Acsa, South Africa’s airport operator, has reported a remarkable financial turnaround for the year ending March 2025. The company made a net profit of R1.1 billion, more than twice the R506 million it earned last year. This strong performance was driven by increased air traffic, higher tariffs, and better trading conditions.
Total revenue rose by 13% to R7.9 billion, supported by a 13.2% rise in aeronautical income, thanks to more flights, a 4% increase in departing passengers, and a 10.1% tariff increase. Non-aeronautical income, from retail and property rentals, also grew by nearly 12%, helping boost overall earnings. The group’s earnings before interest, tax, depreciation, and amortisation (EBITDA) increased by 3.8% to R2.9 billion, despite rising operating costs.
The company’s CEO, Mpumi Mpofu, said the strong results were thanks to their strategic “Innovate, Grow, and Sustain” plan, which helped stabilise the business and improve long-term sustainability. However, the year wasn’t without challenges — there were disruptions such as fuel shortages after a fire at the Natref refinery, and disputes with service providers, which caused some operational headaches. Despite these setbacks, the company learned valuable lessons to improve maintenance and customer service.
Acsa also increased its capital spending from R568 million to R861 million, focusing on infrastructure upgrades and technology improvements. These investments aim to prepare for future growth and international events like the G20 summit. The group’s debt levels improved, with its gearing ratio dropping from 17% to just 8%, supported by gains on property investments and reduced credit losses.
The company’s auditors issued an unqualified opinion, although they flagged some restatements of past figures and irregular expenditure adjustments, including R134 million in unpaid security costs and R17 million in interest charges. Acsa is actively working to enhance passenger experience, with upgrades to airport facilities, safety systems, and infrastructure ongoing through 2025 to 2027.
Overall, Acsa’s strong financial performance and ongoing investments signal confidence in a steady recovery and growth in air travel, with major projects underway to modernise airports and improve passenger comfort across the country.