)
Grupo Aeroportuario del Pacífico (GAPB) investor relations material
Grupo Aeroportuario del Pacífico Q4 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Passenger traffic reached 63.7 million in 2025, up 2.5% year-over-year, with a 0.9% Q4 decline due to Hurricane Melissa in Jamaica; 62 new routes were added.
Total revenues for 2025 rose 23.2% to Ps. 41,408.5 million, with net income up 12.7% to Ps. 10,000.6 million and EBITDA up 17.8% to Ps. 21,332.1 million; EBITDA margin (ex-IFRIC/IFRS 12) was 65.6%.
Combined aeronautical and non-aeronautical revenues grew strongly, with commercial revenues in Mexico particularly robust and recovery underway in Jamaica.
Comprehensive income declined 9.6% due to foreign currency translation losses, despite net income growth.
Diversified portfolio across Mexico and Jamaica, with ESG leadership and strong commercial performance.
Financial highlights
Aeronautical revenues rose 19.4% to Ps. 22,821.8 million, accounting for 70% of total revenues; non-aeronautical revenues up 26.5% to Ps. 9,704.1 million, representing 30%.
EBITDA margin (ex-IFRIC/IFRS 12) was 65.6% in 2025 and 63.8% in Q4; operating margin was 54.0% (ex-IFRIC-12).
Cash and cash equivalents at year-end were Ps. 10,453.2 million.
Net debt to EBITDA ratio improved to 0.6x; interest debt service ratio at 4.2x.
Dividend yield reached 313.5% in 2025, with a payout policy distributing all excess cash above a minimum balance.
Outlook and guidance
For 2026, passenger traffic is expected to grow 2–5%, aeronautical revenues 9–12%, non-aeronautical revenues 6–9%, total revenues 8–11%, and EBITDA 8–11%; CAPEX planned at Ps. 13.5 billion.
Guidance excludes the CBX business combination, which is pending formalization.
No further impact expected from recent disruptions in Jalisco; operations have normalized.
Next Grupo Aeroportuario del Pacífico earnings date
Next Grupo Aeroportuario del Pacífico earnings date
The essential earnings season companion
The #1 app for qualitative research. Live earnings calls, AI chat, transcripts, and more. All for free.
Live calls and transcripts
Listen to earnings calls, CMDs, investor conferences, and more – with a podcast-like experience.
Find what you need faster
Search for any keyword across all transcripts simultaneously.
Easily store key findings
Capturing important takeaways is as simple as it gets. Even during your lunch run or commute.
Your watchlist. Your dashboard.
Follow the companies that matter to you. Get a personalized feed with real-time updates.
Be the first to know
Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned.
Consensus estimates
Access analyst consensus estimates, valuation multiples, and revenue segments splits.
All IR material in one place
The easiest way to stay updated during earnings season.
Global coverage
All events from public companies. Live and recorded.
Just click and listen
No webcast links. No manual registrations.
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
I can't remember the last time an app had such a positive impact on my investment process.
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
I can't remember the last time an app had such a positive impact on my investment process.
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
)
)
)
Frequently asked questions
Mobile app: Research anytime, anywhere with the #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.
Desktop (Quartr Pro): The leading platform for qualitative research, used daily by top firms and financial institutions.
Quartr API: Build custom solutions powered by live earnings calls, live transcripts, filings and reports, slide presentations, and more.
Explore our global coverage