Grupo Aeroportuario del Centro Norte, S.A.B. de C.V.

Grupo Aeroportuario del Centro Norte, S.A.B. de C.V. Earnings Recaps

OMAB Industrials 2 recaps
Q3 2025 Oct 24, 2025

OMA reported strong Q3 2025 results, with total passenger traffic increasing by 8% year-over-year, supported by robust growth in both domestic and international segments.

Key takeaways
  • Passenger traffic reached 7.6 million, with a notable 11% increase in seat capacity.
  • Aeronautical revenues expanded by 11%, while commercial revenues grew by 7%, driven by parking, dining, and retail services.
  • Adjusted EBITDA rose 9% to MXN 2.7 billion, maintaining a high margin of 74.8%.
  • Industrial Services contributed significantly, with a 53% revenue increase from higher leasing activity in the industrial park.
  • OMA expects overall traffic growth for the full year to be between 7% and 8%, with a conservative outlook for 2026.
Q2 2025 Aug 2, 2025

OMA reported a strong second quarter in 2025, with a significant boost in both passenger traffic and revenues. Adjusted EBITDA rose by 19%, reflecting robust operational performance amid ongoing strategic developments.

Key takeaways
  • Passenger traffic increased 11% year-over-year to 7.2 million, with notable contributions from both domestic and international routes.
  • Aeronautical revenues surged 17%, driven by higher passenger volumes and increased yields.
  • Commercial revenues grew by 20%, with restaurants, parking, and VIP lounges leading the charge in performance.
  • Adjusted EBITDA reached MXN 2.6 billion, yielding a margin of 74.6%, indicating strong operational leverage.
  • OMA is advancing its master development program, expecting approval in December, with major investments planned for Monterrey Airport and other facilities.