)

Fraport (FRA) investor relations material
Fraport Q2 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
Executive summary
Group passenger traffic grew 3.8% in H1 2025, with Frankfurt up 1.4% and strong gains in Lima and Brazil; key terminals opened in Lima and Antalya, and Frankfurt Terminal 3 is on track.
Free cash flow turned positive in Q2 for the first time since 2018, driven by strong operational cash flow and reduced CapEx.
Group result declined due to negative financial result from Antalya, F/X volatility, and special items.
Group revenue adjusted for IFRIC 12 increased 7.3% to €1,896.3 million, though total reported revenue declined 2.4% due to lower construction-related revenue.
2025 outlook confirmed, with stable forecasts despite macroeconomic and geopolitical uncertainties.
Financial highlights
Q2 2025 revenue at €1,122 million (+8% vs. Q2 2024), EBITDA €384 million (+8%), EBIT €254 million (+13%), but group result down 16% to €125 million due to F/X and special items in Antalya.
H1 2025 revenue €1,990 million (-2.4% year-over-year); adjusted revenue up 7.3%.
EBITDA for H1 2025 was €561.2 million (-1.0%); EBIT €306.4 million (-1.0%); group result €98.6 million (-38.7%).
Free cash flow improved to -€324.8 million for H1 2025 (vs. -€453.0 million H1 2024); Q2 free cash flow positive at €29 million.
Net financial debt at €8.5 billion; gearing ratio at 177%.
Outlook and guidance
2025 outlook unchanged: Frankfurt passengers up to 64 million, moderate single-digit % EBITDA increase, group result flat to down, and slight improvement in net debt/EBITDA.
No dividend planned for 2025, pending review.
Macroeconomic and geopolitical headwinds expected, but global and European air traffic projected to grow.
Next Fraport earnings date

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.
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.
)
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.
)
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
)
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.
)
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.
)
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
)
I can't remember the last time an app had such a positive impact on my investment process.
)
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.
)
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
)
I can't remember the last time an app had such a positive impact on my investment process.
)
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.
)
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
)
)
)
)
Frequently asked questions
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.
Explore our global coverage