Airports Company South Africa posts record net profit of US$59M for 2024/25

SOUTH AFRICA – Airports Company South Africa (ACSA) has posted a record net profit of ZAR 1.1 billion (approximately US$59 million) for the year ended 31 March 2025, more than doubling the ZAR 472 million recorded in the 2023/24 financial year.

This remarkable growth underscores strong operational recovery and financial discipline across ACSA’s airport network.

Total revenue for the period increased 13% to ZAR 7.9 billion (US$426 million), supported by robust performances in both aeronautical and non-aeronautical revenue streams.

Non-aeronautical revenue now makes up 49% of the total, reflecting ACSA’s effective diversification beyond traditional airport fees.

Earnings before interest, tax, depreciation, and amortisation (EBITDA) rose to ZAR 2.9 billion (US$156 million), achieving a 37% margin.

This margin expansion highlights both strong top-line growth and efficient cost management during the year.

Capital expenditure reached ZAR 861 million (US$46 million), signalling ACSA’s ongoing commitment to upgrading and expanding infrastructure across its portfolio.

These investments aim to enhance airport capacity, passenger experience, and safety standards.

The company’s total assets stood at ZAR 32 billion (US$1.73 billion), showcasing a solid asset base.

ACSA maintained a net debt-to-capitalisation ratio of 8%, reflecting prudent financial leverage and sustainable debt levels.

Liquidity remained strong, with ZAR 3.4 billion (US$184 million) available to fund ongoing operations and future development projects.

This robust liquidity position ensures ACSA’s ability to meet investment needs and manage short-term obligations.

In light of these results, ACSA announced plans to distribute ZAR 198 million (US$10.7 million) in preference share dividends and declared ZAR 113 million (US$6.1 million) in ordinary share dividends for 2024/25.

These dividend payouts represent a notable improvement over the prior year.

ACSA’s financial performance reflects resilience amid a recovering global and local aviation environment, supported by diversified revenue streams and strong operational management.

The balance between aeronautical and non-aeronautical income strengthens ACSA’s business model, reducing reliance on passenger volumes alone to sustain profitability.

Looking forward, the company plans to continue investing in cutting-edge infrastructure and enhancing service excellence to meet growing passenger demands and maximize growth opportunities.

This record profit year reinforces ACSA’s pivotal role in supporting South Africa’s connectivity, economic development, and aviation sector resurgence.

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