Beijing Capital International Airport Company (694) investor relations material

Executive summary

• Revenue for H1 2025 rose 2.6% year-over-year to RMB2,754.6 million, with a narrowed net loss of RMB163.9 million, down 56.5% from H1 2024, and loss per share at RMB0.036.

• Passenger throughput increased 4.5% year-over-year, with international routes and cargo/mail showing strong growth, while domestic demand was modest.

• Aircraft movements rose 2.8% year-over-year to 217,305 sorties.

• No interim dividend was declared for the period.

Financial highlights

• EBITDA increased 39.9% year-over-year to RMB688.1 million.

• Operating expenses decreased 4.2% year-over-year to RMB2,778.6 million, mainly due to cost control measures.

• Total assets grew 2.9% to RMB31,556.4 million, while shareholders' equity declined 1.2% to RMB13,294.8 million as of June 30, 2025.

• Net cash from operating activities was RMB982.8 million, up from RMB136.0 million in H1 2024.

• Net finance costs fell 4.7% year-over-year to RMB135.0 million.

Outlook and guidance

• The company expects continued recovery in international travel and aims to enhance operational quality and passenger experience in H2 2025.

• Plans include expanding duty-free and duty-paid retail, optimising service quality, and strengthening cost management.

• Focus on increasing revenue, reducing costs, and strengthening market competitiveness.