Perth Airport Valuation, Funding & Investors

Perth Airport is valued at $4.6B as of October 2026.

Last Perth Airport valuation

$4.6B

Secondary · Oct 2026

Last Perth Airport funding round

Undisclosed stage

Amount undisclosed · Jan 2024

Key investors in Perth Airport

  • AustralianSuper
  • Future Fund

Perth Airport Overview

About Perth Airport

Perth Airport is the primary commercial airport serving Perth and Western Australia. It operates passenger terminals, runways, freight infrastructure and a substantial commercial-property estate for airlines, travelers, logistics users and tenants. The airport connects Western Australia with domestic and international destinations and supports the state's resources, tourism and business economy. Revenue is generated from aeronautical charges, retail, parking, property leases and other services, with returns linked to passenger traffic, airline capacity and long-term infrastructure investment. Perth Airport serves B2B, B2C and B2G customers through activities spanning Airports & Aviation Services. Its commercial model generates revenue through Services, supported by sector expertise, operating execution and customer relationships. The description reflects the entity and operating model at the transaction date, including any historical identity or ownership context stated in the cited materials.


HQ

AustraliaPerth

Status

Privately held

Customer focus

B2C & B2B

Revenue model

Services, Leasing & Rental Services

Valuation

$4.6B (Oct 2026)

Perth Airport Valuation

Perth Airport is currently valued at $4.6B, based on its secondary sale in October 2026. Read the announcement ↗

The round included AustralianSuper.

Perth Airport valuation by funding round

Perth Airport valuation by funding round
DateStageValuation
Oct 2026Secondary$4.6B

Perth Airport Funding History

Perth Airport has raised 1 funding round, plus 2 secondary share sales.

Perth Airport funding rounds
DateStageInvestorsValuationDeal Summary
Oct 2026SecondaryAustralianSuper$4.6BAustralianSuper acquired a combined 9.14% interest in Perth Airport from two co-investors in October 2026, lifting its direct ownership to around 29.4%. The sellers were Australian Retirement Trust, which held 1.95%, and Macquarie Asset Management through The Infrastructure Fund, which held 7.19% and had been an investor since 2001. The West Australian reported that the fund paid more than AUD 600 million for the stake, a press estimate, as the price was not announced. The purchase makes AustralianSuper the second-largest shareholder behind the Future Fund. Carl Astorri, AustralianSuper's acting head of real assets, said the airport has a compelling long-term growth outlook supported by its connection to major markets in Asia and Europe and a significant expansion programme. Perth Airport is Australia's busiest airport outside Sydney, Melbourne and Brisbane and is privately owned by institutional investors including superannuation funds. It is carrying out a multi-billion-dollar capital programme over the next decade that includes a new runway and terminal and property development around the airport.
Jan 2024Undisclosed stageAustralianSuper-AustralianSuper acquired a further 15 per cent of Perth Airport from Morrison & Co-managed Utilities Trust of Australia, adding to the 5.25 per cent it already held and lifting its interest to around 20 per cent of Western Australia's main gateway. Trade press reported the fund paid more than A$500 million for the holding, which it secured after losing the auction for Queensland Airports to KKR and the Skip Essential Infrastructure Fund. The airport is undertaking a multi-billion-dollar programme covering new terminal facilities, a parallel runway, car parks and an on-site hotel.
Nov 2012SecondaryFuture Fund-On 26 November 2012, the Future Fund signed a binding agreement to acquire Australian Infrastructure Fund's airport holdings from Hastings Funds Management and Utilities Trust of Australia. The package included a 29.7% interest in Perth Airport together with interests in Australia Pacific Airports Corporation and HOCHTIEF Airport Capital. ASX disclosures valued the total portfolio transaction at approximately A$2 billion, but did not publish an asset-by-asset allocation, so no amount is attached to this individual record. Perth Airport operates Western Australia's principal passenger and freight gateway and also manages a significant commercial-property estate. Its revenue comes from aeronautical services, passenger-related activities, retail, parking and leasing. Completion occurred through several steps in early 2013, but the binding announcement date is used consistently across the three separately recorded direct holdings. Perth Airport is the primary commercial airport serving Perth and Western Australia.

Who has invested in Perth Airport?

2 investors have backed Perth Airport across its funding rounds, including AustralianSuper and Future Fund.


Perth Airport Investors

Investors in Perth Airport by funding rounds participated
InvestorHQRoundsRoleFirst check

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Perth Airport Competitors

Perth Airport competitors include listed companies like AAR, VSE, SATS and Vienna International Airport, and private ones like Manchester Airport Group and Bangalore International Airport.

Public and private companies comparable to Perth Airport
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
AARUnited StatesUnited StatesPublicly listed$3.3B$389M$4.4B1.5x
VSEUnited StatesUnited StatesPublicly listed$1.1B$130M$4.9B3.4x
SATSSingaporeSingaporePublicly listed$5B$989M$4.3B1.4x
Vienna International AirportAustriaAustriaPublicly listed$1.3B$465M$5B4.2x
Manchester Airport GroupUnited KingdomManchesterPrivate--$4B-
Bangalore International AirportIndiaBangalorePrivate$399M-$2.5B6.3x

Perth Airport Public Comps

Perth Airport is still privately-owned, but its public comps include AAR, VSE, SATS, Athens International, Vienna International Airport, Corporación América Airports, Grupo OMA, Airports Corporation of Vietnam, Clear Secure and TravelSky.

Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
AAR$3.3B$389M1.6x1.5x13.5x12.1x
VSE$1.1B$130M5.2x3.4x44.9x17.9x
SATS$5B$989M1.4x1.4x7.2x7.8x
Athens International$790M$451M6.4x6.5x11.1x10.9x
Vienna International Airport$1.3B$465M4.0x4.2x11.0x10.7x
Corporación América Airports$2B$612M2.2x2.1x7.0x5.7x
Grupo OMA$856M$524M6.9x6.3x11.2x10.0x
Airports Corporation of Vietnam$1B$669M5.2x5.0x7.9x8.2x

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Common questions about Perth Airport

Where is Perth Airport headquartered?Perth Airport is headquartered in Perth, Australia.
Is Perth Airport publicly listed?No, Perth Airport is a private, VC-backed company.
What is Perth Airport's valuation?Perth Airport was last valued at $4.6B in its secondary sale in October 2026.
What was Perth Airport's last funding round?Perth Airport's last funding round was a undisclosed-stage round in January 2024.
Who are Perth Airport's investors?Perth Airport's investors include AustralianSuper and Future Fund.
Which companies are comparable to Perth Airport?Companies comparable to Perth Airport include AAR, VSE, SATS, Vienna International Airport, Manchester Airport Group and Bangalore International Airport.

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