Aeroporto Guglielmo Marconi di Bologna S p A : Consolidated Q1 2026 Results

Total passengers

3,8%

5,1%

4,3%

7,2%

EU airports

4,4%

7,9%

4,3%

8,7%

EU+ airports

4,1%

6,0%

3,9%

6,8%

Non EU+ airports

2,6%

0,5%

5,7%

9,3%

International pax

3,7%

10,1%

4,6%

13,2%

Domestic pax

4,2%

(7,9%)

3,3%

(8,2%)

Freight

(3,1%)

6,4%

3,0%

9,8%

Movements

1,3%

(2,8%)

1,7%

(4,3%)

Q1 2026

Q1 2025

Var. % 26 - 25

Passengers

2,241,454

2,135,210

5.0%

ATM*

17,362

16,777

3.5%

MTOW

1,204,857

1,192,749

1.0%

Cargo

13,328,392

12,876,487

3.5%

EURO THOUSANDS

Q1 2026

Q1 2025

Var. % 26 - 25

Aeronautical Revenues

16,901

15,664

7.9%

Non Aeronautical Revenues

12,296

12,364

(0.5%)

Revenues for Construction Services*

12,544

7,986

57.1%

Other Revenues

259

194

33.5%

Revenues

42,000

36,208

16.0%

Revenues adj

29,456

28,222

4.4%

BUSINESS UNIT AVIATION ('000 €)

Q1 2026

Q1 2025

Var. % 26 -25

Passengers

12,693

11,217

13.2%

Airlines

8,598

7,946

8.2%

Airport operators

1,373

1,174

17.0%

Traffic incentives

(5,881)

(4,734)

24.2%

Constructions revenues*

5,695

3,321

71.5%

Other aviation revenues

498

432

15.3%

Total Revenues AVIATION

22,976

19,356

18.7%

EBITDA AVIATION

1,097

1,009

8.8%

BUSINESS UNIT NON-AVIATION ('000 €)

Q1 2026

Q1 2025

Var. % 26 -25

Retail and Advertising

4,740

4,243

11.7%

Parking

4,500

4,629

(2.8%)

Real estate

752

746

0.8%

Passenger services

1,441

1,914

(24.7%)

Constructions revenues*

6,849

4,664

46.8%

Other non aviation revenues

742

656

13.1%

Total Revenues NON-

12.9%

AVIATION

19,024

16,852

EBITDA NON-AVIATION

8,400

8,079

4.0%

HIGHLIGHTS

Q1 2026 FINANCIALS

9,088

2026

1,237

KEY UPDATES

ON-GOING TERMINAL EXPANSION WORKS (AIRSIDE)

ONGOING MULTI-

LEVEL CAR PARK

REALISATION. FIRST ONGOING LONG-BLOCK OPENED IN STAY CAR PARK JULY 2025. SECOND RENOVATION BLOCK EXPECTED

OPENING BY THE

END OF 2026.

4 NEW SCHENGEN GATEROOMS REALIZATION AND BHS BUIDING EXPANSION

EXPANSION OF SCHENGEN DEPARTURES AREA (AIRSIDE) WITH PASSENGERS FLOWS OPTIMIZATION NEAR COMPLETION

OTHER INVESTMENTS

• Environmental sustainability and energy efficiency: photovoltaic system and decarbonization program implementation works in progress;

• Information technology and technological systems to improve passenger experience (ex. Apron redevelopment works, bus waiting-area walkway construction and paving, maneuvering areas paving works);

• Other interventions: decarbonization process in progress eliminating natural gas in favor of zero-emission heating systems, RMP electric vehicles purchases, staff areas seismic upgrading.

Euro in thous ands

Q1 2026

Q1 2025

Var%

Revenues

42,000

36,208

16.0%

Operating Costs

(31,907)

(26,739)

19.3%

EBITDA

1

10,093

9,469

6.6%

EBITDA Adjusted*

9,496

9,088

4.5%

Concession Rights Amortization

(2,990)

(2,463)

21.4%

Amortization & Depreciation

(1,064)

(810)

31.4%

Amortization and Depreciation

2

(4,054)

(3,273)

23.9%

Provision for Doubtful Accounts

(67)

(133)

(49.6%)

Airport Infrastructure Provision

(684)

(662)

3.3%

Other Accruals

(142)

(290)

(51.0%)

Provisions

2

(893)

(1,085)

(17.7%)

Total Costs

(36,854)

(31,097)

18.5%

EBIT

5,146

5,111

0.7%

Financial Income

398

168

136.9%

3

Financial Expenses

(1,726)

(790)

118.5%

EBT

3,818

4,489

(14.9%)

Taxes

4

(1,204)

(1,372)

(12.2%)

Net Profit (loss)

2,614

3,117

(16.1%)

Minority Interest

0

0

n.m.

Group Net Profit

5

2,614

3,117

(16.1%)

Euro in thousands

31Mar26

31Dec25

Change

31Mar26 vs 31Dec 25

Cash

57,069

81,164

(24,095)

Current financial debt

(3,814)

(4,913)

1,099

Current portion of non-current

financial debt

(4,875)

(6,421)

1,546

Current financial

(8,689)

(11,334)

2,645

indebtedness

Net Current financial

48,380

69,830

(21,450)

indebtedness

Non current financial

(95,171)

(96,170)

999

indebtedness

Total financial indebtedness

(46,791)

(26,340)

(20,451)

Financial instruments with a maturity of over 12 months

1,123

1,123

0

TRAFFIC Movements

3,460

3,204

8.0%

1,664

1,561

6.6%

5,124

4,765

7.5%

Load Factor

83.1%

83.5%

81.9%

83.7%

82.7%

83.6%

INTERNATIONAL Passengers

1,707,999

1,633,614

4.6%

800,988

780,766

2.6%

2,508,987

2,414,380

3.9%

TRAFFIC Movements

12,803

12,518

2.3%

5,751

5,733

0.3%

18,554

18,251

1.7%

Load Factor

83.8%

82.0%

84.8%

83.6%

84.1%

82.5%

Passengers

2,239,265

2,133,137

5.0%

1,050,047

1,024,626

2.5%

3,289,312

3,157,763

4.2%

TOTAL Movements

16,263

15,722

3.4%

7,415

7,294

1.7%

23,678

23,016

2.9%

Load Factor

83.6%

82.3%

84.1%

83.6%

83.8%

82.7%