Q2 2026 Grupo Aeroportuario del Centro Norte SAB De CV Earnings Call Transcript
Key Points
- Grupo Aeroportuario del Centro Norte SAB de CV (OMAB) served 1.2 million passengers in Q2 2026, marking a 0.4% increase compared to the same quarter last year.
- Aeronautical revenues increased by 4% during the quarter, driven by tariff adjustments effective from mid-April.
- Commercial revenues grew by 7% year-over-year, with commercial revenue per passenger increasing by 6.3%.
- Diversification revenues saw a significant 17% increase, largely due to a 29% rise in OMA cargo business revenues.
- Adjusted EBITDA increased by 6.6% to MXN2.7 billion, with the adjusted EBITDA margin expanding to 75.2%.
- International passenger traffic decreased by 1.2%, primarily due to lower traffic at Monterrey Airport on routes to Los Angeles, Dallas, Fort Worth, and San Antonio.
- Viva, which accounted for 50% of total passenger traffic, recorded a 2% decline in growth.
- The cost of airport services and G&A expenses increased by 3.6%, driven by higher payroll, contracted services, and materials and supply expenses.
- Financing expenses decreased by 17.4% but were partially offset by higher interest expenses on debt.
- The company's cash position decreased due to investing and financing activities, with cash generated from operating activities amounting to MXN1.8 billion, while investing and financing activities used MXN776 million and MXN2.1 billion, respectively.
Greetings. Welcome to OMA's second quarter 2026 earnings conference call. (Operator Instructions) Please note, this conference is being recorded. I will now turn the conference over to Emmanuel Camacho. Thank you. You may begin.
Thank you, Gil, and hello, everyone. Thank you for standing by, and welcome to OMA's second quarter 2026 earnings conference call. Thank you for joining us today as we discuss our company's performance and financial results for the past quarter.
Joining us today are our CEO, Cigar Vine; and CFO, Profertil. 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.
And now I'll turn the call over to Ricardo Lenis for his opening remarks.
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