Fraport AG has reported a stronger business performance in the second quarter of 2025, driven by passenger growth across its global network of airports. Over the first half of the year, approximately 77 million passengers used Fraport’s Group airports, representing a 3.8% increase compared with the same period in 2024. This growth in traffic contributed to a 7.3% rise in adjusted revenue, reaching €1.9 billion after excluding revenues linked to construction and expansion under IFRIC 12.
The Group’s operating result (EBITDA) for the first six months was €561.2 million, a marginal decline of 1.0%. Net profit fell more sharply, down 38.7% to €98.6 million, mainly due to one-off effects in the prior-year period, adverse currency movements, and the recognition of deferred taxes. Earnings per share for the period decreased to €1.03, compared with €1.63 in the first half of 2024.
However, second-quarter performance showed marked improvement. From April to June, EBITDA rose by 8.2% to €383.7 million, supported by higher passenger volumes and improved cash flow. Free cash flow, which stood at -€324.8 million for the first half of the year, turned positive in the second quarter at €28.5 million, a significant rebound from Q2 2024’s -€226.9 million. This improvement was partly attributed to the completion of major investment projects at Fraport’s airports in Lima and Antalya, which are now beginning to deliver benefits.
Passenger growth was broadly positive across the Group’s airports. Frankfurt Airport, the company’s largest hub, welcomed 29.1 million passengers in the first half of 2025, up 1.4% year-on-year. A 3.1% rise in passenger numbers during the second quarter helped offset the 0.9% decline recorded in the first three months of the year, underlining the recovery momentum at Germany’s busiest airport.
