Auckland International Airport Limited Analysis

Overview

The airport commenced operations in 1955 and has grown significantly in the intervening period. It is the major gateway to NZ and its revenue base comprises of airport operations (landing charges and passenger levies - approximately 48% of the total), with the balance from concession revenue, terminal charges, rents and car parking.

AIA listed in July 1998 following sale of the NZ Government's interest of 217 million shares (51.6% of equity), at $1.80 per share.

Performance

The following information was extracted from Auckland International Airport Limited's Full year results, released on 21 August 2025

Key performance data for the 12 months to 30 June 2025:

• Total passenger movements increased 1.1% to 18.7 million

-Domestic passenger movements decreased 0.5% to 8.4 million, and international passenger movements (including transits) increased 2.5% to 10.3 million

• Revenue was up 12% to $1,004.7 million. Excluding interest income, revenue was up 9% to $972.9 million
• Operating EBITDAFI(1) was up 14% to $701.1 million

-Net underlying profit after tax(1) was up 12% to $310.4 million

-Reported profit after tax(2) including revaluations increased to $420.7 million

• A final dividend of 7.00 cents per share will be paid on 3 October 2025. Total dividends in respect of FY25 were $223.3 million, equating to a 71.9% payout of underlying profit after tax.