Auckland International Airport Limited Analysis

Overview

The airport commenced operations in 1955 and has grown significantly in the intervening period. It is the major gateway to NZ and its revenue base comprises of airport operations (landing charges and passenger levies - approximately 48% of the total), with the balance from concession revenue, terminal charges, rents and car parking.

AIA listed in July 1998 following sale of the NZ Government's interest of 217 million shares (51.6% of equity), at $1.80 per share.

Performance

The following information was extracted from Auckland International Airport Limited's Half year results released 19 February 2026

Key performance data for the six months to 31 December 2025

• Total number of passengers increased 2% to 9.64 million
• Domestic passenger numbers increased 2% to 4.37 million, and international passenger numbers (including transits) increased 2% to 5.27 million
• Revenue was up 4% to $519.6 million. Excluding interest income, revenue was up 6% to $512.5 million
• Operating EBITDAFI was up 6% to $371.3 million
• Net underlying profit after tax was up 6% to $157.1 million
• Reported profit after tax 1 including revaluations was down 5% to $177.0 million
• An interim dividend of 6.50 cents per share will be paid on 2 April 2026. Total dividends declared of $110.2 million.

Auckland Airport Chair Julia Hoare said : “The first half of the financial year has seen significant progress on our investment programme, with key aeronautical infrastructure projects delivered and our new domestic jet terminal build firmly on track .