Logotype for Aena SME S.A.

Aena SME (AENA) investor relations material

Aena SME Q2 2025 earnings summary

Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
Logotype for Aena SME S.A.
Q2 2025 earnings summary30 Jul, 2025

Executive summary

  • Passenger traffic grew 4.7% year-over-year to nearly 181 million, with Spain up 4.5% and notable growth at Luton, ANB, and BOAB.

  • Total consolidated revenue rose 9.1% to €2,995.9 million, with net profit up 10.5% to €894 million and EBITDA margin at 56.5%.

  • Commercial sales grew 9.9%, outpacing passenger growth; commercial and real estate revenue per passenger rose 6.4%.

  • Dividend distribution for 2024 was €1,464.0 million, with a record €9.76/share dividend and a 10-for-1 share split approved.

  • Traffic guidance for 2025 in Spain maintained at 3.4% growth, targeting ~320 million passengers.

Financial highlights

  • Revenue growth driven by passenger traffic, regulated tariff increases, commercial activity, and IFRIC 12 construction services income.

  • EBITDA margin at 56.5% (58% excluding IFRIC 12 effect); net cash from operating activities up 5.6% year-over-year.

  • Net financial debt/EBITDA ratio at 1.64x, with net financial debt at €5,973.1 million.

  • Personnel expenses increased 10.6%; total pure operating expenses up 9.3%.

  • Moody's and Fitch maintained strong credit ratings (A3/positive, A/stable).

Outlook and guidance

  • Passenger traffic guidance for Spain in 2025 remains at +3.4% and ~320 million passengers.

  • Airlines have scheduled 1.5% more seats for summer 2025, with international seat growth led by Asia-Pacific (+38.9%).

  • 2026 maximum revenue per passenger (IMAAJ) proposed at €11.03, up 6.5% from 2025.

  • International traffic share increased to 68.8%, with strong growth in long-haul markets.

  • Macroeconomic, geopolitical, and supply-side risks may affect air traffic trends.

Partial view of Summaries dataset, powered by Quartr API
Research faster. Power your platform.

Next Aena SME earnings date

Logotype for Aena SME S.A.
Q3 202529 Oct, 2025
Your earnings 
season toolkit.
Download
Free on both iOS & Android.

Next Aena SME earnings date

Logotype for Aena SME S.A.
Q3 202529 Oct, 2025

The essential earnings season companion

The #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.

Live calls and transcripts

Listen to earnings calls, CMDs, investor conferences, and more – with a podcast-like experience.

Find what you need faster

Search for any keyword across all transcripts simultaneously.

Easily store key findings

Capturing important takeaways is as simple as it gets. Even during your lunch run or commute.

Your watchlist. Your dashboard.

Follow the companies that matter to you. Get a personalized feed with real-time updates.

Be the first to know

Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned.

Consensus estimates

Access analyst consensus estimates, valuation multiples, and revenue segments splits.

All IR material in one place

The easiest way to stay updated during earnings season.

Global coverage

All events from public companies. Live and recorded.

Just click and listen

No webcast links. No manual registrations.

Research anytime, anywhere

Built for professionals. Loved by everyone. Try our free mobile app.

excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
App-store-avatar.png play-store-avatar.png
Leroy DaleyApp Store
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
play-store-avatar
Eferix Drawings Google Play
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
App-store-avatar.png play-store-avatar.png
anuj283App Store
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
App-store-avatar.png play-store-avatar.png
Leroy DaleyApp Store
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
play-store-avatar
Eferix Drawings Google Play
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
App-store-avatar.png play-store-avatar.png
anuj283App Store
I can't remember the last time an app had such a positive impact on my investment process.
x-avatar
@ankurshah47_ x.com
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
App-store-avatar.png play-store-avatar.png
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
x-avatar
@theshortbearx.com
I can't remember the last time an app had such a positive impact on my investment process.
x-avatar
@ankurshah47_ x.com
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
App-store-avatar.png play-store-avatar.png
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
x-avatar
@theshortbearx.com

Frequently asked questions

Aena S.M.E., S.A., engages in the operation, maintenance, management, and administration of airport infrastructures and heliports. The company operates through three segments: Airports and Support Services, Aena Consulting and Management, and Other Businesses. The Airports segment comprises the activity of managing regional airports in the Canary Islands and the Balearic Islands; regional airports in the Catalonia region; international airports in Madeira, Portugal; Malaga airport; and heliports in Madrid and Zaragoza. Aena S.M.E., S.A is based in Madrid, Spain.

Quartr provides global coverage of all investor relation material from public companies.

  • Mobile app: Research anytime, anywhere with the #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.

  • Desktop (Quartr Pro): The leading platform for qualitative research, used daily by top firms and financial institutions.

  • Quartr API: Build custom solutions powered by live earnings calls, live transcripts, filings and reports, slide presentations, and more.

Yes, the Quartr mobile app is free on both iOS and Android.

Yes. Quartr provides global, industry-leading live coverage of company events such as regular earnings calls, capital markets days, M&A announcements, and investor conferences. Live with zero delays. Just click and listen.

Yes, capturing important takeaways is as simple as it gets. Even during your lunch run or commute.

Yes. Follow the companies that matter to you. Get a personalized feed with real-time updates, a tailored earnings calendar, and instant alerts when earnings calls go live.

Yes. Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned, regardless of who's talking.

Explore our global coverage