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Grupo Aeroportuario del Sureste (ASURB) investor relations material
Grupo Aeroportuario del Sureste Q4 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Fourth quarter marked an inflection point with moderated traffic trends in some markets, continued focus on diversification, and operational excellence.
Completed acquisition of URW Airports (now ASUR US), expanding into the U.S. commercial airport segment and contributing Ps.133.1 million in revenue and Ps.86.1 million in EBITDA for December.
Signed agreement to acquire Motiva's airport portfolio, adding 20 airports across Brazil, Ecuador, Costa Rica, and Curaçao.
Dividend payments for 2025 totaled MXN 24 billion, reflecting strong cash generation.
Total passenger traffic rose 0.9% YoY in Q4 2025, with growth in Colombia (+5.7%) and Mexico (+0.1%), but a decline in Puerto Rico (-3.1%).
Financial highlights
Total revenue for Q4 2025 was flat year-on-year at MXN 7.3 billion excluding construction, but including construction services, consolidated revenues increased 21.6% YoY to Ps.10,969.1 million.
Consolidated EBITDA decreased nearly 5% to MXN 4.9 billion; adjusted EBITDA margin declined 330 bps to 66.4%.
Net Majority Income for Q4 fell 22% to MXN 2.7 billion, mainly due to FX losses and amortization adjustments.
Cash and cash equivalents at year-end were MXN 11 billion; net debt at MXN 16 billion (0.8x LTM EBITDA).
Total debt: Ps.27,486.6 million (+105.7% YoY), reflecting new loans in Mexico.
Outlook and guidance
Expect more detailed disclosure on ASUR US starting Q1 2026.
Motiva acquisition expected to close in H1 2026, funded with debt.
Shareholders approved authorization for further acquisitions and related financing, including potential expansion in Brazil.
Anticipate gradual stabilization of traffic in Mexico as aircraft availability improves; continued positive momentum in Puerto Rico and Colombia.
Reopening of Cancun Terminal 1 in Q3 2026 expected to boost commercial revenue.
Next Grupo Aeroportuario del Sureste earnings date
Next Grupo Aeroportuario del Sureste earnings date
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