Flughafen Wien Ag · VIE:FLU
Flughafen Wien — FY2025 Earnings Presentation
23 slides from Flughafen Wien's earnings presentation, Jan 20, 2026
Slide 1: Traffic Results 2025 & Outlook for 2026
20 January 2026 Traffic Results 2025 & Outlook for 2026 1
Slide 2: New record passenger volume in 2025
New record passenger volume in 2025 Aviation industry grows, but high location costs lead to reductions in LCC operations New record figures in 2025 − All-time high passenger volume in the Flughafen Wien Group of 43.4 million passengers − Vienna Airport sets new records: 32.6 million passengers, 313
Slide 3: Strong year 2025 for the Flughafen Wien Group
Strong year 2025 for the Flughafen Wien Group Double-digit growth rates in Malta and Košice Flughafen Wien Group traffic − 43.4 million passengers in the Flughafen 2025 2024 Δ 2024 development1 Wien Group (+4.9%) Vienna Airport − Strong growth at Malta Airport (+12.3%) Passengers (millions) 32.6 31.
Slide 4: New record: 32.6 million passengers at Vienna Airport
New record: 32.6 million passengers at Vienna Airport Ongoing high seat load factor despite increased capacities Vienna Airport traffic − New passenger record despite the ongoing 2025 2024 Δ 2024 development1 weak economic development, economic Passengers (millions) 32.6 31.7 +2.6% policy headwinds
Slide 5: Expanded offering to Asia drives growth
Expanded offering to Asia drives growth Intra-European passenger traffic shows a slight rise − Strong passenger growth to the Far East: +21.2%, Top 5 airlines at Vienna Airport1 particularly to Singapore, Tokyo, Beijing, Chengdu and Bangkok Airline Market share Passengers Δ 2024 1. Austrian Airlines
Slide 6: Performance of top countries and destinations 2025
Performance of top countries and destinations 2025 High level of demand to the Middle East – Asia No. 1 for long-haul flights Top 10 countries 20251 Top 3 winners – increase vs. 2024 Δ 2024 Δ 2019 Country 2025 Δ 2024 absolute Δ % 2024 Country 2025 Δ % 2024 Δ % 2019 absolute absolute 1. Türkiye 1,834
Slide 7: Vienna Airport as a quality leader
Vienna Airport as a quality leader Top rankings in international comparison Vienna Airport is constantly one of European leader in customer Skytrax Award: “Best Airport Staff in Europe‘s most punctual flight hubs orientation: ACI Level 4 Accreditation Europe 2025” − The most punctual flight hub with
Slide 8: New all-time high for cargo
New all-time high for cargo Record volume of over 300,000 tonnes, strong increase in exports & pharmaceuticals − Best cargo results in the history of Vienna Airport: 5.3% increase in cargo volume to 313,763 tonnes compared to 2024 – belly cargo up 10.8%, trucking up 17% − Strong growth of exports: +
Slide 9: Malta: Uninterrupted passenger growth
Malta: Uninterrupted passenger growth Surpasses the ten million passenger threshold for the first time − Substantial contribution to Flughafen Wien Group passenger volume, accounting for 23% of total passenger traffic − 10.1 million passengers, +12.3% yoy; close to tripling of passenger volume over
Slide 10: Košice: Double-digit growth again in 2025
Košice: Double-digit growth again in 2025 Positive outlook for further passenger increase in 2026 − New passenger record in 2025 825,123 passengers, up 12.2% from 2024 − Increase in capacities and frequencies on several routes − Very strong booking situation for domestic flight service to Bratislava
Slide 11: 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 − Expected slight passenger decrease at Vienna Airport related to the reduction in low-cost carrier capacitie
Slide 12: New offerings and reductions in 2026
New offerings and reductions in 2026 Wizz Air and Ryanair cut back on capacities, Austrian Airlines expands Wizz Air Austrian Airlines: Announced capacity expansion by 2 short- haul aircraft starting with the 2026 summer flight schedule Closing of base operations in Vienna → Reduction from 5 to 3 ai
Slide 13: Growth also assured in the two-runway system
Growth also assured in the two-runway system 3rd runway project will not be continued Sufficient growth potential with the two-runway system − Handling of up to 52 million passengers is possible based on the existing two-runway system − Significant increase in the number of passengers per flight mov
Slide 14: Austria's aviation industry needs a growth stimulus
Austria’s aviation industry needs a growth stimulus Reducing or abolishing the aviation tax is a priority Austria’s aviation industry is an indispensable engine for the economy and tourism − € 25.1 billion in value added - around 4.9% of GDP − Vienna Airport: Cost pressure on the hub is increasing,
Slide 15: Most EU countries have no aviation tax
Most EU countries have no aviation tax Only a few countries rely on this tax burden – including Austria Countries without aviation tax Countries with aviation tax Sweden Slovakia UK € 8.00 – € 258.50 Bulgaria Estonia France € 7.40 - € 120.00 Croatia Latvia Germany € 15.53 - € 70.83 Cyprus Lithuania
Slide 16: Business development & financial guidance for 2026
Business development & financial guidance for 2026 16 16
Slide 17: Stable earnings development in 2026 expected
Stable earnings development in 2026 expected With net income of € 210 million (2025: € 210 million) − For 2026, despite lower charges and a decline in passenger numbers, a stable net profit b.m. of € 210 million is expected thanks to a successful cost-saving program – in line with the guidance for t
Slide 18: Investments rise to approx. € 330 million
Investments rise to approx. € 330 million Despite challenging conditions in 2026 Terminal 3 Southern Expansion − Construction progress on schedule and within budget − Planned opening in 2027 Further major projects in the coming years − Extension of Pier North − Establishment of the Schengen external
Slide 19: Financial guidance for 2026
Financial guidance for 2026 Result remains at the 2025 level despite lower charges and fewer passengers Revenue approx. € 1.050 million EBITDA approx. € 415 million Net profit b.m. approx. € 210 million Net profit a.m. approx. € 185 million Capex approx. € 330 million 19 19 19
Slide 20: AirportCity continues to grow
AirportCity continues to grow New hotel, Space Hub expansion, start of construction for Office Park 4 NEXT − Around 20 companies set up operations in 2025 − A new hotel - Vienna House Easy - has been completed, opening soon 510 rooms, world’s largest wooden hotel − “VIE Space Hub“ – 5 new space comp
Slide 21: EU overregulation and tightening requirements
EU overregulation and tightening requirements are becoming a drag on growth for Europe’s aviation industry Fitness Check Renewable Energy Directive III „European Climate Law“ EU Aviation Package (RED III) (EU) 2023/2413 (EU) 2021/1119 ReFuelEU Aviation Emission Trading System "Fit for 55" (EU) 2023/
Slide 22: Financial calendar 2026
Financial calendar 2026 20 January 2026: Traffic Results 2025 and Outlook for 2026 2 March 2026: Preliminary Results for the Full Year 2025 21 May 2026: Q1/2026 3 June 2026: Annual General Meeting 9 June 2026: Ex-dividend date 19 August: H1/2026 19 November: Q1-3/2026 22
Slide 23: Contact
CONTACT Bernd Maurer Head of Capital Markets +43-1-7007-23126 +43-664-8357723 b.maurer@viennaairport.com 23 23