Most punctual hub in Europe underscores improving service – More flights are departing on-time from Heathrow this year versus any other major hub in Europe in a sign that our strategy to boost service levels is working. This strong performance is coupled with 98% of passengers waiting less than five minutes at security and circa 99% of bags travelling with their passengers. These achievements were most recently recognised earlier this year by Travel Weeklyreaders who awarded Heathrow Best UK Airport.
Robust H1 EBITDA – In the first six months of 2025, revenue grew 1.9% to £1,724 million (2024: £1,692 million). The higher revenue was driven by more long-haul flying and more passengers enjoying Heathrow’s world-class retail and food and beverage options. Adjusted operating costs increased by 3.2% to £765 million (2024: £741 million) due to higher maintenance costs to support operational performance, increased National Insurance contributions and higher electricity prices. Adjusted EBITDA increased 0.8% to £959 million (2024: £951 million). No dividend payments were made to Heathrow shareholders in Q2 2025.
Our next five-year investment plan will deliver the outcomes customers want – Our 2027-2031 investment plan is the next step in our strategy to become an extraordinary airport, fit for the future. Built around customer feedback and insight, our plan will improve passenger experience, boost operational resilience and enable airline growth. It is designed to be delivered affordably with the airport charge remaining competitive with global hubs and below what it was a decade ago. This private investment in UK infrastructure will boost jobs and drive growth in this Parliament. The CAA is now reviewing the plan.
Unlocking new capacity at the UK’s gateway to growth – We will submit our proposal to Ministers by July 31st on how we can secure long-term capacity growth at the UK’s hub airport. Our plans will be entirely privately financed and have the potential to kickstart economic growth across the whole of the UK from construction through to operation. Depending on the Government’s response, we would aim to meet their ambition to secure planning permission in this Parliament and for the runway to be operational by 2035. New capacity would boost competition and choice for consumers, drive economic growth for the UK and improve operational resilience at the UK’s hub airport.
Heathrow CEO Thomas Woldbye said:
“We are delivering on our vision to become an extraordinary airport, fit for the future. We are welcoming record passenger numbers and improving the services that matter most. Our new five-year investment plan will mean faster, more reliable journeys, more on-time flights and unlock room to grow – all while delivering better value for customers. We will soon submit our long-term expansion plans to the Government, providing the UK with the opportunity to stay competitive, boost jobs and drive nationwide growth. Heathrow has an exciting future ahead and we are ready to get going.”
As at or six months ended 30 June | 2025 | 2024 | Change (%) |
(£m unless otherwise stated) |
|
|
|
Revenue | 1,724 | 1,692 | 1.9 |
Adjusted EBITDA(2) (5) | 959 | 951 | 0.8 |
Cash generated from operations | 863 | 922 | (6.4) |
Profit before tax | 203 | 323 | (37.2) |
121 | 178 | (32.0) | |
Heathrow (SP) Limited consolidated nominal net debt(4) (5) | 15,126 | 14,698 | 2.9 |
Heathrow Finance plc consolidated nominal net debt(4) (5) | 17,054 | 16,630 | 2.5 |
Regulatory Asset Base(5)(6) | 21,029 | 20,422 | 3.0 |
Passengers (millions)(7) | 39.9 | 39.8 | 0.3 |
Tags: Thomas Woldbye, Heathrow Airport
