Slide 1: Preliminary Business Results 2025 & Outlook for 2026
2 March 2026 Preliminary Business Results 2025 & Outlook for 2026 1
Slide 2: 2025 results: Good business performance
2025 results: Good business performance → Revenue rises by +7.2% to € 1.129 billion → Net income at € 210.1 million (2024: € 239.5 million) → Derecognition of assets related to the 3rd runway → Dividend proposal of € 1.65 (2024: € 1.65) − Significant growth in passenger numbers and non-aviation reve
Slide 3: Revenue increased by +7.2%
Revenue increased by +7.2% Continued positive financial result – one-off effect of € 55.9 mn related to 3rd runway € million 2025 2024 Δ Revenue 1,128.9 1,052.7 +7.2% Earnings before interest, tax, depreciation and amortisation 412.4 442.3 -6.8% (EBITDA) Earnings before interest and taxes (EBIT) 279
Slide 4: Ongoing cost pressure
Ongoing cost pressure Significant increase in personnel expenses € million 2025 2024 Δ Consumables and services used -56.5 -55.7 +1.5% Personnel expenses -419.5 -386.1 +8.7% Other operating expenses1 -254.8 -190.1 +34.0% Depreciation and amortisation -132.9 -136.1 -2.1% EBITDA margin 36.5% 42.0% EBI
Slide 5: Cash flow & equity
Cash flow & equity Strong balance sheet structure enables growth investments in Vienna and Malta € million 2025 2024 Δ Cash flow from operating activities 333.3 443.7 -24.9% Free cash flow 159.3 114.2 +39.5% Capex 281.3 189.8 +48.2% Net liquidity 413.8 511.6 -19.1% Equity 1,726.9 1,667.2 +3.6% Equit
Slide 6: Attractive dividend of € 1.65 per share for 2025
Attractive dividend of € 1.65 per share for 2025 Shareholders and employees benefit from the company‘s success Dividend/share (€) 1.65 1,65 − Dividend proposal of € 1.65 per share for 2025 1,50 (2024: € 1.65) 1,35 − Increase in the payout ratio to 75% 1,20 − Dividend proposal corresponds to a curren
Slide 7: Outlook for 2026
Outlook for 2026 Lower revenue, but net income to remain stable at € 210 million yoy → For 2026, a stable net income of € 210 million is expected (in line with the 2025 annual results), despite tariff reductions, a decline in passenger numbers, and the resulting revenue decrease, thanks to a success
Slide 8: Financial guidance for 2026
Financial guidance for 2026 Stable earnings despite fee reduction and expected passenger decline Revenue approx. € 1,050 million EBITDA approx. € 415 million Group net profit b.m. approx. € 210 million Group net profit a.m. approx. € 185 million CAPEX approx. € 330 million 8 8 8
Slide 9: Peak investments of € 330 million in 2026
Peak investments of € 330 million in 2026 Flughafen Wien Group continues to pursue its growth strategy Vienna Airport – new terminal, office and logistics infrastructure − Terminal 3 Southern Expansion creates more capacities and a significantly improved quality of people’s stay − Office Park 4 NEXT
Slide 10: AirportCity takes off
AirportCity takes off Five new space-tech companies are joining the “VIE Space Hub“ − Real estate development as a key airport pillar: leased space has doubled over the past 10 years to more than 200,000 m² − AirportCity is booming: a total of 20 new business establishments in 2025 − VIE Space Hub i
Slide 11: Aviation is a growth sector
Aviation is a growth sector Record passenger traffic at European airports PAX European airports (millions)1 − European airports registered a record volume of 2.500 2.6 billion PAX in 2026 (+4.4%); growth of +6.1% 2.250 in Q4/2025 2.000 − Passenger demand shows high level of resilience: 1.750 weak ec
Slide 12: To unlock growth potential of European aviation
To unlock growth potential of European aviation Urgent adjustments to EU regulations and the ticket tax are necessary → Disadvantaging European airports and airlines in competition – non-EU carriers and hubs are pulling significantly ahead → The 2027 revision of EU aviation regulations must lead to
Slide 13: Traffic development & segments
Traffic development & segments 13 13
Slide 14: 2025: Passenger records across the entire group
2025: Passenger records across the entire group Vienna Airport is making further investments to expand service quality 2025 was the best year in the company‘s history − Passenger record at all airports in the Flughafen Wien Group; +4.9% increase in passenger volume → New all-time high of 32.6 millio
Slide 15: Airport
Airport Further passenger growth results in 5.9% revenue increase to € 536.5 million − Passenger growth (+2.6% in 2025, strong € million 2025 2024 Δ momentum with +5.1% in Q4/2025) and fee External revenue 536.5 506.6 +5.9% adjustments (passenger charges +4.6%) led to EBITDA 169.2 204.3 -17.2% a 5.1
Slide 16: Vienna Airport ranks among Europe's top airports
Vienna Airport ranks among Europe’s top airports Third most punctual airport (>25 million passengers) and numerous quality awards Vienna Airport is a winner of the ASQ Award „Best Airport at Departures 25-40 Mio. passengers/Europe“ Multiple awards for service quality and operational excellence − For
Slide 17: Handling & Security Services
Handling & Security Services Record cargo volumes support clearly positive EBIT − Significant revenue increase of 11.4% as the € million 2025 2024 Δ result of increased flight traffic (flight External revenue 198.0 177.8 +11.4% movements +2.7%, MTOW +3.6%), strong EBITDA 16.3 17.1 -4.5% cargo develo
Slide 18: Retail & Properties
Retail & Properties Clear revenue and earnings improvement for non-aviation services − 7.9% increase in Center Management & € million 2025 2024 Δ Hospitality revenue to € 113.6 million related External revenue 215.0 203.0 +5.9% to the notable rise in shopping, restaurant and lounge services income E
Slide 19: Malta
Malta Clear increase in revenue and earnings as a result of strong passenger growth − Uninterrupted passenger growth: € million 2025 2024 Δ +12.3% to 10.1 million passengers, almost External revenue 157.0 142.9 +9.9% tripling the comparable figure 15 years ago EBITDA 95.0 87.2 +9.0% (2011: 3.5 mn pa
Slide 20: Malta Airport – Rising star in the Group
Malta Airport – Rising star in the Group Impressive success story featuring high growth rates − Malta Airport is one of the Mediterranean‘s most rapidly growing airports, with 10.1 million passengers in 2025 − High growth continues, +17.2% in January 2026 − Investments of approx. € 70 million for ex
Slide 21: Košice Airport – Regional airport on the upswing
Košice Airport – Regional airport on the upswing Traffic growth, new routes and infrastructure measures strengthen the site − Profitable regional airport on a growth path More than 800,000 passengers, revenue of € 22.9 million and positive net earnings − Ongoing strong development of passenger traff
Slide 22: Traffic forecast for 2026
Traffic forecast for 2026 Flughafen Wien AG Guidance 2026 2025 Passengers approx. 30 million 32.6 million Flughafen Wien Group Guidance 2026 2025 Passengers approx. 41.5 million 43.4 million − Good start to the new year: positive development in January 2026 Flughafen Wien Group +5.0% (Vienna Airport
Slide 23: Looking to the future: target of 40 mn PAX in 2035
Looking to the future: target of 40 mn PAX in 2035 But better conditions are needed – such as the abolition of the flight tax Aviation will continue to show sustainable growth − About 2-3% p.a. in Europe, approx. 4-5% annually worldwide to 19 billion passengers by 2045 (ACI) This is why VIE is inves
Slide 24: Financial calendar 2026
Financial calendar 2026 2 March: Preliminary Results for the Full Year 2025 21 May: Q1/2026 3 June: Annual General Meeting 9 June: Ex-dividend Date 19 August: H1/2026 19 November: Q1-3/2026 24
Slide 25: Contact
CONTACT Bernd Maurer Head of Capital Markets +43-1-7007-23126 +43-664-8357723 b.maurer@viennaairport.com 25 25