Grupo Aeroportuario del Sureste (ASURB) Q3 2026 earnings summary

Executive summary

• 3Q26 passenger traffic fell 1.2% YoY to 20.9 million; revenue rose 18.9% to Ps.10,420.5 million, including newly consolidated U.S. and Brazil & Others operations.

• EBITDA increased 1.7% to Ps.4,719.3 million and net income rose 4.4% to Ps.2,307.9 million; adjusted EBITDA margin fell to 60.3% from 66.7%.

Financial highlights

• 3Q26 revenue excluding construction services increased 12.6% YoY to Ps.7,829.4 million; commercial revenue rose 22.2% to Ps.2,703.3 million.

• 9M26 revenue increased 9.6% to Ps.28,798.5 million, while net income fell 6.2% to Ps.7,618.9 million and majority net income declined 6.5% to Ps.7,268.4 million.

• 3Q26 EPS was Ps.7.1960 and ADS earnings were US$3.9825, each up 2.1% YoY; 9M EPS declined 6.5% to Ps.24.2280.

• Cash and cash equivalents reached Ps.20,091.8 million at September 30, 2026, up 80.7% from December 31, 2025.

Segment performance

• Mexico 3Q26 revenue rose 3.1% to Ps.6,679.8 million, but excluding construction fell 6.8%; EBITDA declined 9.5% to Ps.3,164.7 million.

• Puerto Rico revenue fell 4.1% to Ps.1,270.9 million; EBITDA increased 7.1% to Ps.602.4 million and adjusted EBITDA margin rose to 52.7% from 49.0%.

• Colombia revenue increased 22.0% to Ps.1,172.2 million and EBITDA rose 1.6% to Ps.590.0 million; adjusted EBITDA margin declined to 57.0% from 60.6%.

• U.S. operations contributed Ps.456.4 million revenue and Ps.49.0 million EBITDA in 3Q26, its third full quarter of consolidation.

• Brazil & Others contributed Ps.841.2 million revenue and Ps.313.2 million EBITDA for September, its first month following acquisition; adjusted EBITDA margin was 46.3%.