Grupo Aeroportuario del Centro Norte, S.A.B. de C.V. Q3 2025 Earnings Recap

OMA reported robust third-quarter results, driven by an 8% increase in passenger traffic and strong revenue growth in both aeronautical and commercial segments.

Key Takeaways

• Passenger traffic grew 8% year-over-year, reaching 7.6 million, with Monterrey airport contributing significantly to domestic and international growth.
• Aeronautical revenues increased 11%, complemented by a 7% rise in commercial revenues, primarily from parking, restaurants, and retail.
• Adjusted EBITDA grew 9% to MXN 2.7 billion, achieving a margin of 74.8%, indicating strong operational efficiency.
• Total debt stood at MXN 13.6 billion, maintaining a solid financial position with a net debt to adjusted EBITDA ratio of 0.9x.
• The company anticipates a traffic growth of 7-8% for the remainder of the year and low to mid-single digit growth in 2026, bolstered by upcoming events like the World Cup.