Aena SME (AENA) AGM 2025 summary

Opening remarks and agenda

• The meeting was opened with welcomes and an explanation of the hybrid format, allowing both in-person and telematic participation, with all legal requirements and procedures for shareholder rights and interventions outlined.

• The agenda and all required documentation, including annual accounts and proposed resolutions, were made available in advance.

• The presence of a notary was confirmed to ensure the legality and proper recording of the meeting.

• The meeting achieved a quorum with 88.18% of share capital present or represented, fulfilling statutory requirements.

Financial performance review

• 2024 saw record-breaking passenger numbers, with 370 million handled across all airports, and 309 million in Spain alone, a 9.2% increase over 2023.

• Consolidated revenues reached EUR 527.8 million, EBITDA was EUR 3,510 million (60.2% margin), and net profit hit a record EUR 1,932 million, up 18.6% from 2023.

• Free cash flow was EUR 2,746 million, and the net financial debt-to-EBITDA ratio improved to 1.59x.

• Share price reached historical highs, closing 2024 at EUR 197.4 and peaking at EUR 223.6 in April 2025, with a market capitalization above EUR 33.5 billion.

Board and executive committee updates

• Appointment of Ramón Tremosa i Balcells as an independent director was proposed, and re-elections for several key directors were recommended.

• Director Irene Canó stepped down after her term, with appreciation expressed for her contributions.