Athens International Airport (AIA) Q3 2025 TU earnings summary

Executive summary

• Record summer season with strong operational performance and solid profitability, in line with regulatory expectations.

• Passenger traffic reached 26.2 million in 9M 2025, up 6.7% year-over-year, with international traffic up 8.5% and domestic up 2.2%.

• Athens Airport recognized as "Overall Winner" at Routes World 2025, affirming its leading position in global air connectivity.

Financial highlights

• Total revenues and other income rose 3.5% to €526.9 million, driven by higher passenger traffic and airport charges adjustments.

• Air Activities revenues increased 2.5% to €397.5 million; Non-Air Activities revenues grew 6.7% to €129.5 million.

• Adjusted EBITDA was €335.6 million, down 1.3% year-over-year; Net Profit was €185.8 million, down 4.8%.

• Operating expenses increased 14.1% to €180.1 million, mainly due to higher variable Grant of Rights Fee, increased staffing, wage hikes, and energy costs.

Outlook and guidance

• Passenger demand expected to maintain mid-single digit growth for the remainder of 2025, though geopolitical and macroeconomic risks could impact air traffic.

• Forward-looking statements highlight uncertainties and risks that could materially affect future results.