Q2 2025 Grupo Aeroportuario del Centro Norte SAB de CV Earnings Call Transcript
Key Points
- Grupo Aeroportuario del Centro Norte SAB de CV (OMAB) reported an 11% year-over-year increase in passenger traffic, reaching 7.2 million passengers in the second quarter of 2025.
- Aeronautical revenues increased by 17%, with a 5% rise in aeronautical revenue per passenger.
- Commercial revenues grew by 20%, driven by strong performance in restaurants, parking, VIP lounges, and retail.
- Adjusted EBITDA increased by 19% to MXN2.6 billion, with an adjusted EBITDA margin of 74.6%.
- The company successfully completed a MXN2.75 billion issuance in long-term notes, which will be used for repaying short-term loans and funding committed investments.
- There are upcoming changes in key leadership positions, with the retirement of the Chief Operating Officer and a new Chief Commercial Officer joining, which may lead to transitional challenges.
- The company anticipates a mid to high single-digit traffic growth for the rest of the year, indicating a potential slowdown compared to the first half.
- There are capacity cuts announced by some airlines, which may impact passenger growth in the second half of the year.
- The ongoing negotiation of the master development program (MDP) and tariff model could introduce uncertainties until final approval is expected in December.
- The company is not currently involved in any formal processes for acquiring new assets, such as those being sold by Motiva CCR in Brazil, which may limit expansion opportunities.
Greetings, and welcome to OMA's Second Quarter 2025 Earnings Conference Call. (Operator Instructions) As a reminder, this conference is being recorded.
It is now my pleasure to introduce Emmanuel Camacho, Investor Relations. Thank you, sir, you may begin.
Thank you, Thierry, and hello, everyone. Welcome to OMA's Second Quarter 2025 Earnings Conference Call. We are delighted to have you joining us today as we discuss our company's performance and financial results for the past quarter. Joining us today are CEO, Ricardo Duenas; and CFO, Ruffo Perez Castillo. Please be reminded that certain statements made during the course of our discussion trade 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.
And with that, I will turn the call over to Ricardo Duenas
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