Flughafen Wien (FLU) investor relations material

Strong business and financial performance in 2025

• Achieved record passenger numbers and revenue, with revenue up 7.2% to €1,128.9 million, driven by passenger growth and non-aviation earnings.

• Net profit impacted by a €55.9 million derecognition of assets from the discontinued 3rd runway project, resulting in net profit of €210.1 million, down from €239.5 million in 2024.

• All divisions and subsidiaries contributed positively to earnings, with Malta Airport showing strong growth and profitability.

• Proposed dividend of €1.65 per share, maintaining a payout ratio of approximately 75%.

• Significant increase in capital expenditure to €281.3 million, supporting infrastructure expansion in Vienna and Malta.

Passenger and traffic development

• Group passenger numbers reached 43.4 million in 2025 (+4.9%), with Vienna Airport at 32.6 million (+2.6%), Malta Airport at 10.1 million (+12.3%), and Košice Airport at 0.8 million (+12.2%).

• Vienna Airport remains a leading European hub for punctuality and on-time performance.

• High seat load factor of 80.5% and strong cargo growth (+5.3% to 313,763 tonnes).

• Passenger growth focused on intra-European routes (85%), with notable increases to the Far East (+21.6%).

• Top destinations included Germany, Spain, Italy, and Turkey, with Asia as the leading long-haul region.

2026 outlook and challenges

• Financial guidance for 2026 expects stable net profit of €210 million despite lower fees and fewer passengers, supported by cost-saving measures.

• Projected passenger decline due to reduced low-cost carrier capacity and the Middle East conflict; Vienna Airport expects approx. 30 million passengers, Group approx. 41.5 million.

• Ongoing cost pressure, especially from rising personnel expenses (+8.7%), and high location costs due to aviation tax.

• Middle East conflict causing operational disruptions, airspace closures, and increased uncertainty for passenger growth.

• Calls for reduction or elimination of aviation tax to maintain competitiveness and support growth.