Debt Reduction Plan

Management’s 2025 earnings call highlighted strategic moves aimed at reducing the net debt‑to‑EBITDA ratio below 5× by 2027, paving the way for a dividend payout policy of 60–80 % in 2028. Free cash flow is projected to exceed €200 million in 2026, driven by EBITDA growth and controlled capital expenditures. The company has secured a ground‑handling agreement with Lufthansa Cargo and is negotiating a passenger handling contract, targeting profitability from these contracts. Risks cited include geopolitical tensions that could depress traffic and fuel prices, pressure on airline tariffs that may erode revenue, and stagnant duty‑free retail growth threatening non‑aviation income. Despite these challenges, Fraport’s leadership remains confident in navigating market complexities to meet its financial targets and support long‑term growth.