Beijing Capital International Airport Company (694) investor relations material

Executive summary

• Aircraft movements rose 2.0% year-over-year to 442,046 sorties, with passenger throughput up 5.0% to 70.7 million and cargo/mail throughput up 7.5% to 1.55 million tonnes.

• Revenue increased 2.5% year-over-year to RMB5.63 billion, with aeronautical revenue up 3.8% and non-aeronautical revenue up 1.3%.

• Net loss narrowed by 54.7% to RMB630 million, with loss per share at RMB0.14.

• No final dividend was recommended for 2025.

Financial highlights

• Aeronautical revenue: RMB2.77 billion (+3.8% YoY); non-aeronautical revenue: RMB2.86 billion (+1.3% YoY).

• Operating expenses decreased 1.2% to RMB5.78 billion, with notable cost reductions in repairs, security, and contracted services.

• Net finance costs fell to RMB264 million due to lower average financing costs.

• Cash and cash equivalents increased to RMB1.85 billion from RMB1.43 billion year-over-year.

• Current ratio at 0.22; gearing ratio at 57.16%.

Outlook and guidance

• 2026 expected to benefit from increased slot capacity, new routes, and infrastructure upgrades.

• Aircraft movements and passenger throughput in the first two months of 2026 grew 2.4% and 8.6% year-over-year, respectively.

• Focus on cost reduction, revenue enhancement, and operational efficiency to drive turnaround to profitability.