Grupo Aeroportuario del Pacifico SAB de CV Class B (GPAEF)
OTHER OTC:GPAEF
Earnings Data
Report Date
Jul 27, 2026TBA (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
0.32Last Year’s EPS
0.3Same Quarter Last Year
Moderate Buy
Based on 3 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call presented a mixed operational picture: traffic and certain costs were meaningfully weaker in Q1 (total passengers -5.5%, cost of service +6.5%), and near-term visibility is clouded by weather impacts, security incidents and high jet fuel. However, the company demonstrated financial resilience — revenue growth (+2.8%), strong EBITDA growth (+6.4%) to MXN 6.0 billion with a 68.3% margin, robust liquidity (MXN 23.2 billion), successful MXN 10.7 billion bond issuance to fund strategic expansion (25% CBX stake) and continued non-aeronautical/cargo momentum (>20% in high-value cargo) — which together outweigh the operational headwinds in management's view.Company Guidance
Revenue Growth
Total revenues increased by 2.8% year-over-year in Q1 2026, driven by strength in both aeronautical and non-aeronautical streams.
Aeronautical Revenue Strength (Group and Mexico)
Group aeronautical revenues grew 3.9% YoY; aeronautical revenues in Mexico increased 9.3%, driven by implementation of the maximum tariff for the 2025-2029 regulatory period and elevated CapEx investment levels.
EBITDA Expansion and Strong Margin
EBITDA rose 6.4% YoY to MXN 6.0 billion, with an EBITDA margin of 68.3%, reflecting revenue growth and operational efficiency despite traffic headwinds.
Robust Liquidity and Balance Sheet Actions
Cash and cash equivalents were MXN 23.2 billion at quarter-end, supported by a historic MXN 10.7 billion bond issuance on March 31; management also refinanced existing debt to optimize the balance sheet and financial flexibility.
Capital Expenditure Progress
GAP deployed MXN 1.8 billion of CapEx in the quarter as part of its Master Development Plan, with continued investment to enhance capacity and passenger experience; management expects CapEx deployment to be more intensive in later quarters.
Strategic Acquisition and Consolidation Plan
Proceeds from the bond issuance were allocated toward the strategic acquisition of a 25% stake in CBX; management expects the CBX transaction to be formalized and consolidated into financial statements in May (target).
Dividend Proposal
Management proposed a dividend of MXN 20.8 per outstanding share to be paid over the following 12 months, reflecting confidence in cash generation and capital allocation.
Non-Aeronautical / Cargo Momentum
Bonded warehouse business (≈21% of total non-aeronautical revenues) and cargo volumes saw meaningful strength — management cited >20% increases in high-value cargo in Guadalajara tied to nearshoring/electronics production shifts (e.g., Foxconn).
Tariff Implementation Progress
Current maximum tariff compliance is reported at ~92–93% with management targeting close to 95% by year-end after additional passenger fee changes at two airports (Vallarta and Cabos).
Grupo Aeroportuario del Pacifico SAB de CV (GPAEF) Earnings, Revenues Date & History
GPAEF Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
GPAEF Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Apr 20, 2026 | $25.33 | $25.79 | +1.80% |
Feb 24, 2026 | $29.55 | $26.80 | -9.31% |
Oct 21, 2025 | $21.96 | $21.14 | -3.73% |
Jul 22, 2025 | $22.36 | $21.64 | -3.22% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Grupo Aeroportuario del Pacifico SAB de CV Class B (GPAEF) report earnings?
Grupo Aeroportuario del Pacifico SAB de CV Class B (GPAEF) is schdueled to report earning on Jul 27, 2026, TBA (Confirmed).
What is Grupo Aeroportuario del Pacifico SAB de CV Class B (GPAEF) earnings time?
Grupo Aeroportuario del Pacifico SAB de CV Class B (GPAEF) earnings time is at Jul 27, 2026, TBA (Confirmed).
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What is GPAEF EPS forecast?
GPAEF EPS forecast for the fiscal quarter 2026 (Q2) is 0.32.