EarningsQ4 2026 Earnings Report
ACKDF Q4 2026 EPS Results
Actual EPS$0.05
Consensus EPS$0.05
Beat/MissMissed by -<$0.01
One Year Ago EPS$0.06
ACKDF Q4 2026 Revenue Results
Actual Revenue$300.82M
Expected Revenue$304.76M
Beat/MissMissed by -$3.94M
YoY Revenue Growth+3.21%
Earnings Announcement Details
QuarterQ4 2026
Date08/19/2026
TimeAfter Close
Conference CallWednesday, August 19, 2026
ACKDF Upcoming Earnings
Auckland International Airport 's next earnings date is estimated for February 24, 2027, based on past reporting schedules.
Q4 2026 Earnings Call Audio
ACKDF Q4 2026 Earnings Call
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Q4 2026 Earnings Slide Deck
Q4 2026 Earnings Call Summary
Earnings Call Sentiment|Positive
The call presents a resilient operational and financial performance overall: top-line revenue and EBITDA growth, strong passenger demand resilience, significant delivery of major capital projects and improved customer processing times and satisfaction. Balance sheet and credit metrics are robust, and meaningful sustainability progress was reported. Offsetting these positives are second-half headwinds from geopolitical and fuel volatility, a retail revenue hit due to a large duty-free redevelopment, weaker regional demand, rising depreciation from commissioned assets, and regulatory uncertainty that could affect future pricing and returns. Management has provided cautious FY27 guidance reflecting these uncertainties but continues to invest heavily in long‑term infrastructure.Company Guidance
Passenger Recovery and Volume Growth
Total passenger movements up almost 2% year-on-year to just over 19 million; cargo movements up 3%. Inbound tourism recovered to ~99% of pre-pandemic levels (up 7 percentage points). Trans-Tasman capacity +4% and Chinese visitation rebounded +11% YoY. Average load factors remained strong in the mid-80s (international) and ~85% (domestic).
Revenue and EBITDA Momentum
Total revenue $1,036 million, up 3% YoY. Operating EBITDAFI $724 million, up 3% YoY (normalized EBITDAFI +6%). Underlying profit after tax $309 million, essentially flat (down ~0.5%) versus prior year despite a challenging second half.
Major Capital Delivery and Asset Commissioning
Invested $1,068 million of capital in FY26 and commissioned just over $1 billion of assets (third consecutive year >$1bn CapEx). Terminal integration spend ~$700 million in the year. Estimated closing regulatory asset base ~ $3.0 billion.
Improved Operational Performance and Customer Experience
International departure median processing times improved 15.6% YoY (27% improvement FY23–FY26). International arrivals median time improved 2% YoY (47% FY23–FY26). Customer satisfaction reached 83.5% for the year.
Commercial Income Strength — Parking and Property
Commercial income up 2% to $442 million. Car parking revenue standout: +9% to $79.2 million. Investment property rental income +5% to $182 million, supported by completed developments and leasing momentum at Manawa Bay.
Strong Balance Sheet and Credit Metrics
FFO to net debt 16.9% at 30 June (comfortably above the A- hurdle of 11%). Gearing 19.7% (well below 60% test). Interest cover 10.12x (vs 3x test). Committed undrawn bank facilities increased to approx. $1.5 billion and >80% of borrowings are fixed; weighted average interest cost ~5.15%.
Sustainability and Community Progress
Scope 1 and 2 emissions reduced by 75% vs 2019 baseline. Major AC upgrades expected to reduce natural gas use by ~40%. On-precinct solar generated ~12% of electricity needs. Ara Jobs and Skills Hub marked 10 years supporting >1,400 into employment and >1,700 youth into training.
ACKDF Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed