Mexico · Delayed Price · Currency is MXN Grupo Aeroportuario del Sureste, S. A. B. de C. V. Earnings Call Transcripts
Fiscal Year 2026
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Revenue grew 2.2% year-on-year, driven by non-aeronautical gains, while net income fell 20% due to higher costs and FX impacts. U.S. operations are ramping up, with new terminals expected to boost future results. Motiva acquisition and Colombian investments will expand and diversify the business.
Fiscal Year 2025
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Q4 2025 saw flat revenues and a 5% EBITDA decline, with strong growth in Colombia offsetting softness in Mexico and Puerto Rico. Major acquisitions in the U.S. and Latin America expand the network, while leverage remains low and CapEx robust.
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Q3 2025 saw mid-single-digit revenue growth, led by Puerto Rico and Colombia, while Mexico faced headwinds. EBITDA rose slightly, but margins declined due to higher costs and FX losses. Strategic U.S. expansion via URW acquisition and continued infrastructure investments were highlighted.
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Q2 saw flat passenger traffic overall, with revenue up 5% and EBITDA up 2% year-over-year, led by Puerto Rico and Colombia. Mexico's international traffic declined, but stabilization is expected next year as Tulum Airport normalizes.
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First quarter saw 14% revenue growth and 12% EBITDA increase, with strong performance in Puerto Rico and Colombia offsetting softer Mexico traffic. Major CapEx projects are underway, and a significant dividend is proposed, while management remains cautious on macro risks and traffic normalization.
Fiscal Year 2024
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Quarterly revenue rose 19% and EBITDA 23% year-over-year, driven by strong growth in Colombia and Puerto Rico, while Mexico faced traffic declines due to capacity and engine issues. Major capex projects are underway, and FX gains boosted net income by 33%.
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Passenger traffic declined 2% year-on-year, with strong growth in Colombia and Puerto Rico offset by weakness in Mexico. Net income rose 28% to MXN 3.4 billion, aided by FX gains, while EBITDA grew 12%. Ongoing engine issues and airport capacity limits continue to impact Mexican operations.
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Q2 2024 saw record passenger traffic and a 50% net income increase, driven by strong results in Colombia and Puerto Rico, while Mexico faced headwinds from engine recalls and capacity cuts. Commercial revenues and EBITDA grew, with robust cash and dividend payouts.