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Hawke’s Bay Airport has published its FY2025 Annual Report, covering the 12 months to June 30, 2025.
Airport chair Jon Nichols says Hawke’s Bay Airport continues to evolve as a vital regional asset, resilient in the face of national aviation headwinds and soft economic conditions.
“The combination of economic recession and domestic aviation capacity challenges have impacted passenger numbers, down 7 per cent on last year,” says Jon.
“While the economy and appetite for travel are expected to remain soft for the short to medium term, Hawke’s Bay’s broad appeal as a destination and its diverse visitor mix gives us confidence in a stable outlook and future growth.”
Following the appointment of new chief executive Nick Flack, the airport has refreshed its strategic direction.
“Under Nick’s leadership our goal is to grow as a strategic regional asset that connects people, business and our region in meaningful ways. We want to support and contribute significantly to the Hawke’s Bay economy,” says Jon.
Key highlights for FY2025
612,000 passengers, down 8 per cent on Statement of Intent (SOI) target and 7 per cent on last year (655,000)
Revenue: $14.8 million – down on SOI target of $15.5 million, up on prior year ($13.0 million)
EBITDA: $8.5 million – up from last year ($7.3 million)
NPAT: $3.3 million – up on SOI target of $2.8 million
Completed airfield power and lighting upgrade
Purchased new fire truck
Began construction on new fire station
Retained ACA Level 4+ transition sustainability rating
Nick says the net profit after tax of $3.3 million exceeded expectations, with a $400,000 improvement on the SOI target due to favourable interest rates and fair value gains on property.
“Alongside pleasing financial performance, we made excellent progress in our capital works programme, with significant steps taken to future-proof our operations as well as enhance reliability and safety,” says Nick.
“We’ve also advanced our health and safety capability and implemented a three-year plan for safety improvement across our site. Additionally, we’ve invested significantly in our people and systems, setting ourselves up to support a high-performing team in the years ahead.”
Nick says collaboration remains essential for the airport’s success and long-term regional prosperity.
“Achieving regional prosperity is a collective effort, and we want to see growth in visitor numbers through initiatives like major regional and business event attraction.
“Hawke’s Bay Airport wants to work collaboratively with councils, iwi, government and industry partners to support joined-up, aspirational regional planning, and play an active role in the economic and social development of Hawke’s Bay as a region.”
