Fraport (FRA) investor relations material

Executive summary

• Guidance for the year is now at the lower end of the previously communicated range, mainly due to Lufthansa strikes and reduced seat capacity growth at Frankfurt Airport.

• Terminal 3 at Frankfurt Airport inaugurated in April 2026, marking completion of a major capex program and receiving positive feedback from airlines and over 100,000 passengers on opening day.

• Operating business grew in Q1 2026, with robust passenger growth across all international markets and several sites achieving double-digit growth year-over-year.

• Group traffic grew 2% at FRA despite strikes and weather disruptions, while international airports saw 8% growth in 1Q26.

• Net profit declined by €6.7 million to -€33.1 million due to higher interest, depreciation, and amortization from completed expansion projects.

Financial highlights

• Revenue (excluding IFRIC 12) rose by 5.2% to €853.4 million year-over-year.

• EBITDA increased 10.4% to €196.0 million, while Group result was -€33.1 million, €7 million lower than 1Q2025.

• Free cash flow improved to -€309 million, a €44 million improvement year-over-year.

• Net debt at €8.5 billion, with net debt/LTM EBITDA at 5.9x, down from 6.8x in 1Q2025.

• Gearing ratio improved by 17 percentage points to 164%.

Outlook and guidance

• 2026 outlook unchanged: group passengers expected at 188–195 million, FRA at 65–66 million.

• EBITDA guidance up to €1.5 billion, group result expected at €300–400 million, net debt/EBITDA to improve.

• Full-year 2026 forecasts maintained, assuming continued kerosene availability and stable consumer behavior.

• Outlook remains subject to geopolitical risks, jet fuel availability, and airline capacity adjustments.

• Dividend per share for FY25 set at €1.00.