Flughafen Wien (FLU) Investor presentation summary

Passenger and traffic development

• Vienna Airport reached a record 32.6 million passengers in 2025, with group traffic at 43.4 million, driven by strong growth in Malta and Košice airports.

• Passenger growth was led by intra-European routes and significant increases in the Far East, with 85% of passengers traveling within Europe.

• Austrian Airlines maintained a stable market share at 45.8%, while Ryanair and Wizz Air saw mixed results due to capacity adjustments.

• Cargo volumes hit a record 313,763 tonnes, with strong growth in exports and pharmaceuticals.

• 2026 guidance anticipates a slight decline in Vienna passenger volume to 30 million due to low-cost carrier reductions, but group traffic remains robust.

Financial performance and outlook

• Revenue increased by 7.2% to €1,128.9 million in 2025, with EBITDA at €412.4 million and net profit at €210.1 million.

• Capex rose to €281.3 million, mainly for Terminal 3 expansion and Malta Airport projects; net liquidity stood at €413.8 million.

• Dividend proposal of €1.65 per share for 2025, with a payout ratio of 75% and a yield of 3.1%.

• 2026 financial guidance projects revenue of €1,050 million, EBITDA of €415 million, and capex of €330 million.

• Robust balance sheet with an equity ratio of 71.6% supports ongoing investments and dividends.

Strategic initiatives and investments

• Major investments include Terminal 3 Southern Expansion, Office Park 4 NEXT, and logistics infrastructure, with €330 million planned for 2026.

• AirportCity development continues, doubling leased space over 10 years and adding new office, hotel, and logistics facilities.

• Ownership of all airport property and buildings enhances enterprise value and avoids concession fees.

• Malta Airport remains a key growth driver, with ongoing expansion and strong low-cost carrier performance.