Increase in revenue and passenger traffic recorded Athens International Airport (AIA) in the first quarter of 2025.
According to the company’s announcement, the passenger traffic was 5.8 million passengers, recording an increase of 11.4% compared to the corresponding period last year.
Total revenue and other income increased by EUR 10.4 million, ie 9% to EUR 125 million in the first quarter of 2025 compared to the first quarter 2024, mainly due to the increase in passenger traffic, as well as the performance of commercial activities.
The customized EBITDA amounted to EUR 65 million, up 3.6% compared to the first quarter of 2024. Profit after taxes stood at EUR 26.2 million, reduced by EUR 2.3 million, as expected, due to the depletion of the transferred amount of aviation and economic activities.
The airport expansion program is on an implementation orbit with the design and construction of the high -rise car parking space (MSP) and the new northwest parking space (Apron) already assigned, thus delineating the start of the construction process.
The Script Dividend program for 2025 was successfully completed, with 89.22%coverage, drawing funds of € 84.75 million, which will be added to the Aviation Activities Chapter.
Mr. Yiannis Paraschis, CEO (CEO) of the AIA said: “We would like to thank our shareholders for the excellent response to the dividend reinvestment program, with a participation rate of 89.22%, giving a vote of confidence again. The flexible solution to reinvestment has offered our shareholders a greater choice in how they are taken to receive their dividend, while enhancing our capital position and the airport expansion program, creating additional value for the company and shareholders. “
Developments in air traffic
During the first quarter of the year, which is traditionally lower in passenger traffic, the airport traffic was 5.8 million passengers, up 11.4% compared to the first quarter of 2024.
The strong performance of 2024 continued in the first quarter of 2025, with high levels of passenger traffic, reflecting the durability of the air travel (especially for leisure purposes) despite the macroeconomic and geopolitical challenges.
All markets have recorded significant reinforcement, with the Middle East, Asia, the US and Canada showing a remarkable increase, reflecting enhanced long distance routes and increasing interest in Athens as a destination.
The particular increase in international movement was further supported by the growing preference of Greek travelers to international destinations.
The internal and abroad passenger traffic increased 3.1% and 15.0% respectively. Regarding the monthly distribution of movement, the number of passengers showed double -digit or high -digit growth rate in all three months (%2025/2024: Jan: +14.5%, Feb: +9.4%, Mar: +10.8%).
Basic trends on the market and developments to date suggest that passenger demand is to maintain its growth course throughout the rest of the year, but at lower levels than the first quarter. The uncertainty governing the macroeconomic environment, however, could negatively affect movement trends in the following year, especially if the possibility of recession in the global economy increases.
Airport expansion program
The airport expansion program is on an implementation orbit. The design and build contract with the consortium of Greek construction companies Ternaredx for the high-rise car park (MSP) and the North-West Apron) was signed.
The object of the contract includes the construction of a seven -storey car park with a total of about 3,500 parking spaces near the central air facilities, as well as the development of 32 Class C aircraft parking spaces in the northwestern part of the track and a service building and a service building.
Divide Retry (Script Dividend)
The regular General Meeting of the Company of 14 April 2025 approved the distribution (disposal) of the shareholders of the company of all net profits of the corporate year 2024, ie total gross distributed € 235.86 million (EUR 0.7862 per share), with the option of choosing the shareholders of up to € 100 million. Company, in accordance with the terms of the four -year dividend reinvestment program (2025 – 2028), totaling up to € 240 million, for a total of four years.
The increase in share capital through the Script Dividend will bring an increase in value to shareholders through investment in air activities with a corresponding increase in air -ranking capital and relative performance in accordance with the regulatory framework governing AIA.
On May 5, 2025, the Board of Directors announced the price of the company’s new shares at € 8.88 per share, calculated by the average stock market for the company’s first five -day debt price. 25.04.2025 to 02.05.2025), reduced by 3% (discount rate), with rounding in the immediately higher second decimal digit.
The Scrip Dividend for 2025 was accepted by 2,346 shareholders who chose to reinstall the company, with 89.22%coverage, drawing funds of EUR 84.75 million, which will be added to the aircraft capital.
On Friday, May 16, 2025, the distribution of the dividend in cash will begin, while 9,544,087 new shares will begin to negotiate.
Source: RES-EIA