Fraport business figures: Revenue increase of 7.3 percent in the second quarter

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Business development gained momentum in the second quarter of the year: Group-wide, approximately 77 million passengers traveled through Fraport airports in the first six months – an increase of 3.8 percent. Supported by the growth in traffic, revenue, adjusted for contract revenue from construction and expansion services related to the application of the international financial guidance IFRIC 12, rose by 7.3 percent to €1.9 billion. Operating profit (EBITDA) remained virtually stable in the first half of the year at €561.2 million (minus 1.0 percent). The Group result amounted to €98.6 million. Due to special effects in the prior-year and reporting periods, this represented a decrease of 38.7 percent.

“We are on track to achieve our annual targets. After a weak first quarter – due to special effects in the previous year – we were able to significantly increase our operating result by 8.2 percent in the second quarter,” said Dr. Stefan Schulte, Chairman of the Executive Board of Fraport AG. “In the second half of the year, we expect growth at all locations. The momentum will be stronger at our international airports than at Frankfurt. Since the German government has not included the urgently needed reductions in the far too high regulatory site costs announced in the coalition agreement in the federal budget for 2026, additional growth impulses for the German market are becoming increasingly remote. This represents a missed opportunity for the German government to strengthen the competitiveness of our industry. The connectivity of German airports will decline, at the expense of private and business travelers. In contrast to Frankfurt, our international business will benefit primarily from the recently successfully commissioned airport expansions in Lima and Antalya.”

Financial figures for the first half of the year within the expected range

Adjusted for revenue related to expansion investments at the international Group companies (according to IFRIC 12), revenue rose by 7.3 percent to €1,896.3 million. At the Frankfurt site, the increase resulted from higher revenue from airport charges (up €31.9 million), ground handling services (up €32.2 million), and infrastructure charges (up €18.8 million) due to traffic volume and price factors. Outside Frankfurt, the positive traffic development of the Group companies Fraport Greece (up €11.5 million) and Lima (up €10.6 million) contributed in particular. Operating profit declined slightly by 1.0 percent to €561.2 million. The first half of the year was still characterized by special effects in the prior-year period. These included, in particular, a Corona compensation payment for Fraport Greece (28.0 million euros) and a compensation payment for the damage caused by the floods at Porto Alegre Airport (9.1 million euros).

Looking at the second quarter alone, EBITDA increased. It rose by 8.2 percent to €383.7 million between April and June. Free cash flow also performed significantly better in the second quarter. While it was negative at €324.8 million at the half-year level, this figure recorded a positive €28.5 million in the second quarter (Q2 2024: minus €226.9 million). The expiration of important expansion investments at the Lima and Antalya sites is beginning to show positive effects.

At the half-year level, consolidated net income amounted to EUR 98.6 million (6M 2024: EUR 160.8 million). The decline was primarily due to the aforementioned positive special factors in the prior-year period, coupled with negative exchange rate effects and deferred taxes in the reporting period. Basic earnings per share fell to EUR 1.03 in the first six months (6M 2024: EUR 1.63).

International investment airports with greater dynamism

Passenger traffic at the Group’s airports was largely positive in the first half of 2025. Frankfurt Airport achieved an increase of 1.4 percent, with approximately 29.1 million passengers. In the second quarter, passenger traffic at Frankfurt rose by 3.1 percent. Germany‘s largest airport thus recovered from the slight decline in the first three months (-0.9 percent). Together with the predominantly faster-growing international airports in its portfolio, Fraport increased its traffic by 3.8 percent to approximately 77 million passengers in the first half of the year.

Outlook for the 2025 financial year

The Fraport Executive Board assesses the development in the first half of 2025 as stable and confirms the forecast for the current fiscal year: The airport operator expects passenger volumes of up to 64 million travelers in Frankfurt. A moderate increase in Group EBITDA is forecast. Group earnings are still expected to be in a range ranging from stable to slightly declining.