Q1 2026 Grupo Aeroportuario del Centro Norte SAB de CV Earnings Call Transcript
Key Points
- OMA passenger traffic increased by 4.7% to 6.7 million in the first quarter of 2026.
- Domestic passenger traffic grew by 5.7%, with significant contributions from Monterrey Airport.
- Aeronautical revenues increased by 4.3%, driven by a 9% increase in domestic passenger charges revenue.
- Commercial revenues grew by 4.9%, supported by retail, parking, VIP lounges, and restaurants.
- OMA's first quarter adjusted EBITDA increased by 2.1% to MXN2.4 billion, with a margin of 73.4%.
- International passenger traffic decreased by 0.5%, mainly due to lower traffic on routes from Monterrey and Mazatlan.
- International passenger charges revenue declined by 11% year-over-year, affected by the depreciation of the Mexican peso.
- Diversification revenues decreased by 1.1%, with hotel services declining by 7.8%.
- Cost of airport services and G&A expenses increased by 20%, driven by higher maintenance and contracted services costs.
- Consolidated net income decreased by 4.1% compared to the first quarter of 2025.
Greetings, and welcome to OMA's first quarter 2026 earnings conference call. (Operator Instructions). As a reminder, this conference is being recorded. It is now my pleasure to introduce your host, Emmanuel Camacho, Investor Relations Officer. Thank you. You may begin.
Thank you, Christine. Good morning, everyone. Thank you for standing by, and welcome to OMA's first quarter 2026 earnings conference call. We appreciate you joining us today as we discuss our company's performance and financial results for the past quarter.
Joining us today are our CEO, Ricardo Duenas; and CFO, Ruffo Perez Pliego. 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.
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