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Grupo Aeroportuario del Sureste (ASURB) investor relations material
Grupo Aeroportuario del Sureste Q3 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Closed CPC Aeroportos acquisition Sept. 1 for BRL 5.5B (~$992M), adding 20 airports; portfolio spans 36 airports in seven countries plus commercial operations at three major U.S. airports.
Pro forma airports served ~120M passengers in 2025 versus 70M reported the prior year, broadening geographic exposure and reducing reliance on Mexico or any single airport.
Q3 passenger traffic fell 1.2% to 20.9M; total revenue rose 18.9% to Ps.10,420.5M and EBITDA rose 1.7% to Ps.4,719.3M.
Financial highlights
3Q26 revenue excluding construction services rose 12.6% to Ps.7,829.4M; commercial revenue increased 22.2% to Ps.2,703.3M.
Net income increased 4.4% to Ps.2,307.9M; adjusted EBITDA margin fell to 60.3% from 66.7%.
Commercial revenue per passenger rose 3.5% to MXN 130.5, reflecting U.S. commercial operations; lower traffic and passenger mix weighed on results excluding that contribution.
Cash and equivalents were Ps.20,091.8M at Sept. 30, up 80.7% from Dec. 31, 2025.
3Q26 CapEx totaled Ps.2,716.6M, including Ps.2,241.5M for Mexican airport modernization; 9M26 CapEx was Ps.5,211.2M.
Segment performance
Mexico revenue rose 3.1% to Ps.6,679.8M, but fell 6.8% excluding construction; EBITDA declined 9.5% to Ps.3,164.7M and traffic fell 4.6%.
Puerto Rico revenue fell 4.1% to Ps.1,270.9M; EBITDA rose 7.1% to Ps.602.4M and adjusted margin increased to 52.7% from 49.0%.
Colombia revenue increased 22.0% to Ps.1,172.2M and EBITDA rose 1.6% to Ps.590.0M; adjusted margin declined to 57.0% from 60.6%.
U.S. operations contributed Ps.456.4M revenue and Ps.49.0M EBITDA in 3Q26; reported margin was close to 11%, weighed by pre-opening expenses and lease costs.
Brazil & Others contributed Ps.841.2M revenue and Ps.313.2M EBITDA for September, its first month after acquisition; adjusted EBITDA margin was 46.3%.
- Revenue up 9.9% YoY, EBITDA margin down, net income up, traffic down 2.7%, expansion ongoing.ASURB
Q2 2026 - Passenger growth and US expansion lifted revenue, but profits fell on higher costs and FX impacts.ASURB
Q1 2026 - Flat Q4 core revenue, 5% EBITDA drop, and major U.S./LatAm acquisitions amid higher debt.ASURB
Q4 2025 - Record passenger growth, strong financials, and leading ESG practices drive expansion.ASURB
Investor Presentation - Record passenger traffic, robust financials, and $295M U.S. expansion amid Mexican softness.ASURB
Q3 2025 - Revenue and EBITDA up double digits YoY, led by Colombia and Puerto Rico, despite Mexico traffic drop.ASURB
Q3 2024 - Record Q2 traffic and 50% net income growth, led by Colombia and Puerto Rico gains.ASURB
Q2 2024 - Double-digit revenue and EBITDA growth led by Puerto Rico and Colombia.ASURB
Q1 2025 - Record passenger growth and strong financials driven by Colombia and Puerto Rico gains.ASURB
Q4 2024
Next Grupo Aeroportuario del Sureste earnings date
Next Grupo Aeroportuario del Sureste earnings date
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