Q3 2025 Grupo Aeroportuario del Centro Norte SAB de CV Earnings Call Transcript

Oct 24, 2025 / 04:00PM GMT

Release Date Price: $102.71 (+0.24%)

Transcript

Key Points

Positve

Passenger traffic increased by 8% year-over-year, reaching 7.6 million passengers.
Seat capacity rose by 11% during the quarter, indicating strong demand and operational expansion.
Aeronautical revenues increased by 11%, with revenue per passenger rising by 3%.
Commercial revenues grew by 7%, driven by parking, restaurants, VIP lounges, and retail.
Adjusted EBITDA increased by 9% to MXN2.7 billion, with a margin of 74.8%.

Negative

SG&A and cost pressures eroded margins despite strong top-line growth.
Higher costs in security and cleaning services due to contract renewals and inflationary pressures.
Commercial revenue per passenger declined due to the impact of one-time revenues recorded in the previous year.
Financing expenses increased by 9.8% due to higher interest expenses from increased average debt levels.
Cost of airport services and G&A expenses increased by 14.4%, impacting overall profitability.

Operator

Greetings and welcome to the OMA third-quarter 2025 earnings call. (Operator Instructions) As a reminder, this conference is being recorded. I would now like to turn the conference over to your host Emmanuel Camacho, Investor Relations Officer for OMA. Thank you. You may begin.

Emmanuel Camacho Grupo Aeroportuario del Centro Norte SAB de CV;Investor Relations Manager

Thank you, Melissa. Hello, everyone, and welcome to OMA's Third Quarter 2025 Earnings Conference Call. We're delighted to have you join us today as we discuss the company's performance and financial results for the past quarter. Joining us today are CEO, Ricardo Duenas; and CFO, Ruffo Perez del.

Please be reminded that certain statements made during the course of our discussion today may constitute forward-looking statements, which are based on current management expectations and are subject to a number of risks and uncertainties that could cause actual results to differ materially, including factors that may be beyond our control.

Now I'll turn the call over to Ricardo

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