CEO reflects on ‘transformational’ year for Fraport AG

Fraport CEO, Dr Stefan Schulte, will today reflect on a successful 2025 and current aviation challenges at the company’s 25th regular Annual General Meeting (AGM) at Frankfurt Airport.

He opened by describing 2025 as a transformational year for Fraport as after a decade of major investments and amidst geopolitical challenges, it achieved major milestones and laid important foundations for the future.

Fraport, for example, successfully achieved comprehensive capacity expansions in Lima and Antalya, while it has also completed the construction of Terminal 3 at Frankfurt.

With these developments, the Group has paved the way for further organic growth at Fraport’s largest group airports.

Schulte noted: “At the same time, we’re reaching the end of the most comprehensive investment program in Fraport AG’s history. We will realise major economic benefits from this investment over the medium to long term.

“Free cash flow is already reflecting the benefits of this transition.”

For the first time since 2018, Fraport recorded a positive free cash flow in 2025. Another key indicator, the net debt-to-EBITDA ratio, also benefitted from the completion of major investments in expansion.

This ratio declined significantly to 5.7. Once this value falls below five, the company plans to increase its dividend payments from the current €1.00 per share.

CEO Schulte explained: “If we reach this target, we will have the necessary leeway to significantly increase the distribution ratio per Fraport share to a level of 60% to 80%.”

For the current fiscal year, the company confirmed its financial guidance, subject to further developments in geopolitical tensions in the Middle East.

Schulte commented: “The current upheaval resulting from the Iran war has had a limited impact on us so far. However, the consequences of a prolonged conflict, with potential reductions in demand, are impossible to predict with any certainty.”

Following today’s Annual General Meeting, Supervisory Board chairman Michael Boddenberg will step down from his board position after six years of service.

Professor Dr R. Alexander Lorz, the current Hessian Minister of Finance, is being nominated for election to the Supervisory Board. Should he be elected to the Supervisory Board, he will also be recommended as Boddenberg’s replacement.