New Zealand · Delayed Price · Currency is NZD Auckland International Airport Earnings Call Transcripts
Fiscal Year 2026
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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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Strong FY 2025 results were reported, with increased revenue, profit, and major infrastructure investment. Shareholders approved director re-elections, a director fee pool increase, and auditor reappointment. Strategic focus remains on capacity expansion, resilience, and long-term 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 major infrastructure projects progressing. Guidance for FY25 underlying profit is NZD 290–320 million, with capital expenditure of NZD 1–1.3 billion, amid ongoing capacity constraints and competitive pressures.
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.