ACSA has returned to profitability

State-owned Airports Company South Africa (ACSA) has announced that it returned to profit in the financial year 2023/24. In 2023/24 it recorded a profit before tax of R1.4-billion (compared with a loss of R246-million in the 2022/23 financial year) and a profit after tax of R472-million (as against a loss of R466-million during the previous financial year). This was the group’s first after-tax profit since its 2020 financial year. Revenues rose 16% from R6-billion in 2022/23 to R7-billion in 2023/24. Earnings before interest, taxes, depreciation and amortisation jumped 51% year-on-year, from R1.9-billion in 2022/23 to R2.9-billion in 2023/24. The group’s debt burden decreased from 24% to 17%.