New Zealand · Delayed Price · Currency is NZD Auckland International Airport Earnings Call Transcripts
Fiscal Year 2026
-
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
-
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.
-
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.
-
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
-
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.
-
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.