Grupo Aeroportuario del Centro Norte, S.A.B. de C.V. Earnings Recaps
Q3 2026
Nov 3, 2026
OMA’s shares rose 4.8% after earnings, with adjusted EBITDA up 8.7% and the margin at 75%. Passenger growth was modest at 1.3%, but commercial and diversification revenue growth helped support the quarter.
Key takeaways
- OMA served 7.7 million passengers, up 1.3% year over year; domestic traffic rose 0.6% and international traffic increased 6%.
- Total aeronautical and non-aeronautical revenue grew 8.3% to MXN 3.8 billion. Commercial revenue rose 11%, while diversification revenue increased 20.4%.
- Adjusted EBITDA increased 8.7% to MXN 2.9 billion, with a 75% margin. Cost of services and G&A rose 8.6%, including higher payroll and contracted services costs.
- Net income increased 2.9% to MXN 1.6 billion; financing expense rose 16.5% to MXN 348 million, mainly due to higher average debt.
- Quarter-end cash was MXN 4 billion, total debt was MXN 14.9 billion, and net debt-to-adjusted EBITDA stood at 1.0x.
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.