Airports of Thailand (AOT) Q1 2025 earnings summary

Executive summary

• Q1 FY2025 revenue rose to 17,906.01 million Baht, up 13.41% year-over-year, with strong growth in aircraft and passenger movements across major airports.

• Net profit for Q1 FY2025 increased 17.12% year-over-year to 5,344.30 million Baht.

• Total comprehensive income for the period was 5,399.6 million Baht.

Financial highlights

• Q1 FY2025 total revenue: 17,906.01 million Baht, up 13.41% year-over-year.

• Net profit: 5,344.30 million Baht, up 17.12% year-over-year.

• EBITDA: 10,381.42 million Baht, up 10.77% year-over-year.

• Operating profit reached 7,552.8 million Baht, up from 6,522.8 million Baht year-over-year.

• Total expenses: 11,403.84 million Baht, up 11.19% year-over-year.

Outlook and guidance

• Ongoing airport expansion projects, including Suvarnabhumi East Expansion (completion 2027) and Don Mueang Phase III (completion 2030), are expected to increase capacity.

• Auditor’s review found no material misstatements in interim financials.

• No significant impact expected from new or revised accounting standards effective in 2025.