Auckland International Airport Limited Interim Financial Statements 2024

Auckland International Airport Limited reported a significant increase in financial performance for the first half of the 2024 financial year, with revenue up by 53% and net profit after tax increasing by 2373% compared to the same period in the previous year.
The company announced an interim dividend of 6.75 cents per share, with a record date of 20 March 2024 and a payment date of 5 April 2024.
Capital investment reached a record $602.8 million, focusing on aeronautical projects, commercial activities, and infrastructure improvements including the Transport Hub and enabling works for terminal integration.
Passenger movements increased to 9.3 million, with domestic passengers at 4.3 million (up 4%) and international passengers (excluding transits) at 4.6 million (up 44%).
The airport's commercial property portfolio continued to grow, with rental income increasing by 11% and the portfolio valuation reaching $3.0 billion.
Significant progress was made towards terminal integration, with key enabling projects underway and the first stage of the Transport Hub expected to open in April 2024.
The airport maintained a strong liquidity position and robust credit metrics, with total drawn debt of $2,231 million and significant undrawn bank facility headroom.
Auckland Airport provided guidance for FY24, reconfirming underlying earnings guidance of between $260 million and $280 million and lifting capital expenditure guidance to between $1,100 million and $1,400 million.
Regulatory updates included the Commerce Commission's review of Auckland Airport's pricing for PSE4 and the filing of a notice of appeal for a merits review of the final Input Methodologies determination.

This announcement is a summary of the company approved ASX announcement on 21/2/2024 and is based on facts.