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

ASUR Reports Mixed Results in Q3 2026

Grupo Aeroportuario del Sureste, S.A.B. de C.V. (ASUR), a key player in the airport industry within the Americas, disclosed its financial results for the third quarter of 2026 on October 22, 2026. The announcements included notable changes in passenger traffic across regions and financial performance insights.

Passenger Traffic Overview

In Q3 2026, ASUR experienced a total passenger traffic decline of 1.2% compared to the previous year. This decline was primarily driven by significant drops in passenger numbers from Mexico and Puerto Rico:

• - Mexico reported a 4.6% decrease, featuring a stark 11.8% drop in international passengers, offset slightly by a 1.6% increase in domestic traffic.
• - Puerto Rico saw a 3.2% reduction in total passenger numbers, with both domestic and international traffic down by 3.1% and 3.9%, respectively.

On the positive side, ASUR's operations in Colombia and Brazil reflected growth:

• - Colombia's passenger traffic rose by 5.2%, supported by a 6.5% increase in domestic travelers and a 1.0% uptick in international passengers.
• - Brazil, including other operations, experienced a 1.4% increase in traffic overall, resulting from 2.6% growth in Brazil and 1.7% in Ecuador, though Costa Rica and Curacao faced declines of 6.1% and 0.9% respectively.

Financial Performance

ASUR reported total revenues reaching Ps.10,420.5 million, marking an impressive 18.9% increase year-over-year (YoY). This revenue growth is highlighted by:

• - A notable contribution of Ps.456.4 million from its U.S. operations acquired in December 2025.
• - Ps.676.4 million from one full month of operations post-acquisition of CPC Aeroportos on September 1, 2026.

After excluding services related to construction, revenues still increased by 12.6%.

Commercial revenue per passenger also saw advances, with a 3.5% increase YoY to Ps.130.5. However, an increase in consolidated EBITDA was modest at 1.7%, totaling Ps.4,719.3 million. Although the Adjusted EBITDA Margin fell to 60.3%, down from 66.7% in Q3 2025, cash reserves remained strong, totaling Ps.20,091.8 million.

Highlights of the Financial Report

A snapshot of the third-quarter financial and operational outcomes includes:

• - Net Income: Increased by 4.4% to Ps.2,307.9 million.
• - Earnings per Share: Rose by 2.1% to 7.1960 pesos.
• - Net Debt: In a dramatic change, it surged to Ps.49,878.1 million.

The company is adjusting to challenges and opportunities stemming from market volatility and acquisition-related changes, drawing attention to its operational strategies moving forward.

Conclusion

ASUR's financial results for Q3 2026 reflect a complex landscape, influenced by fluctuating passenger traffic trends and expansive commercial growth initiatives. While challenges persist in certain regions, the company remains resilient, venturing into new properties and partnerships, promising a vigilant watch on market dynamics to adapt and thrive.

About ASUR

Founded in Mexico, Grupo Aeroportuario del Sureste operates a diverse portfolio of airport concessions across the Americas, managing nine airports in southeastern Mexico, six in northern Colombia, and recently adding numerous airports in Brazil and Central America. ASUR’s expansive commercial services reach into the U.S., enhancing passenger experiences at major international hubs. The company is listed on both the NYSE and the Mexican Bolsa, signifying its strong market presence.