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

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.