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Grupo Aeroportuario del Sureste (ASURB) investor relations material
Grupo Aeroportuario del Sureste Q3 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q3 2025 earnings summary23 Oct, 2025
Executive summary
Entered a definitive agreement to acquire U.S. airport retail concessions (URW Airports) for $295 million, expanding into major U.S. markets such as LAX, O'Hare, and JFK, with closing expected in 4Q25 and financing by JPMorgan Chase.
Operates 16 airports across Mexico, Puerto Rico, and Colombia, serving a record 71.3 million passengers in 2024, with Q3 2025 traffic at 17.3 million and growth in Colombia and Puerto Rico offsetting declines in Mexico.
Strong focus on sustainability, high ESG standards, and robust corporate governance with 64% independent board members and 36% women representation.
Net income dropped 36.4% YoY in Q3 2025, mainly due to foreign exchange losses and higher depreciation/amortization.
Strategic international expansion and continued investment in infrastructure and commercial programs.
Financial highlights
2024 total revenue reached Ps. 20,972M, with 68.9% from regulated and 31.1% from non-regulated sources; Q3 2025 revenues rose mid-single digits to over MXN 7 billion, with a 17.1% YoY increase mainly from construction services.
EBITDA grew just over 1% to MXN 4.6 billion in Q3 2025, but consolidated EBITDA declined 1.3% YoY to Ps.4,639.4 million; adjusted EBITDA margin fell to 66.7%.
Commercial revenue per passenger increased 1% YoY to MXN 126.1 in Q3 2025; Mexico Ps. 164.2, Puerto Rico Ps. 169.7, Colombia Ps. 61.0 for 6M 2025.
Net debt to EBITDA ratio at 0.2x, with cash position at MXN 16 billion, down 19% from December 2024 due to dividend payments.
Extraordinary dividend of MXN 15 per share paid in September, with another scheduled for November; total debt increased 58.9% to Ps.21,231.9 million from new loans.
Outlook and guidance
Expect gradual stabilization of Mexican traffic as aircraft availability improves, with continued positive momentum in Puerto Rico and Colombia supported by international demand and improving currencies.
Committed to developing commercial business, improving passenger volumes, and maintaining world-class service; capital expenditure requirements through 2028 are clearly defined.
U.S. airport retail acquisition expected to close in 4Q25, expanding commercial operations.
Explain Mexico's declining commercial revenue per PAX
Why did net income drop despite revenue growth?
Funding for US airport retail concessions acquisition?
URW Acquisition's strategic role in US growth?
Colombia amortization change: financial impact?
Detail Mexico's persistent traffic headwinds.
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Next Grupo Aeroportuario del Sureste earnings date
Q4 202525 Feb, 2026
Next Grupo Aeroportuario del Sureste earnings date
Q4 202525 Feb, 2026
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Frequently asked questions
Grupo Aeroportuario del Sureste, S.A.B. de C.V. (ASUR) is a prominent Mexican airport operator specializing in the management, operation, and development of airports. ASUR oversees a network of nine airports in the southeastern region of Mexico, including key locations such as Cancún, one of the country's most significant international gateways. These airports serve a diverse mix of domestic and international flights, contributing to the region's accessibility and economic development. ASUR's operations encompass a wide range of airport services aimed at ensuring efficient and secure passenger and cargo transportation. The company is recognized as a significant player in the aviation industry in Mexico, contributing to the enhancement of the country's airport infrastructure and services. The company is headquartered in Mexico City, Mexico, and its shares are listed on the Mexican Stock Exchange (BMV).
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