Q1 2026 Grupo Aeroportuario del Sureste SAB de CV Earnings Call Transcript

Apr 23, 2026 / 02:00 PM GMT

Release Date Price: MXN548 (-2.81%)

Transcript

Key Points

Positve

Total passenger traffic increased by 1.9% year-on-year, driven by strong growth in Colombia and stabilization in Mexico.
The integration of ASR's US airports contributed to non-aeronautical revenues, with expectations for further improvement as the platform scales.
The company is focused on completing the Motiva transaction, which will significantly expand its footprint and reinforce long-term growth.
Commercial revenues increased nearly 7%, reflecting new commercial operations in the U.S. and organic growth in Colombia.
ASR's balance sheet shows significant flexibility for growth with a net debt to EBITDA ratio of 0.8 times.

Negative

Traffic trends were negatively affected by security-related events in Mexico and TSA-related disruptions in the U.S., impacting Puerto Rico.
Total revenues increased only 0.2% year-on-year, with aeronautical revenues declining due to FX conversion impacts and lower traffic in Puerto Rico.
Consolidated EBITDA margin declined nearly 600 basis points to 64.1% year-on-year, reflecting the ramp-up of U.S. operations and amortization changes in Colombia.
Net majority income declined 20% year-on-year due to higher depreciation, amortization, and increased interest expenses.
Operational costs increased by 25% year-on-year, driven by the integration of U.S. operations and inflationary pressures.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

ASURB.MX - Grupo Aeroportuario del Sureste SAB de CV
Q1 2026 Grupo Aeroportuario del Sureste SAB de CV Earnings Call
Apr 23, 2026 / 02:00PM GMT

=====================
Presentation
--------------------------------------------------------------------------------
Unidentified_1 [1]
--------------------------------------------------------------------------------
Good day, ladies and gentlemen, and welcome to ASUR's first quarter 2026 results conference call. My name is Sachi, and I'll be your operator. At this time, all participants are in listen-only mode. We will conduct a question-and-answer session toward the end of today's teleconference. If you would like to ask a question, please press star one. If you want to withdraw your question at any time, please press star two. If you are using a speakerphone, please lift the handset before making a selection.

As a reminder, today's call is being recorded.

Now, Mr. David Barlow, Corporate Governance, Strategic Planning Manager and IRO at Azur. Please go ahead, sir.

----------

Already have an account? Log in

Get the full story

Subscribe Now

	Access to All Earning Calls and Stock Analysis
	30-Year Financial on one screen
	All-in-one Stock Screener with unlimited filters
	Customizable Stock Dashboard
	Real Time Insider Trading Transactions
	8,000+ Institutional investors’ 13F holdings
	Powerful Excel Add-in and Google sheets Add-on
	All data downloadable
	Quick customer support
	And much more...

30-Day 100% money back guarantee

Subscription fee may be tax deductible.

Excellent

4.6 out of 5

Trustpilot

Research Tools

All-In-One Screener Stock Ideas Stock List Guru List Guru Real-Time Picks Insider List Insider Trades Economic Indicators Sector & Industry Performance DCF Calculator Calculators Discussion Board

Product

Pricing Plans Excel Add-In Google Sheets Add-on Data API Stock Comparison Table Manual of Stocks Instant Alerts Mobile App Newsletters Signup 中文

Education

Financial Glossary Tutorials FAQ Buffett Indicator Shiller P/E Yield Curve Today U.S. Inflation Rate Global Market Valuation Fed Net Liquidity Buffett Assets Allocation

Company

About GuruFocus Career Contact Us Advertise Term of Use Privacy Policy Referral Program Partner Program

Survey

We'd love to learn more about your experiences on GuruFocus.com and how we can improve!

Take Survey

Disclaimers

GuruFocus.com is not operated by a broker or a dealer. Under no circumstances does any information posted on GuruFocus.com represent a recommendation to buy or sell a security. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. The individuals or entities selected as "gurus" may buy and sell securities before and after any particular article and report and information herein is published, with respect to the securities discussed in any article and report posted herein. Gurus may be added or dropped from the GuruFocus site at any time. In no event shall GuruFocus.com be liable to any member, guest or third party for any damages of any kind arising out of the use of any content or other material published or available on GuruFocus.com, or relating to the use of, or inability to use, GuruFocus.com or any content, including, without limitation, any investment losses, lost profits, lost opportunity, special, incidental, indirect, consequential or punitive damages. Past performance is a poor indicator of future performance. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. The information on this site is in no way guaranteed for completeness, accuracy or in any other way. The gurus listed in this website are not affiliated with GuruFocus.com, LLC. Stock quotes are provided by QuoteMedia, Inc. (CSI). Company fundamental data is provided by Morningstar. Analyst estimates data is sourced from both Refinitiv and Morningstar, with priority given to Refinitiv data. Data is updated daily.