Grupo Aeroportuario del Pacífico (GAPB) investor relations material

Executive summary

• Total revenues increased by 2.8% year-over-year, with aeronautical revenues up 3.9% and non-aeronautical revenues up 6.1%, despite a 5.5% decline in total passenger traffic due to macroeconomic volatility, security incidents, and Hurricane Melissa in Jamaica.

• EBITDA rose 6.4% to MXN 6 billion (Ps. 5,988.8 million), with an EBITDA margin of 68.3%.

• Net income grew 15.9% to Ps. 3,312.0 million; comprehensive income up 19.6% to Ps. 3,365.8 million.

• Non-aeronautical revenues and strong Mexican operations, including growth in the bonded warehouse business and high-value cargo, helped offset traffic declines.

Financial highlights

• Aeronautical revenues increased by 3.9% (Ps. 235.3 million); non-aeronautical revenues up 6.1% (Ps. 145.6 million).

• Operating income increased 7.7% to Ps. 5,055.9 million.

• EBITDA margin stood at 68.3% for the quarter.

• Cash and cash equivalents reached MXN 23.2 billion (Ps. 23,185.1 million), boosted by a historic MXN 10.7 billion (Ps. 10,718.0 million) bond issuance.

• Cost of service increased by 6.5% due to higher personnel, security, and maintenance expenses.

Outlook and guidance

• Guidance for 2026 traffic remains unchanged at 2%-6% growth, expecting recovery in passenger volumes by Q4, with summer leisure travel anticipated to benefit from U.S. travelers choosing Mexican destinations.

• Temporary effects from security incidents and capacity constraints are expected to subside by summer.

• Guidance will be reviewed in Q2 if necessary.

• Pending business combination for CBX integration and internalization of technical assistance services remains subject to closing conditions.