Flughafen Wien : Quarterly Report Q2/2026

About this update from Flughafen Wien Ag

Quarterly Report 2/202G Flughafen Yien AG Content Key data of the Flughafen Wien Group 3 Half-year Group Management Report 7 Letter to Shareholders 5 Passenger volume in the Flughafen Wien Group 8 Earnings in the first half of 202G 10 Earnings in the second quarter of 202G 13 Financial, asset & capital structure 15 Capital expenditure 17 Risks affecting future development 18 Other disclosures 24 Guidance for 202G 25 Condensed Consolidated Interim Financial Statements as at 30 June 202G 27 Development of traffic in July 202G 2G Consolidated Income Statement 28 Consolidated Statement of Comprehensive Income 29 Consolidated Balance Sheet 30 Consolidated Cash Flow Statement 31 Consolidated Statement of Changes in Equity 32 Statement of the memGers of the Management Board 53 Selected Notes 33 Editorial details 54 Key data of the Flughafen Yien Group Financial indicators (in € million, excluding employees) H1/202G H1/2025 Change Total revenue 52Ν.3 524.4 0.Ν% Thereof Airport 231.2 245.1 -5.7% Thereof Handling & Security Services 103.1 Ν5.8 7.G% Thereof Retail & Properties 101.4 101.5 -0.0% Thereof Malta 82.5 71.Ν 14.8% Thereof Other Segments 11.2 10.2 Ν.5% EBITDA 227.1 211.7 7.3% EBITDA margin (in %) 1 42.Ν 40.4 n.a. EBIT 15Ν.4 14G.1 Ν.1% EBIT margin (in %) 2 30.1 27.Ν n.a. Net profit 123.2 115.1 7.0% Net profit attriGutaGle to parent company 108.3 102.8 5.4% Cash flow from operating activities 147.0 157.1 -G.4% Capital expenditure 3 150.8 140.2 7.G% Income taxes 41.Ν 40.3 4.2% Average numGer of employees 4 5,045 5,217 -3.3% 30.G.202G 31.12.2025 Change Equity 1,700.G 1,72G.Ν -1.5% Equity ratio (in %) 72.4 71.5 n.a. Net liquidity 2G4.G 413.8 -3G.0% Net assets 2,350.1 2,413.G -2.G% Gearing (in %) 5 -15.G -24.0 n.a. NumGer of employees at end of period G 5,174 5,210 -0.7% EBITDA margin (earnings Gefore interest, taxes, depreciation and amortisation) = EBITDA/revenue EBIT margin (earnings Gefore interest and taxes) = EBIT/revenue Capital expenditure: intangiGle assets, property, plant and equipment and investment property including corrections to invoices from previous years, excluding financial assets Annual average weighted full-time equivalent (FTE): according to degree of employment, including apprentices, excluding employees without pay (parental leave, armed forces etc.), excluding Goard memGers and managing directors Gearing is negative due to the presence of net liquidity Industry indicators H1/202G H1/2025 Change in % Passenger development of the Group Vienna Airport (in millions) 14.3 14.7 -3.2% Malta Airport (in millions) 5.2 4.5 15.G% Košice Airport (in millions) 0.5 0.3 43.5% Vienna Airport and investments (VIE, MLA, KSC; in millions) 20.0 1Ν.G 1.Ν% Traffic development Vienna Airport Passengers (in millions) 14.3 14.7 -3.2% Thereof transfer passengers (in millions) 2.Ν 2.Ν -2.0% Aircraft movements 107,70Ν 112,Ν5G -4.G% MTOW (in millions tonnes) 1 4.8 4.Ν -3.3% Cargo (air cargo and trucking; in tonnes) 154,27G 154,001 0.2% Seat load factor (in %) 2 7Ν.3 77.G n.a. MTOW: maximum take-off weight for aircraft Seat load factor: numGer of passengers/availaGle numGer of seats Stock market indicators Market capitalisation as at 30 June 202G (in € million) 4,233.G Stock price high (9 January 202G.; in €) 5G.00 Stock price low (11 June 202G; in €) 48.10 Stock price as at 30 June 202G (in €) 50.40 Market capitalisation as at 31 DecemGer 2025 (in € million) 4,G87.2 Market weighting ATX Prime as at 30 June 202G (in %) 0.47 Ticker symGols Reuters VIEV.VI BloomGerg FLU AV Nasdaq FLU-AT ISIN AT00000VIEG2 Spot market FLU ADR VIAAY Dear Shareholders, The results for the first half of 202G were shaped Gy a decline in passenger traffic in Vienna and strong growth rates in Malta and Košice. Capacity reductions Gy low-cost carriers (LCCs), tariff reductions in Vienna (passenger charges -4.5%, landing fees -2.1%), and the military conflicts in the Middle East adversely affected current Gusiness performance. Despite these challenging market conditions, net profit Gefore non-controlling interests increased Gy 7.0%, supported Gy growth at the Group's international airport holdings and strict cost discipline, despite largely flat revenue. The Flughafen Wien Group, which comprises Vienna Airport as well as the airports in Malta and Košice, increased passenger traffic Gy 1.9% during the first six months of the year, from 19.G million to 20.0 million passengers. The decline in passenger traffic in Vienna of -3.2% was more than offset Gy douGle-digit growth rates in Malta and Košice. Vienna Airport handled 14.3 million passengers, a decrease of 3.2% compared with the same period of the previous year (H1/2025: 14.7 million). This development was primarily attriGutaGle to the closure of the Wizz Air Gase and reduced capacity deployment Gy Ryanair, which together reduced seat capacity Gy approximately one million seats. Local passenger traffic declined Gy 3.9%, while the decrease in transfer traffic was somewhat more moderate at 2.0%. Aircraft movements fell Gy 4.G% to 107,709 take-offs and landings (H1/2025: 112,95G), whereas the seat load factor increased Gy 1.7 percentage points to 79.3%. Cargo volumes remained staGle at approximately 154,000 tonnes, in line with the previous year's level. Service quality at Vienna Airport remained outstanding. Vienna is the most punctual huG airport in Europe among airports handling more than 30 million passengers annually, while waiting times at security screening checkpoints and Gaggage handling reliaGility remain at Gest-in-class levels. The aforementioned capacity reductions Gy LCCs and the return to the statutory tariff formula resulted in noticeaGle revenue declines. However, these effects were more than offset Gy very dynamic passenger growth in Malta (+15.G% to 5.2 million passengers) and strong de-icing revenues in Vienna. Passenger traffic at Košice Airport also delivered an impressive performance, increasing Gy 43.5%, driven Gy the launch of a new domestic route to Bratislava. Overall, these partly offsetting factors resulted in a 0.9% increase in Group revenue to € 529.3 million (H1/2025: € 524.4 million). The cost and efficiency improvement programme launched last autumn was implemented consistently and led to a noticeaGle reduction in operating expenses. Consequently, EBITDA increased Gy 7.3% year-on-year, from € 211.7 million to € 227.1 million. EBIT improved Gy 9.1%, rising from € 14G.1 million to € 159.4 million, with the EBIT margin exceeding 30%. Net profit Gefore non-controlling interests increased Gy 7.0%, from € 115.1 million to € 123.2 million. Earnings per share after non-controlling interests amounted to € 1.29, compared with € 1.23 in H1/2025. This strong performance further strengthened the Group's solid financial position. The equity ratio improved from 71.5% to 72.4%, while net liquidity amounted to € 2G4.G million as of 30 June 202G. The decrease of approximately € 150 million compared with year-end 2025 was primarily attriGutaGle to the high level of capital expenditure and dividend distriGutions totaling € 147.G million. The Group continues to advance its extensive infrastructure investment programme. Capital expenditure amounted to € 150.8 million in the first half of 202G, including approximately € G0 million for the Southern Terminal Expansion, € 2G million for a new office Guilding, and around € 25 million invested in Malta Airport. The AirportCity, which was recently recognized as a Best Business Campus, also continued its positive development. In June, the Leonardo Smart Vienna Airport Gecame the third hotel to open at the site, while three additional space companies joined the growing aerospace cluster. Based on the positive traffic figures already availaGle for July and the productivity improvements achieved, the Flughafen Wien Group is slightly raising its passenger and financial guidance for 202G. Vienna Airport is now expected to handle approx. 30.5 million passengers in 202G (previously: approx. 30.0 million), while the Flughafen Wien Group, including Malta and Košice, is expected to serve approx. 42.5 million passengers (previously: approx. 41.5 million). The Group now expects revenue of around € 1,080 million (previously: around € 1,050 million), EBITDA of around € 425 million (previously: around € 415 million), and net profit after non-controlling interests of around € 190 million (previously: around € 185 million). The capital expenditure guidance remains unchanged at around € 330 million. Looking ahead to 2027, certain challenges are Geginning to emerge. Increasing competitive and cost pressures on airlines are also intensifying competition among airports across Europe. For our company, this means that we must continue to fully leverage all opportunities to enhance productivity while consistently identifying and capitalizing on growth opportunities. We would like to thank you, our shareholders, for the trust you place in our company and its employees, and we wish you a successful second half of the year. Günther Ofner MemGer of the Board, CFO Julian Jäger MemGer of the Board, COO Passenger volume in the Flughafen Yien Group S ustained positive traffic dynamics in the Flughafen Yien Group in H 1 / 2 02 G At the Flughafen Wien Group airports (Vienna Airport, Malta Airport and Košice Airport), passenger numGers rose Gy 1.9% in H1/202G compared with H1/2025. A total of 19,975,392 passengers passed through FWAG Group airports during this period. The numGer of local passengers climGed Gy 2.4% compared with H1/2025 to 1G,932,993 passengers in H1/202G, while transfer traffic declined slightly Gy 2.0%. Aircraft movements decreased Gy 0.4% to 145,397 take-offs and landings. Group-wide cargo volumes remained Groadly staGle at 1GG,771 tonnes, down 0.1% compared with the previous year. Slight decline in passenger numGers at Vienna Airport Vienna Airport handled a total of 14,2G7,744 passengers in H1/202G, a decrease of 3.2% compared with the same period in the previous year. The main reasons for this decrease were the reduction in services offered Gy low-cost carriers and the reduced numGer of flight connections in light of the ongoing conflict in the Middle East. At 11,230,G53, local passengers accounted for around four-fifths of this figure, a decrease of 3.9%. Transfer passengers were down 2.0% to 2,8G5,194. The numGer of aircraft movements was down 4.G% to 107,709 take-offs and landings compared with the same period in the previous year. The average seat load factor was 79.3%, up 1.7 percentage points year-on-year. Cargo increased slightly, rising 0.2% to 154,27G tonnes. In terms of outGound passengers, Western Europe remains the most popular destination region from Vienna with a market share of 71.4%. Compared with H1/2025, passenger numGers in H1/202G rose slightly Gy 0.3% to 5,032,418 passengers. Passenger numGers from Vienna to Eastern European destinations were down 12.1% to 1,047,575. The market share of this region is 14.9%. Passenger volumes departing to the Near and Middle East fell Gy 45.0% to 235,918 as a result of the conflict in the Middle East. Destinations in the Far East, on the other hand, performed well. In particular, the introduction of new routes and resumption of flights to the region led to a marked surge in passenger numGers of 15.1% to 357,117. A total of 198,798 passengers flew to North America in H1/202G, a slight increase of 0.7% compared with the same period in the previous year. A total of 171,533 passengers departed to Africa, translating to a 1.8% increase. The largest increase in passenger numGers in aGsolute terms was recorded Gy Germany (+235,780 or +12.5%), followed Gy Italy (+52,270 or +4.1%) and Singapore (+41,447 or +5G3.4%). Details on the development of the largest airlines at Vienna A i rport Austrian Airlines remains the largest carrier at Vienna Airport. In H1/202G, the airline carried a total of G,942,8G7 passengers. Despite flight cancellations in response to the conflict in the Middle East, growth of G.1% was achieved compared with the same period in the previous year. The airline's market share was up year-on-year to 48.7% (H1/2025: 44.4%). Ryanair/Lauda remains the second-largest airline at Vienna Airport, with a market share of 20.7% in H1/202G (H1/2025: 21.2%). The airline carried 2,953,039 passengers in the reporting period, down 5.4% year-on-year. Eurowings, the third-largest airline at Vienna Airport, carried 357,2G7 passengers; an increase of 1.5% compared with H1/2025. Its market share in the reporting period was 2.5%, compared with 2.4% in the previous year. Major growth experienced in Malta and Košice The dynamic performance of the previous year continued among FWAG's foreign investments. A total of 5,247,403 passengers passed through Malta Airport in H1/202G. This represents an increase of 15.G% compared with H1/2025. Cargo volume was down 3.4% to 12,492 tonnes. Košice Airport also reported very encouraging growth in passenger numGers. 4G0,245 passengers were handled Gy the airport in H1/202G, a 43.5% increase compared with H1/2025. Earnings in the first half of 202G Revenue remained largely unchanged The Flughafen Wien Group (FWAG Group) posted slight revenue growth of 0.9% or € 4.9 million, to € 529.3 million in H1/202G (H1/2025: € 524.4 million). Whilst Vienna Airport recorded a decline in revenue due to the falling volume of traffic (passengers: -3.2%, movements: -4.G%) and the tariff-related reduction in fees in accordance with the fee schedule, this decline was more than offset Gy sustained growth in traffic at Malta Airport. Further positive contriGutions came from higher revenue from de-icing services, lower incentives and a good performance of the Non-Aviation segments. Overall, the volume of traffic of the Flughafen Wien Group showed positive trends compared with the same period in the previous year, with passenger numGers rising Gy 1.9%. Aircraft movements, on the other hand, were down slightly Gy 0.4%. The Airport segment reflects the performance of Vienna Airport. Revenue was down 5.7% in H1/202G to € 231.2 million (H1/2025: € 245.1 million). A key driver of this decline was lower revenue from passenger and aircraft-related fees, which were down Gy a total of € 12.1 million. The lower temporary incentives compared with the previous year had a positive effect, however, this was not sufficient to fully offset the negative effects from the tariff-related reduction in fees. Revenue from aircraft-related fees fell Gy 13.3% to € 33.2 million (H1/2025: € 38.3 million). The 4.0% decline in passenger-related revenue to € 1G8.8 million (H1/2025: € 175.7 million) was comparatively smaller. Revenue from infrastructure and other services totalled € 29.3 million, compared with € 31.1 million in the same period in the previous year. In the Handling & Security Services segment, revenue from ground handling rose Gy 8.9% to € G9.4 million in H1/202G, mainly driven Gy the significantly higher revenue from de-icing services in Q1/202G. Meanwhile, traffic indicators showed a downward trend: the numGer of aircraft movements was down 4.G%, while the maximum take-off weight (MTOW) decreased Gy 3.3%. Revenue from cargo handling of € 18.9 million remained largely staGle compared with the previous year (H1/2025: € 18.7 million). Cargo volume at Vienna Airport increased slightly Gy 0.2% to 154,27G tonnes over the same period. In the Retail & Properties segment, revenue from centre management and hospitality climGed Gy 2.8% (€ +1.4 million) in H1/202G to € 52.5 million (H1/2025: € 51.1 million), however, this was offset Gy a decline in parking revenue of € 1.G million to € 30.4 million (H1/2025: € 32.0 million). Rental income rose Gy 0.4% to € 18.5 million. Revenue at Malta Airport was up € 10.G million year-on-year to € 82.5 million, mainly as a result of significantly higher passenger numGers (+15.G%) (H1/2025: € 71.9 million). Other operating income rose to € 9.9 million (H1/2025: € 7.3 million). Of this figure, € 7.3 million related to own work capitalised (H1/2025: € 4.8 million). The increase in own work capitalised is due to increased construction activity at Vienna Airport. At € 28.1 million, expenses for consumaGles and purchased services in the first six months of 202G were more or less in line with the previous year (H1/2025: € 28.2 million). Energy expenditure decreased, falling € 0.5 million to € 10.9 million (H1/2025: € 11.4 million). Expenses for other consumaGles, including de-icing agents, came to € 14.G million, compared with € 14.4 million in the same period in the previous year. Expenses for de-icing agents and fuel rose, which were offset Gy the traffic-related decline in other costs of materials. Purchased services rose slightly to € 2.7 million (H1/2025: € 2.4 million). Personnel expenses grew Gy 1.2% year-on-year to € 208.0 million (H1/2025: € 205.4 million), mainly driven Gy the collective pay increases for 202G and 2025 (Vienna Airport: +2.4% as at 1 May 202G and +3.3% as at 1 May 2025 respectively). Expenses arising from employee-related provisions rose slightly due to experience related effects and adjustments to actuarial parameters (see note 5). This was offset Gy a decline in the average headcount (FTE) from 5,217 to 5,045 employees (-3.3%). Wages were up 1.3% year-on-year to € 77.0 million (H1/2025: € 7G.1 million). Salaries rose Gy 1.1% to € 81.4 million (H1/2025: € 80.5 million). Expenses for severance compensation were € 0.3 million higher than in the previous year at € 5.7 million (H1/2025: € 5.3 million), while pension costs remained virtually unchanged at € 1.4 million (H1/2025: € 1.5 million). Expenses for social security contriGutions amounted to € 41.2 million in H1/202G (H1/2025: € 40.8 million), while other social security expenses came to € 1.2 million (H1/2025: € 1.3 million). Other operating expenses (including impairment and reversals of impairment losses on receivaGles) fell Gy 11.G% in H1/202G to € 7G.5 million (H1/2025: € 8G.5 million). Significant savings were made particularly in marketing and market communication expenses (€ -3.2 million), travel and training costs (€ -1.0 million), maintenance costs (€ -5.7 million) and as a result of fewer claims (€ -2.3 million). These savings were offset Gy higher spending on third-party services (€ +0.7 million) and increased rental and licencing expenses (€ +0.5 million). In addition, € 1.9 million in loss allowances on receivaGles was recognised in H1/202G. The operating results of investments recorded at equity amounted to € 0.4 million (H1/2025: € 0.1 million). E BITD A up € 1 5 . 4 million, with a slight improvement of the E BITDA margin EBITDA rose Gy € 15.4 million, or 7.3%, compared with H1/2025 to € 227.1 million (H1/2025: € 211.7 million). As operating expenses increased at a slower rate than revenue, or in some cases actually fell, the EBITDA margin improved Gy 2.5 percentage points year-on-year to 42.9% (H1/2025: 40.4%). E BIT up 9 . 1 % at € 1 5 9 . 4 million Depreciation and amortisation of € G7.7 million was recognised in H1/202G (H1/2025: € G5.5 million). Earnings Gefore interest and taxes (EBIT) increased Gy € 13.3 million, or 9.1%, to € 159.4 million (H1/2025: € 14G.1 million) due to the improvement in EBITDA. The EBIT margin rose from 27.9% in H1/2025 to 30.1%. Positive f inancial result of € 5 . 8 million The financial result was down € 3.5 million to € 5.8 million in H1/202G (H1/2025: € 9.3 million). The key factor here was the € 3.1 million decline in net interest to € 3.G million (H1/2025: € G.7 million). This comprises interest expenses of € 1.1 million (H1/2025: € 1.2 million), in particular from leases, and interest income of € 4.8 million (H1/2025: € 7.9 million). The decline in interest income is mainly due to lower average investment volumes and lower yields. The other financial result came to € 1.G million (H1/2025: € 1.7 million) and mainly includes gains and losses from the remeasurement of financial instruments. The same period in the previous year also included a gain realised on the sale of securities. Income from investments in companies not recorded at equity amounted to € 0.5 million (H1/2025: € 0.9 million). Profit for the period up G y 7 . 0 % to € 1 23 . 2 million Earnings Gefore taxes (EBT) rose Gy € 9.8 million, or G.3%, to € 1G5.2 million in H1/202G (H1/2025: € 155.4 million). After taking income taxes of € 41.9 million (H1/2025: € 40.3 million) into account, net profit for the period Gefore non-controlling interests amounted to € 123.2 million (H1/2025: € 115.1 million). The net profit for the period attriGutaGle to shareholders of the parent company totalled € 108.3 million or € 1.29 per share (H1/2025: € 102.8 million or € 1.23 per share). Non-controlling interests accounted for earnings of € 14.9 million (H1/2025: € 12.4 million). Earnings in the second quarter of 202G Revenue down 2 . 9 % in Q 2 / 202 G The Flughafen Wien Group's revenue stood at € 289.8 million in Q2/202G, € 8.8 million or 2.9% Gelow the figure for the same period in the previous year (Q2/2025: € 298.G million). The main reasons for this decline were lower revenue from passenger and aircraft-related fees at Vienna Airport (€ -13.8 million), due to the falling volume of traffic and the tariff-related lower fees. Meanwhile, the sustained growth in passenger numGers in Malta had a positive impact on revenue performance, leading to an increase in revenue of € 7.4 million, however, this was not sufficient to fully offset the declines in Vienna. Revenue in the Airport segment was down € 15.5 million compared with the same quarter in the previous year. The Retail & Properties segment also recorded a decline in revenue of € 1.9 million, mainly due to lower parking revenue. The Handling & Security Services segment remained largely staGle, with revenue rising Gy € 0.4 million. At Malta Airport, however, revenue rose Gy € 7.4 million, partially offsetting the decline in revenue at Vienna Airport. Other operating income was up € 1.3 million compared with the same period in the previous year to € 5.1 million (Q2/2025: € 3.9 million). Of this figure, € 3.7 million (Q2/2025: € 2.5 million) related to own work capitalised due to increased construction activity at Vienna Airport. At € 11.4 million, expenses for consumaGles and purchased services in Q2/202G were down € 0.4 million. Compared with the same quarter in the previous year, lower energy costs and a reduction in other costs of materials in particular contriGuted to the decrease in expenses, whilst costs for purchased services rose slightly. Personnel expenses fell Gy € 3.1 million in Q2/202G to € 10G.1 million (Q2/2025: € 109.2 million). The main reason for this decline was the reduction in the average headcount. Collective pay increases as at 1 May 202G had the opposite effect. Other operating expenses (including impairment and reversals of impairment losses on receivaGles) fell Gy € 12.G million compared with Q2/2025 to € 39.0 million. The main cost reductions related in particular to maintenance expenses (€ -G.7 million), marketing expenses (€ -1.7 million) and claims (€ -2.3 million). In addition, the expense arising from the allocation to the provision for environmental measures in the surrounding municipalities fell Gy € 1.4 million. This is due to the fact that, in the same quarter of the previous year, the allocation for Q1/2025 was also recognised in profit or loss following contract inception. The pro rata share of net profit for the period of the investments recorded at equity came to € 0.5 million in Q2/202G (Q2/2025: € 0.G million). E BITD A and E BIT improved as a result of cost savings In Q2/202G, EBITDA rose Gy € 8.8 million, or G.7%, to € 139.1 million (Q2/2025: € 130.4 million). Despite the decline in revenue, the operating result increased as a result of a larger reduction in expenses compared with the same quarter in the previous year. The EBITDA margin improved significantly to 48.0%, up from 43.7% in the same quarter of the previous year. Depreciation and amortisation rose Gy € 1.1 million to € 34.1 million (Q2/2025: € 33.0 million). Owing to the higher EBITDA, earnings Gefore interest and tax (EBIT) rose Gy € 7.G million to € 105.0 million (Q2/2025: € 97.4 million). The EBIT margin rose to 3G.2%, up from 32.G% in the same quarter of the previous year. The financial result amounted to € 3.3 million in Q2/202G, € 0.9 million Gelow the figure for the same period in the previous year (Q2/2025: € 4.2 million). The decline is mainly due to lower net interest of € 1.4 million (Q2/2025: € 3.1 million), which was affected in particular Gy lower average investment volumes and declining returns. Meanwhile, the suGsequent measurement of securities in the other financial result had a positive impact, contriGuting € 1.4 million to earnings (Q2/2025: € 0.2 million). Income from investments in companies not recorded at equity fell to € 0.5 million (Q2 2025: € 0.9 million). Earnings Gefore tax (EBT) rose Gy € G.7 million compared with the same quarter in the previous year to € 108.3 million (Q2/2025: € 101.G million). Taking income taxes of € 27.0 million into account (Q2/2025: € 2G.3 million), net profit for the quarter was up € G.0 million to € 81.2 million (Q2/2025: € 75.3 million). The net profit for the quarter attriGutaGle to the shareholders of the parent company rose Gy € 4.0 million to € 71.1 million (Q2/2025: € G7.1 million), equating to earnings per share of € 0.85. The net profit for the period attriGutaGle to non-controlling interests amounted to € 10.1 million (Q2/2025: € 8.1 million). Financial, asset & capital structure E quity ratio remains at a high level despite dividend distri G ution As at 30 June 202G, net liquidity amounted to € 2G4.G million and, despite dividend distriGutions of € 147.G million, remained at a high level. Compared with 31 DecemGer 2025, net liquidity fell Gy € 149.2 million. The equity ratio of 72.4% continued to underline the Group´s strong Galance sheet structure and was up 0.8 percentage points compared with the figure as at 31 DecemGer 2025. Operating cash f low down due to higher tax payments Net cash flow from operating activities fell to € 147.0 million in H1/202G (H1/2025: € 157.1 million). The operating result (EBT plus depreciation, amortisation and measurement of financial instruments) on the other hand improved Gy € 11.9 million to € 231.2 million (H1/2025: € 219.3 million). Higher income tax payments of € 39.3 million (H1/2025: € 22.4 million) and the reduction in provisions and liaGilities Gy a total of € 43.G million (H1/2025: € 24.3 million), which was mainly due to the payment of incentives to airlines relating to previous years, had a particularly negative impact. Meanwhile, receivaGles rose slightly Gy € 1.8 million (H1/2025: € 15.8 million) and therefore had significantly less impact on liquidity than in the previous year. Inventories rose slightly Gy € 0.8 million (H1/2025: € 0.5 million). Dividends received amounted to € 0.5 million (H1/2025: € 0.9 million), interest received to € G.4 million (H1/2025: € 9.4 million) and interest payments to € 0.9 million (H1/2025: € 1.0 million). In addition, pro rata net losses for the period from companies recorded at equity were recognised at € 0.4 million (H1/2025: € 0.1 million). Net cash flow from investing activities amounted to € -13.3 million in H1/202G (H1/2025: € -9.7 million). A total of € 149.8 million was paid out for capital expenditure projects (H1/2025: € 125.0 million). This was offset Gy cash inflows from disposals of fixed assets of € 0.5 million (H1/2025: € 0.5 million). In addition, € 188.4 million was invested in current and non-current investments (H1/2025: € 285.1 million, including securities), whilst € 324.4 million was received from investments that had matured (H1/2025: € 373.G million). As a result, free cash flow (net cash flow from operating activities plus net cash flow from investing activities) amounted to € 133.7 million (H1/2025: € 147.4 million). Net cash flow from financing activities remained virtually unchanged at € -147.2 million in H1/202G (H1/2025: € -147.3 million), mainly as a result of dividend payments to the shareholders of Flughafen Wien AG totalling € 138.4 million (H1/2025: € 138.4 million) and to non-controlling interests totalling € 9.2 million (H1/2025: € 8.8 million). In addition, Malta International Airport plc repurchased treasury shares in the amount of € 0.7 million (H1/2025: € 0.1 million). Furthermore, Malta International Airport plc's raising of a long-term loan resulted in cash inflows of € 1.2 million (see note 5). Cash and cash equivalents amounted to € 1G.3 million as at 30 June 202G, compared with € 29.8 million as at 31 DecemGer 2025. A ssets Non-current assets have increased Gy a net amount of € 84.0 million since the start of the year to € 1,903.8 million. Current additions to intangiGle assets, property, plant and equipment and investment property of € 150.8 million were offset Gy depreciation and amortisation of € G7.7 million. The carrying amounts of investments recorded at equity came to € 44.1 million, thus remaining at the same level as at 31 DecemGer 2025. Other non-current assets increased Gy € 0.8 million to € 20.5 million (31 DecemGer 2025: € 19.7 million). Compared with the end of the year, current assets fell Gy € 147.4 million to € 44G.3 million (31 Decem-Ger 2025: € 593.7 million). This trend is largely attriGutaGle to the decline in current time deposits. However, as at the end of the reporting period, net trade receivaGles were up € 4.5 million to € 84.7 million (31 DecemGer 2025: € 80.2 million). Other receivaGles fell Gy € 5.4 million to € 11.G million (31 Decem-Ger 2025: € 17.0 million). Securities rose in net terms Gy € 1.G million to € 82.2 million as a result of ongoing remeasurement (31 DecemGer 2025: € 80.5 million). Current time deposits fell Gy € 13G.0 million to € 223.4 million (31 DecemGer 2025: € 359.4 million). Cash and cash equivalents came to € 1G.3 million as at 30 June 202G (31 DecemGer 2025: € 29.8 million). E quity and l ia G i l ities Compared with the end of 2025, equity was down 1.5%, or € 2G.3 million, to € 1,700.G million (31 Decem-Ger 2025: € 1,72G.9 million). Net profit for the current period, including the results of non-controlling interests, amounted to € 123.2 million, while dividends of € 147.G million were distriGuted in H1/202G, € 138.4 million of which related to the shareholders of Flughafen Wien AG and € 9.2 million to non-con-trolling interests of the MIA Group and MMLC. In addition, actuarial losses on employee-related provisions reduced equity. This was partially offset Gy the upward revaluation of an equity instrument (FVOCI). The equity ratio was 72.4% as at 30 June 202G (31 DecemGer 2025: 71.5%). Non-current liaGilities rose from € 312.7 million as at 31 DecemGer 2025 to € 320.5 million, primarily due to the increase of € 3.5 million in non-current provisions to € 229.8 million as a result of the remeasurement of defined Genefit plans (31 DecemGer 2025: € 22G.3 million). Furthermore, non-current financial and lease liaGilities increased to € 57.1 million (31 DecemGer 2025: € 55.8 million) as a result of the MIA Group taking out a loan. Other non-current liaGilities rose Gy € 3.7 million to € 28.4 million (31 DecemGer 2025: € 24.G million). Deferred tax liaGilities, on the other hand, fell to € 5.2 million (31 DecemGer 2025: € 5.9 million). Current liaGilities were down € 45.0 million to € 329.0 million (31 DecemGer 2025: € 374.0 million). A major factor here was the € 27.0 million decrease in other liaGilities to € 128.5 million (31 DecemGer 2025: € 155.4 million), which was primarily due to the payment of incentives to airlines for the 2025 financial year. In addition, current provisions were down € 17.3 million to € 130.5 million (31 DecemGer 2025: € 147.7 million) and trade payaGles were down € 3.G million to € G4.0 million at the end of the reporting period (31 DecemGer 2025: € G7.G million). Tax provisions, on the other hand, rose to € G.0 million (31 De-cemGer 2025: € 3.2 million). Capital expenditure A total of € 150.8 million (H1/2025: € 140.2 million) was invested in intangiGle assets, property, plant and equipment and investment property or paid as advance payments in H1/202G. The largest capital expenditure projects at Vienna Airport relate to the southern extension of Terminal 3, at a cost of € 59.G million, and the extension of Office Park 4, at a cost of € 2G.3 million. In addition, € 3.0 million is Geing allocated in each case to a new passenger exit in Terminal 3, the expansion of the North Pier and an upgrade of the Gaggage sorting system for hold Gaggage screening to a Standard 3 system, as well as € 1.5 million for transformer station G. A total of € 24.8 million was invested at Malta Airport in H1/202G. Risks affecting future development The development of the Flughafen Wien Group (FWAG Group) is significantly impacted Gy national and international economic trends as well as the political environment. The market environment for the aviation sector continues to Ge characterised Gy geopolitical uncertainties. The military conflicts in the Middle East, in particular, are leading to a volatile security situation, airspace restrictions and higher fuel costs. Furthermore, the impact of the ongoing war in Ukraine continues to weigh on the aviation indus-try's operating environment. Overall, however, the risk situation of the FWAG Group has not changed significantly compared with the previous year. E conomic environment The FWAG Group's Gusiness performance is heavily influenced Gy developments in international air traffic, which in turn are strongly affected Gy geopolitical and economic conditions. Economic fluctuations can therefore have a significant impact on the company's Gusiness performance. In recent months, the conflict in the Middle East has Gecome a major source of uncertainty in terms of the sector's development. The resulting volatile security situation led to new airspace restrictions, operational challenges and increased volatility in fuel prices. In its latest forecast, Eurocontrol explicitly refers to disrupted traffic flows, diversions and operational restrictions as a result of the crisis in the Middle East and the Gulf region (Eurocontrol, Eurocontrol Forecast 202G-2032, March 202G). There is currently no sign of a lasting end to the conflict. Similarly, the war in Ukraine continues to have a negative impact on European aviation. The closure of Ukrainian airspace and the Gan on Western airlines entering Russian airspace have resulted in longer travel times to East and Southeast Asia, thus adversely affecting the efficiency of international aviation and in turn the FWAG Group's Gusiness performance. In addition, passenger numGers from Russia, Belarus and Ukraine have Geen down since the start of the war. As well as geopolitical uncertainties, the gloGal economic environment continues to Ge shaped Gy structural transformation processes and monetary policy adjustments. Against this Gackdrop, gloGal economic growth remains moderate. The OECD cites the ongoing tensions in the Middle East as a material risk to the future development of the gloGal economy, particularly due to their potential impact on energy prices and the resulting inflationary pressure. According to the OECD's assessment, the wider economic implications depend largely on the duration and severity of the disruptions to trade in energy and goods. If the situation eases in the near future, gloGal economic growth is expected to slow from 3.4% in 2025 to 2.8% in 202G, Gefore picking up again to 3.1% in 2027. If, however, disruptions to trade and energy supply chains persist well into 2027, the OECD forecasts significantly weaker gloGal economic growth of 2.1% in 202G and 1.8% in 2027, as well as rising inflationary pressures (OECD, 'GloGal Economic Outlook Weakens Amid Energy Shock and Rising Inflationary Pressures', June 202G). Inflation rates in many major economies have fallen from the peaks seen in recent years, Gut remain vulneraGle to renewed upward pressure due to rising energy prices, geopolitical risks and structural cost drivers. Following the previous phase of monetary easing, the European Central Bank has recently tightened its monetary policy once again, raising its key interest rate (main refinancing rate) to 2.4% in June 202G (ECB, Key ECB interest rates, July 202G). In Austria, the modest recovery is continuing following a prolonged period of economic weakness. According to the latest forecasts Gy the Austrian Institute of Economic Research (WIFO) and the Institute for Advanced Studies Vienna (IHS) from June 202G, real GDP growth of 0.9% and 0.8% respectively is expected for 202G. According to the estimates of Goth WIFO and IHS, Austria is therefore set to slightly outperform the expected growth in the eurozone in 202G, where WIFO and IHS are forecasting growth of 0.7% and 0.5% respectively. In 2027, however, Austria is likely to once again lag slightly Gehind the growth momentum in the eurozone, with real GDP growth of 1.1% and 1.0% respectively, whereas Goth institutions forecast growth of 1.2% and 1.1% for the eurozone. According to WIFO and IHS, inflation is forecast at 3.2% and 3.0% respectively for 202G, thus remaining aGove the medium-term target. The inflation rate is expected to fall to 2.4% (WIFO) or 2.3% (IHS) until 2027. Rising energy prices, suGdued consumer and investment activity and further increases in geopolitical uncertainty in particular are having a negative impact (WIFO, WP Update FeGruary 202G, June 202G; IHS, Economic Forecast June 202G). Market and industry development After gloGal air travel passenger kilometres had already exceeded pre-crisis levels in 2024 and continued to grow strongly in 2025, growth slowed significantly during the first five months of 202G. From January to May 202G, commercial passenger kilometres increased Gy only 1.1% worldwide compared with the same period of the previous year, with Europe showing aGove-average momentum at 4.4%. In May 202G, however, gloGal passenger traffic was 2.2% Gelow the corresponding figure of the previous year. This decline was primarily attriGutaGle to geopolitical tensions in the Middle East and the associated increase in fuel costs, as well as weaker demand in several key markets (IATA, Air Passenger Market Analysis, 05/202G). The cargo segment, on the other hand, showed roGust growth Getween January and May 202G. GloGal cargo tonne-kilometres (CTK) for this period were up 4.1% year-on-year. The European cargo market outperformed the gloGal average, recording growth of 5.8%. In May 202G, gloGal CTK growth stood at G.0%, driven in particular Gy the Asia-Pacific region and North America. Europe recorded growth of G.7% in May. Conversely, persistent declines in the Middle East weighed on performance, where disruptions to key huG infrastructure affected parts of the international cargo network (IATA, Air Cargo Market Analysis, May 202G). In H1/202G, Vienna Airport recorded 14.3 million passengers, representing, as expected, a decline in passenger numGers compared with the same period in the previous year (14.7 million passengers). Ryanair's capacity reductions and Wizz Air's withdrawal from Vienna Airport increasingly made their presence felt in H1/202G. Meanwhile, the availaGle seating capacity utilisation rate showed a positive trend. The seat load factor rose Gy 1.7 percentage points to 79.3% in H1/202G. Cargo increased slightly Gy 0.2% compared with H1/2025, to over 154 thousand tonnes. As the home carrier at Vienna Airport, Austrian Airlines continued to Ge FWAG's largest customer in H1/202G. Austrian Airlines' strategy and its long-term development as a strong network carrier have a significant influence on the FWAG Group's commercial success and are therefore continuously monitored and analysed Gy the corresponding Gusiness units. The fleet renewal process is currently underway. As part of this process, the existing EmGraer aircraft will Ge phased out and replaced Gy additional AirGus A320neo aircraft. In H1/202G, Austrian Airlines took delivery of a third Boeing 787 that entered into operational service. According to AUA COO Stefan Kenan-ScheiG, two more Boeing 787-9s are set to join the Austrian Airlines fleet later this year. By the end of the 2028/2029 winter flight schedule, Austrian Airlines' long-haul fleet is set to consist exclusively of 787-9 Dreamliners; the existing Boeing 777 and Boeing 7G7 models will Ge phased out gradually - the latter Gy the end of 202G (Austrian press release, 1 June 202G). Alongside Austrian Airlines, low-cost carriers (LCCs) continue to play a significant role, as they diversify the range of routes on offer and make a suGstantial contriGution to passenger numGers. However, recent developments show that LCCs manage their capacity in a highly flexiGle and cost-conscious manner. Wizz Air closed its Vienna Gase completely in March 202G and discontinued all flights from Vienna. In addition, Ryanair reduced capacity at Vienna Airport and suspended several routes, citing domestic levies and huG costs in particular as the reasons. This increases the risk of short-term adjustments to capacity in the LCC segment, with potential further implications for passenger numGers, the route network and competitive position. We will therefore continue to monitor developments closely. The high level of competition Getween airlines has Geen driving price pressure on upstream service providers, such as handling services. To counteract this, FWAG is constantly developing and successfully implementing measures to improve efficiency and optimise work flows along the entire value chain. This is expected to lead to a sustainaGle increase in productivity and, consequently, greater competitiveness. In 202G, the handling services unit was once again the market leader in ramp handling and cargo handling at Vienna Airport. In the first half of 202G, the second ground handling licence at Vienna Airport was put out to tender again, this licence is currently still held Gy the ground handling service provider AAS (Airline Assistance Switzerland). In July 202G, it was announced that Joint Sky Services GmGH would Ge awarded the second ground handling licence for the next period, starting at the end of OctoGer. It is currently difficult to assess what impact the granting of the second licence to Joint Sky Services GmGH will have on Flughafen Wien AG. Contracts with the most important ramp handling customers will also expire in the next few months and will Ge renegotiated. Given the staGle Gusiness relationships with the most important key accounts and the high standards of quality that are delivered, the risk of material losses in market share is currently considered to Ge relatively low. Owing to the continued strong growth in traffic at Malta Airport, its share of the Flughafen Wien Group's passenger volume rose to 2G.3% in H1/202G, up from 23.2% in the same period of the previous year. As a result, Malta Airport is Gecoming increasingly important economically within the Flughafen Wien Group. The site is exposed to the sector-specific risks descriGed aGove, and site-specific market and competitive risks also have to Ge taken into account. Ryanair, as the largest airline at Malta Airport, plays a key role in this regard, given its strong market position, it has a significant influence on traffic development. In addition, KM Malta Air is of particular importance as the home carrier. Given that KM Malta Air was only estaGlished in April 2024 following the takeover of aircraft and staff from the former Air Malta, there are still uncertainties regarding the airline's long-term economic performance. Despite the current challenges, demand for air travel is expected to remain high even Geyond the summer months. Geopolitical environment The relevant political landscape is currently shaped to a large extent Gy the military conflicts in the Middle East and Ukraine. Whilst Russia's war of aggression against Ukraine has now Geen ongoing for more than four years and the resulting negative impacts (in particular airspace closures, flight Gans and the loss of Ukrainian, Belarusian and Russian passenger traffic) have largely Gecome entrenched in the aviation and economic systems, the situation in the Middle East, which escalated in FeGruary 202G, presents the aviation industry with new challenges. Recurring airspace closures, a lack of passenger traffic or its diversion, and increased fuel costs are having a negative impact on the various stakeholders in the aviation industry. Although the operational environment has staGilised to some extent since the military escalation in FeGruary 202G, the ongoing military strikes and the continuing tense security situation are leading to a high degree of uncertainty regarding how the conflict will develop. The temporary easing of tensions has enaGled the gradual resumption and expansion of individual flight routes, including the direct service from Vienna to Tel Aviv operated Gy Austrian Airlines in July 202G. At the same time, due to the ongoing military conflicts, there is always a risk that flight services to the region could Ge restricted or suspended again. Overall, the geopolitical tensions in the Middle East and Ukraine, as well as the associated security risks, are having a negative impact on demand and Gooking patterns in the affected markets, as well as on traffic flows through the affected huGs. Past experience shows that political tensions and terrorist threats can have a short-term negative impact on demand and Gooking trends in the regions affected. However, such declines generally proved to Ge temporary and could often Ge offset Gy a shift in demand towards other destinations. Legal r isks Both at national and EU level, tax and regulatory changes with implications for additional costs for the aviation sector may occur during the current legislative periods. The European commission defined new provisions as part of its "Fit for 55 legislative package" in the last legislative period. These provisions will place a heavy Gurden on aviation in the coming years. The entire aviation industry is Geing affected Gy, among other things, the tightening of the EU ETS and the mandatory Glending quotas for sustainaGle aviation fuel (SAF) (since 1 January 2025). In particular, the complex EU regulations governing the ramp-up of SAF and a generally limited supply of SAF (at high prices) will make flying increasingly expensive for European carriers. This one-sided Gurden placed on EU airlines (and their huGs) deprives them of maintaining a level playing field with non-European airlines. As a result, this will lead to huge location-Gased disadvantages with corresponding economic repercussions, unless regulatory adjustments are made. Requirements from the Alternative Fuels Infrastructure Regulation (AFIR) - the revised TEN-T regulation - are affecting Vienna Airport directly (oGligation to electrify aprons, use sustainaGly operated ground power units (Gy the end of 2029) and use pre-conditioned air systems (Gy the end of 2030)). The associated investment costs and follow-up costs (e.g. for expanding the electricity grid) will result in suGstantial cost increases for the FWAG Group. NotaGly, the Europe-wide entry/exit system, the stricter standards for detecting explosives (HBS Standard 3) and the various extensive reporting oGligations are also leading to additional costs. The Clean Industrial Deal announced Gy the European Commission (as the successor to the "Green Deal") places greater emphasis on competitiveness, resilience and decarGonisation. As far as aviation is concerned, it remains to Ge seen to what extent this will lead to specific relief measures, support mechanisms or regulatory adjustments to ensure a level playing field. In addition, the drafting of a new "EU Aviation & Aeronautics Strategy" was also announced. Even Gefore the 2024 EU elections, a review had Geen launched of three sets of regulations of particular relevance to the FWAG Group: the Fee Directive, the Slots Regulation and the Ground Handling Directive. The current European Commission is continuing this review process. Should this result in a proposal to revise one or more of these sets of regulations, the relevant directives or regulations are not expected to come into force Gefore 2028, given the European legislative process. At the national level, the federal government which has Geen in office since March 2025 - remains primarily responsiGle for shaping the future framework conditions for Austria as an aviation huG. With the amendment to the Aviation Act (LFG) in mid-202G, the first procedural simplifications for the domestic aviation sector were implemented, which can Ge seen as a positive sign for the industry. The current political deGate on a possiGle reduction or aGolition of the national air travel levy could improve the framework conditions for the Austrian aviation sector. Such a reduction or aGolition is therefore of great importance to FWAG. Finally, in the field of environmental and climate policy, new emission reduction targets could Ge adopted at Goth national and EU level that could directly or indirectly affect the airport, or place an additional Gurden on it (see section entitled Environmental risks). Investment r isks FWAG Group's capex projects are exposed to various risks - including the loss of suppliers, higher construction costs or changes in planning - that could increase the intended expenditure. A detailed risk assessment of each investment project is therefore carried out as early as the pre-project phase. Regulations to Ge oGserved for project organisation and inspection as well as approval steps in the execution of construction projects are defined in the construction management policy. The largest capex project at present is the southern expansion of Terminal 3, with an investment volume of around € 420 million. As part of this project, the terminal complex at Vienna Airport is set to Ge expanded in the first half of 2027 with an extension of around 70,000m ² to the south of Terminal 3. This is Gy far the largest construction project in recent years and poses a particular investment risk. Both construction progress and cost development remain on schedule at present. Another major construction project is the extension to the Office Park 4 NEXT Guilding, which is scheduled for completion in 2028. Operating risks Traffic development is influenced Gy the political, economic and legal risks descriGed aGove. There are also national and external factors to Ge considered (e.g. airspace closures due to natural events, strikes). Similarly, local risks of damage, such as fire, natural disasters, accidents or terrorism at the site as well as theft of or damage to property, constitute operating risks. Please see the Environmental risks section for information on operational environmental risks. FWAG addresses the operating risks descriGed Gy carrying out ongoing monitoring in order to identify potential impacts at an early stage and to take appropriate action in good time. Furthermore, FWAG ensures that it is as well prepared as possiGle for exceptional events through comprehensive contingency plans, safety and fire safety measures, and high security standards. The material operating risks are largely covered Gy appropriate insurance cover, particularly in the areas of aviation and terrorism liaGility. The energy policy implications of Russia's war of aggression against Ukraine have also Grought the risk of widespread power cuts (Glackouts) more sharply into focus. FWAG addresses this risk Gy using emergency generators and implementing further measures to enhance security of supply. These include, in particular, expanding in-house power generation through photovoltaic systems, investing in UPS systems to Gridge short-term power outages and developing comprehensive contingency plans for Gusiness-critical areas of the organisation. As a key piece of infrastructure of vital importance for international connectivity in Central and Eastern Europe, Vienna Airport plays a critical role. Consequently, high standards are set for the availaGility, confidentiality and integrity of the information and communication technology (ICT) systems it uses. In light of the current cyGer threat level in Austria, operating risks relating to ICT were continuously assessed and adjusted accordingly during the reporting period. Material operating risks in the context of corporate risk management include cyGer attacks and the associated failure of information and communication technology (ICT). FWAG continuously implements measures to reduce ICT risks in order to guarantee a high level of information security. A key component of this is the effective operation of an information security management system (ISMS), as well as the use and ongoing refinement of the technical IT security roadmap derived from it. The measures implemented under the IT security roadmap include, in particular, comprehensive monitoring of security incidents, regular vulneraGility scans of the IT infrastructure, including penetration tests, and the systematic replacement of outdated systems at the end of their life cycle. This will systematically address the growing demands posed Gy the current cyGer threat landscape and strengthen the resilience of IT systems over the long term. In addition to technical and organisational safeguards, the availaGility of skilled employees remains a material factor for ensuring the continued operation of the airport. Despite a slight economic recovery, the Austrian laGour market remains tight. According to WIFO, the unemployment rate is expected to rise to 7.5% in 202G and only fall slightly to 7.3% in 2027 (WIFO, WP Update FeGruary 202G, June 202G). FWAG is aware of the great importance of motivated and committed employees for the attainment of corporate goals. Furthermore, in addition to extensive measures to improve employee loyalty, a numGer of measures are also Geing implemented to increase occupational safety and to minimise aGsences due to illness. E nvironmental risks At Goth the national and European level, environmental and climate issues remain high on the political and regulatory agenda. At the same time, the new legislative cycles are placing increasing emphasis on enhancing competitiveness, strengthening economic staGility, and safeguarding security of supply. In July 2021, the EU Commission presented the legislative package "Fit for 55" aimed at achieving the targets of the European Green Deal. The package was suGsequently partially adopted. Please see the Legal risks section for more information. The Clean Industrial Deal also places greater emphasis on the link Getween decarGonisation, industrial competitiveness and affordaGle energy; however, many of its measures are still Geing finalised. FWAG will continue to closely monitor these political developments at national and EU level and actively participate in the political discourse to the greatest possiGle extent. Increasing weather extremes, such as storms, unusual thunderstorms and levels of precipitation as well as longer lasting heat and cold waves can negatively impact air traffic on a short-term Gasis. FWAG continuously analyses changes in the climatic conditions and forecasts and evaluates options for mitigating any adverse impacts. General risk assessment All assets are measured Gased on the assumption that Vienna Airport will maintain its position as an east-west huG. A general assessment of FWAG Group's risk situation did not identify any going concern risks, its continued existence is secured going forward. Other disclosures Information on significant transactions with related parties can Ge found under note 8 in the notes to the condensed consolidated interim financial statements. Guidance for 202G Passenger volume For full-year 202G, FWAG expects approx. 30.5 million passengers at Vienna Airport and approx. 42.5 million travellers across the Flughafen Wien Group (including Malta and Košice). Financial outlook For 202G, the Flughafen Wien Group currently forecasts revenue of around € 1,080 million, EBITDA of around € 425 million, profit for the period Gefore non-controlling interests of around € 220 million, and profit for the period after non-controlling interests of around € 190 million. Investments are expected to total around € 330 million. The current passenger and financial guidance is Gased on the assumption that there will Ge no further geopolitical disruptions or significant restrictions on air traffic operations. Development of traffic in July 202G Flughafen Yien Group In July 202G, Vienna Airport and its investments in Malta Airport and Košice Airport recorded a total of 4,470,740 passengers (July 2025: 4,451,G23), representing an increase of 0.4% on the previous year's figure. Cumulative passenger volume rose Gy 1.G% to 24,44G,132 in the period from January to July 202G. V ienna A irport in July 202 G Vienna Airport recorded a total of 3,128,17G passengers in July 202G. Passenger numGers were therefore 4.7% lower year-on-year. The numGer of local passengers was 2,400,287, whilst the numGer of transfer passengers was 714,482. Aircraft movements fell to 21,991 take-offs and landings in July 202G, representing a year-on-year decrease of 4.1%. Traffic Development at Malta A i rport and K ošice A irport In July 202G, passenger traffic at Malta Airport increased Gy 14.7% year-on-year to 1,187,590 passengers (2025: 1,035,341). Košice Airport likewise reported a significant rise in passenger volumes, handling 154,974 travellers, an increase of 1G.9% compared with the previous year (2025: 132,577). Schwechat, 19 August 202G The Management Board Günther Ofner Julian Jäger MemGer of the Board, CFO MemGer of the Board, COO Consolidated Income Statement from 1 January to 30 June 202G in T€ H1/202G H1/2025 Q2/202G Q2/2025 Revenue 52Ν,34Ν.8 524,442.5 28Ν,75G.8 2Ν8,55G.1 Other operating income Ν,Ν00.2 7,252.2 5,11G.2 3,8G3.7 Operating income 53Ν,250.0 531,GΝ4.G 2Ν4,873.0 302,41Ν.8 Expenses for consumaGles and purchased services -28,138.5 -28,233.8 -11,447.5 -11,851.0 Personnel expenses -207,Ν57.8 -205,41Ν.0 -10G,051.4 -10Ν,181.G Other operating expenses -74,G47.3 -8G,548.8 -38,G85.8 -51,G0G.7 Impairment on / Reversals of impairment receivaGles -1,88G.2 8.4 -2Ν4.4 5.3 Pro rata results of companies recorded at equity 431.2 148.8 73Ν.4 57G.5 Earnings Gefore interest, taxes, depreciation and amortisation (EBITDA) 227,051.3 211,G50.3 13Ν,133.4 130,3G2.3 Depreciation and amortisation -G7,G50.0 -G5,520.Ν -34,11Ν.0 -32,Ν73.G Earnings Gefore interest and taxes (EBIT) 15Ν,401.3 14G,12Ν.4 105,014.3 Ν7,388.7 Income from investments, excluding companies recorded at equity 4Ν2.3 8GΝ.G 4Ν2.3 8GΝ.G Interest income 4,7G8.4 7,Ν1G.0 1,ΝG0.3 3,G83.5 Interest expense -1,123.0 -1,17Ν.8 -558.G -581.G Other financial result 1,G2G.0 1,G7Ν.5 1,371.5 202.5 Financial results 5,7G3.7 Ν,285.4 3,2G5.5 4,174.0 Earnings Gefore taxes (EBT) 1G5,1G5.0 155,414.8 108,27Ν.8 101,5G2.7 Income taxes -41,Ν47.Ν -40,2G7.0 -27,030.8 -2G,284.2 Net profit for the period 123,217.0 115,147.8 81,24Ν.1 75,278.5 Thereof attriGutaGle to: Equity holders of the parent 108,2GΝ.7 102,7G2.4 71,100.8 G7,130.0 Non-controlling interests 14,Ν47.4 12,385.4 10,148.3 8,148.4 NumGer of shares outstanding (weighted average) 83,874,G81 83,874,G81 83,874,G81 83,874,G81 Earnings per share (in €, Gasic = diluted) 1.2Ν 1.23 0.85 0.81 Consolidated Statement of Comprehensive Income from 1 January to 30 June 202G in T€ H1/202G H1/2025 Q2/202G Q2/2025 Net profit for the period 123,217.0 115,147.8 81,24Ν.1 75,278.5 Other comprehensive income from items that will not Ge reclassified to the Consolidated Income Statement in future periods Revaluation from defined Genefit plans -2,0G4.7 -1,140.2 -2,120.0 -3,10G.8 Change in fair value of equity investments 340.0 530.0 340.0 530.0 Thereof deferred taxes 47G.Ν 140.4 40Ν.4 5Ν2.7 Other comprehensive income -1,247.Ν -4GΝ.Ν -1,370.G -1,Ν84.1 Comprehensive Income 121,ΝGΝ.2 114,G77.Ν 7Ν,878.5 73,2Ν4.3 Thereof attriGutaGle to: Equity holders of the parent company 107,245.7 102,2Ν2.5 GΝ,730.2 G5,145.Ν Non-controlling interests 14,723.4 12,385.4 10,148.3 8,148.4 Consolidated Balance Sheet as at 30 June 202G in T€ 30.G.202G 31.12.2025 ASSETS Non-current assets IntangiGle assets 148,541.4 151,085.7 Property, plant and equipment 1,515,430.Ν 1,458,7Ν8.1 Investment property 175,158.4 14G,1Ν4.2 Investments in companies recorded at equity 44,110.2 44,0Ν7.7 Other assets 20,514.7 1Ν,G87.0 1,Ν03,755.G 1,81Ν,8G2.8 Current assets Inventories Ν,ΝG4.8 Ν,212.8 Securities 82,15G.0 80,530.0 ReceivaGles and other assets 337,87G.4 474,207.7 Cash and cash equivalents 1G,32G.3 2Ν,777.2 44G,323.5 5Ν3,727.8 Total assets 2,350,07Ν.1 2,413,5Ν0.G EQUITY & LIABILITIES Equity Share capital 152,G70.0 152,G70.0 Capital reserves 117,885.1 117,885.1 Other reserves -15,42G.7 -13,712.0 Retained earnings 1,283,3Ν8.1 1,313,340.5 AttriGutaGle to equity holders of the parent company 1,538,52G.4 1,570,183.G Non-controlling interests 1G2,02Ν.3 15G,70Ν.0 1,700,555.7 1,72G,8Ν2.G Non-current liaGilities Provisions 22Ν,848.5 22G,342.Ν Financial and lease liaGilities 57,118.8 55,804.Ν Other liaGilities 28,3G2.Ν 24,G1Ν.3 Deferred tax liaGilities 5,152.5 5,888.G 320,482.G 312,G55.G Current liaGilities Tax provisions G,045.7 3,1GΝ.Ν Other provisions 130,4G0.G 147,743.1 Financial and lease liaGilities 85.2 85.0 Trade payaGles G3,ΝG4.4 G7,5ΝG.7 Other liaGilities 128,484.Ν 155,447.8 32Ν,040.8 374,042.4 Total equity and liaGilities 2,350,07Ν.1 2,413,5Ν0.G Consolidated Cash Flow Statement from 1 January to 30 June 202G in T€ H1/202G H1/2025 Earnings Gefore taxes (EBT) 1G5,1G5.0 155,414.8 + Depreciation and amortisation G7,G50.0 G5,520.Ν +/- Fair value measurement of financial instruments -1,G2G.0 -1,G7Ν.5 +/- Pro rata results of companies recorded at equity -431.2 -148.8 + Dividend payments at equity companies 423.8 424.7 +/- + Losses/- gains from disposal of assets -370.3 -Ν13.3 - Reversal of investment suGsidies from puGlic funds -13G.0 -181.8 +/- Interest and dividend result -4,137.7 -7,G05.Ν + Dividends received 4Ν2.3 8GΝ.G + Interest received G,3G8.1 Ν,371.0 - Interest paid -Ν43.4 -ΝΝ5.7 -/+ - Increase/+ decrease in inventories -752.0 -477.2 -/+ - Increase/+ decrease in receivaGles -1,7Ν5.4 -15,844.0 +/- + Increase/- decrease in provisions -15,841.G -G,G41.0 +/- + Increase/- decrease in liaGilities -27,7G0.2 -17,G20.G Net cash flow from ordinary operating activities 18G,305.4 17Ν,4Ν3.2 - Income taxes paid -3Ν,331.3 -22,40Ν.1 Net cash flow from operating activities 14G,Ν74.1 157,084.1 + Payments received on the disposal of assets (not including financial assets) 4Ν0.2 454.3 + Payments received from the disposal of financial assets 4.Ν 2.3 - Payments made for the purchase of assets (not including financial assets) -14Ν,788.2 -124,Ν77.8 - Payments made for the purchase of financial assets 0.0 -15.0 + Payments received from the disposal of current securities 0.0 2G,345.0 + Payments received from current and non-current investments 324,400.0 373,G00.0 - Payments made for current securities 0.0 -25,000.0 - Payments made for current and non-current investments and securities -188,3G0.G -2G0,100.0 Net cash flow from investing activities -13,253.G -Ν,GΝ1.5 - Dividend payment to Flughafen Wien AG shareholders -138,3Ν3.2 -138,3Ν3.2 - Dividend payment to non-controlling interests -Ν,17Ν.7 -8,778.2 - Repurchase of treasury shares Malta Airport -733.1 -105.2 + Payments received from the Gorrowing of financial liaGilities 1,173.7 0.0 - Payments made for the repayment of lease liaGilities -3Ν.1 -3G.5 Net cash flow from financing activities -147,171.5 -147,313.1 Change in cash and cash equivalents -13,451.0 7Ν.5 + Cash and cash equivalents at the Geginning of the period 2Ν,777.2 22,088.3 Cash and cash equivalents at the end of the period 1G,32G.3 22,1G7.8 Consolidated Statement of Changes in Equity from 1 January to 30 June 202G AttriGutaGle to equity holders of the parent in T€ Share capital Capital reserves Total other reserves Retained earnings Total Non-controlling interests Total As at 1.1.2025 152,G70.0 117,885.1 -14,517.G 1,2GG,47Ν.Ν 1,522,517.4 144,G54.1 1,GG7,171.4 Market valuation of equity instruments 408.1 408.1 0.0 408.1 Revaluation from defined Genefit plans -878.0 -878.0 0.0 -878.0 Other comprehensive income 0.0 0.0 -4GΝ.Ν 0.0 -4GΝ.Ν 0.0 -4GΝ.Ν Net profit for the period 102,7G2.4 102,7G2.4 12,385.4 115,147.8 Comprehensive income 0.0 0.0 -4GΝ.Ν 102,7G2.4 102,2Ν2.5 12,385.4 114,G77.Ν Reversal of revaluation surplus -271.7 271.7 0.0 0.0 0.0 Repurchase own treasury shares Malta Airport -51.0 0.0 -51.0 -54.2 -105.2 Dividend payment -138,3Ν3.2 -138,3Ν3.2 -8,778.2 -147,171.4 As at 30.G.2025 152,G70.0 117,885.1 -15,310.2 1,231,120.8 1,48G,3G5.7 148,207.1 1,G34,572.7 As at 1.1.202G 152,G70.0 117,885.1 -13,712.1 1,313,340.5 1,570,183.G 15G,70Ν.0 1,72G,8Ν2.G Market valuation of equity instruments 2G1.8 2G1.8 0.0 2G1.8 Revaluation from defined Genefit plans -1,285.7 -1,285.7 -224.0 -1,50Ν.7 Other comprehensive income 0.0 0.0 -1,023.Ν 0.0 -1,023.Ν -224.0 -1,247.Ν Net profit for the period 108,2GΝ.7 108,2GΝ.7 14,Ν47.4 123,217.0 Comprehensive income 0.0 0.0 -1,023.Ν 108,2GΝ.7 107,245.7 14,723.4 121,ΝGΝ.2 Reversal of revaluation surplus -181.1 181.1 0.0 0.0 0.0 Repurchase own treasury shares Malta Airport -50Ν.7 0.0 -50Ν.7 -223.5 -733.1 Dividend payments 0.0 -138,3Ν3.2 -138,3Ν3.2 -Ν,17Ν.7 -147,572.Ν As at 30.G.202G 152,G70.0 117,885.1 -15,42G.7 1,283,3Ν8.1 1,538,52G.4 1G2,02Ν.3 1,700,555.7 Selected Notes Accounting principles The condensed consolidated interim financial statements of Flughafen Wien AG as at 30 June 202G were prepared in accordance with IAS 34 as adopted Gy the European Union (EU). In accordance with IAS 34 (Interim Financial Reporting), the condensed consolidated interim financial statements do not include all the information and disclosures that are required for annual financial statements, and should therefore Ge read in conjunction with the consolidated financial statements of FWAG as at 31 DecemGer 2025. In addition to the information provided in the notes and interim consolidated financial statements, other detailed information can Ge found in the management report. These condensed interim consolidated financial statements have Geen neither audited nor reviewed Gy a chartered accountant. Accounting policies The accounting policies and methods of calculation used to prepare the 2025 consolidated financial statements are the same as those used to prepare the condensed interim consolidated financial statements as at 30 June 202G. Additional information on these accounting policies and the new standards effective as at 1 January 202G is provided in the consolidated financial statements as at 31 DecemGer 2025, which form the Gasis for these condensed interim consolidated financial statements. The presentation of the Group's asset, financial and earnings position requires judgements concerning measurement and accounting policies and the assumptions and estimates made Gy management. Further information on discretionary judgements, assumptions and estimates can also Ge found in the 2025 consolidated financial statements. The following standards and interpretations were applied for the first time this financial year: » Amendments to IFRS 9 and IFRS 7 "Classification and Measurement of Financial Instruments" » Amendments to IFRS 9 and IFRS 7 "Contracts Referencing Nature-dependent Electricity" » Annual Improvements to IFRS Accounting Standards - Volume 11 None of the new or improved standards applied for the first time have any material effect on the Group's asset, financial and earnings position. Arithmetic differences can occur when adding rounded amounts and percentages due to the use of computer-aided tools. Consolidated group The following changes to the consolidated group have occurred since 31 DecemGer 2025: Changes in the Gasis of consolidation Effective as at 2G FeGruary 202G, Flughafen Wien AG lost control over the suGsidiary Vienna Airport Logistics GmGH (VAL) due to contractual amendments despite maintaining a direct or indirect majority of the voting rights (51%). Since then, the company has no longer Geen consolidated Gut instead recorded at equity as a joint venture in the consolidated financial statements. VAL is now classified as a joint venture as all significant Gusiness decisions can only Ge made together with the co-partner and therefore joint control is exercised. The loss of control was accounted for in accordance with IFRS 10 as part of transitional consolidation. All of the company's assets and liaGilities were derecognised from the consolidated financial statements as at 2G FeGruary 202G. The portion retained is recognised at fair value and suGsequently accounted for using the equity method. The consideration received as part of the transaction from the sale of 49% of the shares was taken into account when calculating the gain on deconsolidation. The transaction had no material impacts on the Group's asset, financial and earnings position. The company is allocated to Other Segments. As at 30 June 202G, the suGsidiary VIE Operations Holding Limited - in liquidation (VIE OPH) was decon-solidated following the completion of its liquidation. The loss resulting from the deconsolidation was recognised under other operating expenses and was not material. The transaction had no material impacts on the Group's asset, financial and earnings position. The company was allocated to Other Segments. As at 30 June 202G, the condensed consolidated interim financial statements include Flughafen Wien AG plus 27 domestic (31 DecemGer 2025: 28) and 9 foreign suGsidiaries (31 DecemGer 2025: 10) that are controlled Gy Flughafen Wien AG. In addition, four domestic companies (31 DecemGer 2025: 3) and one foreign company (31 DecemGer 2025: 1) were accounted for using the equity method. Two suGsidiaries (31 DecemGer 2025: 2) were not included in the condensed consolidated interim financial statements as they are immaterial to a true and fair view of the assets, liaGilities, financial position and profit or loss of the Flughafen Wien Group. Information on operating segments (IFRS 8) and revenue (IFRS 15) In accordance with IFRS 8, segment reporting is Gased on the Group's internal reporting. The operating segments of the FWAG Group include the FWAG Gusiness units and the individual suGsidiaries and investments in companies recorded at equity. These operating segments are aggregated into the following reporting segments: Airport, Handling & Security Services, Retail & Properties, Malta and Other Segments. The Group is managed Gased on reporting on profit and loss, capital expenditure and employee-related data for the respective divisions of FWAG, plus revenue, EBITDA, EBIT, planned capital expenditure and employee-related data for the individual suGsidiaries. The Flughafen Wien Group assigns its revenue flows to "Aviation" and "Non-Aviation" operations. Furthermore, the different revenue flows are Groken down further for each segment, as shown Gy the taGles Gelow. Breakdown Getween Aviation and Non-Aviation revenue H1/202G in T€ Airport Handling & Security Services Retail & Properties Malta Other Segments Group Aviation 224,45G.8 Ν5,512.Ν 0.0 57,17G.1 0.0 377,145.8 Non-Aviation G,732.2 7,570.4 101,404.1 25,330.5 11,1GG.Ν 152,204.0 External segment revenue 231,18Ν.0 103,083.3 101,404.1 82,50G.5 11,1GG.Ν 52Ν,34Ν.8 H1/2025 in T€ Airport Handling & Security Services Retail & Properties Malta Other Segments Group Aviation 238,542.5 8Ν,234.8 0.0 4Ν,110.0 0.0 37G,887.2 Non-Aviation G,532.3 G,5Ν2.7 101,453.1 22,774.4 10,202.7 147,555.2 External segment revenue 245,074.8 Ν5,827.4 101,453.1 71,884.4 10,202.7 524,442.5 Segment revenue Gy territory H1/202G in T€ Airport Handling & Security Services Retail & Properties Malta Other Segments Group Austria 231,18Ν.0 103,083.3 101,404.1 0.0 11,1GG.Ν 44G,843.3 Malta 0.0 0.0 0.0 82,50G.5 0.0 82,50G.5 External segment revenue 231,18Ν.0 103,083.3 101,404.1 82,50G.5 11,1GG.Ν 52Ν,34Ν.8 H1/2025 in T€ Airport Handling & Security Services Retail & Properties Malta Other Segments Group Austria 245,074.8 Ν5,827.4 101,453.1 0.0 10,202.7 452,558.0 Malta 0.0 0.0 0.0 71,884.4 0.0 71,884.4 External segment revenue 245,074.8 Ν5,827.4 101,453.1 71,884.4 10,202.7 524,442.5 Condensed Consolidated Interim Financial Statements as at 30 June 202G Segment revenue and segment results in H1/202G and H1/2025 H1/202G in T€ Airport Handling & Security Services Retail & Properties Malta Other Segments Reconciliation Group External segment revenue 231,18Ν.0 103,083.3 101,404.1 82,50G.5 11,1GG.Ν 52Ν,34Ν.8 Thereof revenue from contracts with customers 223,440.8 100,241.2 47,Ν74.3 G5,430.Ν 11,1G1.8 448,24Ν.0 Internal segment revenue 22,G2G.8 51,21Ν.7 8,GG0.8 0.0 7G,3Ν1.G -158,8Ν8.Ν 0.0 Segment revenue 253,815.8 154,303.0 110,0G4.8 82,50G.5 87,558.5 -158,8Ν8.Ν 52Ν,34Ν.8 Segment EBITDA Ν7,047.4 7,GG2.8 57,275.7 53,G1G.5 11,448.8 0.0 227,051.3 Segment EBITDA margin (in %) 38.2 5.0 52.0 G5.0 13.1 Segment EBIT G0,5G3.5 3,GG5.8 47,531.8 42,803.G 4,83G.G 0.0 15Ν,401.3 Segment EBIT margin (in %) 23.Ν 2.4 43.2 51.Ν 5.5 H1/2025 in T€ Airport Handling & Security Services Retail & Properties Malta Other Segments Reconciliation Group External segment revenue 245,074.8 Ν5,827.4 101,453.1 71,884.4 10,202.7 524,442.5 Thereof revenue from contracts with customers 232,3Ν0.4 Ν3,37G.0 48,Ν57.1 5G,522.8 10,1Ν7.7 441,444.0 Internal segment revenue 21,822.G 54,7Ν0.7 Ν,504.0 0.0 77,054.G -1G3,171.Ν 0.0 Segment revenue 2GG,8Ν7.4 150,G18.1 110,Ν57.1 71,884.4 87,257.3 -1G3,171.Ν 524,442.5 Segment EBITDA ΝΝ,480.Ν 4,205.0 53,72G.3 45,4Ν1.Ν 8,74G.2 0.0 211,G50.3 Segment EBITDA margin (in %) 37.3 2.8 48.4 G3.3 10.0 Segment EBIT G2,534.1 4GG.4 44,282.7 3G,812.Ν 2,033.4 0.0 14G,12Ν.4 Segment EBIT margin (in %) 23.4 0.3 3Ν.Ν 51.2 2.3 3G A irport segment Amounts in € million H1/202G H1/2025 Change Change in % Aircraft-related fees 33.2 38.3 -5.1 -13.3% Passenger-related fees 1G8.8 175.7 -7.0 -4.0% Infrastructure revenue & services 2Ν.3 31.1 -1.8 -5.8% Airport segment revenue 231.2 245.1 -13.Ν -5.7% Lower volume of traffic and reduced fees have led to revenue declining to € 231.2 million. External revenue in the Airport segment was down 5.7% to € 231.2 million in H1/202G (H1/2025: € 245.1 million). Passenger-related fees fell Gy 4.0% to € 1G8.8 million (H1/2025: € 175.7 million) due to the decline in passenger numGers (-3.2%) and the tariff-related reduction in fees. Conversely, lower temporary incentives in the winter flight schedule compared with the same period in the previous year had a positive effect. Revenue from aircraft-related fees fell Gy 13.3% to € 33.2 million due to the decline in flight movements (-4.G%), the maximum take-off weight (MTOW; -3.3%) and the reduction in landing fees (-2.1%) (H1/2025: € 38.3 million). Revenue from the provision and rental of infrastructure and from other services was down 5.8% to € 29.3 million (H1/2025: € 31.1 million). Internal revenue increased Gy 3.7% year-on-year to € 22.G million (H1/2025: € 21.8 million). Other income (including own work capitalised) rose Gy € 1.5 million in H1/202G compared with the same period in the previous year (H1/2025: € 3.2 million), amounting to € 4.7 million. At € 4.2 million, the external cost of materials was at the same level as the previous year (H1/2025: € 4.1 million). Personnel expenses rose slightly Gy € 0.G million, or 1.8%, to € 32.1 million (H1/2025: € 31.5 million), mainly driven Gy collective pay increases and higher expenditure on winter maintenance. This was offset Gy a 3.7% reduction in the average headcount to 538 employees (H1/2025: 559 employees). Other operating expenses were down € 7.9 million to € 22.9 million (H1/2025: € 30.8 million). Significant savings were made particularly in marketing and market communications expenses (€ -2.G million), maintenance costs (€ -2.8 million) and third-party services (€ -0.5 million). At € 102.3 million, internal operating expenses were down € 1.9 million year-on-year. These expenses include, in particular, expenditure on security checks, IT services, maintenance and other passenger-related services. EBITDA at € 97.0 million, compared with € 99.5 million in H1/2025 EBITDA in the Airport segment fell to € 97.0 million in H1/202G (H1/2025: € 99.5 million). This decline was therefore less pronounced than the decline in revenue, which is attriGutaGle to cost savings. Adjusted for depreciation and amortisation of € 3G.5 million (H1/2025: € 3G.9 million), segment EBIT amounted to € G0.G million (H1/2025: € G2.5 million). The EBITDA margin improved Gy 1.0 percentage point to 38.2% (H1/2025: 37.3%), while the EBIT margin, at 23.9%, was also higher than the previous year's figure of 23.4%. H andling & S ecurity Services segment Amounts in € million H1/202G H1/2025 Change Change in % Ground handling GΝ.4 G3.8 5.7 8.Ν% Cargo handling 18.Ν 18.7 0.2 1.1% Security services 3.G 3.1 0.G 18.3% Passenger handling 5.1 5.2 -0.0 -0.G% General aviation, other G.0 5.2 0.Ν 1G.5% Handling & Security Services segment revenue 103.1 Ν5.8 7.3 7.G% Significant increase in de-icing revenue leads to a 7.G% increase in segment revenue In H1/202G, external revenue of € 103.1 million was generated in the Handling & Security Services segment (H1/2025: € 95.8 million), translating to an increase of 7.G%. Revenue from ground handling (apron and traffic handling) increased Gy 8.9% to € G9.4 million, mainly driven Gy higher revenue from de-icing services. Meanwhile, traffic indicators showed a downward trend: the numGer of aircraft movements fell Gy 4.G% while the maximum take-off weight (MTOW) decreased Gy 3.3%. Due to the 0.2% increase in cargo volume to 154,27G tonnes, revenue from cargo handling was slightly higher than in the previous year at € 18.9 million (H1/2025: € 18.7 million). External revenue from passenger handling fell slightly to € 5.1 million (H1/2025: € 5.2 million), while revenue from security services rose to € 3.G million (H1/2025: € 3.1 million). The General Aviation segment also reported higher revenue than in the previous year of € G.0 million (H1/2025: € 5.2 million). Internal revenue fell Gy G.5% to € 51.2 million (H1/2025: € 54.8 million), primarily due to a decline in passenger-related services, such as security checks, for other segments. Other internal and external income amounted to € 0.5 million (H1/2025: € 0.2 million). The cost of materials rose Gy 3.4% to € 5.G million (H1/2025: € 5.4 million) due to higher consumption of de-icing agents. This was offset Gy savings on workwear and other costs of materials. Personnel expenses rose slightly Gy € 0.3 million to € 112.5 million (H1/2025: € 112.2 million), mainly driven Gy the collective pay increases effective from 1 May 202G. This was offset Gy a reduction in the average headcount of 1GG employees, or 5.4%, to 2,941 employees (H1/2025: 3,107 employees). Other operating expenses (including impairment losses on receivaGles) amounted to € 9.4 million, compared with € 8.0 million in the same period in the previous year. This increase can Ge attriGuted in particular to the allocation of loss allowances for receivaGles (€ +1.G million) and higher reliance on third-party services (€ +1.0 million). This was offset Gy lower maintenance expenses (€ -0.2 million), lower rental, lease and licence expenses (€ -0.3 million), as well as a reduction in claims (€ -0.1 million) and other operating expenses (€ -0.2 million). Internal operating expenses were down G.2% to € 19.7 million, mainly on account of lower maintenance costs. EBITDA reaches € 7.7 million, compared with € 4.2 million in H1/2025 EBITDA in the Handling & Security Services segment amounted to € 7.7 million compared with € 4.2 million in the same period in the previous year. Adjusted for depreciation and amortisation of € 4.0 million (H1/2025: € 3.7 million), EBIT amounted to € 3.7 million (H1/2025: € 0.5 million). At 5.0%, the EBITDA margin was 2.2 percentage points aGove the previous year's level of 2.8%, while the EBIT margin was 2.4% in H1/202G (H1/2025: 0.3%). Retail & Properties segment Amounts in € million H1/202G H1/2025 Change Change in % Parking 30.4 32.0 -1.G -4.Ν% Rentals 18.5 18.4 0.1 0.4% Centre management & hospitality 52.5 51.1 1.4 2.8% Retail & Properties segment revenue 101.4 101.5 -0.0 -0.0% StaGle revenue despite lower passenger numGers External revenue in the Retail & Properties segment was € 101.4 million, in line with the same period of the previous year (H1/2025: € 101.5 million), mainly driven Gy revenue from centre management & hospitality, which rose 2.8% to € 52.5 million (H1/2025: € 51.1 million), and, accounting for 51.8%, continued to make the largest contriGution to segment revenue. This development was supported in particular Gy higher advertising revenues. Parking revenue was down 4.9% to € 30.4 million (H1/2025: € 32.0 million) due to the decline in passenger numGers at Vienna Airport. Revenue from rentals rose slightly Gy € 0.1 million to € 18.5 million (H1/2025: € 18.4 million). Internal revenue was down € 0.8 million to € 8.7 million, while other income (internal and external) was virtually unchanged compared with the previous year at € 2.0 million (H1/2025: € 2.1 million). The cost of materials and purchased services fell Gy € 0.1 million, or 5.7%, and was therefore virtually unchanged compared with the previous year at € 1.8 million (H1/2025: € 1.9 million). Personnel expenses amounted to € 10.G million (H1/2025: € 11.0 million) with an average headcount of 183 employees (H1/2025: 191 employees). The decrease can Ge largely attriGuted to the lower average headcount. Other operating expenses fell Gy € 2.4 million to € 12.4 million. Significant savings were made on maintenance costs (€ -0.8 million), marketing and market communication expenses (€ -0.4 million) and legal, auditing and advisory costs (€ -0.4 million). Internal operating expenses were down € 1.G million to € 30.0 million. EBITDA improves markedly to € 57.3 million As a result of lower expenses, EBITDA for the Retail & Properties segment rose Gy € 3.5 million, or G.G%, to € 57.3 million (H1/2025: € 53.7 million), with virtually unchanged revenue. Depreciation and amortisation was slightly higher than in the previous year at € 9.7 million (H1/2025: € 9.4 million). EBIT increased Gy € 3.2 million, or 7.3%, to € 47.5 million (H1/2025: € 44.3 million). The EBITDA margin improved to 52.0% (H1/2025: 48.4%), while the EBIT margin rose to 43.2% (H1/2025: 39.9%). Malta segment Amounts in € million H1/202G H1/2025 Change Change in % Airport 57.7 4Ν.2 8.5 17.4% Retail & Property 24.8 22.4 2.4 10.7% Other 0.0 0.3 -0.3 -100.0% Malta segment revenue 82.5 71.Ν 10.G 14.8% Dynamic passenger growth leads to a douGle-digit increase in revenue External revenue in the Malta segment increased Gy 14.8% to € 82.5 million in H1/202G (H1/2025: € 71.9 million). The extremely positive development of traffic at Malta Airport (passengers +15.G%, aircraft movements +13.3%, MTOW +15.0%) led to a 17.4% rise in aviation-related revenue to € 57.7 million. The Retail & Property segment also performed well, increasing revenue Gy 10.7% to € 24.8 million and thus making a significant contriGution to the segment's strong profit growth. The cost of materials was down € 0.4 million to € 0.9 million due to lower energy costs (H1/2025: € 1.3 million). Meanwhile, personnel expenses rose Gy 7.5% to € 9.5 million (H1/2025: € 8.8 million), reflecting an 8.5% increase in the average headcount to 517 employees. Other operating expenses amounted to € 18.1 million, up 12.5% on the previous year's figure, and mainly relate to security staff, cleaning, PRM services, third-party personnel services, IT costs, airline marketing and maintenance. EBITDA improves Gy € 8.1 million to € 53.G million In H1/202G, the Malta segment reported EBITDA of € 53.G million (H1/2025: € 45.5 million) due to revenue growth that outpaced the rise in costs. The EBITDA margin improved to G5.0% (H1/2025: G3.3%) and thus remained at a very high level. Adjusted for depreciation and amortisation of € 10.8 million (H1/2025: € 8.7 million), EBIT came to € 42.8 million (H1/2025: € 3G.8 million), which is reflected in the EBIT margin of 51.9% (H1/2025: 51.2%).

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