#Mexico #Mexico City #ASUR #Passenger Traffic #Grupo Aeroportuario

ASUR Financial Results for Q1 2026

Grupo Aeroportuario del Sureste, S.A.B. de C.V., widely recognized as ASUR, revealed its financial results for the first quarter ending March 31, 2026. This prominent international airport group oversees operations in multiple regions, including Mexico, the United States, and Colombia. In their latest report, ASUR highlighted several key metrics relevant to stakeholders and analysts alike.

Key Highlights

In Q1 2026, ASUR saw a modest year-on-year (YoY) increase of 1.9% in total passenger traffic. However, this growth was primarily driven by a remarkable 11.0% surge in traffic numbers from Colombia. The details of passenger traffic fluctuations by region are as follows:

• - Colombia exhibited strong growth, with a 7.7% increase in international traffic and a striking 12.1% rise in domestic travel.
• - Mexico reported stagnant growth, registering a slight decline of 0.1%. The international traffic recorded a marginal gain of 0.4%, but domestic travel saw a decrease of 0.8%.
• - Puerto Rico faced challenges, showing a 2.2% decrease attributed to a domestic traffic drop of 2.7%, despite an increase of 1.9% in international passengers.

Financial Performance

ASUR's commercial revenue per passenger increased by 4.7%, reaching Ps.153.6. Despite this, their consolidated EBITDA fell 6.5% YoY, indicating a challenging quarter in terms of profitability. The adjusted EBITDA margin notably slipped from 70.0% in Q1 2025 to 64.1% in Q1 2026, a reflection of changing conditions in their operating environments.

Their cash reserves at the end of March 2026 stood at Ps.13,811.7 million, with a Net Debt to LTM EBITDA ratio of 0.8x. This financial resilience is crucial for sustaining operational efficiency amid fluctuating revenues.

Analyzing the financial results reveals fluctuations in revenues across different regions. For instance:

• - Total Revenue increased slightly from Ps.8,787,475 in Q1 2025 to Ps.8,858,050 in Q1 2026.
• - Revenue from Mexico fell by 4.3%, while San Juan in Puerto Rico decreased by 4.7%. Conversely, Colombia maintained a robust revenue stream, despite a marginal decline of 2.4% in the same timeframe.

Operational Metrics

The operational insights provided by ASUR depict a nuanced landscape in airport management:

• - Passenger Numbers: Mexico saw a negligible drop, with 10,937,975 travelers. In Puerto Rico, traffic totaled 3,529,798, while Colombia experienced significant growth, accommodating 4,493,218 passengers.

Looking Ahead

Esteemed for its portfolio, ASUR operates 16 airports across the Americas, and with recent expansions into commercial airport services through its subsidiary, ASUR US Airports, the company aims to enhance passenger experiences at major U.S. hubs. These strategic developments hold the potential for future growth and improved service offerings.

ASUR continues to engage with analysts and investors through regular communications, including upcoming earnings calls, to outline their strategies moving forward. A commitment to transparency and adaptability will be fundamental in navigating the industry's complexities, ensuring sustainable growth in the airport and aviation sectors.