Airports of Thailand (AOT) Q2 2026 earnings summary

Executive summary

• Passenger and aircraft movements increased in 6M FY2026, with total passenger traffic up 4.19% and aircraft movements up 2.95% year-over-year.

• Interim financial statements for the three- and six-month periods ended 31 March 2026 were reviewed with no material misstatements found.

• Revenue from sales or services for 6M FY2026 was THB 35,295.06 million, with total expenses rising by 3.20% to THB 19,801.17 million.

• Net profit for 6M FY2026 was THB 10,647 million, nearly flat compared to the same period last year.

• The Board approved amendments to duty-free concession agreements at five airports, ensuring continuity and revised revenue terms.

Financial highlights

• Total revenue for 6M FY2026 was THB 36,107.21 million, down 0.35% year-over-year.

• EBITDA for 6M FY2026 was THB 19,622.47 million, down 4.76% year-over-year.

• EBIT for 6M FY2026 was THB 13,834.01 million, down 5.46% year-over-year.

• Basic earnings per share for the six months was THB 0.73.

• Total assets as of 31 March 2026 were THB 201,779 million; total equity was THB 131,882 million.

Outlook and guidance

• Ongoing airport expansion projects at Suvarnabhumi and Don Mueang are expected to increase capacity by 2031 and 2034, respectively.

• Passenger Service Charge for outbound international passengers will increase to THB 1,120 from 20 June 2026, supporting revenue growth.

• Continued focus on infrastructure investment and operational efficiency to support future growth.

• Minimum Guarantee and revenue-sharing terms for major concessionaires have been revised to align with current business conditions.