Aena SME (AENA) AGM 2025 summary

Opening remarks and agenda

• The meeting was convened in hybrid mode, with both in-person and telematic attendance, and all legal requirements for notice and documentation were fulfilled.

• The agenda included approval of annual accounts, profit application, board appointments, share split, treasury shares, remuneration, climate plan, and delegation of powers.

• A notary was present to record the minutes, and procedures for shareholder participation and voting were clearly outlined.

Financial performance review

• 2024 saw record-breaking passenger numbers and financial results, with consolidated revenues of EUR 527.8 million and net profit of EUR 1,932 million, up 18.6% from 2023.

• EBITDA reached EUR 3,510 million with a margin of 60.2%, and free cash flow was EUR 2,746 million; net financial debt-to-EBITDA ratio improved to 1.59x.

• Share price hit historical highs, ending 2024 at EUR 197.4 and peaking at EUR 223.6 in April 2025, with a market capitalization above EUR 33.5 billion.

• Dividend of EUR 9.76 per share proposed, a 27.4% increase, to be paid on April 24, 2025.

Board and executive committee updates

• Appointment of Ramón Tremosa as independent director and re-election of four directors were proposed and approved.

• Director Irene Canó stepped down after her term, with appreciation expressed for her contributions.

• The board's gender diversity reached 46.67% women, surpassing the 40% minimum.