Acsa delivers record-breaking R1.1b profit

Airports Company South Africa (ACSA) has delivered a landmark financial performance for the year ended March 31, 2025 reporting a record net profit of R1.1 Billion, more than double the R472 million achieved in 2023/24.

This milestone signals more than just financial resilience, it is a powerful testament to black excellence and the organisation’s stature as one of South Africa’s best-performing state-owned entities. Beyond the numbers, this achievement reaffirms ACSA’s role as custodian of critical national infrastructure and as a key driver of SA’s economic growth, connectivity, and global competitiveness.

Revenue grew by 13% to R7.9 billion (2023/24: R7.0 billion), underpinned by strong performance across both aeronautical and non-aeronautical streams, with the latter now contributing 49% of total revenue. Earnings before interest, tax, depreciation and amortisation (EBITDA) rose to R2.9 billion, reflecting a healthy margin of 37%, while net profit climbed to R1.1 billion, driven by disciplined cost management and strengthened internal controls.

Capital expenditure rose to R861 million (2023/24: R568 million), reaffirming ACSA’s commitment to renewing and expanding airport infrastructure in support of operational excellence and long-term growth. The company’s balance sheet remains strong, with total assets of R32 billion, a net debt-to-capitalisation ratio of just 8%, and liquidity of R3.4 billion at year-end, ensuring substantial coverage for future investments.

In recognition of its strengthened financial position, the ACSA Board has approved the payment of R198 million in accrued preference share dividends and declared R113 million in ordinary share dividends for 2024/25. This marks a sharp improvement from 2023/24, when total dividends amounted to R815 million, comprising R768 million for preference shares and R47 million for ordinary shares. The year-on-year growth in ordinary dividends reflects not only ACSA’s stronger balance sheet but also the company’s sustained recovery and renewed capacity to deliver value to shareholders.

Commenting on the results, ACSA Chief Executive Officer, Ms. Mpumi Mpofu, said, “Our performance this year has been a story of contrasts, strong financial delivery on one hand, and operational headwinds on the other. It has demanded from us commercial discipline, executional rigour, and also humility and renewed accountability.”

“While these challenges were significant, they taught us valuable lessons to focus on preventative maintenance and avoid service disruptions for our stakeholders the airlines and passengers. This we will achieve through continuous improvement, targeted infrastructure investment and enhanced operational readiness and customer experience. ACSA’s performance demonstrates disciplined financial management and a successful strategy of revenue and services diversification.”

Mpofu added, “Our financial results are not only a testament to the resilience of ACSA but also a reflection of South Africa’s broader aviation recovery. With a clear strategy to ‘Innovate, Grow and Sustain,’ we are well positioned to support national priorities, foster economic growth in trade and tourism through a modernised aviation sector.”

Looking ahead, ACSA is positioning itself as a future-ready airport operator through a R21.7 billion capital investment pipeline over the next five years, with flagship projects at O.R. Tambo International Airport (ORTIA), Cape Town International Airport (CTIA) and other key regional airports. This investment is complemented by a sharpened focus on innovation and digitisation, including partnerships with the CSIR and The Innovation Hub to drive aviation research, predictive maintenance, and biometric-enabled passenger journeys.

At the same time, ACSA is strengthening supply chain governance and transformation to ensure that small, medium, and micro enterprises, particularly those owned by women, youth, and people with disabilities benefit from its procurement footprint.

As a state-owned company, ACSA carries a multi-faceted mandate: to enable trade and tourism, ensure safe and efficient air travel, and support South Africa’s broader economic development and global connectivity. ACSA will continue to build on this momentum, deploying advanced systems, embracing renewable energy solutions, and aligning with South Africa’s just energy ransition. In doing so, we aim not only to strengthen our resilience and governance, but also to position ACSA as a trusted, sustainable gateway for trade, tourism, and global connectivity—driving growth that endures well beyond the numbers.