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Auckland International Airport Limited

AIA.AXIndustrialsASX

Airports & Air Services · Last scanned May 29, 2026

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Financials · Annual
Revenue
$929.3M
+11.1% YoY
Net Income
$420.7M
+7549.1% YoY
EBITDA
$827.2M
+41.6% YoY
Free Cash Flow
-$538.8M

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About Auckland International Airport Limited

Part of the industrials sector, Auckland International Airport Limited (AIA.AX) is listed under Airports & Air Services. With a market capitalization of $11.74B, it sits in large-cap territory. The company operates through three segments: Aeronautical, Retail and Carparking, and Property.

Key stats
Market Cap$11.74B
P/E (TTM)34.63
Fwd P/E44.87
EPS$0.20
Beta0.49
52W Change-3.1%
Dividend Yield1.71%
ROE4.0%
Analysis

On the balance sheet, AIA.AX has $360.6M in cash with $2.65B in obligations. The ability to service this debt comfortably depends on continued operational cash generation. The company is burning cash, with free cash flow at -$538.8M. This typically occurs when a company is investing aggressively in growth, but sustained cash burn can strain the balance sheet. Return on equity stands at 4.0%, which is modest for the sector. ROE measures how effectively a company uses shareholder capital to generate profits. ROA of 2.1% is on the lower side, which is common in asset-heavy industries. Revenue has grown from $281.9M (2022) to $929.3M (2025), reflecting a 230% increase over the period.

AIA.AX's low beta indicates it tends to be less volatile than the broader market, which may suit investors seeking more stable price behavior. Auckland International Airport Limited carries a heavier debt load relative to its cash position, which introduces financial risk that investors should weigh. The company is burning cash at the operating level, which is not unusual for growth-phase companies but adds risk if it persists. These risk factors are not exhaustive — macroeconomic shifts, regulatory changes, and competitive dynamics can all influence Auckland International Airport Limited's trajectory.

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