2025 was a year driven by new dynamics within Groupe ADP and the beginning of a structural transformation of our
industrial, social and operational model. The Connect France partnership to strengthen the competitiveness of the
Air France hub, the agreement signed with several trade unions to update the compensation policy, and the launch
of simpler naming and passenger journey at Paris-Charles de Gaulle airport are just a few examples.
The Group posted a solid financial performance, meeting its 2025 targets.
In 2025, we welcomed almost 379 million passengers across our airports, 4,2 % more than in 2024. In Paris, traffic was
up 3,4 %, with 107 million passengers. Spend per PAX for Extime Paris, at €31.7, proved resilient in spite of
unfavourable macroeconomic trends. Recurring EBITDA rose by 12.3% to reach €2,322 million, reflecting the
momentum of international activities, the Group's financial discipline and the scope effect resulting from acquisitions
made in 2024.
Net income stood at €382 million, reflecting the impact of higher taxation in France, as well as the accounting
impacts linked to abnormally high volatility in exchange rates. In line with our payout policy, it is intended that a
dividend of €3.0 per share will be proposed for approval at the next Annual General Meeting.
The proposed Economic Regulation Agreement, presented in December and currently under discussion, is aimed to
come into force in 2027. The investment programme proposed under this agreement is designed to support the
environmental transition of the air transport sector, adapt infrastructure to traffic growth and boost the
competitiveness of the Paris hub. Groupe ADP is firmly committed to a long-term strategy.
The Group has also embarked on the preparation of its next strategic plan for the 2027–2030 period. This will take the
form of an ambitious action plan, to align all its activities with a new value creation cycle for all stakeholders.
We are carrying out this work with confidence and determination, driven by passionate teams, solid fundamentals
and a clear long-term vision.
Philippe Pascal,
Chairman and Chief Executive Officer