Aena SME SA has reported record financial results for the 2025 fiscal year, marked by a 10.5pc increase in net profit to €2.14bn. Total consolidated revenue rose 9.5pc to €6.38bn, driven by a third consecutive year of record passenger traffic. Following the announcement on February 25, 2026, Aena’s stock price surged by approximately 16.5pc to reach €27.15, nearing the top of its 52-week range.
EBITDA grew 7.8pc to €3.79bn, maintaining a strong margin of 59.3pc. Commercial revenues were a standout performer, increasing 11pc to reach €1.98bn for the first time.
The Aena Group handled 384.8m passengers globally (+4.2pc), with the Spanish network alone accounting for 321.6m (+3.9pc).
The board proposed a gross dividend of €1.09 per share, an 11.7pc increase compared to the previous year, consistent with its 80pc pay-out policy.
International Expansion: Revenue from international operations jumped 25.6pc (excluding accounting adjustments), supported by significant financing of BRL 5.7bn to modernise 11 airports in Brazil.
Aena expects passenger growth in Spain to slow to +1.3pc in 2026, reaching approximately 326m passengers.
Despite slower traffic growth, fiscal 2026 revenue is projected to reach €7.89bn.
The company is moving toward its DORA III (2027–2031) framework, which envisions a €9.99bn investment program to address capacity constraints at major hubs like Madrid-Barajas and Barcelona-El Prat.
