PRESS RELEASE TOSCANA AEROPORTI: KEY PRELIMINARY CONSOLIDATED RESULTS AS OF MARCH 31, 2026
Florence, May 11, 2026 - Toscana Aeroporti S.p.A. ("the Company", "Toscana Aeroporti"), a company listed on Euronext Milan of Borsa Italiana S.p.A. that manages the airports of Florence and Pisa, in view of the expected publication on May 13, 2026 of the consolidated results for the first quarter of 2026 by its indirect parent company Corporación América Airports S.A. (NYSE: CAAP), announces the Group's key preliminary consolidated results as of March 31, 2026. These results will be included in the Interim Management Report as of March 31, 2026, subject to approval by the Board of Directors of Toscana Aeroporti S.p.A., which is scheduled to meet on May 14, 2026.
Traffic data for the first quarter of 2026, already released to the market on April 3, 2026, confirm the growth of Tuscany's airport system, with a total of more than 1.7 million passengers, up 7.1% compared with the first quarter of 2025.
The Group's total consolidated revenue amounted to €27.8 million, up 8.1% from €25.7 million in the first quarter of 2025, supported by higher traffic volumes and progress on the investment plan, particularly the expansion works for the new arrivals terminal at Pisa airport. Consolidated EBITDA amounted to €3.9 million (€4.3 million in the first quarter of 2025), while the Group reported a net loss of €1.6 million (compared with a loss of €0.8 million in the first quarter of 2025). This performance reflects the seasonal nature of the airport sector, in which the first quarter is structurally characterized by lower margins than subsequent quarters, as well as the acceleration phase of the investment plan, as already outlined when the 2025 Annual Financial Statements were approved.
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With reference to the information set out above, which has not been audited by the independent auditors of the Toscana Aeroporti Group, please note that the year-end closing process is still ongoing and, therefore, such information should not be regarded as final and may be subject to change.
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The Director responsible for preparing the company's financial statements, Marco Gialletti, hereby declares, pursuant to paragraph 2 of Article 154-bis of the Consolidated Law on Finance, that the financial information contained in this press release is consistent with the supporting documentation, books and accounting records.
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This press release is also available on the Company's website (https://www.toscana-aeroporti.com) in the 'Investors / Financial press releases' section.
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Toscana Aeroporti S.p.A. is the company that manages the airports of Florence and Pisa. It was established on June 1, 2015 through the merger of AdF - Aeroporto di Firenze S.p.A. (manager of Florence Airport "Amerigo Vespucci") and SAT - Società Aeroporto Toscano S.p.A. (manager of Pisa Airport "Galileo Galilei"). Toscana Aeroporti S.p.A. operates in a dual airport system with distinct traffic characteristics: Florence Airport mainly serves business and leisure traffic through full-service carriers, with connections to major European hubs; Pisa Airport focuses primarily on tourism traffic, served by low-cost carriers and cargo flights, while also paying particular attention to intercontinental connections. The Tuscan airport system is one of the most important in Italy and acts as a driver of local economic development in one of the world's best-known and most beloved regions. Contacts: Toscana Aeroporti S.p.A.***
Contacts:Toscana Aeroporti S.p.A. IR@toscana-aeroporti.com