TAV Airports announced a net loss of 1.21 billion TL in the final quarter of 2025. The 12-month net profit amounted to 2.82 billion TL, while financial debt stood at 90.47 billion TL.
Higher-Than-Expected Loss from TAV in the Final Quarter
TAV Airports Holding Inc. shared its final quarter and 12-month financial results for 2025 with the public. According to the disclosed data, the company recorded a net loss of 1.21 billion TL in the last three months of the year.
Market expectations had pointed to a loss of 0.37 billion TL. Thus, the actual loss came in above consensus estimates.
12-Month Net Profit: 2.82 Billion TL
TAV generated a net profit of 2.82 billion TL for the full year. However, the weak performance in the final quarter drew attention.
- Final quarter net operating profit: 2.00 billion TL
- Quarterly decline rate: 75.3%
Equity attributable to the parent company decreased by 462.2 million TL on a quarterly basis, declining by 0.6%.
- Financial Debt: 90.47 Billion TL
- TAV’s total financial debt stands at 90.47 billion TL.
- Financial debt / total assets ratio: 35.9%
- Quarterly debt increase: 575.4 million TL (0.6%)
The capacity of net operating profit generated in the last three months to cover financial debt was calculated at 2.2%.
Liquidity and Cash Position
- Cash and cash equivalents: 24.00 billion TL
- Short-term financial investments: 5.05 billion TL
- Total liquid assets: 29.05 billion TL
This amount decreased by 1.22 billion TL compared to the previous quarter.
Trade Receivables Position Weakened
- Trade receivables: 7.74 billion TL
- Trade payables: 4.85 billion TL
- Net trade receivables: 2.89 billion TL
In the previous quarter, net trade receivables stood at 5.05 billion TL.
- Financing Expenses: 10.44 Billion TL
In the last 12-month period:
- Net income from investment activities: 2.34 billion TL
- Loss from investments accounted for using the equity method: 2.44 billion TL
- Net financing expense: 10.44 billion TL
Financing expenses continued to be a determining factor on profitability.
https://www.airportgundem.com/tav-2025-son-ceyrek-zarari-beklentiyi-asti/
