SPAIN/INTERNATIONAL. Airport company Aena has reported a strong performance for the first nine months of 2025, with commercial revenues rising +10.8% year-on-year to €1,466.1 million.
Gross sales from commercial activities including retail and food & beverage were up +8.7%, while total business revenue – the sum of fixed and variable rents invoiced and Minimum Annual Guaranteed Rents (MAGs) to be invoiced – rose +13% over the same period in 2024.
The figures outstripped a +3.9% increase in passenger traffic at Spanish airports to 247.1 million in the period. Aena Group passenger traffic (including Spain, London-Luton and Aena Brasil airports) grew to 294.1 million, up by +4.1% against the first nine months of 2024.
Aena’s total consolidated revenue reached €4,785.2 million, a +8.8% increase, while aeronautical revenue grew +5.5% to €2,556.2 million.
Group EBITDA increased +8.2% to €2,882.7 million, giving a margin of 60.2%. Net profit reached €1,579.4 million, up +8.9% on a year earlier.
Within commercial, speciality shops (+7.9%) and food & beverage (+6.8% year-on-year) were the best performers by revenue in the key channels, with duty free climbing +1.9%.
As reported, on 9 September Aena issued its eagerly anticipated tender for food & beverage outlets at Josep Tarradellas Barcelona-El Prat Airport, across space of around 20,188sq m in terminals 1 and 2.
The company highlighted the tender’s importance in its results announcement, noting that this represents around 20% of all Aena revenue from F&B, and 98% of the business in Barcelona. Contract awards are expected in February 2026. ✈
