Airports Company South Africa (ACSA) has delivered a landmark financial performance for the year ended 31 March 2025, reporting a record net profit of R1.1 billion, more than double the R472 million achieved in 2023/24 financial year.
According to a statement issued by the state-owned entity, this financial 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 South Africa’s economic growth, connectivity, and global competitiveness,” the statement read.
The statement explained that the entity’s revenue grew by 13% to R7.9 billion, driven 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,” the statement explained.
The statement explained that ACSA’s commitment to renew and expand airport infrastructure for long-term growth led to capital expenditure rising to R861 million (2023/24: R568 million).
The statement noted that ACSA has 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.
Commenting on the results, ACSA Chief Executive Officer, 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, operational rigor, 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. We will achieve this 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.”
