Grupo Aeroportuario del Centro Norte (OMAB) Q2 2026 earnings summary

Executive summary

• Served 7.2 million passengers in Q2 2026, up 0.4% year-over-year, with domestic traffic up 0.6% and international down 1.2%; notable growth at San Luis Potosí, Durango, and Chihuahua airports.

• Opened 24 new routes, including Aeroméxico to Paris and Iberia to Madrid, enhancing connectivity.

• Achieved 88% reduction in Scope 1 and 2 GHG emissions per passenger, surpassing sustainability targets.

• Aeronautical and non-aeronautical revenues combined increased 5.4% compared to 2Q25.

• Adjusted EBITDA grew 6.2% to MXN 2.7 billion, margin expanded to 75.2%.

Financial highlights

• Aeronautical revenues rose 3.9% year-over-year, driven by mid-April tariff adjustments and 7.7% growth in domestic TUA revenue; international TUA revenue fell 8.7%.

• Non-aeronautical revenues increased 9.8%, with commercial revenues up 6.7% and diversification up 17.4%.

• Operating income rose 4.1% to Ps.2,389 million, with an operating margin of 53.5%.

• Net income reached MXN 1.5 billion, up 10.2% year-over-year; EPS rose 9.8% to Ps.3.80.

• Cash position at quarter-end was MXN 2.6 billion; net debt to adjusted EBITDA at 1.03x.

Outlook and guidance

• Expecting 93%-95% compliance with maximum tariff for 2026, targeting 99% within 2-3 years post-MDP.

• Traffic growth anticipated to be flat to low single digits for the year, reflecting airline capacity adjustments.

• Commercial revenue per passenger expected to remain stable at MXN 66 until 2028, with a pickup after new Monterrey terminal opens.

• Total investments for 2026 projected at MXN 3.5-4 billion, including carryover from previous MDP.

• Continued focus on sustainability and decarbonization initiatives, with further investments planned.