Aena has reported a net profit of 301.3 million euros in the first quarter of 2025, representing a 15.44% increase compared to the 261 million euros from the same period last year, as reported by the company to the National Securities Market Commission on Wednesday.
The earnings before interest, taxes, depreciation, and amortization (EBITDA) stood at 643.6 million euros, with a margin of 48.6%. This figure represents a growth of 10.8% compared to 2024 (581.1 million euros).
Total consolidated revenues for the first quarter of 2025 reached 1,325.6 million euros, a 7.5% increase compared to the previous year’s first quarter. Aeronautical revenues amounted to 683.6 million euros, while commercial revenues were 441.1 million euros.
The consolidation of the Block of Eleven Brazilian Airports (BOAB) contributed 46.8 million euros to revenues and 25.7 million euros to EBITDA.
Passenger traffic for the Aena Group (Spain, London-Luton, and Aena Brazil) grew to 78.3 million, a 4.9% increase from 2024. In Spanish airports, the increase was 4.7%, reaching 63.6 million passengers.
The year-over-year comparisons with 2024 are influenced by the Easter calendar, which fell in March last year but in April this year, and also because last year was a leap year.
INVESTMENTS OF OVER 200 MILLION IN FACILITY IMPROVEMENTS.
Investment expenditure between January and March 2025 amounted to 203.1 million euros, focusing mainly on upgrading facilities and operational safety at airports.
On the other hand, the operating expenses (OPEX) of the Aena Group, including procurement expenses, personnel costs, and other operating expenses, totaled 691.9 million euros in the first quarter of 2025, compared to 659.9 million euros for the same period in 2024.
The evolution of these expenses reflects an increase in personnel costs for the Group (+10.7%) as well as an increase in concepts like electricity (+22.4%), maintenance (+9.5%), and security (+8.3%) in the Spanish network.
Excluding the impact of electricity, the year-over-year increase in other operating expenses in the Spanish airport network was 17.1 million euros, a 4.7% rise from January to March 2024.
The consolidated net financial debt of the Aena Group stood at 4,886 million euros, compared to 5,498 million euros for the entire year 2024, reducing the net financial debt to EBITDA ratio of the consolidated group to 1.37 times.
A strong cash generation was observed in the first quarter of 2025, as indicated by the airport operator. The net cash generated from operating activities reached 820.4 million euros, up from 723.7 million euros in the first quarter of 2024.
FUENTE