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Investing.com -- Athens International Airport reported third-quarter 2025 revenue of €219 million and EBITDA of €157 million, broadly in line with expectations.
The results showed lower air activities revenue was partially offset by lower-than-expected operating expenses. Air activities revenue reached €167 million while non-air activities totaled €52 million.
The company cited adjustments to airport charges as driving air activities revenue growth lower compared to traffic growth of approximately 5.4% in the third quarter. Meanwhile, "healthy retail performance" helped offset disruptions from multi-storey car park construction in the non-air segment.
Core operating expenses excluding the grant of rights fee variable component amounted to €49 million, driven by increases in wages, electricity costs, and additional resources needed to handle traffic and capital expenditure requirements.
Net income for the first nine months of 2025 reached €186 million, putting the company on track to achieve its guidance of approximately €200 million for the full year.
The airport operator also announced a leadership change, with current CEO Mr. Paraschis stepping down on January 31, 2026. Mr. Kallimasias, the current Chief Strategy Officer who has held various roles at the company over the past 26 years, will become the new CEO.
While Mr. Paraschis’s departure was not previously expected, the appointment of Mr. Kallimasias is seen as reassuring given his long tenure at the company and experience leading the company’s 20-year concession extension and listing on Athens Exchange.
The company maintained its guidance unchanged, with the airport expansion program remaining on track. The tender for the main terminal expansion is due to be launched in early 2026.
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