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Auckland International Airport Ltd
OTC:ACKDF

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Auckland International Airport Ltd
OTC:ACKDF
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Price: 4.575 USD -9.05% Market Closed
Market Cap: $6.8B

Auckland International Airport Ltd
Investor Relations

Auckland International Airport Ltd owns and runs Auckland Airport, the main gateway for air travel in and out of New Zealand. It manages the runways, terminals, taxiways, car parks, and other airport facilities that airlines and passengers use every day. In simple terms, it is the landlord and operator of the country’s busiest airport hub. The company makes money in two main ways. First, it charges airlines for using the airport through landing fees, passenger-related charges, and other aeronautical services. Second, it earns rental and service income from airport shops, food outlets, offices, hotels, parking, and other commercial space around the terminal. Its customers include airlines, travelers, retailers, logistics firms, and other businesses that need a presence at the airport. What makes the business different is that it sits at the center of a critical transport bottleneck: if you want to fly into or out of Auckland, you usually pass through its facilities. That gives the company a mix of regulated airport fees and steadier property-style income from tenants, making it part infrastructure business and part commercial property owner.

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Last Earnings Call
Fiscal Period
Q2 2026
Call Date
Feb 18, 2026
AI Summary
Q2 2026

Results: Auckland Airport said first-half revenue rose 4% to just under $520 million, with operating EBITDAFI up 6% to $371.3 million and underlying profit after tax up 6% to $157.1 million.

Guidance: Management narrowed full-year underlying profit after tax guidance to $295 million-$320 million and capital expenditure to $1 billion-$1.2 billion, saying it has more confidence in passenger growth and project timing.

Demand: Passenger movements rose 2% to 9.64 million, cargo volumes jumped 37%, and management said demand is running ahead of seat supply, especially internationally.

Cost control: Operating expenses fell 1% despite higher activity, helped by procurement savings and tighter spend management, though a modest lift in second-half expenses is expected.

Infrastructure: The airport commissioned more than $743 million of assets in the half and said the integrated domestic jet terminal remains on track for completion in 2029.

Retail pressure: Retail income was mixed as passenger spend improved, but concession yields remain under pressure across the region; management said it is actively working with Lagardere to lift engagement and basket size.

Connectivity: New and returning routes, including China Eastern’s Shanghai-Auckland-Buenos Aires service and Thai Airways’ planned return, were highlighted as important supports for future growth.

Key Financials
Revenue
just under $520 million
Operating EBITDAFI
$371.3 million
EBITDAFI margin
71.5%
Underlying profit after tax
$157.1 million
Reported profit after tax
$177 million
Interim dividend per share
$0.065
Total dividends declared
$110.2 million
Capital expenditure
almost $431 million
Assets commissioned
$743.5 million
Total passenger movements
9.64 million
Domestic passengers
4.37 million
International passengers including transit
5.27 million
International cargo movements
almost 86,000 tonnes
Commercial income
just under $240 million
Retail income
$92.3 million
Income per passenger
$9.76
Car parking revenue
$41.1 million
Investment property rental income
$195.4 million
Hotel occupancy
83%
Operating expenses
just over $148 million
Depreciation
up over $19 million
Gross interest expense
$68.4 million
Net interest expense
$41.4 million
Closing WIP
$1.1 billion
Total drawn debt
circa $2.6 billion
Undrawn bank facilities
just over $1 billion
Cash reserves
$361 million
China additional seats
around 50,000
Chinese travelers via Australia and Auckland
nearly 23,000
Thai Airways return capacity
around 200,000 seats
International seat capacity
89.3% of 2019 levels
Non-transit passengers
93.2% of 2019 levels
Domestic jet seat capacity
up 5%
Average jet airfare
down around 6%
International departure processing time
6.5 minutes
International arrivals processing time
18 minutes
Earnings Call Recording
Other Earnings Calls
2026
2025
2024
2022

Management

Ms. Carrie Hurihanganui
Chief Executive
No Bio Available
Mr. Stewart Leslie Reynolds
Chief Financial Officer
No Bio Available
Ms. Chloe Surridge
Chief Operations Officer
No Bio Available
Mr. Mark Thomson B.Com.
Chief Commercial Officer
No Bio Available
Mr. Scott Tasker B.Sc.
Chief Customer Officer
No Bio Available
Ms. Mary-Elizabeth Tuck B.Com., L.L.B.
Chief Strategic Planning Officer
No Bio Available
Ms. Libby Middlebrook
Head of Corporate Affairs
No Bio Available
Ms. Melanie Dooney
Chief Corporate Services Officer
No Bio Available
Mr. Darren Evans M.Sc.
Chief Safety & Risk Officer
No Bio Available
Mr. Richard Wilkinson
Chief Digital Officer of Pou Apiha Matahiko
No Bio Available

Contacts

Address
AUCKLAND
P O Box 73020
Contacts
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