Grupo Aeroportuario Del Centro ((OMAB)) has held its Q2 earnings call. Read on for the main highlights of the call.
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Grupo Aeroportuario Del Centro’s recent earnings call conveyed a generally positive sentiment, underscored by strong growth in passenger traffic and revenues. The company reported robust financial performance, with a notable increase in EBITDA. However, challenges such as increased financing and service costs were also highlighted. Positive developments included strategic leadership changes and successful debt issuance.
Passenger Traffic Growth
OMA’s passenger traffic reached 7.2 million in the second quarter of 2025, marking an 11% increase year-over-year. This growth was driven by a 10% rise in domestic passenger traffic and a significant 19% increase in international passenger traffic.
Financial Performance
The company reported a 17% increase in aeronautical revenues, with a 5% rise in aeronautical revenue per passenger. Commercial revenues grew by 20%, with an 8% increase in commercial revenue per passenger. Adjusted EBITDA rose by 19% to MXN 2.6 billion, achieving an adjusted EBITDA margin of 74.6%.
Successful Debt Issuance
OMA successfully completed an MXN 2.75 billion issuance of long-term notes in the Mexican market. The proceeds were used to repay MXN 600 million in short-term loans and fund committed investments.
Strategic Leadership Changes
The company announced new leadership positions, with Raful Zacarias succeeding as Chief Operating Officer and Pierre Grosmaire joining as Chief Commercial Officer, signaling a strategic shift in leadership.
Increased Financing Expenses
OMA’s financing expenses increased by MXN 184 million, primarily due to a MXN 185 million variation in non-cash interest expense related to major maintenance provision.
Cost Increases
The cost of services and G&A expenses rose by 5.6%, driven by an 11% increase in payroll and an 8.2% rise in contracted services costs.
Forward-Looking Guidance
OMA provided extensive guidance, highlighting a robust operational performance with passenger traffic reaching 7.2 million, marking an 11% year-over-year increase. Monterrey Airport played a significant role, contributing to a 10% increase in domestic and a 19% increase in international passenger traffic. Aeronautical and commercial revenues saw substantial growth, and the company’s adjusted EBITDA climbed 19% to MXN 2.6 billion. The company also completed a MXN 2.75 billion issuance in long-term notes and outlined ongoing master development program negotiations.
In summary, Grupo Aeroportuario Del Centro’s earnings call reflected a positive outlook with strong growth in passenger traffic and revenues. Despite challenges in financing and service costs, the company demonstrated robust financial performance and strategic leadership changes, positioning itself well for future growth.