Guangzhou Baiyun International Airport Company (600004) Q3 2025 earnings summary

Executive summary

• Revenue for the first nine months of 2025 reached ¥5.70 billion, up 7.48% year-over-year, driven by improved operational metrics and increased passenger throughput.

• Net profit attributable to shareholders for the period was ¥1.10 billion, a 64.06% increase year-over-year, reflecting both higher core business performance and non-recurring gains.

• Basic and diluted EPS for the first nine months were ¥0.46, up 64.29% year-over-year.

Financial highlights

• Operating income for Q3 was ¥1.97 billion, up 7.11% compared to the same quarter last year.

• Total profit for Q3 was ¥451.63 million, up 43.07% year-over-year; for the nine months, total profit was ¥1.43 billion, up 49.71%.

• Net profit attributable to shareholders in Q3 was ¥345.76 million, up 50.24% year-over-year.

• Net cash flow from operating activities for the nine months was ¥2.76 billion, down 0.76% year-over-year.

• Total assets at quarter-end were ¥27.88 billion, up 3.26% from the end of last year.

Outlook and guidance

• Profit growth attributed to improved operational data and increased revenue, with additional gains from non-operating items based on arbitration results.