AIA - FY25 Interim Results

•
•
•
•
•
•
•

•
•
•
•

---

Interim Financial
Statements 2025

Contents
Financial Statements02
Notes and accounting policies07
Shareholder information22
Corporate directory23
01
Interim Financial Statements 202501

Consolidated interim income statement
FOR THE SIX MONTHS ENDED 31 DECEMBER 2024
UnauditedUnaudited
6 months to
31 Dec 2024
6 months to
31 Dec 2023
Notes
$M$M
Income
Airfield income84.575.3
Passenger services charge139.7119.5
Retail income94.190.3
Rental income98.687.4
Rates recoveries7.66.5
Car park income35.933.8
Interest income15.72.5
Flood-related insurance recoveries34.010.0
Other income19.815.2
Total income499.9440.5
Expenses
Staff542.936.9
Asset management, maintenance and airport operations65.351.9
Rates and insurance20.617.5
Marketing and promotions5.44.0
Professional services and levies4.14.0
Flood-related expense31.58.6
Other expenses10.67.0
Expected credit losses(0.1)0.4
Total expenses
150.3130.3
Earnings before interest expense, taxation, depreciation,
fair value adjustments and investments in associate and
joint ventures (EBITDAFI)
1
349.6310.2
Investment property fair value change1050.5(27.1)
Derivative fair value change(0.5)(0.3)
Share of profit of associate and joint ventures73.54.7
Earnings before interest, taxation and depreciation (EBITDA)
1
403.1287.5
Depreciation99.284.3
Earnings before interest and taxation (EBIT)
1
303.9203.2
Interest expense and other finance costs543.933.1
Profit before taxation4260.0170.1
Taxation expense72.751.4
Profit after taxation, attributable to the owners of the parent187.3118.7
Earnings per shareCentsCents
Basic earnings per share
2
1212.057.98
Diluted earnings per share
2
1212.047.98
1EBITDAFI, EBITDA and EBIT are non-GAAP measures. Refer to the 2024 Annual
Report, note 3(d).
2The company has restated the prior year basic and diluted earnings per share to reflect the dilution that arose as a result of the new shares issued from the
capital raise. Refer to note 12 of the financial statements.
The financial statements for the six-months ended have not been audited. They have been the subject of a review by the auditors pursuant to New Zealand
Standard for Review Engagements 2410 (Revised) for the six-months ended 31 December 2024 and 31 December 2023. The full-year financial statements for the
year ended 30 June 2024 have been audited.
The accompanying notes form part of these interim financial statements.
02Interim Financial Statements 2025

Consolidated interim statement of comprehensive income
FOR THE SIX MONTHS ENDED 31 DECEMBER 2024
UnauditedUnaudited
6 months to
31 Dec 2024
6 months to
31 Dec 2023
$M$M
Profit for the period187.3118.7
Other comprehensive income
Items that will not be reclassified to the income statement:
Flood-related fixed asset impairment reversals3-10.8
Tax on the property, plant and equipment revaluation reserve-(3.0)
Items that will not be reclassified to the income statement-7.8
Items that may be reclassified subsequently to the income statement:
Cash flow hedges:
Fair value (losses)/gains recognised in the cash flow hedge reserve(41.2)(28.7)
Realised losses/(gains) transferred to the income statement(3.1)(3.0)
Tax effect of movements in the cash flow hedge reserve12.48.9
Total cash flow hedge movement(31.9)(22.8)
Movement in cost of hedging reserve1.8(0.9)
Tax effect of movement in cost of hedging reserve(0.5)0.2
Items that may be reclassified subsequently to the income statement(30.6)(23.5)
Total other comprehensive income/(loss)(30.6)(15.7)
Total comprehensive income for the period, net of tax, attributable to
the owners of the parent
156.7103.0
These interim financial statements were approved and adopted by the Board on 19 February 2025.
Signed on behalf of the Board by
Julia Hoare
Director, Chair of the Board
Grant Devonport
Director, Chair of the Audit and Financial Risk Committee
The financial statements for the six-months ended have not been audited. They have been the subject of a review by the auditors pursuant to New Zealand
Standard for Review Engagements 2410 (Revised) for the six-months ended 31 December 2024 and 31 December 2023. The full-year financial statements for the
year ended 30 June 2024 have been audited.
The accompanying notes form part of these interim financial statements.
Interim Financial Statements 202503

Consolidated interim statement of changes in equity
FOR THE SIX MONTHS ENDED 31 DECEMBER 2024
Issued and
paid-up
capital
Cancelled
share
reserve
Property, plant
and equipment
revaluation
reserve
Share-
based
payments
reserve
Cash flow
hedge
reserve
Cost of
hedging
reserve
Share of
reserves of
associate and
joint ventures
Retained
earningsTotal
Notes
$M$M$M$M$M$M$M$M$M
Six months ended 31 December
2024 (unaudited)
At 1 July 20241,739.9(609.2)5,506.91.920.2(4.0)62.11,892.38,610.1
Profit for the period-------187.3187.3
Other comprehensive income----(31.9)1.3--(30.6)
Total comprehensive income----(31.9)1.3-187.3156.7
Reclassification to retained earnings--(0.1)(0.4)---0.5-
Shares issued121,375.8-------1,375.8
Long-term incentive plan---0.4----0.4
Dividend paid8-------(96.2)(96.2)
At 31 December 20243,115.7(609.2)5,506.81.9(11.7)(2.7)62.11,983.910,046.8
Six months ended 31 December
2023 (unaudited)
At 1 July 20231,680.8(609.2)5,187.32.031.6(1.7)62.12,024.68,377.5
Profit for the period-------118.7118.7
Other comprehensive income--7.8-(22.8)(0.7)--(15.7)
Total comprehensive income--7.8-(22.8)(0.7)-118.7103.0
Reclassification to retained earnings--(5.8)----5.8-
Shares issued1221.3-------21.3
Long-term incentive plan---------
Dividend paid8-------(58.9)(58.9)
At 31 December 20231,702.1(609.2)5,189.32.08.8(2.4)62.12,090.28,442.9
The financial statements for the six-months ended have not been audited. They have been the subject of a review by the auditors pursuant to New Zealand Standard for Review Engagements 2410 (Revised) for the six-months ended 31 December
2024 and 31 December 2023. The full-year financial statements for the year ended 30 June 2024 have been audited.
The accompanying notes form part of these interim financial statements.
04Interim Financial Statements 2025

Consolidated interim statement of financial position
AS AT 31 DECEMBER 2024
UnauditedAudited
As at
31 Dec 2024
As at
30 Jun 2024
Notes
$M$M
Non-current assets
Property, plant and equipment99,168.58,755.0
Investment properties103,273.83,123.9
Investment in associate and joint ventures7181.3180.6
Derivative financial instruments63.853.5
12,687.412,113.0
Current assets
Cash and cash equivalents11464.4219.7
Medium-term deposits11325.0-
Trade and other receivables114.982.3
Derivative financial instruments0.31.2
904.6303.2
Total assets13,592.012,416.2
Shareholders’ equity
Issued and paid-up capital123,115.71,739.9
Reserves4,947.24,977.9
Retained earnings1,983.91,892.3
10,046.88,610.1
Non-current liabilities
Term borrowings132,139.82,403.3
Derivative financial instruments28.424.6
Deferred tax liability808.0810.0
Other term liabilities2.02.3
2,978.23,240.2
Current liabilities
Accounts payable and accruals186.7205.0
Taxation payable43.165.4
Derivative financial instruments-0.3
Short-term borrowings13323.6281.4
Provisions13.613.8
567.0565.9
Total equity and liabilities13,592.012,416.2
The financial statements for the six-months ended have not been audited. They have been the subject of a review by the auditors pursuant to New Zealand
Standard for Review Engagements 2410 (Revised) for the six-months ended 31 December 2024 and 31 December 2023. The full-year financial statements for the
year ended 30 June 2024 have been audited.
The accompanying notes form part of these interim financial statements.
Interim Financial Statements 202505

Consolidated interim cash flow statement
FOR THE SIX MONTHS ENDED 31 DECEMBER 2024
UnauditedUnaudited
6 months to
31 Dec 2024
6 months to
31 Dec 2023
Notes
$M$M
Cash flow from operating activities
Cash was provided from:
Receipts from customers445.5399.3
Interest received6.12.4
451.6401.7
Cash was applied to:
Payments to suppliers and employees(134.7)(138.5)
Income tax paid(84.5)(22.4)
Interest paid(45.8)(31.7)
(265.0)(192.6)
Net cash flow from operating activities6186.6209.1
Cash flow from investing activities
Cash was provided from:
Share of dividends received and repayment of partner contribution73.66.7
3.66.7
Cash was applied to:
Property, plant and equipment additions(502.3)(451.5)
Interest paid – capitalised(30.7)(24.0)
Investment property additions(95.6)(125.9)
Investment in joint ventures(0.8)-
(629.4)(601.4)
Net cash flow applied to investing activities(625.8)(594.7)
Cash flow from financing activities
Cash was provided from:
Increase in share capital1,375.1-
Increase in medium-term deposits(325.0)-
Increase in borrowings555.01,015.7
1,605.11,015.7
Cash was applied to:
Decrease in borrowings(825.0)(640.0)
Dividends paid8(96.2)(38.4)
(921.2)(678.4)
Net cash flow from financing activities683.9337.3
Net (decrease)/increase in cash held244.7(48.3)
Opening cash brought forward219.7106.2
Ending cash carried forward464.457.9
The financial statements for the six-months ended have not been audited. They have been the subject of a review by the auditors pursuant to New Zealand
Standard for Review Engagements 2410 (Revised) for the six-months ended 31 December 2024 and 31 December 2023. The full-year financial statements for the
year ended 30 June 2024 have been audited.
The accompanying notes form part of these interim financial statements.
06Interim Financial Statements 2025

Notes and accounting policies
FOR THE SIX MONTHS ENDED 31 DECEMBER 2024
1. Corporate information
Auckland International Airport Limited (‘the company’ or
‘Auckland Airport’) is a company established under the
Auckland Airport Act 1987 and was incorporated on
20 January 1988 under the Companies Act 1955. The
company was re-registered under the Companies Act 1993
on 6 June 1997. The company is an FMC Reporting Entity
under Part 7 of the Financial Markets Conduct Act 2013.
The financial statements presented are for Auckland Airport
and its wholly-owned subsidiaries, joint ventures and an
associate (‘the group’).
These interim financial statements were authorised for
issue in accordance with a resolution of the directors on
19 February 2025.
2. Basis of preparation and summary of material accounting policies
The condensed consolidated interim financial statements
(‘interim financial statements’) have been prepared in
accordance with generally accepted accounting practice
(‘GAAP’) in New Zealand and the requirements of the
Financial Markets Conduct Act 2013 and the Main Board/
Debt Market Listing Rules of NZX Limited. The interim
financial statements comply with New Zealand Equivalent to
International Accounting Standards NZ IAS 34 and IAS 34
Interim Financial Reporting.
Auckland Airport is designated as a for-profit entity for
financial reporting purposes.
These interim financial statements are not required to and do
not make disclosure of all of the information required to be
included in an annual financial report. Accordingly, this report
should be read in conjunction with the financial statements
and related notes included in Auckland Airport’s Annual Report
for the year ended 30 June 2024.
These interim financial statements are presented in New
Zealand dollars and all values are rounded to the nearest million
dollars ($M) and one decimal point unless otherwise indicated.
The accounting policies and methods of computation set out
in the 2024 Annual Report have been applied consistently
to all periods presented in these interim financial statements.
There were no new accounting standards, interpretations
or amendments with a material impact on these interim
financial statements.
Accounting standards not yet effective
New or revised standards and interpretations that have been
approved but are not yet effective have not been adopted by
the group in these interim financial statements.
NZ IFRS 18 Presentation and Disclosure in Financial
Statements, issued in May 2024, is effective for annual
reporting periods beginning on or after 1 January 2027, and
entities can early adopt this accounting standard. NZ IFRS
18 sets out requirements for the presentation and disclosure
of information in general-purpose financial statements to
help ensure they provide relevant information that faithfully
represents an entity’s assets, liabilities, equity, income and
expenses. The group is yet to assess NZ IFRS 18’s full impact.
The group intends to apply the standard when it becomes
mandatory from 1 January 2027.
There are no other new or amended standards that are issued
but not yet effective, that are expected to have a material
impact on the group.
3. Changes in key estimates and judgements
Flood-related insurance matters
On 27 January 2023, Auckland experienced widespread flash
flooding caused by record-breaking rainfall. Auckland Airport
experienced flooding across the precinct and particularly
the international terminal building. Both the domestic and
international terminals were closed for short periods starting
that evening, with domestic
flights resuming at midday on
28 January 2023 and international flights from the morning of
29 January 2023.
Auckland Airport suffered flood damage to assets across its
precinct. The most significant areas of damage were to check-
in, baggage and vertical transportation at the international
terminal building. Auckland Airport has material damage,
business interruption and construction works insurance
policies in place. The group engaged independent experts to
estimate the extent and cost of damage and to support the
insurance claim process.
The group recognises the expected insurance proceeds
when they can be reliably estimated and the recovery is
virtually certain. The insurers agreed to a further payment of
$4.0 million, which the group has recognised as income during
the six months ended 31 December 2024. In total, the group
has recognised $28.0 million as income since the January
2023 event.
The repair and replacement of damaged assets is advanced,
save for vertical transport, which is planned to be completed
during the 2025 calendar year. During the six months ended
31 December 2024 the group recognised $1.5 million of flood-
related expenses for repairs. In total, the group has recognised
$22.3 million as flood-related expenses since the January
2023 event.
The group has recognised net proceeds of $2.5 million in the
consolidated interim income statement during the six months
ended 31 December 2024 and net proceeds of $5.7 million
since the January 2023 event.
Interim Financial Statements 202507

Notes and accounting policies CONTINUED
FOR THE SIX MONTHS ENDED 31 DECEMBER 2024
4. Segment information
(a) Identification of reportable segments
The group has identified its operating segments based on the
internal reports reviewed and used by the chief executive, as
the chief operating decision-maker, in assessing performance
and in determining the allocation of resources.
The operating segments are identified by management
based on the nature of services provided. Discrete financial
information about each of these operating segments is
reported to the chief executive monthly. The chief executive
assesses the performance of the operating segments based
on segment EBITDAFI
1
. Interest income and expenditure,
taxation, depreciation, fair value adjustments, and share of
profits of associate and joint ventures are not allocated to
operating segments as the group manages the cash position
and borrowings at a group level.
(b) Types of services provided 
Aeronautical
The aeronautical business provides services that facilitate the
movement of aircraft, passengers and cargo, and provides
utility services that support the airport. The aeronautical
business also earns rental revenue from space leased in
facilities such as terminals.
Retail
The retail business provides services to the retailers within the
terminals and provides car parking facilities for passengers,
visitors and airport staff.
Property
The property business earns rental revenue from space leased
on airport land outside the terminals including cargo buildings,
hangars, shops and other stand-alone investment properties.
AeronauticalRetailPropertyTotal
$M$M$M$M
Six months ended 31 December 2024 (unaudited)
Total segment income248.5138.794.7481.9
Total segment expenses62.627.623.4113.6
Segment EBITDAFI
1
185.9111.171.3368.3
Six months ended 31 December 2023 (unaudited)
Total segment income224.2131.779.8435.7
Total segment expenses61.820.616.398.7
Segment EBITDAFI
1
162.4111.163.5337.0
Income reported above represents income generated from external customers. There was no inter-segment income in the period
(31 December 2023: nil).
(c) Reconciliation of segment EBITDAFI to income statement
UnauditedUnaudited
6 months to
31 Dec 2024
6 months to
31 Dec 2023
$M$M
Segment EBITDAFI
1
368.3337.0
Unallocated external operating income18.04.8
Unallocated external operating expenses(36.7)(31.6)
Total EBITDAFI as per income statement
1
349.6310.2
Investment property fair value increase/(decrease)50.5(27.1)
Derivative fair value change(0.5)(0.3)
Share of profit/(loss) of associate and joint ventures3.54.7
Depreciation(99.2)(84.3)
Interest expense and other finance costs(43.9)(33.1)
Profit/(loss) before taxation260.0170.1
1EBITDAFI is a non-GAAP measure. Refer to the 2024 Annual Report, note 3(d).
The income included in unallocated external operating income consists mainly of interest payments from third-party financial
institutions and income from telecommunication and technology services provided to tenants. The expenses included in
unallocated external operating expenses consists mainly of listed company costs including registry and listing fees, corporate
staff expenses, and corporate legal and consulting fees.
08Interim Financial Statements 2025

5. Profit for the period
UnauditedUnaudited
6 months to
31 Dec 2024
6 months to
31 Dec 2023
$M$M
Staff expenses comprise:
Salaries and wages50.540.7
Capitalised salaries and wages(15.1)(10.3)
Employee benefits3.82.9
Share-based payment plans0.30.1
Defined contribution superannuation1.51.2
Other staff costs1.92.3
42.936.9
Interest expense and other finance costs comprise:
Interest on bonds and related hedging instruments35.529.3
Interest on bank facilities and related hedging instruments6.310.9
Interest on AMTN notes and related hedging instruments29.412.4
Interest on commercial paper and related hedging instruments3.44.5
Total interest expense and other finance costs74.657.1
Less capitalised borrowing costs(30.7)(24.0)
Interest expense and other finance costs as per income statement43.933.1
Interest rate for capitalised borrowings costs5.75%5.66%
The interest expense amounts disclosed in the table above include the effect of interest rate hedges. The gross interest costs of
bonds, bank facilities, Australian Medium Term Notes ('AMTN') and commercial paper, excluding the impact of interest rate hedges,
was $74.9 million for the six months ended 31 December 2024 (31 December 2023: $56.6 million).
The interest expense recognised in the income statement excludes capitalised borrowing costs of $30.7 million (31 December
2023: $24.0 million). Borrowing costs that are directly attributable to the acquisition, construction or production of a qualifying
asset, are capitalised as part of the cost of that asset. Capitalisation is suspended if active development of the qualifying asset is
suspended for an extended period.
Interim Financial Statements 202509

Notes and accounting policies CONTINUED
FOR THE SIX MONTHS ENDED 31 DECEMBER 2024
6. Reconciliation of profit after taxation with cash flow from operating activities
UnauditedUnaudited
6 months to
31 Dec 2024
6 months to
31 Dec 2023
$M$M
Profit after taxation187.3118.7
Adjustments for:
Depreciation99.284.3
Deferred taxation benefit10.52.5
Share-based payments0.30.1
Equity-accounted loss/(earnings) from associate and joint ventures(3.5)(4.7)
Investment property fair value decrease/(increase)(50.5)27.1
Derivative fair value decrease0.50.3
Items not classified as operating activities:
Loss on asset disposals0.1-
(Increase)/decrease in property, plant and equipment retentions and payables17.0(2.0)
Increase in investment property retentions and payables16.00.8
Increase in investment property lease incentives and receivables(16.2)(5.1)
Items recognised directly in equity(0.4)0.9
Movement in working capital:
(Increase)/decrease in trade and other receivables(32.6)(45.7)
Increase/(decrease) in taxation payable(22.3)26.5
Increase/(decrease) in accounts payable and provisions(18.5)6.9
Decrease in other term liabilities(0.3)(1.5)
Net cash flow from operating activities186.6209.1
10Interim Financial Statements 2025

7. Investment in associate and joint ventures
Movement in the group’s carrying amount of investments in associate and joint ventures
UnauditedUnaudited
6 months to
31 Dec 2024
6 months to
31 Dec 2023
$M$M
Investment in associate and joint ventures at the beginning of the period180.6193.1
Further investment in joint ventures0.8-
Share of profit/(loss) after tax of associate and joint ventures3.54.7
Share of dividends received and repayment of partner contribution(3.6)(6.7)
Investment in associate and joint ventures at the end of the period181.3191.1
Share of (loss)/profit after tax of associate and joint ventures
Carrying value of investments in associate and joint ventures
UnauditedAudited
As at
31 Dec 2024
As at
30 Jun 2024
$M$M
Tainui Auckland Airport Hotel Limited Partnership39.739.0
Tainui Auckland Airport Hotel 2 Limited Partnership30.330.9
Queenstown Airport Corporation Limited111.3110.7
Total181.3180.6
8. Distribution to shareholders
UnauditedUnaudited
6 months to
31 Dec 2024
6 months to
31 Dec 2023
Dividend
payment date$M$M
2023 final dividend
6 October
2023
-58.9
2024 final dividend
4 October
2024
96.2-
During the six months ended 31 December 2024, $96.2 million was paid in cash (31 December 2023: $20.5 million reinvested and
$38.4 million paid in cash).
The company has a dividend reinvestment plan, but this was temporarily suspended during the period due to the timing of the
equity raise. Refer to note 12.
Interim Financial Statements 202511

Notes and accounting policies CONTINUED
FOR THE SIX MONTHS ENDED 31 DECEMBER 2024
9. Property, plant and equipment
UnauditedAudited
As at
31 Dec 2024
As at
30 Jun 2024
$M$M
Carried at fair value8,029.97,718.9
Carried at cost255.8245.9
Work in progress at cost1,281.81,089.6
Accumulated depreciation(399.0)(299.4)
Net carrying amount9,168.58,755.0
The group carries land, buildings and services, infrastructure
and runway, taxiways and aprons at fair value.
At 31 December 2024 the group undertook a desktop review
of the property, plant and equipment balances carried at
fair value.
•For land assets previously formally revalued using the
discounted cash flow approach, the 31 December 2024
desktop assessment compared retail and car parking
performance with independent valuers' views at the last
formal valuation as at 30 June 2023.
•For land assets previously formally revalued using the
market value alternative use and direct sales comparison
approaches, the desktop assessment considered the
outcome of the investment property desktop review
described in note 10, in particular the vacant
land component.
•For all other assets previously formally revalued using the
optimised depreciated replacement cost approach, the
desktop assessment considered movements in the capital
goods price index.
These assessments indicated there was no material fair value
movement in any class of property, plant and equipment from
30 June 2024.
Vehicles, plant and equipment and work in progress are carried
at cost.
Additions to property, plant and equipment, including work
in progress, were $515.0 million for the six months ended
31 December 2024 (six months ended 31 December 2023:
$473.4 million). These include works associated with the
integration of the domestic and international terminals, airfield
renewals and expansion and Transport Hub.
There were no transfers from investment property during the
six months ended 31 December 2024 (transfers to investment
property during the six months ended 31 December 2023:
$1.4 million).
The following categories of property, plant and equipment are
leased to tenants:
•Aeronautical land, including land associated with aircraft,
freight and terminal use carried at $339.7 million (30 June
2024: $339.7 million);
•Land associated with retail facilities within terminal
buildings carried at $1,664.5 million (30 June 2024:
$1,664.5 million); and
•Terminal building premises (within buildings and services),
being 15% of total floor area and carried at $339.7 million
(30 June 2024: 15% of total floor area or $311.7 million).
12Interim Financial Statements 2025

10. Investment properties
UnauditedAudited
6 months to
31 Dec 2024
12 months to
30 Jun 2024
$M$M
Balance at the beginning of the period3,123.92,882.1
Additions83.2240.7
Transfers to property, plant and equipment (note 9)-8.4
Change in net revaluations50.5(15.3)
Lease incentives capitalised14.85.8
Lease incentives amortised(2.4)(4.0)
Spreading of fixed rental increases3.86.2
Balance at the end of the period3,273.83,123.9
Investment property is measured at fair value, which reflects
market conditions at balance date. To determine fair value, the
group ordinarily commissions investment property valuations
at 30 June each year and undertakes a desktop revaluation
at 31 December each year. Auckland Airport also reviews
investment properties that are recently constructed or in the
latter stages of construction at 31 December each year.
The basis of valuation is market value, based on each
property’s highest and best use. The valuation methodologies
used were a direct sales comparison or a direct capitalisation
of rental income, using market comparisons of capitalisation
rates, supported by a discounted cash flow approach.
The desktop revaluations were performed by Colliers
International (Colliers), Savills Limited (Savills) and Jones Lang
LaSalle Limited (JLL) based on key valuation metrics. The
valuers did not re-inspect the properties but undertook
relevant investigations, including considering any tenant
changes, assessing market rentals and reviewing capitalisation
rates in order to determine the desktop value of the group’s
investment properties. The desktop revaluations have been
reviewed and assessed by management and subsequently
adopted by the group. This has resulted in a fair value
increase of $50.5 million or 1.7% for the overall portfolio for
the six months ended 31 December 2024 (31 December 2023:
decrease of $27.1 million or 0.9%).
The following categories of investment property are leased
to tenants:
•Retail and service carried at $644.2 million (30 June 2024:
$573.3 million);
•Industrial carried at $2,139.5 million (30 June 2024:
$2,059.8 million); and
•Other investment property carried at $165.0 million
(30 June 2024: $165.9 million).
Interim Financial Statements 202513

Notes and accounting policies CONTINUED
FOR THE SIX MONTHS ENDED 31 DECEMBER 2024
11. Cash and cash equivalents and medium-term deposits
UnauditedAudited
As at
31 Dec 2024
As at
30 Jun 2024
$M$M
Cash and bank balances89.49.3
Short-term deposits (less than three months)375.0210.4
Total cash and cash equivalents464.4219.7
Medium-term deposits (three to six months)325.0-
Total cash and term deposits789.4219.7
Cash and bank balances earn interest at daily bank deposit
rates. During the period ended 31 December 2024, surplus
funds were deposited on the overnight money market or term
deposit at a rate of 4.10% to 5.85% (31 December 2023: at a
rate of 5.35% to 6.00%).
As a result of the capital raise undertaken to support the
group’s capital investment programme, the company has seen
a significant increase in cash and term deposits.
At 31 December 2024, the group held total cash and term
deposits of $789.4 million (30 June 2024: $219.7 million).
The short-term and medium-term deposits at 31 December
2024 ranged from $50.0 million to $225.0 million and were
spread across five financial institutions to minimise credit risk,
with those being ANZ Bank, Bank of China, China Construction
Bank, Bank of New Zealand and Westpac New Zealand
(30 June 2024: $20.0 million to $80.0 million across four
financial institutions). These financial institutions had a credit
rating of 'A' or above from S&P. The level of deposits at each
financial institution recognises a balance between returns and
credit risk.
Further details of Auckland Airport's credit risk objectives and
policies is available in note 18(d) of the 2024 Annual Report.
14Interim Financial Statements 2025

12. Issued and paid-up capital and earnings per share
UnauditedUnauditedUnauditedUnaudited
6 months to
31 Dec 2024
6 months to
31 Dec 2023
6 months to
31 Dec 2024
6 months to
31 Dec 2023
$M$MSharesShares
Opening issued and paid-up capital1,739.91,680.81,479,784,4901,472,279,341
Shares fully paid and allocated to employees by employee
share scheme0.30.538,66586,000
Shares vested to employees participating in long-term
incentive plans0.40.3111,47286,561
Shares issued under the dividend reinvestment plan-20.5-2,664,882
Shares issued under the capital raise1,375.1-201,438,848-
Closing issued and paid-up capital3,115.71,702.11,681,373,4751,475,116,784
Capital Raise
On 16 September 2024, Auckland Airport announced an equity raise comprising a $1.2 billion underwritten private placement and
a $200 million non-underwritten retail offer. The proceeds will support the group's planned capital investment programme and
its targeted A- S&P credit rating and dividend policy. The additional liquidity enabled the reduction in debt and bank facilities as
outlined in note 12.
The company issued a total of 201,438,848 ordinary shares under the private placement and retail offer. Shares were issued at an
issue price of $6.95, representing a 7.0% discount to the ex-dividend adjusted last close price of $7.48 on 13 September 2024. Total
capital raised of $1,375.1 million is net of directly attributable share issue costs of $24.9 million.
Earnings per share
The earnings used in calculating basic and diluted earnings per share is net profit attributable to equity holders of $187.3 million
(six months ended 31 December 2023: $118.7 million).
The weighted average number of shares used to calculate basic and diluted earnings per share is as follows:
UnauditedUnaudited
6 months to
31 Dec 2024
Restated
6 months to
31 Dec 2023
SharesShares
For basic earnings per share1,554,753,0601,488,155,073
Dilution effect of share options326,339256,448
For diluted earnings per share1,555,079,3991,488,411,521
To ensure comparability and transparency, the basic and diluted earnings per share figures for the prior period have been restated
to account for the impact of the new shares issued from the capital raise noted above. The basic and diluted earnings per share
for the current and restated prior period include an "implied bonus" element. This bonus element arises from the 7% discount on
the capital raise, which means more shares were issued than if they had been sold at the full market price. The current year figures
have been adjusted as if those bonus shares were in place for the entire financial year, rather than just from the issue date.
The reported basic earnings per share for the six months ended 31 December 2024 is 12.05 cents (restated six months ended
31 December 2023: 7.98 cents).
The reported diluted earnings per share for the six months ended 31 December 2024 is 12.04 cents (restated six months ended
31 December 2023: 7.98 cents).
Interim Financial Statements 202515

Notes and accounting policies CONTINUED
FOR THE SIX MONTHS ENDED 31 DECEMBER 2024
13. Borrowings
UnauditedAudited
As at
31 Dec 2024
As at
30 Jun 2024
$M$M
Current
Commercial paper103.6118.4
Bank facilities70.013.0
Bonds150.0150.0
Total short-term borrowings323.6281.4
Non-current
Bank facilities30.0192.0
Bonds1,143.71,274.4
AMTN notes966.1936.9
Total term borrowings2,139.82,403.3
Total
Commercial paper103.6118.4
Bank facilities100.0205.0
Bonds1,293.71,424.4
AMTN notes966.1936.9
Total borrowings2,463.42,684.7
In the six-month period to 31 December 2024, the company
reduced its bank and debt financing, which has been enabled
by the additional liquidity from the capital raise.
The group repaid the $150.0 million six-year 3.51% fixed-rate
bond at maturity in October 2024.
The $100 million facility with Mizuho Bank Ltd matured in
August 2024.
The group brought forward the maturity of the $70 million
facility with Mizuho Bank Ltd from August 2026 to
January 2025.
The following bank facilities were cancelled prior to maturity:
•The $40 million facility with ANZ Bank New Zealand Limited
that was set to mature in August 2026.
•The $150 million facility with Bank of New Zealand that was
set to mature in May 2025.
•The $40 million facility with Westpac New Zealand Limited
that was set to mature in August 2026.
•The $50 million facility with The Bank of Tokyo-Mitsubishi
UFJ, Ltd that was set to mature in November 2025.
•A $100 million portion of the $125 million facility with
Commonwealth Bank of Australia, retaining $25 million that
will mature in November 2025.
As at 31 December 2024, the company had undrawn bank
facilities of $625.0 million (
30 June 2024: $1,000.0 million).
During the current and prior periods, there were no defaults or
breaches on any of the borrowing facilities.
14. Financial risk management
The group has a treasury policy that limits exposure to market
risk for changes in interest rates and foreign currency, liquidity
risk and counter-party credit risk. The group has no other
material direct price risk exposure.
The interim financial statements do not include all financial risk
management information and disclosures and should be read
in conjunction with note 18 of the 2024 Financial Statements.
Further information is also contained in the risk management
section of the 2024 Annual Report.
There have been no significant changes in the financial risk
management objectives and policies since 30 June 2024.
16Interim Financial Statements 2025

15. Fair value of financial instruments
There have been no transfers between levels of the fair
value hierarchy used in measuring the fair value of financial
instruments in the period to 31 December 2024 (30 June
2024: nil).
The following financial instruments are carried at amortised
cost, which approximates their fair value:
•Cash;
•Trade and other receivables;
•Accounts payable and accruals;
•Other term liabilities; and
•Borrowings issued at floating rates.
Borrowings issued at fixed rates, including bonds and AMTN
notes, are also carried at amortised cost, which differs from
their fair value. The fair values are shown in the table below for
comparative purposes and are determined as follows:
•The group’s bonds are classified as level 1. The fair value of
the bonds is based on the quoted market prices for these
instruments at balance date; and
•The group’s AMTN notes are classified as level 2. The
fair value of the AMTN notes has been determined at
balance date on a discounted cash flow basis using the
AUD Bloomberg curve and applying discount factors to
the future AUD interest payment and principal payment
cash
flows.
UnauditedAudited
31 Dec 202430 Jun 2024
Carrying
amount
Fair
value
Carrying
amount
Fair
value
$M$M$M$M
Bonds1,293.71,335.41,424.41,450.7
AMTN notes966.1985.5936.9965.6
The group’s derivative financial instruments are carried at fair value and are classified as level 2. The fair values are determined on a
discounted cash flow basis. The future cash flows are forecast using the key inputs presented in the table below. The forecast cash
flows are discounted at a rate that reflects the credit risk of both counterparties to the derivative financial instruments.
UnauditedAudited
Fair value
As at
31 Dec 2024
Fair value
As at
30 Jun 2024
$M$MValuation key inputs
Interest rate swapsForward interest rates (from observable yield curves) and
contract interest rates
Assets31.143.5
Liabilities(26.9)(14.7)
Cross-currency interest rate swaps
Assets33.011.0Forward interest and foreign exchange rates (from
observable yield curves and forward foreign exchange
rates) and contract rates
Liabilities(1.5)(9.8)
Forward foreign
currency contracts
Assets0.20.2Forward foreign exchange rates and contract rates
Liabilities-(0.6)Forward foreign exchange rates and contract rates
Interim Financial Statements 202517

Notes and accounting policies CONTINUED
FOR THE SIX MONTHS ENDED 31 DECEMBER 2024
16. Commitments
(a) Property, plant and equipment
The group had contractual obligations to purchase or
develop property, plant and equipment for $1,117.1 million at
31 December 2024 (30 June 2024: $439.9 million). These
include aeronautical works associated with the terminal
integration programme, including a key contract with Hawkins
Limited to construct the domestic jet terminal building.
(b) Investment property
The group had contractual obligations to purchase, develop,
repair or maintain investment property for $55.7 million at
31 December 2024 (30 June 2023: $120.9 million). These
include the development of buildings for IKEA and DHL,
alongside industrial developments.
17. Contingent liabilities
Noise mitigation
Auckland Airport Designation 1100, contained in the Auckland
Unitary Plan, sets out Auckland Airports' obligations for
noise mitigation for properties affected by aircraft noise.
This includes obligations to mitigate the impact of aircraft
noise through the installation of noise mitigation packages to
existing dwellings and schools. The noise mitigation packages
provide treatment of dwellings to achieve an internal noise
environment of no more than 40dB. The company is required
to subsidise 100% of treatment costs for properties in the high
aircraft noise area and 75% in the medium aircraft noise area.
The aircraft noise contours included in Designation 1100 reflect
the long-term predicted aircraft noise levels generated by
aircraft operations from the existing runway and proposed
northern runway. Annually, the company projects the level of
noise that will be generated from aircraft operations for the
following 12 months. These annual projections confirm which
dwellings and schools are eligible for noise mitigation each
year and offers are sent to those affected properties. It is at the
discretion of the individual landowner whether they accept a
noise mitigation package.
Projections are undertaken annually to determine eligibility, and
the rate of acceptance of
offers of treatment by landowners
is variable.
However, it is estimated that further costs on noise mitigation
should not exceed $7.0 million (30 June 2024: $7.2 million).
Firefighting foam contaminated water and soil clean-up
Per and Polyfluoroalkyl Substances (PFAS) containing
firefighting foam has been widely used in the airport sector,
globally and throughout New Zealand. There is evidence of
varying levels of PFAS contamination derived from historical
firefighting foams used at Auckland Airport. As disclosed in
note 21 of the 2024 Financial Statements, the group continues
to recognise a provision for contamination where it has a
present obligation to remediate the contamination it has
identified in surface water and sediment.
The group has also detected further low level PFAS
contamination within a stockpile of fill material, located on
vacant land. There is currently no environmental requirement
or other obligation to remove the contaminated material,
which is adequately contained. The group has estimated
a contingent liability of $13.4 million to remove and treat
contaminated fill material within the stockpile (30 June 2024:
$13.4 million).
18Interim Financial Statements 2025

18. Share-based payment plan
In 2024, the Board undertook an external review of the
LTI scheme resulting in a new service-based plan and a
modification of the vesting rules for new offers under the
hurdle-based LTI plans with a revised peer group.
Hurdle-based LTI plan
Under the hurdle-based LTI plan, share rights are granted
to participating executives with a three-year vesting period.
Share rights, once vested and exercised, entitle the
participating executives to receive shares in Auckland Airport.
The receipt of the shares, or vesting, is at nil cost to executives
and subject to them remaining employed by Auckland Airport
during the vesting period and achievement of total shareholder
return (TSR) performance hurdles.
For 50% of the shares granted under the plans, all shares will
vest if the TSR equals or exceeds the company’s cost of equity
plus 1% compounding annually (independently calculated by
Jarden and PricewaterhouseCoopers). For the other 50% of
shares granted, the proportion of shares that vest depends on
Auckland Airport’s TSR relative to a peer group.
•For LTI offers made before 30 June 2024, the peer group
comprises the members of the Dow Jones Brookfield
Airports Infrastructure Index (excluding Auckland Airport) at
each grant date.
•For LTI offers made after 1 July 2024, after taking
external advice, the peer group comprises of 10 NZX and
ASX listed companies in the energy, infrastructure and
logistics industries.
A total of 235,392 shares rights were granted during the
six months ended 31 December 2024. The total number of
rights in issue under this scheme as at 31 December 2024
is 554,634. No shares were vested in the period ending
31 December 2024.
If the performance targets are not achieved or if executives
depart from Auckland Airport before their share rights vest,
such rights will be forfeited. The Board has residual discretion
to reduce the number of shares that vest, or to waive the
requirement to remain employed.
Service-based LTI plan
Under the new service-based LTI plan, share rights are granted
to participating executives with 30% subject to an 18-month
vesting period and the remaining 70% subject to a three-year
vesting period.
Share rights, once vested and exercised, entitle the
participating executives to receive shares in Auckland Airport.
The receipt of the shares, or vesting, is at nil cost to executives
and subject to remaining employed by Auckland Airport during
the vesting period and board discretion. No other hurdles exist
for this scheme.
A total of 35,244 share rights were granted during the six
months ended 31 December 2024.
To the extent that executives leave Auckland Airport
prior to vesting, the share rights are forfeited, subject to
board discretion.
19. Events subsequent to balance date
On 17 February 2025, the directors of Queenstown Airport declared a fully imputed interim dividend of $7.0 million for the six
months ended 31 December 2024. The group’s share of the dividend is $1.7 million.
On 19 February 2025, the directors approved the payment of a fully imputed interim dividend of 6.25 cents per share amounting to
$105.1 million to be paid on 4 April 2025.
Interim Financial Statements 202519

INDEPENDENT AUDITOR’S REVIEW REPORT
TO THE SHAREHOLDERS OF AUCKLAND INTERNATIONAL AIRPORT LIMITED
Conclusion
We have reviewed the condensed consolidated interim financial statements (‘interim financial statements’) of
Auckland International Airport Limited (‘the Company’) and its subsidiaries (‘the Group’) on pages 2 to 18 which
comprise the consolidated interim statement of financial position as at 31 December 2023, and the
consolidated interim income statement, statement of comprehensive income, statement of changes in equity
and cash flow statement for the six months ended on that date, and notes to the interim financial statements,
including material accounting policy information.
Based on our review, nothing has come to our attention that causes us to believe that the interim financial
statements of the Group do not present fairly, in all material respects, the financial position of the Group as at
31 December 2023 and its financial performance and cash flows for the period ended on that date in
accordance with NZ IAS 34 Interim Financial Reporting and IAS 34 Interim Financial Reporting.
Basis for Conclusion
We conducted our review in accordance with NZ SRE 2410 (Revised) Review of Financial Statements Performed
by the Independent Auditor of the Entity (‘NZ SRE 2410 (Revised)’). Our responsibilities are further described in
the Auditor’s Responsibilities for the Review of the Interim Financial Statements section of our report.
We are independent of the Group in accordance with the relevant ethical requirements in New Zealand relating
to the audit of the annual financial statements, and we have fulfilled our other ethical responsibilities in
accordance with these requirements.
Our firm carries out other assignments for the Group in the area of greenhouse gas inventory assurance
reporting, trustee reporting and assurance reporting for regulatory reporting, and non-assurance services in
relation to the integrity of the aeronautical pricing model as well as non-assurance services provided to the
Corporate Taxpayers Group of which the Company is a member. These services have not impaired our
independence as auditor of the Company and Group. In addition to this, partners and employees of our firm
deal with the Company and its subsidiaries on normal terms within the ordinary course of trading activities of
the business of the Company and its subsidiaries. The firm has no other relationship with, or interest in, the
Company or any of its subsidiaries.
Directors’ responsibilities for the interim financial statements
The directors are responsible on behalf of the Company for the preparation and fair presentation of the interim
financial statements in accordance with NZ IAS 34 Interim Financial Reporting and IAS 34 Interim Financial
Reporting and for such internal control as the directors determine is necessary to enable the preparation and
fair presentation of the interim financial statements that are free from material misstatement, whether due to
fraud or error.
Auditor’s responsibilities for the review of the interim financial statements
Our responsibility is to express a conclusion on the interim financial statements based on our review. NZ SRE
2410 (Revised) requires us to conclude whether anything has come to our attention that causes us to believe
that the interim financial statements, taken as a whole, are not prepared, in all material respects, in accordance
with NZ IAS 34 Interim Financial Reporting and IAS 34 Interim Financial Reporting.
A review of the interim financial statements in accordance with NZ SRE 2410 (Revised) is a limited assurance
engagement. We perform procedures, primarily consisting of making enquiries, primarily of persons responsible
for financial and accounting matters, and applying analytical and other review procedures. The procedures
performed in a review are substantially less than those performed in an audit conducted in accordance with
International Standards on Auditing (New Zealand) and consequently do not enable us to obtain assurance that
we might identify in an audit. Accordingly we do not express an audit opinion on the interim financial statements.
19
Financial statements
INDEPENDENT AUDITOR’S REVIEW REPORT
TO THE SHAREHOLDERS OF AUCKLAND INTERNATIONAL AIRPORT LIMITED
Conclusion
We have reviewed the condensed consolidated interim financial statements (‘interim financial
statements’) of Auckland International Airport Limited (‘the Company’) and its subsidiaries (‘the
Group’) on pages 2 to 19 which comprise the consolidated interim statement of financial position as
at 31 December 2024, and the consolidated interim income statement, statement of comprehensive
income, statement of changes in equity and cash flow statement for the six months ended on that
date, and notes to the interim financial statements, including material accounting policy information.
Based on our review, nothing has come to our attention that causes us to believe that the interim
financial statements of the Group do not present fairly, in all material respects, the financial position
of the Group as at 31 December 2024 and its financial performance and cash flows for the six months
ended on that date in accordance with NZ IAS 34 Interim Financial Reporting and IAS 34 Interim
Financial Reporting.
Basis for Conclusion
We conducted our review in accordance with NZ SRE 2410 (Revised) Review of Financial Statements
Performed by the Independent Auditor of the Entity (‘NZ SRE 2410 (Revised)’). Our responsibilities are
further described in the Auditor’s Responsibilities for the Review of the Interim Financial Statements
section of our report.
We are independent of the Group in accordance with the relevant ethical requirements in
New Zealand relating to the audit of the annual financial statements, and we have fulfilled our
other ethical responsibilities in accordance with these requirements.
Our firm carries out other assignments for the Group in the area of greenhouse gas inventory
assurance reporting, trustee reporting and assurance reporting for airport-related regulatory
disclosures, as well as non-assurance services provided to the Corporate Taxpayers Group of which
the Company is a member. These services have not impaired our independence as auditor of the
Company and Group. In addition to this, partners and employees of our firm deal with the Company
and its subsidiaries on normal terms within the ordinary course of trading activities of the business of
the Company and its subsidiaries. The firm has no other relationship with, or interest in, the Company
or any of its subsidiaries.
Directors’ responsibilities for the interim financial statements
The directors are responsible on behalf of the Company for the preparation and fair presentation of
the interim financial statements in accordance with NZ IAS 34 Interim Financial Reporting and IAS
34 Interim Financial Reporting and for such internal control as the directors determine is necessary
to enable the preparation and fair presentation of the interim financial statements that are free from
material misstatement, whether due to fraud or error.
Auditor’s responsibilities for the review of the interim financial statements
Our responsibility is to express a conclusion on the interim financial statements based on our review.
NZ SRE 2410 (Revised) requires us to conclude whether anything has come to our attention that
causes us to believe that the interim financial statements, taken as a whole, are not prepared, in all
material respects, in accordance with NZ IAS 34 Interim Financial Reporting and IAS 34 Interim
Financial Reporting.
A review of the interim financial statements in accordance with NZ SRE 2410 (Revised) is a limited
assurance engagement. We perform procedures, primarily consisting of making enquiries, primarily
of persons responsible for financial and accounting matters, and applying analytical and other review
procedures. The procedures performed in a review are substantially less than those performed
in an audit conducted in accordance with International Standards on Auditing (New Zealand) and
consequently do not enable us to obtain assurance that we might identify in an audit. Accordingly we
do not express an audit opinion on the interim financial statements.
20Interim Financial Statements 2025

Restriction on use
This report is made solely to the Company’s shareholders, as a body. Our review has been undertaken so that
we might state to the Company’s shareholders those matters we are required to state to them in a review report
and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to
anyone other than the Company’s shareholders as a body, for our engagement, for this report, or for the
conclusions we have formed.
Andrew Dick
Partner
for Deloitte Limited
Auckland, New Zealand
21 February 2024
20
Auckland International Airport Limited
Restriction on use
This report is made solely to the company’s shareholders, as a body. Our review has been undertaken
so that we might state to the company’s shareholders those matters we are required to state to
them in a review report and for no other purpose. To the fullest extent permitted by law, we do not
accept or assume responsibility to anyone other than the company’s shareholders as a body, for our
engagement, for this report, or for the conclusions we have formed.
Andrew Dick, Partner
for Deloitte Limited
Auckland, New Zealand
19 February 2025
Interim Financial Statements 202521

Shareholder information
Reporting entity
The company was incorporated on 20 January 1988, under
the Companies Act 1955, and commenced trading on 1 April
1988. The company was re-registered under the Companies
Act 1993 on 6 June 1997. On 25 June 1998, the company
adopted a revised constitution, approved as appropriate for a
publicly listed company. Further revisions of the constitution
were adopted on
21 November 2000, 18 November 2002,
23 November 2004 and 23 October 2019 to comply with NZX
and ASX Listing Rule requirements.
The company was registered in Australia as a foreign company
under the Corporations Law on 22 January 1999 (ARBN 085
819 156) and was granted Foreign Exempt Listing Entity status
by ASX on 22 April 2016.
Stock exchange listings
The company’s shares were quoted on the NZX on 28 July
1998. The company’s shares were quoted on the ASX effective
1 July 2002. The company is not subject to chapters 6, 6A,
6B and 6C of the Australian Corporations Act dealing with the
acquisition of shares (i.e. substantial holdings and takeovers).
The total number of voting securities on issue as at
31 December 2024 was 1,681,824,789.
Auditors
Deloitte Limited has continued to act as external auditor of the
company and has undertaken a review of the interim financial
statements for the six months ended 31 December 2024. The
external auditor is subject to a partner rotation policy.
Credit rating
As at 31 December 2024, the S&P Global Ratings’ long-term
credit rating for the company was A- Stable Outlook.
Company publications
The company informs investors of the company’s business and
operations by issuing an annual report (with notice of meeting)
and interim financial statements.
Enquiries
Shareholders with enquiries about transactions, changes
of address or dividend payments should contact MUFG
Corporate Markets on +64 9 375 5998. Other questions
should be directed to the Company Secretary at the
registered office.
Share registrars
New Zealand:
MUFG Corporate Markets
Level 30, PwC Tower
15 Customs Street West
Auckland 1010
PO Box 91976
Auckland 1142
Australia:
MUFG Corporate Markets
Level 12
680 George Street
Sydney
NSW 2000
Locked Bag A14
Sydney South
NSW 1235
Financial calendarHalf-yearFull-year
Results announcementFebruaryAugust
Reports publishedFebruaryAugust
Annual meeting-October
Disclosure financial statements-November
22Interim Financial Statements 2025

Corporate directory
DIRECTORS
Julia Hoare, chair
Mark Binns
Mark Cairns
Grant Devonport
Dean Hamilton
Liz Savage
Tania Simpson
Christine Spring
SENIOR MANAGEMENT
Carrie Hurihanganui
chief executive
Stewart Reynolds
chief financial officer
Melanie Dooney
chief corporate services officer
Darren Evans
chief safety and risk officer
Chloe Surridge
chief operations officer
Scott Tasker
chief customer officer
Mark Thomson
chief commercial officer
Mary-Liz Tuck
chief strategic planning officer
Richard Wilkinson
chief digital officer
REGISTERED OFFICE NEW ZEALAND
4 Leonard Isitt Drive
Auckland Airport Business District
Manukau 2022
New Zealand
Phone: +64 9 275 0789
Freephone: 0800 Airport (0800 247 7678)
Facsimile: +64 9 275 4927
Email: tellus@aucklandairport.co.nz
Website: www.aucklandairport.co.nz
REGISTERED OFFICE AUSTRALIA
c/o KPMG
147 Collins Street
Melbourne
Victoria 3000
Australia
Phone: +61 3 9288 5555
Facsimile: +61 3 9288 6666
Website: www.kpmg.com.au
MAILING ADDRESS
Auckland International Airport Limited
PO Box 73020
Auckland Airport
Manukau 2150
New Zealand
COMPANY SECRETARY
Louise Martin
AUDITORS
External auditor – Deloitte Limited
Internal auditor – PwC
Share registry auditor – Grant Thornton
Interim Financial Statements 202523

---

•
•
•
•
•

•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•

•
•
•
•
•
•
•

•
•
•
•
•
•

•
•
•
•
•
•
•
•

•
•
•
•
•

•
•
•
•
•
•
•
•
•
•
•

•
•
•
•
•
•

•
•
•
•
•
•
•

•
•
•
•
•

•
•
•
•

•
‒
‒
•
•
•
•
•
•

••
•
•

•
•
•
•
•
•
•
•

$11.75
$15.24
$22.66
Auckland Airport
Christchurch Airport
Wellington Airport
$27.49
$36.70
$46.13
$56.00
$58.26
Perth Airport
Auckland Airport
Melbourne Airport
Sydney Airport
Brisbane Airport
•
‒
‒
•
•

•
•
•
‒
‒
•

•
•
•
•

---

Results announcement
(for Equity Security issuer/Equity and Debt Security issuer)
Name of issuer
Reporting Period
Previous Reporting Period
Currency
Amount (millions)
Revenue from continuing
operations
$499.9
Total Revenue$499.9
Net profit/(loss) from continuing
operations
$187.3
Total net profit/(loss) $187.3
Amount per Quoted Equity
Security
Imputed amount per Quoted
Equity Security
Record Date
Dividend Payment Date
Current period
Net tangible assets per Quoted
Equity Security
$5.98
A brief explanation of any of
the figures above necessary to
enable the figures to be
understood
Name of person authorised to
make this announcement
Contact person for this
announcement
Contact phone number
Contact email address
Date of release through MAP
Unaudited financial statements accompany this announcement.
20 February 2025
$0.02430556
n/a
n/a
Prior comparable period
$5.72
Refer to attached media release, unaudited Interim Financial Statements and
Results Presentation
Authority for this announcement
Louise Martin
Company Secretary
Stewart Reynolds
Chief Financial Officer
027 511 9632
investors@aucklandairport.co.nz
$0.06250000
Results for announcement to the market
Auckland International Airport Limited
6 months to 31 December 2024
6 months to 31 December 2023
NZD
Percentage change
13%
13%
58%
58%
Final Dividend

---

Distribution Notice



Section 1: Issuer information
Name of issuer Auckland International Airport Limited
Financial product name/description Ordinary shares
NZX ticker code AIA
ISIN (If unknown, check on NZX
website)
NZAIAE0002S6
Type of distribution
(Please mark with an X in the
relevant box/es)
Full Year Quarterly
Half Year X Special
DRP applies X
Record date Close of trading on 20 March 2025
Ex-Date (one business day before the
Record Date)
19 March 2025
Payment date (and allotment date for
DRP)
4 April 2025
Total monies associated with the
distribution
1

$105,114,049
Source of distribution (for example,
retained earnings)
Retained earnings
Currency NZD – New Zealand Dollar
Section 2: Distribution amounts per financial product
Gross distribution
2
$ 0.08680556
Gross taxable amount
3
$ 0.08680556
Total cash distribution
4
$ 0.06250000
Excluded amount (applicable to listed
PIEs)
$ N/A
Supplementary distribution amount $ 0.01102941
Section 3: Imputation credits and Resident Withholding Tax
5

Is the distribution imputed

Fully imputed
Partial imputation
No imputation

1
Continuous issuers should indicate that this is based on the number of units on issue at the date of the form
2
“Gross distribution” is the total cash distribution plus the amount of imputation credits, per financial product, before the deduction of Resident
Withholding Tax (RWT).
3
“Gross taxable amount” is the gross distribution minus any excluded income.
4
“Total cash distribution” is the cash distribution excluding imputation credits, per financial product, before the deduction of RWT. This should
include any excluded amounts, where applicable to listed PIEs.
5
The imputation credits plus the RWT amount is 33% of the gross taxable amount for the purposes of this form. If the distribution is fully imputed
the imputation credits will be 28% of the gross taxable amount with remaining 5% being RWT. This does not constitute advice as to whether
or not RWT needs to be withheld.

If fully or partially imputed, please
state imputation rate as % applied
6

28%
Imputation tax credits per financial
product
$ 0.02430556
Resident Withholding Tax per
financial product
$ 0.00434028
Section 4: Distribution re-investment plan (if applicable)
DRP % discount (if any)
2.5%
Start date and end date for
determining market price for DRP
20 March 2025 26 March 2025
Date strike price to be announced (if
not available at this time)
27 March 2025
Specify source of financial products to
be issued under DRP programme
(new issue or to be bought on market)
New Issue
DRP strike price per financial product
$TBC
Last date to submit a participation
notice for this distribution in
accordance with DRP participation
terms
21 March 2025
Section 5: Authority for this announcement
Name of person

authorised to make
this announcement
Louise Martin, Company Secretary
Contact person for this
announcement
Stewart Reynolds, Chief Financial Officer
Contact phone number +64 27 511 9632
Contact email address stewart.reynolds@aucklandairport.co.nz
Date of release through MAP

20 February 2025






6
Calculated as (imputation credits/gross taxable amount) x 100. Fully imputed dividends will be 28% as a % rate applied.