REG - Gatwick Funding Ltd - Annual results publication - Ivy Holdco Limited

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11/03/2026 08:15

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RNS Number : 1206W  Gatwick Funding Limited  11 March 2026

RNS Number: 1206W

Gatwick Funding Limited

11 March 2026

Issuer: Gatwick Funding Limited

Date: 11 March 2026

      Gatwick Funding Limited (the "Issuer")

       a company incorporated in Jersey (registered number 107376)

Annual results publication - Ivy Holdco Limited

The Issuer's parent, Ivy Holdco Limited, today publishes its Annual Report and
consolidated financial statements for the year ended 31 December 2025.

The Ivy Holdco Limited report and financial statements consolidate the results
of Ivy Holdco Limited, the Issuer, Ivy Bidco Limited and Gatwick Airport
Limited. These financial statements and a related investor presentation are
available on the Gatwick Airport Limited website at
www.gatwickairport.com/investor (http://www.gatwickairport.com/investor)

 

Financial results for the year ended 31 December 2025

Strong 2025 performance as investment, innovation and operational
excellence positions London Gatwick for future growth

 

·    A growing network of 227 global destinations and eight new
airline partnerships secured including Jet2  

·    Record-breaking runway efficiency combined with innovative technology
will deliver increase in maximum aircraft movements per hour for
2026 

·    Northern Runway Project green-lit by government unlocking potential
for much needed additional capacity, and muti-million-pound boost to local
and national economy 

 

Pierre-Hugues Schmit, London Gatwick Chief Executive, said: "London Gatwick
delivered a strong performance in 2025, continuing to invest and innovate
while driving productivity and efficiency across the business. These
achievements are underpinned by our commitment to sustainability, and I want
to thank all my colleagues for their dedication and hard work across the
year. 

"Our focus on excellent passenger service is unwavering. During the year we
opened our newly refurbished assisted travel lounge and also completed an
upgrade to the departure lounge in our South Terminal, alongside welcoming a
variety of new retail partners.  

"Looking ahead, the development plans for the Northern Runway detail how we
intend to unlock further growth for the airport, our local communities and
the national economy. I am very excited for 2026 which is set to
be a transformative year as we remain focused on making London Gatwick
the airport for everyone, whatever your journey."  

London Gatwick delivered a strong financial performance in
2025 underpinned by excellent passenger service, optimised
operational performance and expansion of its long-haul offer.  

London Gatwick also received planning consent from the Government for its
transformative Northern Runway Project, as well as welcoming a new Chief
Executive, Pierre-Hugues Schmit, who succeeded Stewart Wingate in
September 2025. 

The business' Annual Financial Statements for 2025
(https://www.gatwickairport.com/company/about-us/investors.html)   published
today (11 March 2026) show:   

·      Revenue at £1,132.1m (+0.2%), driven by diversifying airline
mix and greater passenger choice 

·      Profit for the year was £334.7m (-2.4%), with EBITDA at £671.6m
(-1.2%) 

·      Passenger numbers at 42.8m (down 1.1%), with strong long-haul
growth of 3.3%, while short-haul
numbers were impacted by temporary issues related
to aircraft availability (-1.9%) 

·      Particularly strong year-on-year growth in markets to
Sub-Saharan Africa (22%), the Far East and South Asia (24%), and
Middle East and Central Asia (17%) 

Record-breaking efficiency and innovation 

London Gatwick's world-leading runway efficiency and optimisation means it
will see an increase from 55 (2025) to
57 maximum scheduled aircraft movements per hour in 2026, following
air traffic control and airfield innovations.  

These investments - and excellent collaboration with airlines and National Air
Traffic Services (NATS) - helped to deliver the best On Time
Departures performance for a decade (excluding the pandemic) with an
11-percentage point increase on 2024.  

London Gatwick also became the world's first single-runway airport to
introduce time-based separation allowing an increase in the number of
arrivals and departures per hour. 

Investment driving future growth 

In its recently published 2025 Capital Investment Programme
(https://www.gatwickairport.com/company/future-plans.html)  London Gatwick
details its ambitious and comprehensive £1.9bn pre-Northern Runway investment
plans including major projects to expand both departure lounges, add new
taxiways and decarbonise airport operations while maintaining focus on
passenger service, operational excellence and sustainable growth. 

In line with this Programme, during 2025, the airport:  

·      Recorded the highest number of airlines
to have operated from the airport in a calendar
year (57) with 227 destinations offering a rich mix of long and
short-haul routes 

·      Secured new airline partnerships including Jet2 which will
fly six aircraft serving 29 destinations starting later this month
(March 2026)   

·      Completed upgrades to departure lounges in both the North and
South Terminals 

·      Delivered a new multi-million-pound 'Next Generation' security
scanner instalment on budget and ahead of deadline 

·      Completed the groundwork for the 'Pier 6' extension which
will provide eight new aircraft stands, ready for summer 2027 

Northern Runway Project  

In September 2025, Secretary of State for Transport Heidi Alexander granted
consent to bring London Gatwick's existing Northern Runway into routine use
(https://www.mediacentre.gatwickairport.com/news/london-gatwick-welcomes-government-approval-of-northern-runway-plans-4279b-40f32.html)
 alongside its Main Runway.  

London Gatwick is accelerating detailed logistical planning and design work
for its Northern Runway plans, as it prepares to move into the delivery
phase. 

The £2.2bn privately financed development is projected to create more than
14,000 additional jobs and generate £1bn per year in economic benefits
for the region.  

Committed to sustainability  

In 2025 London Gatwick became the first airport to achieve globally recognised
PAS 2080 certification
(https://www.mediacentre.gatwickairport.com/news/london-gatwick-set-to-deliver-low-carbon-expansion-as-it-becomes-world-s-first-airport-to-achieve-globally-leading-standard-for-carbon-management-in-construction-e8ce7-40f32.html)
 for cutting carbon emissions across the entire asset lifecycle. This
recognises work to reduce and manage construction related carbon - from
planning and design to construction, operation and
decommissioning.  

The airport also issued a second €750m sustainability-linked
bond demonstrating its strong commitment to reducing emissions, as well
as making significant progress on decarbonisation of heat and expanding
its fleet of electric vehicles which is projected to number 300 by
2030.  

Further details of what the airport is doing to meet the 10 sustainability
goals it has pledged to achieve before 2030 have also been published today in
its 2025 Decade of Change Report
(https://www.gatwickairport.com/company/sustainability.html) .  

NOTES

About London Gatwick

With around 43m annual passengers, London Gatwick is the UK's second largest
and one of Europe's top airports. It is a vital piece of national
infrastructure that drives both the national and regional economies by
generating £5.5bn GVA and supporting over 76,000 jobs (2023). More than 60
airlines fly from the airport to over 160 short-haul and more than 50
long-haul destinations. With a declared maximum capacity of 57 movements an
hour, London Gatwick is the most efficient single runway airport in the
world.

 

The airport is located 28 miles south of the UK capital and is extremely
well-connected, with more than a quarter of England's population (15m people)
- including all of London - less than one hour away by road or rail. A
six-year, £2bn sustainable growth programme includes an ambitious plan to be
a net zero airport by 2030 and to increase capacity by bringing the airport's
existing Northern Runway into routine use, alongside its Main Runway.  VINCI
Airports owns a 50.01% stake in the airport, with Global Infrastructure
Partners managing the remaining 49.99%. 

 

 

 

About VINCI Airports

VINCI Airports, as the leading private airport operator in the world, manages
the development and operation of more than 70 airports located in 14
countries. VINCI Airports draws on its expertise as a comprehensive integrator
to develop, finance, build and operate airports, leveraging its investment
capability and know-how to optimise operational performance and modernise
infrastructure while bringing about their environmental transition. In 2016,
VINCI Airports became the first airport operator to commit to an international
environmental strategy, setting itself the aim of reaching zero net emissions
(scope 1 and 2) across the network by 2050 while supporting the territories'
local climate transition.

For more information:

www.vinci-airports.com
(https://www.globenewswire.com/Tracker?data=ebAEbBQftgh5L46-F3GkEeFoV-8OOabAq7xvnrf8UqKltrx4OOtkA3PEHA8OQc2-FKHcVLNzPu4ThBw9jJjeoSWbpR4hG_TxGTqIGUu8ysQ=)
 

@VINCIAirports (https://twitter.com/VINCIAirports)

https://www.linkedin.com/company/vinci-airports/
(https://www.linkedin.com/company/vinci-airports/)

 

About Global Infrastructure Partners

Global Infrastructure Partners (GIP), a part of BlackRock, is a leading
infrastructure investor that specialises in investing in, owning and operating
some of the largest and most complex assets across the energy, transport,
digital infrastructure and water and waste management sectors. With energy
pragmatism central to our investment thesis, we are well positioned to support
the global energy transition.

GIP's scaled platform has over $170bn in assets under management. We believe
that our focus on real infrastructure assets, combined with our deep
proprietary origination network and comprehensive operational expertise,
enables us to be responsible stewards of our clients' capital and to create
positive economic impact for communities. For more information,
visit www.global-infra.com
(https://url.uk.m.mimecastprotect.com/s/vDv9CzKm8hEMnxNTXhZf9qtTY?domain=global-infra.com/)
.

 

 

 

 

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