Business PerformanceBusiness operations, including traffic and retail, are in line with management expectations and adhere to FY25 guidance.
Cash FlowThe distribution of TAV dividends could resume in the near term, adding €50-60m to ADP's cash flow annually.
Dividend PolicyThe non-cash nature of FX one-offs at TAV/GMR allows management to propose an adjustment in its distribution policy, protecting the dividend payout ratio.