Grupo Aeroportuario del Sureste SA de CV Class B (ASRMF)
OTHER OTC:ASRMF
Earnings Data
Report Date
Apr 27, 2026After Close (Confirmed)
Period Ending
2026 (Q1)Consensus EPS Forecast
0.62Last Year’s EPS
0.68Same Quarter Last Year
Based on 2 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Neutral
Mixed but balanced. The call highlighted significant strategic progress—notably the ASUR U.S. acquisition, the signed Motiva agreement (adding scale and geographic diversification), solid full-year revenue growth (+~19%), commercial expansion, and a conservative leverage profile (net debt/EBITDA 0.8x). Offsetting these positives were near-term operational and financial headwinds in the quarter: flat Q4 revenues, a 25% increase in operating expenses, a ~5% decline in quarterly EBITDA and a 22% drop in Q4 net income driven by FX losses and a Colombia amortization adjustment. Management emphasized long-term confidence and described some issues as transient (aircraft availability, FX, timing of terminal openings), but short-term margin and profitability pressures were notable.Company Guidance
Strategic U.S. Acquisition (ASUR U.S.)
Completed acquisition of URW Airports (renamed ASUR U.S.) at an enterprise value of $295 million; ASUR U.S. contributed approximately $133 million in revenues and $86 million in EBITDA from Dec 11–31, 2025. Adds high-traffic dollar-denominated commercial revenues, diversifies revenue mix beyond regulated income, and creates a scalable platform in major U.S. hubs (LAX, ORD, JFK).
Signed Motiva Airports Purchase Agreement
Signed agreement to acquire Motiva's stake for BRL 5 billion (~$936 million), which would add ~45 million passengers annually and increase network traffic to over 116 million passengers. Transaction would provide entrance to Brazil and deeper presence in Central and South America; expected close in H1 2026 subject to approvals and to be funded with debt.
Full-Year Revenue and EBITDA Growth
Full-year 2025 total revenues increased nearly 19% year-on-year to MXN 37.0 billion. Full-year EBITDA rose 2% to MXN 20.2 billion, with an adjusted EBITDA margin of 67.8% (vs 69.7% in 2024).
Passenger Traffic Scale and Select Market Strength
Handled 17.9 million passengers in Q4 2025 (up nearly 1% YoY) and ~72 million passengers for the full year. Colombia delivered the strongest performance with Q4 passenger growth of nearly 6% to 4.7 million and Southbound international demand showing pockets of resilience (Canada +12.9%, Europe +1.1%). U.S. source market volumes decreased minimally (-0.6%).
Commercial Expansion and Per-Passenger Improvement
Opened 41 additional retail/service units across the network in 2025 (31 in Colombia, 8 in Puerto Rico, 6 in Mexico). Commercial revenue per passenger increased 1% YoY to ~MXN 132; Colombia commercial revenue per passenger grew 12% and Puerto Rico nearly 4%.
Strong Cash Position and Conservative Leverage
Closed year with MXN 11 billion in cash and cash equivalents and net debt of MXN 16 billion, equivalent to 0.8x LTM EBITDA. Management highlights leverage as conservative and below global airport peers, supporting regulatory CapEx and future acquisitions.
Shareholder Returns and CapEx Delivery
Returned MXN 24 billion in dividends during 2025 while investing MXN 7.8 billion in CapEx for the full year (Q4 CapEx MXN 3.9 billion), advancing Master Development Programs (e.g., planned reopening of Cancun Terminal 1 in Q3 2026 expected to support commercial spend).
Grupo Aeroportuario del Sureste SA de CV (ASRMF) Earnings, Revenues Date & History
ASRMF 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
ASRMF Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Feb 24, 2026 | $37.95 | $36.94 | -2.67% |
Oct 22, 2025 | $29.84 | $29.30 | -1.81% |
Jul 22, 2025 | $29.00 | $29.92 | +3.15% |
Apr 22, 2025 | $23.71 | $23.71 | 0.00% |
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 Sureste SA de CV Class B (ASRMF) report earnings?
Grupo Aeroportuario del Sureste SA de CV Class B (ASRMF) is schdueled to report earning on Apr 27, 2026, After Close (Confirmed).
What is Grupo Aeroportuario del Sureste SA de CV Class B (ASRMF) earnings time?
Grupo Aeroportuario del Sureste SA de CV Class B (ASRMF) earnings time is at Apr 27, 2026, After Close (Confirmed).
Where can I see when companies are reporting earnings?
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What is ASRMF EPS forecast?
ASRMF EPS forecast for the fiscal quarter 2026 (Q1) is 0.62.