Groupe ADP — Airport Business Profile

Airports / Groupe ADP
Aviation Intelligence · Airport business profile

Groupe ADP

Paris gateways combine airline charges with retail and services; international concessions add scale and different regulatory exposures. Extime spend per passenger is a key commercial indicator.

France · global airport groupH1 2026

Business at a glance

Paris gateways combine airline charges with retail and services; international concessions add scale and different regulatory exposures. Extime spend per passenger is a key commercial indicator.

Operating footprint: Paris-CDG, Paris-Orly and international airport holdings

Managed airports and airport interests

Groupe ADP directly operates the Paris airports and participates in international airport operators through TAV Airports, GMR Airports and other concessions. An airport interest does not mean that Groupe ADP wholly owns or directly manages that airport.

Airport codes are IATA unless marked ICAO. Expand a portfolio below to see the airports and the group’s role.

France · ParisDirect airport operator
  • Paris Charles de Gaulle (CDG)
  • Paris Orly (ORY)
  • Paris Le Bourget (LBG)

Le Bourget serves business aviation and is outside the CDG–Orly commercial-passenger total.

Official portfolio source ↗

TAV Airports networkOperator / concession interests
  • Antalya, Türkiye (AYT)
  • Ankara Esenboğa, Türkiye (ESB)
  • Izmir, Türkiye (ADB)
  • Milas–Bodrum, Türkiye (BJV)
  • Gazipaşa–Alanya, Türkiye (GZP)
  • Almaty, Kazakhstan (ALA)
  • Medina, Saudi Arabia (MED)
  • Enfidha–Hammamet, Tunisia (NBE)
  • Monastir, Tunisia (MIR)
  • Tbilisi, Georgia (TBS)
  • Batumi, Georgia (BUS)
  • Skopje, North Macedonia (SKP)
  • Ohrid, North Macedonia (OHD)
  • Zagreb, Croatia (ZAG)

Antalya is a shared concession with Fraport. Country totals for Tunisia, Georgia and North Macedonia are not assigned to individual airports.

Official portfolio source ↗

GMR Airports networkOperating, development and technical-service roles through the GMR partnership
  • Delhi, India (DEL)
  • Hyderabad, India (HYD)
  • Manohar / Mopa Goa, India (GOX)
  • Kualanamu / Medan, Indonesia (KNO)
  • Nagpur, India (NAG) — GMR took over operations in June 2026
  • Bhogapuram / Visakhapatnam, India — greenfield operating concession
  • Bidar, India — regional airport operations
  • Mactan Cebu, Philippines (CEB) — technical-service provider
  • New Heraklion / Kastelli, Greece — airport development concession

GMR lists these distinct roles in its current portfolio. Cebu is a technical-services contract and New Heraklion is under development. The traffic table below covers the four GMR airports reported in ADP’s 2025 release.

Official portfolio source ↗

Other international airport interestsConcessions / partnerships
  • Santiago, Chile (SCL)
  • Queen Alia / Amman, Jordan (AMM)
  • Antananarivo Ivato, Madagascar (TNR)
  • Nosy Be, Madagascar (NOS)

Santiago is a shared concession with VINCI Airports; traffic is the airport’s full volume, not ADP’s proportional share.

Official portfolio source ↗

Belgium · LiègeMinority airport investment
  • Liège (LGG)

Cargo-focused airport. This interest is separate from ADP’s directly operated Paris airports.

Official portfolio source ↗

Individual airport information

Selected airport-level figures. Passenger numbers describe the whole airport, regardless of the group’s ownership percentage. m = million passengers.
Airport / codeCountryReporting periodPassengersAirport detail
Paris Charles de Gaulle · CDGFranceCalendar 202572,029,407+2.5% · 473,798 movements
Paris Orly · ORYFranceCalendar 202534,928,909+5.5% · 216,101 movements
Antalya · AYTTürkiyeCalendar 202539,160,491+2.7% · 228,910 movements; ADP/TAV reporting scope
Almaty · ALAKazakhstanCalendar 202511,930,941+4.4% · 95,176 movements
Ankara Esenboğa · ESBTürkiyeCalendar 202513,987,298+8.3% · 89,364 movements
Izmir · ADBTürkiyeCalendar 202512,660,080+10.0% · 77,866 movements
Milas–Bodrum · BJVTürkiyeCalendar 20254,412,884+2.1%
Gazipaşa–Alanya · GZPTürkiyeCalendar 20251,004,377−2.3%
Medina · MEDSaudi ArabiaCalendar 202511,891,855+9.0%
Zagreb · ZAGCroatiaCalendar 20254,721,564+9.4%
Delhi · DELIndiaCalendar 202578,148,081+0.4% · 453,413 movements
Hyderabad · HYDIndiaCalendar 202531,068,339+10.5% · 210,912 movements
Manohar / Mopa Goa · GOXIndiaCalendar 20255,096,763+7.8%
Kualanamu / Medan · KNOIndonesiaCalendar 20257,029,972−1.4%
Santiago · SCLChileCalendar 202526,518,580+1.0% · 162,332 movements
Queen Alia / Amman · AMMJordanCalendar 20259,789,851+11.3% · 80,565 movements

Figures follow ADP’s traffic definition. Shared concessions can also appear on other group profiles and must not be added together across groups. The 2025 Madagascar total combines Antananarivo and Nosy Be; no individual split is assigned here.

Portfolio research checked 30 September 2026. An unavailable airport metric is left unreported; group financials are not allocated by passenger share.

Key operating and financial figures

179.2mGroup passengers
51.6mParis passengers
€3,215mGroup revenue
€1,015mRecurring EBITDA
€31.0Extime Paris spend / PAX
€9,052mNet debt

Source: Groupe ADP H1 2026 results. Currency and non-GAAP definitions follow the operator’s release.

Annual operating and business performance

Performance over time

Calendar years · year ended 31 December
Traffic covers Paris-Charles de Gaulle and Paris-Orly. Revenue, EBITDA, profit and debt cover Groupe ADP.

Paris airport passengers

million · annual107.0 2025
Groupe ADP — Paris airport passengersAnnual history in million. Values are in the full-year history table below. Missing values are not connected.0.059.91202021: 41.9 million2022: 86.7 million2023: 99.7 million2024: 103.4 million2025: 107.0 million20212022202320242025

Group revenue

€m · annual6,704.0 2025
Groupe ADP — Group revenueAnnual history in €m. Values are in the full-year history table below. Missing values are not connected.0.03,7547,5082021: 2,777.0 €m2022: 4,688.0 €m2023: 5,495.0 €m2024: 6,158.0 €m2025: 6,704.0 €m20212022202320242025

EBITDA / recurring EBITDA

€m · annual2,322.0 2025
Groupe ADP — EBITDA / recurring EBITDAAnnual history in €m. Values are in the full-year history table below. Missing values are not connected.0.01,3002,6012021: 751.0 €m2022: 1,704.0 €m2023: 1,956.0 €m2024: 2,068.0 €m2025: 2,322.0 €m20212022202320242025

Extime Paris sales per passenger

€ · annual31.7 2025
Groupe ADP — Extime Paris sales per passengerAnnual history in €. Values are in the full-year history table below. Missing values are not connected.0.018.036.02021: 25.4 €2022: 27.4 €2023: 30.6 €2024: 32.1 €2025: 31.7 €20212022202320242025

Charts use annual results. Gaps indicate unavailable values; the table shows the annual series.

Full-year history

Read across the years to compare traffic, income and the economics of the airport business. Scroll horizontally on smaller screens.

Calendar years · year ended 31 December. Amounts are nominal, in the currency shown. — = no verified comparable value included. Display values are rounded.
Indicator / unit20212022202320242025
Paris airport passengersmillion · Traffic41.986.799.7103.4107.0
Traffic growth, calculated% · Traffic—106.915.03.73.5
Group revenue€m · Financial2,777.04,688.05,495.06,158.06,704.0
EBITDA / recurring EBITDA€m · Financial751.01,704.01,956.02,068.02,322.0
Net income, group share€m · Financial-248.0516.0631.0342.0382.0
Extime Paris sales per passenger€ · Commercial25.427.430.632.131.7
Net debt€m · Capital8,011.07,440.07,934.08,572.08,625.0

Traffic growth is calculated from consecutive years in the traffic series above and may differ slightly from growth rates published using unrounded or adjusted figures. The first year has no preceding year in this table.

What the numbers say

Paris traffic more than doubled from the pandemic-affected 2021 base. Group revenue and EBITDA continued to rise through 2025.

Extime sales per passenger improved strongly before easing in 2025. Net income did not follow EBITDA in a straight line: the 2024 Indian restructuring and 2025 tax and currency effects matter.

Historical sources and comparability

  • EBITDA is presented under the recurring EBITDA terminology used in the later releases. Paris traffic is narrower than the consolidated financial perimeter.
  • Extime sales per passenger uses the operator’s eligible international departing passenger denominator. It is not revenue divided by all Paris passengers. Figures are reported annual results, rather than a reconstruction at constant exchange rates or perimeter.
  • Annual history is separate from the latest interim or rolling-period snapshot. Operator definitions and reporting perimeters differ, so these profiles are not a like-for-like league table.

What drives the airport business

01

Compare Paris traffic with the wider group perimeter before drawing growth conclusions.

02

Monitor Extime spend per passenger and changes in retail mix.

03

Assess concession investment and leverage alongside recurring EBITDA.

Source and method

This profile uses the operator’s own published figures. Group metrics are not assigned to an individual airport. Passenger volume is an activity measure, not revenue; construction-accounting and adjusted-profit labels follow the source. Where a comparable financial measure is not publicly available, it is not estimated.

Read the official Groupe ADP H1 2026 results ↗
Research snapshot · 30 September 2026 · Aviation Intelligence

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