Auckland International Airport (AIA) AGM 2025 summary

Opening remarks and agenda

• Chair welcomed attendees, apologized for last-minute venue change, and outlined meeting logistics and agenda.

• Directors, executives, auditors, and legal counsel were introduced; quorum confirmed and meeting declared open.

• Meeting order, notice, and availability of financial statements and audit report were confirmed.

Financial performance review

• FY 2025 saw strong performance: passenger numbers up 1% to 18.7 million, revenue up 12% to $1,005 million, EBIT/DEFI up 14% to $701 million, and profit after tax up to $421 million, including a $127.5 million revaluation gain.

• Net underlying profit rose 12% to $310 million; total dividends for FY 2025 were $223 million, a 72% payout of underlying profit.

• Capital expenditure reached $1,090 million, reflecting major infrastructure projects.

• $1.2 billion capital raise and $200 million share purchase plan completed; two debt issues raised $300 million.

• Investment property portfolio valued at $3.4 billion, with 99% occupancy and $192 million rent roll.

Board and executive committee updates

• Mark Cairns and Liz Savage stood for re-election as independent directors; both recommended unanimously by the board.

• Christine Spring retired after 11 years; recruitment for her replacement is underway.

• Board size maintained at eight directors due to the scale and complexity of current projects.