EQS-News: Flughafen Wien AG 2025: Good business development and revenue increase of 7.2% – Net earnings of € 210.1 million impacted by derecognition of assets – Dividend of € 1.65 at the prior-year level
EQS-News: Flughafen Wien AG / Key word(s): Preliminary Results
Flughafen Wien AG 2025: Good business development and revenue increase of 7.2% –
Net earnings of € 210.1 million impacted by derecognition of assets – Dividend
of € 1.65 at the prior-year level
02.03.2026 / 07:30 CET/CEST
The issuer is solely responsible for the content of this announcement.
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Flughafen Wien AG Business Results for 2025: Good business development and
revenue increase of 7.2% – Net earnings of € 210.1 million (2024: € 239.5
million) impacted by derecognition of assets related to the 3^rd runway project
– Nevertheless, dividend proposal of € 1.65/share at the prior-year level
• Financial performance indicators for 2025: Revenue up 7.2% to € 1,128.9
million; one-off effect from the derecognition of assets relating to the
3^rd runway project equalling € 55.9 million led to a reduced EBITDA of €
412.4 million (-6.8%) and EBIT of € 279.5 million (-8.7%)
– Good business development cut the negative impact of the derecognition in
half
• Attractive dividend proposal of € 1.65/share at the prior-year level
• Airport expansion in Vienna and Malta is moving ahead – Record investments
of about € 330 million planned for 2026
• Financial outlook for 2026: Stable net earnings of € 210 million despite the
fee reductions and the expected slight decline in passenger traffic
• Passenger outlook 2026: Approx. 41.5 million passengers expected in the
Flughafen Wien Group and about 30 million at Vienna Airport
“The good business development enables the biggest investment drive in the
company’s history”
“2025 was an economically strong year for us featuring a 7.2% revenue increase.
As the result of the one-off derecognition of assets in connection with the
terminated 3^rd runway project, the Group net profit fell slightly from the
previous year to € 210.1 million and EBITDA declined similarly to € 412.4
million. However, the improved business development could offset half of the
negative impact. All segments and international strategic investments made
positive earnings contribution. In this regard, the strong upward trend in Malta
is particularly gratifying. The airport expansion in Vienna and Malta is in full
swing. Following investments of € 281.3 million in 2025, we will invest a record
amount of approx. € 330 million in the year 2026 – in Vienna, this is being
fully financed from our funds. Despite the fee reductions and a difficult
business environment, we expect a stable earnings development of about
€ 210 million in 2026. The aviation sector is generating significant growth
across the globe, whereas Europe is pulling the regulatory “handbrake” i.e.,
burdening the sector with false and discriminatory regulations which inhibit
growth. There is an urgent need to correct the current hostile approach of the
EU Commission which has such an adverse effect on air traffic. Austria can also
provide support by enabling quicker procedures and approval processes and
enacting a significant reduction of the air transport levy,” states Günther
Ofner, Joint CEO and CFO of the Vienna Airport operating company Flughafen Wien
AG.
“Record passenger traffic in 2025 – Target for 2035: 40 million passengers at
Vienna Airport”
“2025 saw a new all-time high in passenger volume at Vienna Airport, namely 32.6
million passengers. The outlook for 2026 is more cautious but still at a high
level of about 30 million passengers. Our target for the year 2035 is 40 million
passengers at Vienna Airport. We are already preparing for this today by making
extensive investments in quality and the infrastructure. All security
checkpoints will be equipped with CT scanners until summer of 2026, and we are
improving the quality of people’s stay by means of expanded service offerings
such as new children’s areas and much more. The new Terminal 3 Southern
Expansion building will be put into operation in the second quarter of 2027.
Passengers will experience a shopping and restaurant offering as well as new and
spacious lounges, a large and centralized security checkpoint and other
amenities spanning 70,000 m². Afterwards work will commence on enlarging Pier
North to include additional gates and parking positions for wide-body aircraft,
which will be concluded by 2031,” states Julian Jäger, Joint CEO and COO of
Flughafen Wien AG.
Dividend proposal: € 1.65 per share
The Management Board will propose a dividend of € 1.65/share (2024: €
1.65/share) for the year 2025 to the Annual General Meeting. All employees
working for Flughafen Wien AG will also profit via the employee foundation,
which holds 10% of the company’s shares. The payout ratio therefore stands at
approximately 75%, and the dividend yield for 2025 is approximately 3%.
Business results in 2025: Revenue increase to € 1,128.9 million and Group net
profit of € 210.1 million
The Flughafen Wien Group generated total revenue of € 1,128.9 million in the
financial year 2025, comprising a rise of 7.2% from the previous year. Revenue
growth was particularly driven by passenger growth as well as the non-aviation
business. EBITDA fell by 6.8% from the prior-year level to € 412.4 million and
EBIT declined by 8.7% to € 279.5 million. The Group net profit before
non-controlling interests in the full year 2025 equalled € 210.1 million,
comprising a drop of 12.3%. The cash flow from operating activities amounted to
€ 333.3 million (-24.9%).
Good revenue development of all segments
Revenue of the Airport Segment climbed from the prior-year level to € 536.5
million, which is primarily related to the good traffic development and fee
adjustments. Segment EBIT equalled € 96.0 million. The increased revenue of the
Handling and Security Services Segment, which rose to € 198.0 million, was
driven by the record volume of air cargo. EBIT of the segment reached € 8.7
million. The Retail & Properties Segment reported a rise in revenue to € 215.0
million in 2025. This improvement can be mainly attributed to the higher
shopping, hospitality, lounge and parking income related to passenger growth.
EBIT of this segment improved to € 97.2 million. Revenue of the Malta Segment
was up to
€ 157.0 million as a result of the strong increase in passenger volume, whereas
the segment’s EBIT rose to € 75.4 million.
Capital expenditure
A total of € 281.3 million was invested in intangible assets and property,
plant, and equipment as well as investment property in the year 2025 (2024: €
189.8 million). The largest investment project at Vienna Airport entailed
expenditures of € 127.4 million for the Terminal 3 Southern Expansion building.
Increased capital expenditure to about € 330 million in 2026
Despite the challenging business environment, Vienna Airport is investing
heavily in the further development of the flight hub and will increase its total
capital expenditure to approx. € 330 million in 2026. The biggest single
investment project is the Terminal 3 Southern Expansion building. Other key
investments include construction of the Office Park 4 NEXT as well as
modernization measures, for example security checkpoints equipped with new CT
scanners.
Passenger development forecast for 2026: About 41.5 million passengers expected
in the Flughafen Wien Group and approx. 30 million at Vienna Airport
Flughafen Wien AG expects approx. 30 million passengers at Vienna Airport and
about 41.5 million travellers in the Flughafen Wien Group (incl. Malta and
Kosice airports) for the entire year 2026.
Financial guidance for 2026
The Flughafen Wien Group anticipates total revenue of about € 1,050 million for
the entire 2026 financial year, as well as EBITDA of approx. € 415 million, a
Group net profit for the year before non-controlling interests of about € 210
million and approx. € 185 million after non-controlling interests. Capital
expenditure is expected to equal about € 330 million.
The current passenger and financial guidance is based on the assumption that
there will not be any additional adverse geopolitical effects or massive
restrictions on flight traffic.
The AirportCity is booming – 5 new aerospace companies will expand the Space Hub
– new Office Park 4 NEXT will increase capacity
The AirportCity is continuing on its growth path. On balance, 20 new companies
located their business operations at the Vienna flight hub in 2025. This will be
followed by five new space-tech companies joining the aerospace cluster “VIE
Space Hub” in 2026. The airport is expanding capacities for business location
projects and jobs with the new Office Park 4 NEXT, featuring 17,000 m² of
additional office and conference space in the heart of the AirportCity and
scheduled to come on stream in 2028. Moreover, the third hotel at Vienna
Airport, also the largest hotel in Lower Austria with 510 rooms, will open
shortly. Vienna Airport is the largest employer in Eastern Austria, with more
than 23,500 employees in more than 250 companies.
Construction of the Terminal 3 Southern Expansion building is in full swing –
Vienna Airport ranks among the best in Europe for quality
Vienna Airport is continuously winning awards for its service quality. It was
recently given the ASQ Award by the renowned aviation association ACI for the
“Best Airport at departures 25-40 million passengers/Europe” as well as the
Skytrax award as having the “Best Airport Staff Europe” for the fifth time.
Furthermore, Vienna is also ranked third in punctuality for European flight hubs
with more than 25 million passengers. In the future, Vienna Airport will also
continue to attach major importance to quality and capacity. The new Terminal 3
Southern Expansion building will be put into operation in 2027, and construction
work is already in full swing. New comfortable leisure and lounge areas, new bus
gates and numerous new shopping and restaurant offerings will be created over
70,000 m². Furthermore, the Pier North will be expanded to encompass additional
gates, and all security checkpoints will be equipped shortly with
state-of-the-art CT scanners.
Disclaimer
All statements made in this press release that refer to future developments of
Flughafen Wien AG/Flughafen Wien Group are based on current assumptions and
forecasts of the management. If the premises for these forecasts do not occur or
risks indicated in the risk report arise, actual results may vary from these
estimates. Despite the utmost care, all forward-looking statements are therefore
made without guarantee and Flughafen Wien AG/Flughafen Wien Group assumes no
obligation to update these forward-looking statements or to adapt them to future
events or developments.
Consolidated Income Statement
in € million 2025 2024
Revenue 1,128.9 1,052.7
Other operating income 15.0 13.9
Operating income 1,144.0 1,066.6
Expenses for consumables and purchased services -56.5 -55.7
Personnel expenses -419.5 -386.1
Other operating expenses -254.8 -190.1
Reversals of impairment/impairment on receivables -0.7 5.5
Pro rata results of companies recorded at equity -0.0 2.0
Earnings before interest, taxes, depreciation and amortisation
(EBITDA) 412.4 442.3
Depreciation and amortisation -132.9 -135.8
Impairments 0.0 -0.4
Earnings before interest and taxes (EBIT) 279.5 306.1
Income from investments, excluding companies recorded at equity 0.9 0.8
Interest income 13.4 17.2
Interest expense -4.3 -2.8
Other financial result 1.2 0.4
Financial result 11.1 15.5
Earnings before taxes (EBT) 290.6 321.7
Income taxes -80.6 -82.2
Net profit for the period 210.1 239.5
Thereof attributable to:
Equity holders of the parent 185.0 216.3
Non-controlling interests 25.1 23.3
Earnings per share
(in €, basic = diluted) 2.21 2.58
Balance Sheet Indicators
in € million 2025 2024
ASSETS:
Non-current assets 1,819.9 1,717.7
Current assets 593.7 682.7
EQUITY & LIABILITIES:
Equity 1,726.9 1,667.2
Non-current liabilities 312.7 320.2
Current assets 374.0 413.0
Total assets 2,413.6 2,400.4
Net liquidity 413.8 511.6
Cash Flow Statement
in € million 2025 2024
Net cash flow from operating activities 333.3 443.7
Investing activities -174.0 -329.4
Financing activities -151.6 -124.0
Free Cash Flow 159.3 114.2
CAPEX^1 281.3 189.8
1. Excluding financial assets
The Annual Report and Financial Report of Flughafen Wien AG for 2025 from
January 1 December 31, will be available to the general public on the Internet
at
http://viennaairport.com/en/company/investor_relations/publications_and_reports.
Vienna Airport, 2nd of March 2026 The Management Board
Contact: Corporate Communications of Flughafen Wien AG
Press Office
Peter Kleemann, Company Spokesman
Tel.: (+43-1-) 7007-23000
E-Mail: [1]p.kleemann@viennaairport.com
Investor Relations
Bernd Maurer
Tel.: (+43-1-) 7007-23126
E-Mail: b.maurer@viennaairport.com
Website: [2] www.viennaairport.com
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02.03.2026 CET/CEST This Corporate News was distributed by [3]EQS Group
View original content: [4]EQS News
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Language: English
Company: Flughafen Wien AG
Postfach 1
1300 Wien-Flughafen
Austria
Phone: +43-1-7007/23126
Fax: +43-1-7007/23806
E-mail: investor-relations@viennaairport.com
Internet: http://www.viennaairport.com
ISIN: AT00000VIE62
WKN: A2AMK9
Indices: ATX PRIME
Listed: Regulated Unofficial Market in Dusseldorf, Frankfurt (Basic
Board), Munich, Stuttgart, Tradegate BSX; London, Nasdaq OTC,
Vienna Stock Exchange (Official Market)
EQS News ID: 2283294
End of News EQS News Service
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