New Zealand · Delayed Price · Currency is NZD Auckland International Airport Earnings Call Transcripts
Fiscal Year 2026
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FY 2026 revenue and EBITDAFI each rose 3% as passenger traffic grew 1.6%, while underlying profit edged lower. The focus remains on a multibillion-dollar infrastructure program, cautious FY 2027 guidance, and balancing investment with shareholder returns.
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Revenue and EBITDAFI both rose 3% year-on-year, with strong infrastructure investment and improved customer satisfaction. Guidance for FY 2027 anticipates continued high capital expenditure and earnings of NZD 290–330 million amid ongoing geopolitical and regulatory uncertainties.
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Revenue and EBITDAFI rose 4% and 6% year-over-year, driven by higher passenger numbers and commercial growth, while net profit fell 5% due to lower property revaluations. Guidance for FY2026 underlying profit after tax is NZD 295–320 million, with strong liquidity and ongoing infrastructure investment.
Fiscal Year 2025
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The meeting highlighted strong FY 2025 financial results, major infrastructure investments, and ongoing transformation projects. Shareholders approved director re-elections, a director fee pool increase, and auditor appointment, while management addressed questions on resilience, returns, and future growth.
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Revenue rose 12% to over NZD 1 billion, with underlying profit up 12% and strong growth in aeronautical, retail, and property segments. FY 2026 guidance anticipates continued investment and moderate earnings amid ongoing capacity and economic challenges.
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Passenger and revenue growth continued, with EBITDA up 13% and underlying profit after tax up 2%. Capital investment accelerated, supporting infrastructure upgrades and new commercial projects, while guidance for FY25 underlying profit was narrowed to NZD 290–320 million.
Fiscal Year 2024
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Strong financial recovery continued with increased passenger numbers and revenue, supported by a major capital raise for infrastructure upgrades. Board succession, sustainability, and stakeholder engagement were key themes, while challenges included aircraft supply, regulatory reviews, and operational disruptions.
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FY 2024 saw strong international recovery, with revenue up 43% and underlying profit after tax up 87%, despite a one-off tax hit lowering reported profit. Record capital investment continued, but full passenger recovery is now expected 12–18 months later due to global constraints.