Aegean Airlines Sa · ATHEX:AEGN

Aegean Airlines Sa — FY 2025 Earnings Presentation

15 slides from Aegean Airlines Sa's earnings presentation, Mar 12, 2026

  1. Slide 1: FY 2025 and Q4 2025 Financial Results Presentation

    FY 2025 and Q4 2025 Financial Results Presentation March 2026

  2. Slide 2: FY-25 Highlights

    FY-25 Highlights • €1,86 bil., Consolidated Revenue for the FY-2025, 5% higher YoY. • 21,0 mil. seats, +6% YoY • 17,3 mil. passengers +6% YoY, • 10,2 mil. passengers to/ from international destinations • 7,1 mil. domestic passengers • €421,5 mil. EBITDA +4% YoY. • €192,1 mil. EBT +17% YoY. • €147,8

  3. Slide 3: 2025 was another year of strong performance for AEGEAN

    2025 was another year of strong performance for AEGEAN with growth recorded in passengers, revenue and profitability. RPKs (in mil.) ASKs (in mil.) Passengers (in ‘000) Load Factor 21.126 22.179 17.413 18.231 17.284 82,7% 82,5% 16.325 FY-24 FY-25 FY-24 FY-25 FY-24 FY-25 FY-24 FY-25 +5% YoY +5% YoY +

  4. Slide 4: Q4 2025 Gradual strengthening of demand in the seasonally weaker months

    Q4 2025 Gradual strengthening of demand in the seasonally weaker months Fourth Quarter Fourth Quarter % Full Year Full Year % 2024 2025 change 2024 2025 change Total Passengers (‘000) 3.740 4.071 9% 16.325 17.284 6% RPKs (in mil.) 4.049 4.444 10% 17.413 18.231 5% ASKs (in mil.) 4.893 5.441 11% 21.12

  5. Slide 5: Balance sheet strengthening

    Balance sheet strengthening Cash & Cash Equivalents Debt (€ mil.) (€ mil.) 955,1 664,2 769,1 516,9 383,6 198,7 FY 2019 FY 2024 FY 2025 FY 2019 FY 2024 FY 2025 (amounts in € mil.) FY 2019 FY 2024 FY 2025 Cash and Cash Equivalents 517 769,1 955,1 Debt 199 383,6 664,2 Leases (IFRS 16) 343 1.047,6 971,1

  6. Slide 6: Cash Flow Bridge

    Cash Flow Bridge Pdps: Pre-Delivery payments Amounts in € mil. Financial Investments: including purchase of treasury shares. 6

  7. Slide 7: Fleet Program Driving Efficiency / Quality

    Fleet Program Driving Efficiency / Quality 88 aircraft as of Feb-25 Fleet Evolution 32 Deliveries Total 38 A320 neo family A320 ceo family 2019 1 21 17 2020 7 28 4 A320 neo A321 neo A320 ceo A321 ceo 2021 1 2022 10 2023 9 2024 5 2025 5 2026 7 18 Turboprop (ATR. Dash 8-100) 2027 5 2028 2 13 3 2 ATR72

  8. Slide 8: CEO comments

    Mr. Dimitris Gerogiannis, CEO of AEGEAN, commented: “2025 was another year of strong performance for AEGEAN, with growth recorded in passengers, revenue, and profitability. Network expansion, new aircraft deliveries and capacity growth during the off-peak months contributed positively in Group’s res

  9. Slide 9: Appendix

    Appendix

  10. Slide 10: Hedging Coverage

    Hedging Coverage Managing exposure to reduce volatility on results and target cost certainty Hedging rate % Year Jet Fuel 2026 60% 2027 7% Hedging rate % Year US dollars* 2025 59% 2026 52% Note: Including cashflow and non cashflow hedges as % of total USD expenses 10

  11. Slide 11: AEGEAN at a glance

    AEGEAN at a glance Fourth Quarter Fourth Quarter % Full Full (in € mil.) 2024 2025 change Year 2024 Year 2025 % change Revenue 397,4 425,6 7% 1.777,3 1.859,7 5% EBITDA1 75,4 64,9 -14% 405,3 421,5 4% EBIT 27,6 11,6 -58% 227,1 218,2 -4% Pre-tax Profit/(Loss) (6,5) (2,6) -59% 164,0 192,1 17% Net Profit

  12. Slide 12: Profit and Loss Account

    Profit and Loss Account (in € mil.) Fourth Quarter Fourth Quarter Full Full 2024 2025 % change Year 2024 Year 2025 % change Scheduled Services 343,9 366,2 6% 1544,4 1610,5 4% Charter 11,0 11,8 7% 57,1 61,5 8% Other 42,5 47,7 12% 175,9 187,7 7% Total Revenue 397,4 425,6 7% 1.777,3 1.859,7 5% Other op

  13. Slide 13: Balance Sheet Aegean Group

    Balance Sheet Aegean Group (in € mil.) 31.12.2024 31.12.2025 Total Fixed Assets 1.812,0 1.930,3 Cash & Cash Equivalents 575,6 651,5 Restricted Cash 2,5 3,5 Financial Assets Available for Sale1 191,0 300,2 Other Current Assets 293,3 328,0 Total Assets 2.874,4 3.213,5 Total Equity 499,4 568,8 Lease Li

  14. Slide 14: Cash Flow Aegean Group - Summary

    Cash Flow Aegean Group - Summary (in € mil.) 31.12.2024 31.12.2025 Net cash flows from operating activities 407,5 279,1 Net cash flows from investing activities (118,2) (164,5) Net cash flows from financing activities (230,2) 109,5 Net (decrease)/ increase in cash and cash equivalents 59,1 224,1 Cas

  15. Slide 15: Group Operating Figures

    Group Operating Figures Fourth Quarter Fourth Quarter % Full Full % 2024 2025 change Year 2024 Year 2025 change Capacity ASKs (in millions) 4.893 5.441 11% 21.126 22.179 5% Total available seats (‘000) 4.526 4.973 10% 19.793 21.002 6% Total Block Hours 49.469 53.896 9% 216.940 225.350 4% Total Secto

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