Aena SME (AENA) AGM 2026 summary

Opening remarks and agenda

• The meeting was convened with both in-person and remote participation, ensuring broad shareholder engagement and legal compliance.

• The agenda and all supporting documentation, including financial statements and proposed resolutions, were made available in advance.

• A notary public was present to certify the proceedings and ensure legal validity.

Financial performance review

• 2025 saw record operational and financial results, with consolidated revenue reaching EUR 6,379.2 million and net profit at EUR 2,136.7 million, up 10.5% from 2024.

• EBITDA stood at EUR 3.785 billion with a margin of 59.3%; net financial debt to EBITDA ratio improved to 1.31x.

• Commercial and real estate revenues exceeded EUR 2 billion for the first time, representing 46.2% of EBITDA.

• Passenger traffic reached 384.8 million globally, with 321.6 million in Spain, and international traffic grew by almost 6%.

• Share price closed 2025 at EUR 23.82, up nearly 21%, with market capitalization nearing EUR 40 billion.

Board and executive committee updates

• Ratification and re-election of directors, including Roberto Angulo, Alicia de Haro, Manuel de la Campa, and Maurici Lucena Betriu, were proposed and approved.

• The Board maintained a 40% female representation, aligning with governance best practices.