	-9.05	21.66	20.96	-
Change in Inventory	-0.41	-0.02	-0.44	-0.2	-0.29	-
Change in Other Net Operating Assets	-18.43	-3.66	5.58	9.16	35.42	-92.1
Operating Cash Flow	304.83	313.53	274.05	337.92	294.55	159.22
Operating Cash Flow Growth	16.71%	14.41%	-18.90%	14.72%	85.00%	65.29%

Investing Activities

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Capital Expenditures	-111.88	-161.01	-33.05	-46.88	-51.7	-21.54
Other Investing Activities	6.04	5.9	8.01	13.91	0.54	0
Investing Cash Flow	-105.84	-155.1	-25.03	-32.97	-51.16	-21.54

Financing Activities

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Long-Term Debt Issued	-	72.76	20.94	49.9	935.25	9.19
Long-Term Debt Repaid	-	-62.83	-55.71	-54.11	-798.06	-121.55
Lease Payments	-1.09	-1.1	-1.07	-1.15	-0.64	-0.24
Net Debt Issued (Repaid)	575.43	9.93	-34.76	-4.21	137.2	-112.36
Repurchase of Common Stock	-1.8	-0.25	-	-	-	-
Common Dividends Paid	-121.61	-151.11	-229	-555	-201	-
Other Financing Activities	0	0	-	0	0	-
Financing Cash Flow	452.02	-141.43	-263.76	-559.21	-63.8	-112.36

Net Cash Flow

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Miscellaneous Cash Flow Adjustments	-0	-0	-	-0	-0	0
Net Cash Flow	651.01	17	-14.74	-254.26	179.59	25.31

Free Cash Flow

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Free Cash Flow	192.95	152.53	241	291.04	242.85	137.67
Free Cash Flow Growth	27.29%	-36.71%	-17.19%	19.84%	76.39%	69.46%
Free Cash Flow Margin	26.41%	20.77%	36.24%	49.89%	50.92%	58.52%
Free Cash Flow Per Share	0.62	0.50	0.80	0.97	0.81	0.46
Levered Free Cash Flow	198.37	121.32	60.55	384.3	254.91	-14.44
Unlevered Free Cash Flow	225.25	149.73	95.84	416.55	277.29	6.32
Free Cash Flow After Leases	191.86	151.43	239.93	289.89	242.21	137.43

Additional Metrics

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Cash Interest Paid	45.52	45.96	43.97	32.11	-	34.24
Cash Income Tax Paid	37.87	60.86	117.26	61.38	44.69	2.29
Change in Working Capital	-7.52	12.97	-3.92	30.62	56.09	-92.1

Data Source: S&P Global Market Intelligence Last updated: Sep 9, 2026

Financial data is provided by S&P Global Market Intelligence and updates within hours after each earnings release, which is every three months for this company.

Update frequency:

Quarterly

Last checked:

Sep 16, 2026

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