Grupo Aeroportuario del Pacífico (GAPB) Q1 2026 earnings summary

Executive summary

• Total revenues rose 2.8% year-over-year to Ps. 11,369.6 million, with aeronautical and non-aeronautical revenues up 3.9% and 6.1%, respectively.

• EBITDA increased 6.4% to Ps. 5,988.8 million, with margin (ex-IFRIC-12) improving to 68.3%.

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

• Passenger traffic declined 5.5% year-over-year, mainly due to hurricane impact in Jamaica and security events in Mexico.

Financial highlights

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

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

• Total operating costs decreased 0.7%, driven by lower concession taxes and improvements costs.

• Financial expenses fell 22.2% due to FX gains and lower interest expense.

• Cash and cash equivalents at quarter-end: Ps. 23,185.1 million.

Outlook and guidance

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

• Proceeds from recent bond issuance to fund CBX stake acquisition and capital expenditures under 2025-2029 Master Development Program.