Airports of Thailand Public Company Limited (SET: AOT) has delivered a financial performance for the second quarter of fiscal year 2026 (FY2Q26), with net profit rising 13.16% year-on-year to Baht 5,718.03 million. This represents a significant jump from the Baht 5,053.27 million recorded in the same period last year. Earnings per share followed suit, climbing to Baht 0.40 from Baht 0.35 in FY2Q25.
The profit surge was underpinned by a steady recovery in air travel. Total revenues from sales or services reached Baht 18,443 million, a 3% increase over the corresponding period. Growth was primarily driven by the aeronautical sector, which saw revenue climb 4.72% to Baht 9,827 million. This segment benefited from a 5.82% increase in total passengers and a 4.04% rise in total flights, directly boosting departure passenger service charges and landing fees. Non-aeronautical revenue saw a marginal 1.10% increase to Baht 8,616.15 million; while service revenues grew 4.27% due to higher passenger volumes, concession revenues dipped by 0.76%, primarily due to a decline in duty-free income.
AOT demonstrated strong cost discipline, as total expenses rose by only 0.53% to Baht 11,018.54 million. Although employee benefit expenses increased by Baht 213.27 million due to annual merit adjustments, and repairs and maintenance costs rose by Baht 117.98 million, these were largely offset by a Baht 161.03 million decrease in depreciation and amortisation. Furthermore, finance costs fell by 9.17% and income tax expenses dropped by 9.52%, further shielding the bottom line.
