Corporacion America Airports ( (CAAP) ) has released its Q3 earnings. Here is a breakdown of the information Corporacion America Airports presented to its investors.
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Corporación América Airports S.A. (CAAP) is a leading global private airport operator, managing a diverse portfolio of airports across several countries, with a focus on enhancing passenger experience and expanding commercial offerings.
In its third-quarter 2025 earnings report, Corporación América Airports reported a robust financial performance, characterized by solid growth in both aeronautical and commercial revenues, supported by increased passenger traffic and strategic initiatives across its network.
The company achieved a record high Adjusted EBITDA of $194 million, reflecting a 33.6% year-over-year increase, with a margin expansion of 5.2 percentage points. Passenger traffic rose by 9.3% to 23.3 million, while consolidated revenues excluding construction services grew by 16.6% year-over-year to $472.1 million. The company maintained a strong liquidity position with $540 million in cash and cash equivalents, and a net debt to LTM Adjusted EBITDA ratio of 0.9x, indicating financial discipline and solid EBITDA growth.
Strategically, CAAP advanced several initiatives to enhance passenger experience and commercial offerings, including the inauguration of a redesigned Duty Free store in Armenia and the expansion of the Duty Free area in Uruguay. The company also signed an Award Agreement for the Baghdad Airport project in Iraq, showcasing its disciplined approach to growth and value creation.
Looking ahead, Corporación América Airports anticipates continued positive traffic momentum, although domestic growth in Argentina may moderate. The company remains focused on executing its strategy to drive revenue per passenger growth and strengthen its commercial offerings, reinforcing its profitability and cash generation capacity.