Auckland International Airport Ltd

Auckland International Airport Ltd maintains a conservative capital structure with a debt-to-equity ratio of 0.24 and a current ratio of 1.04. The balance sheet shows total assets of NZD 14.06 billion against total liabilities of NZD 3.59 billion, resulting in total equity of NZD 10.47 billion. Long-term debt stands at NZD 2.49 billion, while cash and equivalents are NZD 560.2 million, leading to a negative net cash position. Liquidity risk is assessed as medium, reflecting the tight current ratio and negative net cash status.

Profitability metrics indicate modest returns on capital, with a return on equity of 4.02% and a return on assets of 2.99%. The company generated NZD 1.00 billion in revenue, resulting in a gross profit of NZD 818.7 million and an operating income of NZD 497.6 million. Net income reached NZD 420.7 million, demonstrating strong conversion from operating income to the bottom line. However, free cash flow was negative at NZD -469.4 million, driven by significant capital expenditures of NZD 937.8 million against operating cash flow of NZD 474.3 million.

Segment and geographic revenue breakdowns are not provided in the available data, preventing analysis of revenue concentration or regional exposure. The company's primary activity is identified as transportation infrastructure, suggesting revenue is derived from airport operations, but specific segment contributions are absent.

Growth trajectory analysis is limited due to the absence of historical period data. The latest financial snapshot provides a single-period view of revenue and net income, but no year-over-year or multi-year trends are available to assess growth momentum or cyclicality.

Risk assessment highlights medium liquidity risk and unknown dilution risk, as basic and diluted share counts are missing. Key flags include the negative net cash position and the inability to assess dilution risk accurately. The lack of share count data prevents a complete evaluation of equity-based compensation or potential share issuance impacts.

Recent observations include analyst estimates with a mean price target of NZD 8.64 and a median target of NZD 8.58, ranging from a low of NZD 8.12 to a high of NZD 9.31. The mean recommendation is 2.86, indicating a neutral stance, with two buy ratings and four hold ratings, and no strong buy recommendations. No specific filing, news, or transcript observations are provided to detail recent corporate events or management signals.

Revenue grew 37.5% annually over four years, reaching NZD 1.0 billion in fiscal 2025.

Net income surged 7,549% year-over-year to NZD 420.7 million in fiscal 2025.

Debt-to-equity ratio of 0.24 is below the cohort median of 0.32, suggesting lower leverage risk.

Free cash flow turned negative, reaching NZD -469.4 million in fiscal 2025.

Long-term debt increased to NZD 2.49 billion in fiscal 2025, up from NZD 1.39 billion in 2021.

Return on equity of 4.0% falls below the cohort median of 8.1%.

The company faces medium liquidity and credit risk flags according to internal assessments.

Revenue NZD 1.00B, +12,2% YoY; Operating income +14,5% YoY.

• ▍Revenue NZD 1.00B, +12,2% YoY
• ▍Operating income +14,5% YoY
• ▍Net income +7 549,1% YoY
• ▍Free cash flow +39,3% YoY
• ▍Net margin 41.9%

Revenue NZD 895.5M, +43,1% YoY; Operating income +84,0% YoY.

• ▍Revenue NZD 895.5M, +43,1% YoY
• ▍Operating income +84,0% YoY
• ▍Net income −87,3% YoY
• ▍Free cash flow −179,5% YoY
• ▍Net margin 0.6%

Revenue NZD 625.9M, +108,4% YoY; Operating income +687,3% YoY.

• ▍Revenue NZD 625.9M, +108,4% YoY
• ▍Operating income +687,3% YoY
• ▍Net income −77,5% YoY
• ▍Free cash flow −446,2% YoY
• ▍Net margin 6.9%

Revenue NZD 300.3M, +6,8% YoY; Operating income −23,7% YoY.

• ▍Revenue NZD 300.3M, +6,8% YoY
• ▍Operating income −23,7% YoY
• ▍Net income −58,7% YoY
• ▍Free cash flow −82,1% YoY
• ▍Net margin 63.8%

Revenue NZD 281.1M; Operating income NZD 39.3M.

• ▍Revenue NZD 281.1M
• ▍Operating income NZD 39.3M
• ▍Net margin 165.1%