Aena Sme S.A Unsp/Adr

Hello and thank you for standing by. My name is Charlie and I'll be your conference operator today. At this time, I would like to welcome everybody to the INRS H1 2026 results presentation. All lines have been placed on mute to prevent any background noise. After the speaker's remarks, there will be a question and answer session. If you'd like to ask a question during this time, simply press star followed by one on your telephone keypad. And to withdraw your question, simply press star followed by two. I'd now like to turn the conference over to Carlos Galejo, Head of IR. Please go ahead.

CARLOS GALLEJO Good afternoon and welcome to our first half of the 2016 results presentation. This is Carlos Gallego, Head of Industrial Relations. It's a pleasure to be with you today. Joining us today are Javier Marin, our Executive Vice Chairman, and our CFO, Itacio Castejon. We will review the main highlights of the results presentation, and after that, we will open the floor to your questions. As usual, in order to keep the call on schedule, we kindly ask participants to limit themselves to one question at a time. Without further ado, I will now hand the call over to Javier Marin. Thank you.

Thank you very much, Carlos. Good afternoon, and thank you for joining us for the presentation of ENA's results for the first half of 2026. First of all, I would like to apologize on behalf of our chairman, Maurici Lucena, who was feeling unwell last night. Nothing serious, but he is unable to attend this conference today. Today's session will focus on the main operational and financial developments during the period. I will begin by reviewing the main highlights of the period. After that, our CFO, Nacho Castejon, will go through the figures and the main business lines in greater detail. Starting by traffic across the AENA group, passenger traffic reached 190 million passengers during the first half of 2026, an increase of 3.9% compared with the same period last year. This comparison includes Leeds-Bradford Airport passenger traffic in the first half of 2025 on a pro forma basis, although the acquisition was completed on 7 May 2026. In Spain, our airport network handled 156.2 million passengers representing a 3.7% increase compared with the first half of 2025. Growth was again driven mainly by international traffic, 5.1%, while domestic traffic increased by 0.9%. Looking ahead, Our traffic outlook for AENA's Spanish Airport Network for 2026 needs to take into consideration several factors. Prior to the Strait of Hormuz crisis and during the first few months of the year, traffic growth remained below 3%, broadly in line with AENA's expectations. However, following the crisis, a diversion of traffic towards Spain has been observed, as the country has been perceived as a safe tourist destination, supported by capacity deployment from airlines such as Wizz Air, Jet2 and Vinter, and as a result of that, since March, growth rates have been above the 3% level.