Grupo Aeroportuario del Centro Norte (OMAB) Q2 2026 earnings summary

Executive summary

• Served 29.1 million passengers in the last twelve months ending June 2026, with 7.2 million in Q2 2026, and operations across 13 airports, 2 hotels, 1 industrial park, and 3 bonded warehouses.

• Passenger traffic rose 0.4% year-over-year in Q2 2026, with domestic up 0.6% and international down 1.2%; notable growth at San Luis Potosí, Durango, and Chihuahua.

• Opened 31 new routes in 6M26, including Aeroméxico to Paris and Iberia to Madrid, enhancing connectivity.

• Achieved 88% reduction in Scope 1 and 2 GHG emissions per passenger, surpassing sustainability targets.

• Listed on BMV and Nasdaq, with a market cap of Ps. 96.6 billion ($5.5 billion) as of June 30, 2026.

Financial highlights

• Aeronautical revenues rose 3.9% year-over-year, driven by mid-April tariff adjustments and 7.7% growth in domestic TUA revenue.

• Non-aeronautical revenues increased 9.8%, with commercial up 6.7% and diversification up 17.4%.

• Adjusted EBITDA grew 6.2% to Ps.2,722 million in Q2 2026, margin expanded to 75.2%.

• Net income reached Ps.1,478 million in Q2 2026, up 10.2% year-over-year.

• Net debt/adjusted EBITDA at 1.03x; cash position at quarter-end was Ps.2,577 million.

Outlook and guidance

• Master Development Program 2026-2030 commits Ps. 17,420 million in investments, focusing on capacity, quality, and environmental projects.

• Traffic growth anticipated to be flat to low single digits for the year, reflecting airline capacity adjustments.

• Commercial revenue per passenger expected to remain stable at MXN 66 until 2028, with a pickup after new Monterrey terminal opens.

• Maximum tariffs are set to gradually decrease through 2030, providing visibility for future pricing.

• Proceeds from recent Ps.3.0 billion long-term note issuance will fund committed investments under the Master Development Program.