Airports of Thailand (AOT) Q3 2026 earnings summary

Executive summary

• For the first nine months of FY2026 (Oct 2025–Jun 2026), total revenue from sales or services was THB 50,205.37 million, down 1.39% year-over-year.

• Net profit for the period was THB 14,812.34 million, up 3.86% year-over-year; Q3 net profit was THB 4,441.68 million, up 14.93%.

• Passenger movements increased 1.84% year-over-year to 99.03 million, with domestic traffic up 4.55%.

• Aircraft movements rose 0.61% year-over-year to 605,838.

• Implemented incentive schemes and cost relief measures to mitigate impacts from Middle East conflict and rising fuel costs.

Financial highlights

• EBITDA for 9M FY2026 was THB 28,132.00 million, a slight decrease of 0.68% year-over-year.

• EBIT reached THB 19,446.06 million, up 0.52% year-over-year.

• Total expenses were THB 29,005.35 million, up 0.19% year-over-year; Q3 expenses dropped 11.73% due to reversal of expected credit losses.

• Cash at period end was THB 24,169.78 million, up from THB 19,401.08 million at the start of the period.

• Net cash from operations was THB 26,932.69 million.

Outlook and guidance

• Ongoing airport expansion projects include Suvarnabhumi East Expansion (completion 2031), Don Mueang Phase III (completion 2034), and upgrades at Chiang Mai, Phuket, Chiang Rai, and Hat Yai.

• Focus on digital transformation, innovation, and sustainability to support Thailand's position as a regional aviation hub.

• Departure Passenger Service Charges (PSC) for international flights will increase from THB 730 to THB 1,120 effective June 20, 2026.