Key points
- Record revenue and profit driven by strong passenger growth
- Significant investment in infrastructure to support future growth
- Dividend increased by 25% compared to prior year
Full summary
Auckland International Airport Ltd (AIA) has reported its interim financial results for the six months ended 31 December 2024. The company delivered a strong performance, with revenue increasing by 13.5% to $499.9 million and profit after tax rising by 57.7% to $187.3 million compared to the same period in the prior year. This was driven by a 17.0% increase in passenger numbers, which led to higher income from aeronautical charges, retail, and car parking. The company also benefited from a $50.5 million fair value gain on its investment properties. AIA continued to invest heavily in infrastructure, with $502.3 million spent on capital expenditure, including upgrades to the international terminal and new aircraft stands. The company declared an interim dividend of 6.2 cents per share, a 25% increase from the prior corresponding period. Looking ahead, AIA expects continued passenger growth and is well-positioned to capitalize on the recovery in international travel.
Outlook
AIA expects continued passenger growth and is well-positioned to capitalize on the recovery in international travel. The company will continue to invest heavily in infrastructure to support future growth.