Grupo Aeroportuario Del Pacifico ( (PAC) ) has released its Q4 earnings. Here is a breakdown of the information Grupo Aeroportuario Del Pacifico presented to its investors.
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Grupo Aeroportuario del Pacífico (GAP) operates twelve airports in Mexico and two in Jamaica, providing services in the aviation sector, including both aeronautical and non-aeronautical operations. The company is publicly traded on the New York and Mexican stock exchanges.
In its latest earnings report for the fourth quarter of 2024, GAP reported a notable increase in both aeronautical and non-aeronautical revenues, with total revenues rising by 5.4% compared to the same period last year. The company also saw a significant rise in its net comprehensive income, which grew by 16.2%.
Key financial highlights include a 10.5% increase in aeronautical services revenue and a 32.7% increase in non-aeronautical services revenue. The company’s operating profit rose by 11.0%, and EBITDA increased by 14.9%. Despite these gains, the company faced a 16.7% decrease in revenues from additions to concessioned assets, reflecting strategic investments in infrastructure.
Looking forward, GAP management anticipates continued growth in 2025, with expectations of a 4% to 6% increase in passenger traffic and significant revenue growth in both aeronautical and non-aeronautical segments. The company plans substantial capital investments to support this growth, including the expansion of airport facilities in Mexico and Jamaica.